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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 2

Q1 | Which of the following is wrongly matched?
  • National Institute of Animal Genetics – Karnal
  • Indian Institute of Sugarcane Research – Lucknow
  • Central Institute of Coastal Engineering for Fisheries – Bangalore
  • Central Duck Breeding Farm – Chikmagalur
Q2 | Why is agricultural productivity in India low both on the basis of per worker and perhectare of land? 1. pressure of population on land 2. large landholdings in few hands 3. high capital base 4. dominance of subsistence farming
  • 1, 2 and 3
  • 2, 3 and 4
  • 1, 3 and 4
  • 1 and 4
Q3 | Which of the following statements regarding Indian agriculture is correct?
  • It contributes nearly 25 per cent of the GDP
  • India has the least area in the world under pulse crops
  • The share of foodgrains in gross cropped area has increased since independence
  • Agriculture accounts for twenty per cent of India's exports
Q4 | Agricultural marketing in India has certain defects which do not include:
  • inadequate transport facilities
  • lack of standard measures and weights
  • agricultural produce not being properly graded
  • insufficient price incentives by the government
Q5 | The area under cultivation is declining fast in the case of:
  • cotton
  • sugarcane
  • jute
  • tea
Q6 | The book Wealth of Nations' was written by:
  • Eric Roll
  • J.M. Keynes
  • Adam Smith
  • Harold Laski
Q7 | Gadgil Formula refers to the allocation of:
  • market borrowings between the States
  • Central Plan assistance between the States
  • tax proceeds between the States
  • foreign aid between the Centre and States
Q8 | Who is regarded as the founder of the scientific Socialism? [NDA 1993]
  • Rousseau
  • Karl Marx
  • Engels
  • Lenin
Q9 | What is Laissez-faire? [I. Tax & Central Excise 1989]
  • Mixed economy
  • Controlled economy
  • Non-interference· of Government in economic affairs
  • None of these
Q10 | India's economic zone extends ______ miles off its coast:
  • 100
  • 150
  • 200
  • 250
Q11 | From the view of International economy, Third World implies:
  • the developed countries
  • the developing countries
  • block led by U.S.A., U.K. etc.
  • None of these
Q12 | World Bank is a body: [Asstt Grade 1994]
  • of non-official, generous individuals
  • that controls worldwide foreign exchange operations
  • of major banks operating in different countries
  • that gives aid to developing countries
Q13 | In which one of the following countries is Rupee its currency? [IAS 2003]
  • Bhutan
  • Malaysia
  • Maldives
  • Seychelles
Q14 | Which of the following statements are correct? 1. Aircrafts of Air India plying between Sri Lanka and Bangladesh are a part' of domestic territory of India 2. Premises of the German embassy in Pakistan is international territory 3. A Japanese working for the WHO office located at New Delhi is a normal resident of Japan 4. An American teacher employed in the American School in India for three years is a normal resident of India
  • 1 and 2
  • 3 and 4
  • 1 and 3
  • 2 and 4
Q15 | Which one of the following categories of workers is termed as cultivators? [CPO SI 2010]
  • Those who own land and cultivate
  • Those who lease in land and cultivate
  • Those who cultivate the land of others
  • Those who own land and lease in from others or institutions and cultivate
Q16 | Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under micro-finance is/are: 1. Credit facilities 2. Savings facilities 3. Insurance facilities 4. Fund Transfer facilities Select the correct answer using the codes given below the lists: [CSAT 2011]
  • 1 only
  • 1 and 4 only
  • 2 and 3 only
  • 1, 2, 3 and 4
Q17 | India is regarded as a country with "Demographic Dividend". This is due to [CSAT 2011]
  • Its high population in the age group below 15 years
  • Its high population in the age group of 15-64 years
  • Its high population in the age group above 65 years
  • Its high total population
Q18 | Consider the following statements: 1. The number of post offices in India is in excess of 1.5 lakhs. 2. Bharat Sanchar Nigam Limited (BSNL) was formed in the year 1997. 3. Telecom Regulatory Authority of India (TRAI) was established in the year2000. Which of the statements given above is/are correct? [IAS 2005)
  • 1, 2 and 3
  • 1 and 2
  • 1 only
  • 3 only
Q19 | Which' day is celebrated as 'National Consumer Right Day?
  • 24th September
  • 24th October
  • 24th November
  • 24th December
Q20 | Which of the following gives the maximum production of edible oil?
  • Groundnut
  • Mustard
  • Rapeseed
  • Sunflower
Q21 | Ad Valorem means:
  • according to value
  • according to weight
  • according to size
  • according to advertisement costs
Q22 | Which State stands first in the length of roads in the country?
  • Maharashtra
  • Uttar Pradesh
  • Madhya Pradesh
  • Rajasthan
Q23 | Who is the originator of Green Revolution in India?
  • Norman E. Borlaug
  • M.S. Swaminathan
  • Garry Backer
  • None of these
Q24 | What is Green Gold?
  • Tea
  • Coffee
  • Gold
  • Rice
Q25 | 'Conditionality' of an IMF loan to a member country stands for: [Asstt Grade 1994]
  • interest and repayment terms of the loan
  • an assessment of the credit worthiness of the borrower
  • schedule of disbursement of loan installments
  • the policy steps which the borrower country must take