Competitive Exams: Economics MCQs (Practice-Test 35 of 122)

  1. Recent estimates have indicated that Indian agriculture as been somewhat stagnant in the first half of the 90's, the main reason being

    1. that there has been not further scope for extensive cultivation.

    2. the inelastic nature of agricultural product prices

    3. degradation of land due to over utilization of complementary resources

    4. fewer breakthroughs in technological innovation in the field of agriculture.

  2. Which of the following component (s) form (s) part of the new agricultural strategy in India?

    1. package of new inputs

    2. Greater cropping intensity

    3. Emphasis on land reforms

    Select the correct answer using the codes given below:

    Codes:

    1. 1 alone

    2. 1 and 2

    3. 2 and 3

    4. 1 and 3

  3. Proportion of net area irrigated to net sown area is nearly less than 30% in many states in India while it is nearly 93% in Punjab because of

    1. inadequate efforts by the concerned states to harness the irrigation potential

    2. inadequate exploitation of ground water potential

    3. uneconomic nature of exploitation of ground water and surface water potential

    4. inadequate finances

  4. Consider the following factors:

    1. Mounting over dues with the societies

    2. Misutilisation of loans by the beneficiaries

    3. Inadequate grants from the government

    4. Rising establishment costs of the societies

    Those considered responsible for the poor performance of cooperatives in the rural sector of the economy would include

    1. 1, 2 and 4

    2. 2, 3 and 4

    3. 1, 2 and 3

    4. 1, 3 and 4

  5. Match List I (Programme) with List II (Employment generation) and select the correct answer using the codes given below the lists:

    List-I List-II
    1. PMRY

    2. EAS

    3. NRY

    4. JRY

    1. Urban areas through micro-enterprises

    2. Rural areas

    3. Urban areas

    • A
    • B
    • C
    • D
      • 1
      • 2
      • 2
      • 3
      • 2
      • 1
      • 3
      • 3
      • 1
      • 2
      • 3
      • 2
      • 2
      • 3
      • 1
      • 2
  6. At present, the share of agriculture in the total GDP of India is nearly

    1. 50%

    2. 40%

    3. 30%

    4. 20%

  7. Which of the following factors are largely responsible for industrial sickness in India?

    1. Faulty planning

    2. Mismanagement

    3. Inadequate equity capital

    4. Outdated technology.

    Select the correct answer using the codes given below:

    Codes:

    1. 1, 2 and 3

    2. 2, 3 and 4

    3. 1, 2 and 4

    4. 1, 3 and 4

  8. Consider the following financial institutions:

    1. IFCI

    2. UTI

    3. GIC

    4. ICICI

    The correct chronological order in which they came into existence is

    1. 1, 4, 3, 2

    2. 4, 1, 2, 3

    3. 4, 1, 3, 2

    4. 1, 4, 2, 3

  9. The base year of the sensitive index of Bombay Stock exchange is

    1. 1985 − 86

    2. 1980 − 81

    3. 1978 − 79

    4. 1970 − 71

  10. an employment situation where the marginal productivity of agricultural labour is zero is known as

    1. structural unem0ployment

    2. seasonal unemployment

    3. cyclical unemployment

    4. disguised unemployment

  11. Consider the following sources of data:

    1. Bureau of Statistics and Economics of states

    2. Decennial census

    3. National Sample survey Reports

    4. Employment exchanges

    The main sources of data on unemployment in India would include

    1. 1, 2, 3 and 4

    2. 1 and 4

    3. 2 and 3

    4. 1, 3 and 4

  12. Which of the following reasons would account for India's less than 1% share in the two trade in agricultural commodities?

    1. High domestic demand for agricultural commodities

    2. Poor quality of the agriculture commodities in relation what is sought in international markets

    3. Low marketable surplus

    4. High perishability of agricultural commodities

    Select the correct answer using the codes given below:

    1. 1, 2 and 3

    2. 1 and 2

    3. 1, 3 and 4

    4. 2 and 4

  13. Consider the following statement: Exports of India

    1. are confined only to a few items.

    2. are spread over several commodity groups.

    3. have shown structural changes in their composition in recent years.

    Of these statements

    1. 1 and 3 are correct

    2. 1 alone is correct

    3. 2 alone is correct

    4. 2 and 3 are correct

  14. consider the following economic events in India:

    1. Green revolution

    2. announcement of socialistic pattern of society as a goal of economic planning.

    3. First devaluation of India rupee

    4. Indian Census Act

    The correct chronological sequence of these events is

    1. 3, 4, 2, 1

    2. 4, 3, 2, 1

    3. 4, 3, 1, 2

    4. 3, 4, 1, 2

  15. Which of the following would facilitate combating inflation in India?

    1. Better capacity utilisation

    2. education in budgetary deficit

    3. Increase in exports

    4. More efficient public distribution system

    Select the correct answer using the cods given below:

    Codes:

    1. 1, 2, 3 and 4

    2. 2 and 3

    3. 1, 2 and 4

    4. 1 and 4