Tag: the state of the indian economy on the eve of independence

Questions Related to the state of the indian economy on the eve of independence

Which of the following is the apex bank for agriculture credit in India?

economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

  1. NABARD

  2. SIDBI

  3. REC

  4. KRIBHCO

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Correct Option: A

Which of these are not included in territory sector?

economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

  1. Banking

  2. Insurance

  3. Agriculture

  4. Transport

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Correct Option: C

In India poor agriculture growth is attributed to _____.

economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

  1. income land reforms

  2. lack of adequate cheap finance

  3. orthodox technology

  4. all the three

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Correct Option: D

Agriculture in India is witnessing _______.

economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

  1. slow and uneven growth

  2. fast and uneven growth

  3. slow and even growth

  4. fast and even growth

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Correct Option: A

Agriculture has _______ Capital - Output Ratio.

economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

  1. low

  2. high

  3. moderate

  4. nothing can be said

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Correct Option: A

 In pursuance with the recommendations of Narasimha Committee-$1$, select the correct one/ones, using the code given below:
1. Priority sector lending compulsions of the banks operating in India has been revised by making many items out of it.
2. The Government of India continues to borrow the SLR money from the banks but pays market-based interest rates on them. 

economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

  1. Only 1

  2. Only 2

  3. 1 and 2

  4. Neither 1 or 2

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Correct Option: D
Explanation:

The Government has not followed the concerned adv ices of the Commission though the priority sector has been redefined some new items have been added to it in place of making some out. Similarly. the Government still borrows bank money at non-market-based interest rates. It is believed that the purpose of social banking is still required for the proper levels of socio-economic development in India.

Which of the following schemes of the Govt of India is planned to help farmers by providing a competitive price to their produce?
(A) Minimum support price of agro products
(B) Creating buffer stock of food grains
(C) Making loans available to them on special and subsidized rates of interest

economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

  1. Only A

  2. Only B

  3. Only C

  4. All A, B and C

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Correct Option: A
Explanation:

Minimum Support Price or MSP is to support the farmers to earn the basic profits for their crops. It is the price set by the government at which they buy the food grains from the farmers so that they dont need face losses due to lower market prices.  

Which of the following items does not come in the primary article's group?

economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

  1. Onion

  2. Bajra

  3. Urad

  4. Milk

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Correct Option: D

Government normally does not announce the support price of ______.

economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

  1. wheat

  2. paddy

  3. mango

  4. sugarcane

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Correct Option: C

The Food Corporation of India's main functions are __________.

economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

  1. To purchase, store, transport and help in the sale of foodgrain

  2. Distribution of quality seeds

  3. To restrict consumption of foodgrains and change food habits

  4. To set up or assist in the setting up of rice mills and flour mills

Show answer
Correct Option: A
Explanation:

The Food Corporation of India was established under the Food Corporation's Act 1964. The major purpose and areas of functioning of this governmental organization is to purchase food grains at the set MSP, storing the food grains so that national food security is maintained and to provide assistance to the farmers in selling their crops.