Tag: the state of the indian economy on the eve of independence

Quizzes (3) Questions (69)

Questions Related to the state of the indian economy on the eve of independence

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

Which of the following is the apex bank for agriculture credit in India?

  1. NABARD

  2. SIDBI

  3. REC

  4. KRIBHCO
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

NABARD (National Bank for Agriculture and Rural Development) is the apex regulatory body and development bank for agriculture credit in India.

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

In India poor agriculture growth is attributed to _____.

  1. income land reforms

  2. lack of adequate cheap finance

  3. orthodox technology

  4. all the three
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Poor agricultural growth in India is a multifaceted problem stemming from inadequate land reforms, lack of affordable credit for farmers, and outdated farming techniques. All three factors contribute to low productivity.

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

Agriculture in India is witnessing _______.

  1. slow and uneven growth

  2. fast and uneven growth

  3. slow and even growth

  4. fast and even growth
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Indian agriculture has historically experienced slow and uneven growth due to dependency on monsoons, varying regional development, and structural issues.

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

Agriculture has _______ Capital - Output Ratio.

  1. low

  2. high

  3. moderate

  4. nothing can be said
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Agriculture generally has a low capital-output ratio compared to heavy industries, meaning it requires less capital investment to produce a unit of output.

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

 In pursuance with the recommendations of Narasimha Committee-$1$, select the correct one/ones, using the code given below:
1. Priority sector lending compulsions of the banks operating in India has been revised by making many items out of it.
2. The Government of India continues to borrow the SLR money from the banks but pays market-based interest rates on them. 

  1. Only 1

  2. Only 2

  3. 1 and 2

  4. Neither 1 or 2
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Government has not followed the concerned adv ices of the Commission though the priority sector has been redefined some new items have been added to it in place of making some out. Similarly. the Government still borrows bank money at non-market-based interest rates. It is believed that the purpose of social banking is still required for the proper levels of socio-economic development in India.

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

Which of the following schemes of the Govt of India is planned to help farmers by providing a competitive price to their produce?
(A) Minimum support price of agro products
(B) Creating buffer stock of food grains
(C) Making loans available to them on special and subsidized rates of interest

  1. Only A

  2. Only B

  3. Only C

  4. All A, B and C
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Minimum Support Price or MSP is to support the farmers to earn the basic profits for their crops. It is the price set by the government at which they buy the food grains from the farmers so that they dont need face losses due to lower market prices.  

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

Which of the following items does not come in the primary article's group?

  1. Onion

  2. Bajra

  3. Urad

  4. Milk
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Primary articles in economic indices typically include food grains and raw materials. Milk is often classified under processed or livestock products rather than the primary article group in specific wholesale price index contexts.

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

Government normally does not announce the support price of ______.

  1. wheat

  2. paddy

  3. mango

  4. sugarcane
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The government announces Minimum Support Prices (MSP) for major food crops like wheat, paddy, and sugarcane. Mango is a horticultural product and is not typically covered by the standard MSP regime.

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

The Food Corporation of India's main functions are __________.

  1. To purchase, store, transport and help in the sale of foodgrain

  2. Distribution of quality seeds

  3. To restrict consumption of foodgrains and change food habits

  4. To set up or assist in the setting up of rice mills and flour mills
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Food Corporation of India was established under the Food Corporation's Act 1964. The major purpose and areas of functioning of this governmental organization is to purchase food grains at the set MSP, storing the food grains so that national food security is maintained and to provide assistance to the farmers in selling their crops.