ECONOMY MCQS SET 94

ECONOMY MCQS SET 94

931) In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?
A) Microfinance institutions
B) Regional Rural Banks
C) Cooperative Banks
D) Commercial Banks
Correct Answer: Commercial Banks
   
932) An objective of the National Food Security Mission is to Increase the production of certain crops through area expansion and productivity enhancement in a sustainable manner in the identified districts of the country. What are these crops?
A) Rice and Wheat
B) Rice, wheat and pulses
C) Rice, wheat, pulses and oilseeds
D) Rice, wheat, pulses, oilseeds and vegetables
Correct Answer: Rice, wheat and pulses
   
933) Swaroop Committee is associated with
A) financial products marketing
B) sugar marketing
C) banking
D) capital marketing
Correct Answer: financial products marketing
   
934) Consider the following statements
1. The Union Government fixes the Statutory Minimum Price of sugarcane for each sugar season.
2. Sugar and sugarcane are essential commodities under the Essential Commodities Act.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Both 1 and 2
   
935) Indian agriculture is typically characterised as
A) land surplus and labour scarce economy
B) land surplus and labour surplus economy
C) land scarce and labour surplus economy
D) land scarce and labour scarce economy
Correct Answer: land scarce and labour surplus economy

936) Consider the following reasons
1. Lack of irrigation facilities, low productivity of land.
2. Single crop mode of cultivation.
3. Indian agriculture's dependence on the monsoon.
Which of the reasons given above is/are responsible for the migration of people from rural to urban areas for the search of livelihood in Indian economy?
A) 1, 2 and 3
B) 1 and 3
C) 2 and 3
D) Only 2
Correct Answer: 1, 2 and 3
   
937) Which one of the following committees recommended to establish the National Bank for Agriculture and Rural Development (NABARD) in India?
A) Narsimham Committee
B) Chakrovarti Committee
C) Abhijit Sen Committee
D) Shivaraman Committee
Correct Answer: Shivaraman Committee
   
938) With reference to agricultural sector of India, consider the following statements
1. Rural Infrastructure Development Fund disperses loans to the states to complete the minor irrigation projects.
2. Rural Infrastructure Development Fund is managed by the public sector commercial banks.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither nor 2
Correct Answer: Only 1
   
939) The substitution of steel for wooden plough in agricultural production is an example of
A) labour augmenting technical progress.
B) capital Augmenting technical progress
C) capital reducing technological progress
D) None of the above
Correct Answer: capital Augmenting technical progress
   
940) Which of the following best describes the main objective of Seed Village Concept?
A) Encouraging the farmers to use their own farm seeds and discouraging them to buy the seeds from others.
B) Involving the farmers for training in quality seed production and thereby to make available quality seeds to others at appropriate time and affordable cost.
C) Earmarking some villages exclusively for the production of certified seeds.
D) Identifying the entrepreneurs in villages and providing them technology and finance to set up seed companies.
Correct Answer: Involving the farmers for training in quality seed production and thereby to make available quality seeds to others at appropriate time and affordable cost.