Natural Resources and Other Facts of Indian Economy Set 1 MCQs

Q1 | GDR means:

'gross domestic ratio' which is a macro aggregate

'global depository receipt' which is the mechanism to raise funds from international market

'global development range' which has been set up by UNO for developing countries

'geographically developed regions' as defined by the UNDP

Q2 | The Green Revolution has led to : 1. spurt in all foodgrains production 2. increase in regional inequalities 3. reduction in inter-personal inequalities within a region 4. good production in wheat

1 and 3

1, 2 and 3

2, 3 and 4

2 and 4

Q3 | The success of the Green Revolution does not require:

adequate irrigation facilities

availability of high yielding seeds

pesticides and chemical fertilizers

large scale mechanization

Q4 | NAFED is concerned with: 1. promotion of inter-state and export trade of farm produce 2. import of foodgrains for buffer stocking and public distribution 3. marketing of eggs and poultry' at national level 4. movement of consumer goods from surplus areas to scarcity areas

1 and 2

1, 2 and 3

3 and 4

1, 3 and 4

Q5 | The 'Year of Great Divide' refers to:

rapid growth rate in population after 1921

the declining sex ratio after 1921

the slow-down in death rate after 1921

all the above

Q6 | The increase in agricultural production is due to: 1. increase in area under crops 2. improvement in yield 3. improvement in cropping pattern 4. effective implementation of land reforms

1 and 3

1 and

1, 2 and 3

1, 2, 3 and 4

Q7 | In India the co-operative movement was initiated in the sector of :

farming

consumer goods production

agricultural credit

marketing of agricultural products

Q8 | The ideal average NPK ratio aggregated for the country as a whole is :

4 : 2 : 1

2 : 4 : 1

4 : 1 : 2

4 : 3 : 2

Q9 | Which neighbouring country has objections on Indian Baglihar Hydro-electric Project?

Nepal

Bhutan

Bangladesh

Pakistan

Q10 | Oil Pool Deficit is a deficit: 1. in the balance of payments 2. that the government owes to the world bank 3. in the oil pool account 4. that the government owes to the oil companies Choose your answer from:

1 and 3

2 and 3

3 and 4

2 and 4

Q11 | Who among the following have been the Union Finance Ministers of India? 1. V. P. Singh 2. R. Venkataraman 3. Y. B. Chavan 4. Pranab Mukherjee Select the correct answer using the code given below: [IAS 2007]

1, 2 and 3 only

1, 3 and 4 only

2 and 4 only

1, 2, 3 and 4

Q12 | Which one of the following is the correct sequence in the decreasing order of production (in million tonnes) of the given foodgrains in India? [IAS 2007]

Wheat - Rice Pulses Coarse cereals

Rice – Wheat cereals

Wheat - Rice - Coarse cereals Pulses

Rice - Wheat - Coarse cereals Pulses

Q13 | Consider the following statements: 1. Appellate Tribunal for Electricity has been established by each State Government in India. 2. One of the components of the Accelerated Power Development and Reforms Programme (APDRP) is upgradation of sub-transmission and distribution system for electricity in India. Which of the statements given above is/are correct? [IAS 2006]

1 only

2 only

Both 1 and 2

Neither 1 nor 2

Q14 | In which one of the following countries, the rate of Income Tax is highest? [Punjab & Sindh Bank 2011]

US

China

Japan

UK

Q15 | Which of the following is NOT a programme / agency of the Union Ministry of Finance? [Punjab & Sindh Bank 2011]

Investor Education and Protection Fund (IEPF)

National Foundation for Corporate Governance (NFCG)

Serious Frauds Investigation Office (SFIO)

Investment Commission

Q16 | Labour legislations in India have an important dimension of protection of women from exploitation. Some special provisions are made for women in the work place. Which of the following is NOT one such special provision? [Punjab & Sindh Bank 2011]

Equal pay for work of equal value

Maternity protection

Creche facility at the work place for infants

No night shifts

Q17 | Many a times we read about the priority sector in newspapers. Which of the following is/are considered segment(s) of Priority Sector in India? [Punjab & Sindh Bank 2011] (A) Agriculture (B) Small Scale Industry (C) Textile Industry

Only A

Only B

Only C

All A, B & C

Q18 | Ever greening of patents is done by [CDS 2011]

citing another use of the same product

citing another process of forming the same product

applying for extension of patent term

citing another product with same use

Q19 | In which one of the following activities percentage share of cooperative sector is the highest? [Corporation Bank PO 2011]

Agricultural Credit disbursement

Sugar production

Wheat procurement

Fertilizer distribution

Q20 | In India, which of the following is regulated by the Forward Markets Commission? [IAS 2010]

Currency Futures Trading

Commodities Futures Trading

Equity Futures Trading

Both Commodities Futures and Financial Futures Trading

Q21 | Which of the following is/are commodity/ies on which subsidy is given to farmers/poor inIndia? [SBI Ass PO 2011] (A) Fertilizer (B) Kerosene (C) LPG

Only A

Only B

Only C

Only A & B

Q22 | A person returning from abroad can retain foreign currency up to what period? [Haryana Gr Bank PO 2011]

60 days

30 days

90 days

180 days

Q23 | Which one of the following is different from the others from the point of view of ownership? [UP PCS 2011]

LIC Policy

Bank Fixed Deposit

Kisan Vikas Patra

Debenture of a Company

Q24 | The main source of fund for the National Highway Authority of India is [UP PCS 2011]

Cess

Foreign assistance

Market borrowings

Budgetary support Government of Union

Q25 | More than one-third of the crude steel production of the world comes from [UP PCS 2011]

China

Japan

Russia

U.S.A.