ECONOMY MCQS SET 56

ECONOMY MCQS SET 56

551) The Government has undertaken grading and standardization of various agricultural products through the:
A) Food Corporation of India
B) Directorate of Marketing and Inspection
C) Indian Standards Institution
D) Central Statistical Organization
Answer:  Directorate of Marketing and Inspection
   
552) The latest information about agricultural markets is collected and published by the:
A) Food Corporation of India
B) Directorate of Economics and Statistics
C) National Council of Applied Economic Research
D) Indian Statistical Institute
Answer:  Directorate of Economics and Statistics
   
553) Gross Environment Product (GEP) measures a state's natural resources. Which of the following is not one of the elements in the annual update used to measure GEP?
A) Forests
B) Rivers
C) Industries
D) Soil
Answer:  Industries
  
554) According to the "Aggregate Measurement of Support" (AMS) formula of WTO domestic subsidy for agriculture shall not exceed ....%
A) 5
B) 7
C) 10
D) 20
Answer:  10
   
555) According to WTO for agricultural commodities which are not significantly imported, a minimum market access of ....% of consumption demand has to be given by developing countries.
A) 1
B) 2
C) 3
D) 5
Answer:  3

556) The 'Greening of the East' refers to
A) fodder cultivation in Eastern India
B) intensive forestry development of Andaman Nicobar
C) agricultural development in East European countries
D) spread of Green Revolution to non-traditional areas of Eastern India
Answer:  spread of Green Revolution to non-traditional areas of Eastern India
   
557) Which of the following is not one of the features of the Special Economic Zones (SEZ) being set up for promoting exports?
A) The SEZ area will be treated as foreign territory for trade operations, duties and tariff
B) No license is required for import into the zone.
C) Foreign workers will be allowed free entry without visa restrictions.
D) There will be no routine examination by customs authorities of import/export cargo.
Answer:  Foreign workers will be allowed free entry without visa restrictions.
   
558) The abnormal increase in buffer stock of FCl in recent times is due to:
A) a series of bumper harvest
B) procurement prices are above market prices
C) additional storage facility created by FCI
D) transport bottlenecks in wheat producing regions
Answer:  procurement prices are above market prices
   
559) The concept of 'Green Economy' in the context of
Rio+2O has the following features:
1. It seeks to calculate the economic growth by taking into account the cost of depletion of natural capital.
2.It takes into account the price of waste pollution.
3. lt argues for a halt to development as it causes environmental degradation.
4. 1,2 and 3 above.
Select the correct answer from the codes given below:
A) 4 only
B) 1 and 3 only
C) 2 and 3 only
D) 1 and 2 only
Answer:  1 and 2 only
   
560) Which one of the following is not one of the programs under the l2th Plan?
A) State sector programme
B) National sector programme
C) Central sector programme
D) Centrally sponsored programme
Answer:  National sector programme