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Economy Previously Asked Questions: Main Sectors of Indian Economy
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Economy Previously Asked Questions: Main Sectors of Indian Economy
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25 Questions

1. The importance of agriculture in Indian economy is indicated by its contribution to which of the following?
2. Consider the following statements. Small-Scale industries are in most cases not as efficient and competitive as the large-scale ones. Yet the Government provides preferential treatment and reservation in a range of products to the small firms because small scale-industries.
1. Provide higher employment on per unit capital development basis.
2. Promote a regional dispersion of industries and economic activities.
3. Have performed better in export of manufactured products than the large scale ones.
4. Provide jobs to low skill workers who otherwise may not find employment avenues else where. Which of the above statements are correct?
3. Green revolution had the greatest impact on
4. What is/are the recent policy initiative(s) of government of India to promote the growth of manufacturing sector?
1. Setting up of National Investment and manufacturing Zones.
2. Providing the benefits of 'single window clearance'.
3. Establishing the technology acquisition and development fund. Select the correct answer using the codes given below.
5. Who among the following is associated with 'White revolution'?
6. In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?
7. Which one of the following is not the problem of Small Scale Industries (SSIS)?
8. Green Revolution made the country self-sufficient in food production, but had some fallouts. Consider the following statements.
1. It is successful in case of wheat, but not in the case pulses.
2. Brought inter-state disparities.
3. Help in restoring soil fertility.
4. Reduced water table in some states. Select the correct statements from the codes given below.
9. Which among the following is providing least institutional credit to agriculture and allied activities in recent years?
10. Which one of the following is the primary sector of India's economy?
11. Green Revolution is related to
12. Long-term agricultural credit is provided by
13. Which of the following is included in National Food Security Mission
(NFSM)?
14. Public Distribution System is aimed at
15. Which one of the following committees recommended the abolition of reservation of items for the Small Scale Sectors in industry?
16. Actively associated with Green Revolution
17. Shanta Kumar Committee has submitted its report on restructuring of Food Corporation of India (FCI) to Mr. Modi. Read the following recommendations and find the incorrect ones.
1. FCI procurement should focus on the western belt, where farmers get the minimum support price.
2. FCI should hand over the procurement of wheat and rice to four states which include Punjab, Haryana, Andhra Pradesh and Chattisgarh.
3. Proposed uniform tax of minimum 3% and maximum 4% on wheat and rice and the same to be included in the minimum support price.
18. Yellow Revolution is concerned with the production of
19. Following are the statements associated with RAJFED. Choose the correct answer from the codes given below. Statement A: RAJFED is working in the state to make available HYV seeds, fertilizers and pesticides to farmers at fair prices. Statement B: RAJFED is working in the state to ensure fair prices to farmers for their crops. Statement C: RAJFED is working in the state as apex development bank for agriculture.
20. Which of the following agencies is not engaged in exporting agricultural goods from India?
21. NAFED is connected with
22. Concept of 'Joint Sector' for industrial development of India was envisaged in Industrial Policy Resolution of
23. Since 1997-98 which statement is correct regarding Minimum Support Price (MSP)?
24. Which of the following are the objectives of the commission for Agricultural costs and prices
(CACP)?
1. To stabilise agricultural prices.
2. To ensure meaningful real income levels to the farmers.
3. To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates though public distribution system.
4. To ensure maximum price for the farmer. Choose the corret answer from the codes given below. Code
25. Public procurement of food grains at support prices insures the following.
1. Stability in farm prices
2. Remunerative prices to the farmers
3. Building food stocks for public distribution Which of the above statements are correct?