Indian Economy Test 42

Result

Indian Economy Test 42

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Weekly Quiz Competition

Question 1
1 / -0

Consider the following statements
1. In the history of Indian Planning, the actual growth rate of the GDP is never higher than the targeted growth rate.
2. In the First Five Year Plan, the actual GDP growth rate was more than the targeted growth rate.
Which of the statements given above is/are correct?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2

Solution

In the first Five Year Plan the actual GDP growth rate was more than the targeted growth rate, which disapproves statement 1 of the above.
Hence, B is the correct option.
Question 2
1 / -0

Consider the following statements:
1. India has about 15% of livestock population of the world.
2. India is second to China in the population of buffalo livestock in the world.
Which of the statements given above is/are correct?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Solution
- According to livestock census conducted in 2012, total livestock population in India was approximately 512 million, which is roughly 15% of the total livestock population of the world.
- India has the world's largest buffalo population.
Question 3
1 / -0

Which one of the following sectors of the Indian Economy got the highest growth in the term GDP contribution after the adoption of LPG model of economic development?

A
Agricultural Sector

B
Fishing and Forestry Sector

C
Mining and Quarrying Sector

D
Services Sector

Solution

Services sector has been the major contributor to GDP after the LPG model was implemented. Agriculture which contributed more than 50% to the country's GDP, stood at 17% as of 2013 while the contribution of services sector has grown to around 57%, registering the highest growth across all sectors.
Question 4
1 / -0

With reference to Cooperative Credit Structure of the Indian economy , consider the following statements
1 . Central Cooperative Bank is the federation of the primary agriculture Credit Societies in a specified area .
2 . State cooperative banks from the apex of the Cooperative Credit Structure .
Which of the statement given above is / are correct ?

A
only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 5
1 / -0

Which one of the following is not the aim of the Rainbow Revolution of Indian economy formulated in the National Agricultural Policy, 2000?

A
Target to achieve 4% growth rate in agriculture.

B
Greater private sector participation in agriculture.

C
National Agriculture Insurance Scheme for all farmers.

D
Import of High Yielding Varieties of crops from other countries.
Question 6
1 / -0

Consider the following statements
1. In India, the Nutrient Based Subsidy (NBS) Policy for fertilisers was implemented in 2010.
2. The Nutrient Based Subsidy (NBS) Policy for fertiliers is applied only to the phosphorus based-fertilisers.
Which of the statements given above is/are correct?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 7
1 / -0

Consider the following statements about the National Mission for Sustainable Agriculture (NMSA) started in India in 2010
1. National Mission for Sustainable Agriculture (NMSA) aims at enhancing food security and protection of resources such as land, water, biodiversity, and genetic resources.
2. National Mission for Sustainable Agriculture (NMSA) is one of the very important programme under the National Action Programme on Climate Change.
Which of the statements given above is/are correct?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 8
1 / -0

Consider the following statements
1. The Minimum Support Price (MSP) Policy of India covers only wheat, paddy and coarse cereals.
2. The Minimum Support Price (MSP) for Grade-A Paddy is always higher than the common paddy.
Which of the statements given above is/are correct?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 9
1 / -0

Consider the following statements about NABARD
1. NABARD can accept the short-term deposits from public.
2. NABARD depends on the general line of credit received from the Reserve Bank of India to finance the agricultural credits.
Which of the statements given above is/are correct?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 10
1 / -0

Consider the following statements
1. In last decade, the area under oilseeds has been decreasing at the faster pace.
2. India still imports about 50% of its requirement of edible oil from the foreign countries.
Which of the statements given above is/are correct?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2

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Re-Attempt Weekly Quiz Competition

Indian Economy Test 42

Result

Indian Economy Test 42

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Rank

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SHARING IS CARING

Question 1

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Solution

Question 2

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Solution

Question 3

Agricultural Sector

Fishing and Forestry Sector

Mining and Quarrying Sector

Services Sector

Solution

Question 4

only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 5

Target to achieve 4% growth rate in agriculture.

Greater private sector participation in agriculture.

National Agriculture Insurance Scheme for all farmers.

Import of High Yielding Varieties of crops from other countries.

Question 6

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 7

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 8

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 9

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 10

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

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Score

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