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This set of Indian Economy Multiple Choice Questions & Answers (MCQs) focuses on Natural Resources and Other Facts of Indian Economy Set 3

Q1 | Which State produces maximum pulses in the country?
  • Madhya Pradesh
  • Uttar Pradesh
  • Odisha
  • Maharashtra
Q2 | Which state produces maximum Soyabean?
  • Madhya Pradesh
  • Uttar Pradesh
  • Bihar
  • Rajasthan
Q3 | What percentage of country's demand for natural rubber is met by indigenous production:
  • 80%
  • 97%
  • 86%
  • 100%
Q4 | Buffer stocks of foodgrains have helped the Government to achieve all but one of the following:
  • solve food problem
  • maintain Public Distribution System
  • implement employment generation programmes
  • provide balanced diet to masses
Q5 | Consider the following statements: [IAS 2004] 1. Regarding the procurement of foodgrains, Government of India follows a procurement target rather than an open-ended procurement policy 2. Government of India announces minimum support price only for cereals 3. For distribution under Targeted Public Distribution System (TPDS)wheat and rice are issued by the Government of India at uniform central issue prices to the States/Union Territories Which of the statements given above is/are correct?
  • 1and 2
  • 2 only
  • 1and 3
  • 3 only
Q6 | Consider the following statements : [IAS 2004]India continues to be dependent on imports to meet the requirement of oilseeds in the country because: 1. farmers prefer to grow food grains with highly remunerative support prices 2. most of the cultivation of oilseed crops continues to be dependent on rainfall 3. oils from the seeds of tree origin and rice bran have remained unexploited 4. it is far cheaper to import oilseeds than to cultivate the oilseed crops Which of the statements given above are correct?
  • 1 and 2
  • 1, 2 and 3
  • 3 and 4
  • 1, 2, 3 and 4
Q7 | India is said to be in the second stage of the demographic transition because:
  • both birth and death rates are high
  • birth rate is high but -death rate is declining due to improvement in healthy services
  • death rates and birth rates are declining sharply
  • none of the above
Q8 | Which arrangement of the following would show the correct sequence of demographic transition as typically associated with economic development? 1. high birth rate with high death rate 2. birth rate with low death rate 3. high birth rate with low death rate
  • 1, 2, 3
  • 1, 3, 2
  • 3, 1, 2
  • 2, 1, 3
Q9 | Which of the following statements regarding wheat production is/a reincorrect? 1. Maximum area under wheat is in Uttar Pradesh 2. Maximum production is in Uttar Pradesh 3. Highest productivity is from Haryana
  • 1 and 3
  • 2 only
  • 1 and 2
  • 3 only
Q10 | The 'Uruguay Round' negotiations resulted in the establishment of: [Asstt Comm 2008]
  • NATO
  • OECD
  • WHO
  • WTO
Q11 | India is a member of which of the following? 1. Asian Development Bank 2. Asia-Pacific Economic Cooperation 3. Colombo Plan 4. Organization for Economic Cooperation and Development (OECD) Select the correct answer using the code given below: [IAS 2008]
  • 1 and 3 only
  • 2 and 4 only
  • 1, 2 and 3 only
  • 1, 2, 3 and 4
Q12 | Consider the following statements: 1. The agreement on South Asian Free Trade Area (SAFTA)came into effect from 1st December, 2005. 2. As per SAFTA agreement terms, India, Pakistan and Sri Lanka have to decrease their custom duties to the level of 0 to 5 percent by the year 2013. Which of the statements given above is/are correct? [IAS 2006]
  • 1 only
  • 2 only
  • Both 1 and 2
  • Neither 1nor 2
Q13 | Which one of the following countries is not a member of ASEAN? [IAS 2006]
  • Vietnam
  • Brunei Darussalam
  • Bangladesh
  • Myanmar
Q14 | With reference to Union Government, which one of the following undertake the country-wide Economic Census? [Asstt Comm 2008]
  • Department of Expenditure
  • The National Sample Organization
  • Planning Commission
  • The Central Statistical Organization
Q15 | In which year was 'Rajiv Gandlii Grameen Vidyutikaran Yojana' launched? [Asstt Comm 2008]
  • 2004
  • 2005
  • 2006
  • 2007
Q16 | India is self-sufficient in production of which of the following commodities? [RBI Grade B Officer 2011]
  • Edible oil
  • Milk
  • Pulses
  • Natural gas
Q17 | What does S & P 500 relate to? [IAS 2008]
  • Supercomputer
  • A new technique in e-business
  • A new technique in bridge building
  • An index of stocks of large companies
Q18 | Which one amongst the following has the largest livestock population in the world? [IAS 2008]
  • Brazil
  • China
  • India
  • USA
Q19 | Basel II relates to which one of the following? [IAS 2007]
  • International standards for safety in civil aviation
  • Measures against cyber crimes
  • Measures against drug abuse by sportspersons
  • International standards for measuring the adequacy of a bank's capital
Q20 | Tarapore Committee was associated with which one of the following? [IAS 2007]
  • Special Economic Zones
  • Fuller capital account convertibility
  • Foreign exchange reserves
  • Effect of oil-prices on the Indian economy
Q21 | A National Development Fund was created by the Govt. of India a few years ago. What was the purpose of the fund? [Punjab & Sindh Bank 2011] (A) Boost investment inĀ· social sector projects to promote education, healthcare and employment. (B) Capital investments in selected profitable PSEs to yield adequate returns (C) To fund revision in pay structure of central Govt. employees.
  • Only A
  • Only B
  • Only C
  • Both A & B
Q22 | The best indicator of economic growth of any country is:
  • Agriculture
  • Transport
  • Gross Domestic Product
  • Population
Q23 | In agricultural sector net value added is estimated by
  • Income method
  • Expenditure method
  • Production method
  • All the three
Q24 | National income is
  • NDP at factor cost
  • NNP at factor cost
  • GNP at market prices
  • NNP at market prices
Q25 | To get the Net National Product, what is deducted from the Gross National Product:
  • Direct Taxes
  • Imports
  • Interim payments
  • Depreciation