Tag: economics

Questions Related to economics

Consumer goods means _______.

economics agriculture sector profile of indian agriculture and agricultural marketing role of agriculture sector foreign trade in india

  1. minerals, fertilizers, cement, steel etc.

  2. machinery, machine tools etc.

  3. chemicals, rubber, plastic, coal etc.

  4. man-made fibers, beverages, watches etc.

Show answer
Correct Option: D

_______ was based on Mahalanobis model.

economics agriculture sector profile of indian agriculture and agricultural marketing role of agriculture sector foreign trade in india

  1. Power & Irrigation

  2. Communication & transport

  3. Agriculture

  4. Social service

Show answer
Correct Option: C

At present, in terms of agricultural production, the country holds the____ position all over the world.

economics agriculture sector profile of indian agriculture and agricultural marketing role of agriculture sector foreign trade in india

  1. First

  2. Second

  3. Third

  4. Fourth

Show answer
Correct Option: B
Explanation:

At present, in terms of agricultural production, the country holds the second position all over the world being one of the largest producer of commercial crops like Rice, Wheat, Cotton, Jute, Tea etc. 

Service sector growth must be accompanied by a corresponding growth in _______.

economics agriculture sector profile of indian agriculture and agricultural marketing role of agriculture sector foreign trade in india

  1. agriculture

  2. industry

  3. both (a) & (b) above

  4. tertiary sector

Show answer
Correct Option: C

India agriculture sector employs about _____ of the entire manpower.

economics agriculture sector profile of indian agriculture and agricultural marketing role of agriculture sector foreign trade in india

  1. 82%

  2. 72%

  3. 62%

  4. 52%

Show answer
Correct Option: D
Explanation:

Indian agricultural sector being the most influencing economic sector in terms of resources and coverage employs about 52% of the entire manpower of the economy which accounts for around 253 million workers under the agricultural sector.

Due to which of the following reason there was slow growth in agriculture sector?

economics agriculture sector profile of indian agriculture and agricultural marketing role of agriculture sector foreign trade in india

  1. Increasing population pressure

  2. Traditional system of cultivation

  3. Inadequate infrastructural facilities

  4. All of above

Show answer
Correct Option: D
Explanation:

After independence there was a slow growth in the agricultural sector owing to:

  • The increase in the population due to which there was high growth of urbanization and pressure on the sector for higher returns; 
  • Traditional system of cultivation which were obsolete and does not yield high returns and 
  • Lack of infrastructural facilities due to which large scale production was restricted. 

NAP means _____________.

economics agriculture sector profile of indian agriculture and agricultural marketing role of agriculture sector foreign trade in india

  1. National Agriculture Planning

  2. National Agriculture Policy

  3. National Agriculture Power

  4. National Assets Policy

Show answer
Correct Option: B
Explanation:

NAP means National Agricultural Policy which was a document released by the Government of Indian in 2000 that aimed at achieving an agricultural production growth rate in excess of 4 percent every subsequent year, based on the efficient use of resources, and a sustainable and equitable manner.

All of the following statements except one are correct about the foreign trade policy. Identify the incorrect statement.

economics agriculture sector profile of indian agriculture and agricultural marketing role of agriculture sector foreign trade in india

  1. Certain thrust areas like agriculture, handlooms, handicrafts, etc have been identified.

  2. Vishesh Krishi Upaj Yojana started in 2004.

  3. 'Served from India' scheme had been started in 2007.

  4. The entry of FDI in India has been restricted.

Show answer
Correct Option: D
Explanation:

All export and import-related performance is governed by the Foreign Trade Policy (FTP), which is intended at enhancing the country's exports and use trade development as effective implementation of monetary growth and employment generation. 

In other words, the main objective of the Exim Policy is to speed up the economy from a low level of economic activities to a high level of economic activities by making it a worldwide orient animated economy and to get maximum benefits from expanding global market opportunities.

 Thus, the correct option is D.

The area under irrigation has over the years in India __________.

economics agriculture sector profile of indian agriculture and agricultural marketing role of agriculture sector foreign trade in india

  1. remained constant

  2. decreased

  3. increased

  4. first increased and then decreasd

Show answer
Correct Option: C
Explanation:

The area under irrigation has increased over the years in India, because it has increased to $40$% of the gross cropped area.

Which of the following statements is correct?

economics agriculture sector profile of indian agriculture and agricultural marketing role of agriculture sector foreign trade in india

  1. Under Zamindari system, farmers directly paid land revenue to the state.

  2. At present, income tax revenues from the agriculture sector are negligible.

  3. Commercial banks are providing loans to the agriculture sector at zero interest rates.

  4. None of the above.

Show answer
Correct Option: B
Explanation:

This statement is correct that at present, income tax revenues from the agriculture sector are nil or negligible. Others are wrong because under zamindari system, farmers will pay revenue to state with the help of zamindar and commercial banks are providing loan to the all sector, including agriculture at lower rates not at zero percent.