Tag: objectives of economic planning in india

Questions Related to objectives of economic planning in india

The basis of international trade is _________.

  1. Only absolute advantage

  2. Only comparative advantage

  3. Both A and B

  4. Exchange Rate


Correct Option: C
Explanation:

 International Trade refers to the exchange of products and services from one country to another. Differences in cost form the basis of trade. Differences in cost may be two types: (i) absolute cost difference, and (ii) comparative cost difference. In 1776, Adam Smith argued that absolute cost difference or absolute advantage is the basis of trade.

Which of the following are a part of the 17 new Sustainable Development Goals?

1. Ensure healthy lives and promote well-being for all at all ages.

2. Eliminate poverty by 80%.

3. Make cities and human settlements inclusive, safe, resilient and sustainable.

  1. 1, 2

  2. 1, 3

  3. 2, 3

  4. All the above


Correct Option: B
Explanation:

  • About 17 sustainable development goals have been published by United Nations. Goals of sustainable development among the given options are following:
  • Make cities and human settlements inclusive, safe, resilient and sustainable, ensure healthy lives and promote well-being for all at all ages. Though elimination of poverty is one of the goals, it does not talk about eliminating 80% of poverty.

Which of the following is the most indigenous atomic power plant in India?

  1. Kalapakkam

  2. Tarapur

  3. Kota

  4. Trombay


Correct Option: A
Explanation:

Madras Atomic Power Station located at Kalpakkam about 80 kilometres south of Chennai, India, is a comprehensive nuclear power production, fuel reprocessing, and waste treatment facility that includes plutonium fuel fabrication for fast breeder reactors.

Match the following.

List-I List-II
A. Kalpakkam $1$. Steel plant
B. Salem $2$. Site of Atomic blast
C. Pokhran $3$. Rocket launching centre
D. Thumba $4$. Atomic power project
  1. A-$1$, B-$2$, C-$3$, D-$4$

  2. A-$2$, B-$3$, C-$4$, D-$1$

  3. A-$4$, B-$3$, C-$2$, D-$1$

  4. A-$4$, B-$1$, C-$2$, D-$3$


Correct Option: D
Explanation:

Correct March

List-I List-II
A. Kalpakkam 11. Atomic power project
B. Salem 22. Steel plant
C. Pokhran 33. Site of Atomic blast
D. Thumba 44. Rocket launching centre

Crop rotation implies _____________________.

  1. The growing of crops one after the other successively to maintain soil fertility

  2. Shifting cultivation

  3. Growing commercial and food crops by rotation

  4. Growing more than one crop at a time


Correct Option: A
Explanation:

Crop rotation is the practice of growing a series of dissimilar or different types of crops in the same area in sequenced seasons. It is done so that the soil of farms is not used for only one set of nutrients. It helps in reducing soil erosion and increases soil fertility and crop yield

'India Brand Equity Fund' was established in ___________.

  1. $1996$

  2. $1997$

  3. $1995$

  4. $1992$


Correct Option: A
Explanation:

The IBEF was set up in 1996 by the ministry of commerce and industry to build the Made in India brand in the overseas market. It is working to increase the corpus available by attracting contributions from large corporate houses in the country.

The country that is not a developing country but has not yet achieved the status of the advanced country is __________.

  1. Malaysia

  2. South Korea

  3. Singapore

  4. none of these


Correct Option: A
Explanation:

The country which is neither a developing company nor it has achieved the status of an advanced or developed country is known as a transitional country which is out of the range of development and neither is it fully developed. Example of such a country is Malaysia. 

Under 'One Village one product' scheme launched in North East states, plantation of which of the following is being promoted as an inaugural product of the scheme?

  1. Lemon

  2. Banana

  3. Apple

  4. Orange


Correct Option: A

The forest survey of India was established in __________.

  1. 1980

  2. 1981

  3. 1982

  4. 1983


Correct Option: B
Explanation:
Forest Survey of India (FSI), founded in June 1981 and headquartered at Dehradun in Uttarakhand, is a Government of India Ministry of Environment, Forest and Climate Change organisation for conducting forest surveys, studies and research to periodically monitor the changing situation of land and forest resources.

________ resources are those which can be used without the possibility of the resource becoming depleted or exhausted.

  1. Non-renewable

  2. Renewable

  3. Unlimited

  4. Abundant


Correct Option: B
Explanation:

A renewable resource is a natural resource which will replenish to replace the portion depleted by usage and consumption, either through natural reproduction or other recurring processes in a finite amount of time in a human time scale. Renewable resources include biomass energy such as ethanol, hydropower, geothermal power, wind energy, and solar energy. Biomass refers to organic material from plants or animals. This includes wood, sewage, and ethanol (which comes from corn or other plants).