ECONOMY MCQS SET 96

ECONOMY MCQS SET 96

951) In the context of the food and nutritional security of India, enhancing the 'Seed Replacement Rates' of various crops helps in achieving the food production targets of the future. But what is/are the constraint/constraints in its wider/ greater implementation?
1. There is no National Seeds Policy in place.
2. There is no participation of private sector seed companies in the supply of quality seeds of vegetables and planting materials of horticultural crops.
3. There is a demand supply gap regarding quality seeds in case of low value and high volume crops.
Select the correct answer using the codes given below
A) 1 and 2
B) Only 3
C) 2 and 3
D) None of these
Correct Answer: Only 3
   
952) Which one of the following ministries is implementing the National Bamboo Mission in India?
A) Ministry of Science and Technology
B) Ministry of Rural Development
C) Ministry of Agriculture
D) Ministry of North Eastern Region
Correct Answer: Ministry of Agriculture
   
953) Consider the following statements
1. Rashtriya Krishi Vikas Yojana aims to achieve 4% growth rate in the agriculture and allied sector of Indian Economy during the plan.
2. Rashtriya Krishi Vikas Yojana restricts the states from taking the decision to implement the scheme according to socio-environment conditions of area.
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: Only 1
   
954) Which of the following sentences is/are true about the salient features of National Agricultural Policy?
1. 6% growth rate per annum for the next two decades
2. Consolidation of holdings in all states of the nation
3. Promoting private investments in agriculture
4. To promote biotechnology
5. To provide insurance umbrella for crops to farmers
Choose the right answer using the codes given below
A) 1, 4 and 5
B) 3, 4 and 5
C) 2, 3, 4 and 5
D) All of these
Correct Answer: 2, 3, 4 and 5
   
955) Which of the following are the Components of National Commission on farmers?
1. Soil health enhancement with special focus on dry taming
2. Irrigation water supply augmentation and demand management
3. Credit and insurance facilities like creation of agricultural risk fund
4. Technological reforms in the forms of Proper integration of production and post harvest technologies, development of cadre of Rural Farm Science Managers and lab to-land demonstrations
5. Assured and remunerative marketing
Choose the right answer from the following codes
A) 1, 3 and 5
B) 2 and 4
C) 1, 2, 3 and 4
D) All of the above
Correct Answer: All of the above

956) Purchase or sale of government securities by the Central bank from the general public in the bond market, in a bid to increase or decrease the money supply in the economy is referred to as
A) open market operation
B) rationing of credit
C) variable reserve ratio
D) dear money policy
Correct Answer: open market operation
   
957) Which one of the following statements is correct with reference to FEMA in India?
A) The Foreign Exchange Regulating Act (FERA) was replaced by Foreign Exchange Management Act (FEMA) in the year 2001.
B) FERA was given a sunset clause of one year till 31 st May, 2002 to enable enforcement directorate to complete the inrenttigation of pending issues.
C) Under FEMA, violation of foreign exchange rules has ceased to be a criminal offence.
D) As per the new dispensation, Enforcement Directorate can arrest and prosecute the people for the violation of foreign exchange rule.
Correct Answer: Under FEMA, violation of foreign exchange rules has ceased to be a criminal offence.
   
958) Consider the following statements
1. Indian Depository Receipt is an instrument denominated in Indian rupees in the form of a depository receipt created by the custodian of securities registered with the Securities and Exchange Board of India against the underlying equity of issuing company.
2. Standard Chartered PLC became the first global company to file for an issue of Indian depository receipts in India.
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
   
959) In which one of the following Five Year Plan of the Indian economy did the Security Exchange Board of India (SEBI) make a statutory Institution?
A) Fourth Five Year Plan
B) Fifth Five Year Plan
C) Sixth Five Year Plan
D) Eighth Five Year Plan
Correct Answer: Eighth Five Year Plan
   
960) Consider the following statements
1. Foreign Exchange Management Act (FEMA) was passed in 1991 to replace Foreign Exchange Regulation Act.
2. FEMA serves to make transactions for external trade (exports and imports) easier.
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: Only 2