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Indian Economy Test 42

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Indian Economy Test 42
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Weekly Quiz Competition
  • Question 1
    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?
    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 2
    1 / -0
    Consider the following statements
    1. The state sets broad parameters and goals for the economy.
    2. The targets to be achieved are broadly set by the state.
    3. The plan is made for the specific time period of about 15 years.
    Which of the statements given above is/are correct about the Indicative Planning?
  • Question 3
    1 / -0
    Kisan Credit Card was launched by Indian Government to facilitate the short-term loan and cash delivery to farmers. Which one of the following agencies is not included in the operation of the Kisan Credit Cards?
    Solution
    Kisan Credit Card Scheme is implemented by Scheduled Commercial banks, Co-operative banks and Regional Rural banks. NABARD had contributed in designing the scheme by taking various inputs from the banks and in light of the recommendations of the RV Gupta Committee.
  • 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 ? 

  • 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?
  • 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?
  • 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? 
  • 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?
  • 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?
  • 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? 
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