Tag: economics

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Questions Related to economics

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

An insurance scheme for the agriculture sector was introduced by the Govt of India. Which of the following represents the name of the same?

  1. NAIS

  2. RIDF

  3. AICIL

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

NAIS stands for National Agricultural Insurance Scheme, which was a major insurance scheme introduced by the Government of India to support farmers. Other options like RIDF (Rural Infrastructure Development Fund) and CACP (Commission for Agricultural Costs and Prices) serve different functions.

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 agricultural census is done at which of the following intervals?

  1. There is no fixed term.

  2. Every year

  3. Once in three years

  4. Once in five years
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The agricultural census in India is conducted every five years to collect data on land holdings and agricultural operations. This interval allows for tracking long-term trends in land use and ownership.

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

Uniform land ceiling laws were made in ________.

  1. 1976

  2. 1972

  3. 1999

  4. 1949
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Uniform land ceiling laws were enacted in 1972 to ensure a more equitable distribution of land and to prevent the concentration of land ownership in the hands of a few.

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

Prior to independence, farmers,while selling their produce to traders,suffered from? 

  1. Faulty weighing

  2. Crop failures

  3. Lack of consumers

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

Before independence, the agricultural marketing system was unorganized, and farmers were often exploited by traders through manipulative practices such as faulty weighing and lack of market information.

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

Much of the agricultural employment activities are concentrated in which season.

  1. Kharif

  2. Rainy

  3. Summer

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

Kharif is the primary cropping season in India, coinciding with the monsoon, which requires significant labor for sowing, weeding, and harvesting, thus concentrating employment.

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

maintenance of buffer stocks of wheat and rice is done by?

  1. Food Corporation of India

  2. Government employees

  3. Farmers

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

The Food Corporation of India (FCI) is the nodal agency responsible for the procurement, storage, and maintenance of buffer stocks of food grains 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

What was the third initiative taken by the government to secure the Indian agricultural  system?

  1. corporate marketing

  2. Cooperative marketing

  3. Elimination of Traders

  4. Increasing exports
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cooperative marketing was introduced as a key initiative to help farmers get better prices for their produce by eliminating middlemen and providing collective bargaining power.

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 fact that there is greater risk in depending exclusively on farming for livelihood gives rise to ?

  1. Substitution

  2. Divercification

  3. Imports

  4. Shutdown of agriculture Markets
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Depending exclusively on farming is risky due to crop failures, price fluctuations, and weather dependence. This leads farmers to diversify into non-farm activities to reduce risk.

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

Agricultural Prosperity is linked with the standard of living of the people. This statement is __________.

  1. True

  2. False

  3. Partially True

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

Agricultural prosperity increases rural income, which directly improves the purchasing power and overall standard of living for the rural population.