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Development Test - 33

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Development Test - 33
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  • Question 1
    1 / -0
    "NABARD" is a an
    Solution

    National Bank for Agriculture and Rural Development (NABARD) is an Apex Development Financial Institution in India. The Bank has been entrusted with "matters concerning Policy Planning and Operations in the field of credit for Agriculture and other Economic activities in Rural areas in India".

  • Question 2
    1 / -0
    Funds which flow into a country to take advantage of favourable rates of interest in that country is called
    Solution

    "Hot money" refers to funds that are controlled by investors who actively seek short-term returns. These investors scan the market for short-term, high interest rate investment opportunities. A typical short-term investment opportunity that often attracts "hot money" is the certificate of deposit (CD). The "hot money" concept is not reserved solely for banks. Investors can move their funds to different countries to take advantage of favorable interest rates.

  • Question 3
    1 / -0
    Shimoga Manganese mine is located in the state of
    Solution

    Janardhana, M.R., (1991) Geological setting, mineralogy, textural, geochemistry and genesis of Shimoga manganese deposits, Karnataka. Rich deposits of asbestos, bauxite, chromite, dolomite, gold, iron ore, kaolin, limestone, magnesite, Manganese, ochre, quartz and silica sand are found in the state. Karnataka is also a major producer of felsite, moulding sand (63%) and fuchsite quartzite (57%) in the country.

  • Question 4
    1 / -0
    G-77 summit is a forum for:
    Solution

    The Group of 77 is the largest intergovernmental organization of developing countries in the United Nations, which provides the means for the countries of the South to articulate and promote their collective economic interests and enhance their joint negotiating capacity on all major international economic issues , Group of 77 (G-77), loose alliance of developing countries established on June 15, 1964. The name of the group derives from the 77 original signatories to the Joint Declaration of the Seventy-Seven Countries at the conclusion of the United Nations Conference on Trade and Development (UNCTAD) in Geneva.

  • Question 5
    1 / -0
    Neyveli Coal mine is located in the state of
    Solution

    One of the best-planned townships in India, Neyveli is a small, compact city in the Cuddalore region of Tamil Nadu. Around 1935, it was discovered that copious amounts of the mineral lignite was available just a few feet below the surface of this region. Neyveli is a mining and power generation township in Cuddalore district of Tamil Nadu. A large portion of Thermal power generated in Tamil Nadu comes from Neyveli. The town of Neyveli is also famous for its goat herding industry

  • Question 6
    1 / -0
    Which of the following state is the leading producer of Lime Stone?
    Solution

    Rajasthan was the leading producing state accounting for (21%) of the total production of limestone, followed by Madhya Pradesh & Andhra Pradesh (11% each), Chhattisgarh & Karnataka (10% each), Gujarat,Tamil Nadu & Telangana (8% each), Maharashtra & Himachal Pradesh (4% each), and the remaining 5% was contributed by, Madhya Pradesh: Madhya Pradesh is the largest producer of limestone and accounts for over 16 per cent of the total limestone production of India.

  • Question 7
    1 / -0
    Which of the following is not a necessary condition for the development of India?
    Solution

    Population growth is the increase in the number of individuals in a population. Global human population growth amounts to around 83 million annually, or 1.1% per year. The global population has grown from 1 billion in 1800 to 7.774 billion in 2020. Therefore we can state that population growth is hurdle in economic development. 

  • Question 8
    1 / -0
    Which of the following state is the leading producer of Gold(Ore)?
    Solution

    According to an official of the GSI the gold deposits were found in over 600 sq km between Shikaripur in Shivamogga district and Honnali taluk of Davangere district. The official sources say this is the largest gold deposit in Karnataka after Kolar Gold Fields and Hutti (Raichur district). DGML identifies 15 gold mining locations in Karnataka.

  • Question 9
    1 / -0
    Udaipur Copper mine is located in the state of
    Solution

    Rajasthan is a state that is rich in minerals. The Rajasthan state is sanctified with seventy-nine mineral varieties out of which fifty-eight minerals are commercially subjugated. Khetri mines in Rajput are famous for copper mines. Explanation: Khetri Nagar, which is located 10 km far from Khetri, is known as 'Tamba Project'. Khetri Nagar was built by Hindustan Copper Limited which is a public sector under the "Government of India" and under his jurisdiction. Uaidpur is one copper mine situated in Rajasthan.

  • Question 10
    1 / -0
    Consumer's sovereignty means:
    Solution

    Consumer sovereignty is an economic concept where the consumer has some controlling power over goods that are produced, and the idea that the consumer is the best judge of their own welfare. The concept of consumer sovereignty has in fact given rise to the concept of a market economy system. A system where in the consumer tastes and preferences that give rise to demand of goods and services will signal producers which kind of goods to produce more.

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