Economy – WBCS Main – Short Test – 24


Economy – Short Test – 24

Total No. of Questions : 20

Total Marks : 20

Time : 15 min

Negative Marks : 1/3 or (- 0.33)

Result & all questions and answers will appear after you submit the test.

Under the Kisan Credit Card Scheme, short-term credit support is given to farmers for which of the following purposes ?

1. Working capital for maintenance of farm assets

2. Purchase of combine harvesters, tractors and mini trucks

3. Consumption requirements of farm households

4. Construction of family house and setting up of village cold storage facility

Select the correct answer using the code given below:

In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India ?

The mineral in which India depends largely on imports is

National Agricultural Insurance Scheme was implemented on

What was the main objective of Green Revolution in India ?

Contribution of agriculture to Gross National Products is approximately

The thrust of land reforms in India has been in respect of the three aspects of the agrarian system which are

The New Industrial Policy in India was announced in 2 phases

Under the Monopolies and Restrictive Trade Practices Act (MRTP Act)1969, those firms were classified as monopolies or MRTP firms which have

In which sector, the Public Sector is most dominant in India ?

In India, the State Financial Corporation have given assistance mainly to develop

‘Globalisation of Indian economy’ means :

For India, the government has taken the following measures for improving the conditions of agricultural workers

Indian farmers insurance against crop failure is the process of one of the major methods of risks coverage by Indian farmers in

What is the mainstay of Indian economy ?

Consider the following statements:

1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI).

2. The WPI does not capture changes in the prices of services, which CPI does.

3. Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates.

Which of the statements given above is/are correct ?

Consider the following statements:

1. In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Prices (MSP) is unlimited in any State/UT of India.

2. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise.

Which of the statements given above is/are correct ?

With reference to the Indian Economy, consider the following statements:

1.’Commercial Paper’ is a short term unsecured promissory note.

2. ‘Certificate of Deposit’ is a long-term instrument issued by the Reserve Bank of India to a corporation.

3. ‘Call Money’ is a short term finance used for interbank transactions.

4. ‘Zero-Coupon Bonds’ are the interest bearing short term bonds issued by the Scheduled Commercial Banks to corporations.

Which of the statements given above is/are correct ?

Consider the following statements:

1. The value of Indo-Sri Lanka trade has consistently increased in the last decade.

2. “Textile and Textile articles” constitute an important item of trade between India and Bangladesh.

3. In the last five years, Nepal has been the largest trading partner of India in South Asia.

Which of the statements given above is/are correct ?

In India, which of the following can be considered as public investment in agriculture?

1. Fixing Minimum Support Price for agricultural produce of all crops.

2. Computerization of Primary Agricultural Credit Societies.

3. Social Capital Development.

4. Free Electricity supply to farmers.

5. Waiver of agricultural loans by the banking system.

6. Setting up of cold storage facilities by the government.

Select the correct answer using the code given below:

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