Top 150+ Solved Indian and Global Economic Development MCQ Questions Answer
Q. Arrange in the right order the contribution of sectors to the GDP from highestto lowest.
a. Agriculture, manufacturing, tertiary
b. Agriculture, tertiary, manufacturing
c. Tertiary, manufacturing, agriculture
d. Manufacturing, tertiary, agriculture
Q. The financial year in India is
a. April 1 to March 31
b. January 1 to December 31
c. March 1 to April 30
d. March 16 to March 15
Q. Economic growth in India will happen necessarily if there is
a. Population growth
b. Capital formation
c. Technical progress in the global economy
d. All the above
Q. An open economy is one where
a. Deficit financing is absent
b. No export activities
c. No import activities
d. Economy opened to the world
Q. Indian agriculture is typically characterized as?
a. land surplus, labour scare economy
b. land surplus, labour surplus economy
c. land scare, labour surplus economy
d. land scare, labour scare economy
Q. The National Bank for Agriculture and Rural Development (NABARD) wasestablished in the year?
a. 1970
b. 1975
c. 1977
d. 1982
Q. NABARD (National Bank for Agriculture and Rural Development) was established inthe?
a. Fourth Five Year plan
b. Fifth Five Year plan
c. Sixth Five Year plan
d. Eighth Five Year plan
Q. Which Indian state produces the largest quantity of pulses?
a. Maharashtra
b. Uttar Pradesh
c. Madhya Pradesh
d. Rajasthan
Q. Which agency is responsible for procurement, distribution and storage of food grainproduction in India?
a. Ministry of Agriculture
b. Food Corporation of India
c. C. NAFED
d. TRIFED
Q. Who regulates the markets in agricultural products in India?
a. Essential Commodities Act, 1955
b. Agricultural Produce Market Committee (APMC) Act enacted by States
c. Agricultural Produce (Grading and Marking) Act, 1937
d. Food Products Order, 1956 and Meat and Food Products Order, 1973