ECONOMY MCQS SET 55

ECONOMY MCQS SET 55

541) Consider the following statements in respect of the Comptroller and Auditor General (CAG):
1. CAG is appointed by the President of India and can be removed only on grounds and procedure similar to those of a Supreme Court Judge
2. The form in which accounts of the centre and states are to be kept is prescribed by CAG.
3. Reports on the accounts of the states are Submitted to the President who shall cause these to be placed before the Parliament
A) 1, 2 and 3
B) 1 and 2
C) 2 and 3
D) 1 and 3
Answer:  1 and 2
   
542) NABARD's primary role is:
A) to provide term loans to state cooperative banks
B) to assist state governments for share capital contribution
C) to act as a re-finance institution
D) all of these
Answer:  all of these
   
543) Commercial banks finance rural credit directly and through
A) NABARD
B) Rural Banks
C) Cooperative societies
D) State government
Answer:  Rural Banks
   
544) Which of the following in respect of Indian agriculture is not correct?
A) India is the third largest producer of chemical fertilizers
B) India is the second largest producer of vegetables
C) India is the largest producer of coconuts
D) India is the largest producer mango, banana cheek and acid lime.
Answer:  India is the largest producer of coconuts
   
545) Consider the following statements:
1. The Central Statistical Organization (CSO) is responsible for calculating the consumer price indices for urban non-manual employees.
2. National Sample Survey Organization (NSSO) collects data for estimating national income.
3. NSSO collects rural retail price on monthly basis for calculating Consumer Price Index.
4. CS0 conducts periodic economic census to collect data on unorganized enterprises.
which of the following statement/s is/are correct?
A) 1,2,3 and 4
B) 2 and 4
C) 1,3 and 4
D) 3 and 4
Answer:  1,2,3 and 4

546) Which of the following is not an inclusion criteria' for BPL survey of urban areas?
A) Place of residence
B) Type of roof
C) Social vulnerability
D) Occupational vulnerability
Answer:  Type of roof
  
547) The objective of agricultural price policy is:
A) to ensure that the producer gets a remunerative price
B) to maintain a reasonable terms of trade between agricultural and non-agricultural sectors
C) to protect the non-producing consumer
D) all of these
Answer:  all of these
   
548) The agency charged with the responsibility of buffer stocking is:
A) Food Corporation of India
B) Commission for Agricultural Costs and Prices
C) National Cooperative Union of India
D) Central Warehousing Corporation of India
Answer:  Food Corporation of India
   
549) Which country had the largest share of FDI in India during the last decade?
A) Mauritius
B) USA
C) Japan
D) UK
Answer:  USA
   
550) Land Development Banks form a part of the
A) commercial banks
B) Industrial Development Bank of India
C) Food Corporation of India
D) cooperative credit structure
Answer:  cooperative credit structure