Sectoral Growth

According to the Economic Census 2005, about 61.3% of total enterprises in India were located in rural areas. This highlights the importance of rural enterprises in India's economic structure, despite common perception of urban dominance in organized business.

Correct Answer: USA

Devaluation refers to the deliberate reduction in the value of a country's currency relative to other currencies. This is typically done by the central government or monetary authority to make exports more competitive and reduce imports. It is different from changing interest rates or providing subsidies.

The correct matching is: (a) Aquaculture - 4 (Fisheries), (b) Floriculture - 3 (Flower), (c) Sericulture - 1 (Silk), and (d) Viticulture - 2 (Grapes). These are specialized agricultural practices: aquaculture deals with fish farming, floriculture with flowers, sericulture with silk production, and viticulture with grape cultivation.

Credit cooperative societies were the first type of cooperatives established in India, starting with the establishment of the first cooperative credit society in 1904 in Maharashtra. These were modeled after the German cooperative system and focused on providing rural credit to farmers, who were exploited by moneylenders.

The A K Khandelwal Committee recommended the introduction of a common recruitment programme for all public sector banks to standardize hiring practices, ensure transparency, and reduce duplication of effort. This aimed to create a more efficient and merit-based recruitment system across the banking sector.

The Special Economic Zone Act was passed by Parliament in May 2005 and came into force on February 10, 2006. This legislation provided the legal framework for establishing Special Economic Zones in India to promote exports and attract foreign investment with tax incentives and simplified regulations.

The household sector contributes the most to Gross Domestic Savings in India, typically accounting for over 60-70% of total savings. This includes savings by households in the form of bank deposits, life insurance, provident funds, and other financial assets, reflecting the high savings propensity of Indian households.

Kisan Call Centres were established with the primary objective of providing agriculture-related consultancy services to farmers. They offer expert advice on crop problems, pest management, and best practices through a toll-free number, acting as a crucial link between agricultural scientists and farming communities.

Option (2) is the correct answer. 

The Cotton Industry in India is the most labor-oriented among the given options. It employs millions of workers, especially in manual picking, ginning, and processing. Cotton has high labor intensity in both cultivation and processing stages, making it more labor-dependent than industries like iron and steel, jute, or cement which are more capital-intensive.

The tertiary sector consists of service-oriented activities. Transport and trade are services, thus part of the tertiary sector. Electricity generation is a secondary sector activity (industrial/production), not tertiary.

Option (2) is the correct answer.