Test: Indian Economy - 2 - CA Foundation MCQ

the standard of living of people is low and productivity is also considerably low.

agriculture is the main occupation of the people and productivity in agriculture is quite low.

the production techniques are backward.

all of the above.

Agriculture occupies 10 per cent population of India.

Nearly 5 per cent population of India is below the poverty line.

The production techniques are backward.

None of the above.

The tertiary sector contributes the maximum to the GDP.

India is basically a socialist economy.

The distribution of income and wealth is quite equitable.

None of the above.

RBI

SIDBI

NABARD

ICICI

remained constant.

decreased.

increased.

first decreased and then increased.

wheat revolution.

rice revolution.

maize revolution.

forest revolution.

remained constant.

decreased

increased.

first increased and then decreased.

Under zamindari system, farmers directly paid land revenue to the state.

At present, income tax revenues from the agriculture sector are negligible.

Commercial banks are providing loans to the agriculture sector at zero interest rate.

None of the above.

Special schemes have been started to promote export of agro-products.

India has been a big importer of food grains especially since 1990s.

High yielding varieties programme has resulted in improvement in production and productivity of food grains in India.

None of the above.

industrial reforms in India.

external sector reforms in India.

land reforms in India.

banking reforms in India.

slow and uneven growth.

inadequate and incomplete land reforms.

inadequate finance.

all of the above.

remained constant.

increased.

decreased.

first increased and then decreased.

there has been an increase in the use of high yielding varieties of seeds, fertilizers, pesticides etc.

there has been noticeable positive change in the attitude of farmers towards new techniques of production.

farmers are increasingly resorting to intensive cultivation, multiple cropping, scientific water management

all of the above.

ICICI bank.

Regional Rural Banks.

State Bank of India.

EXIM bank.

About 80 per cent of agricultural area has irrigation facilities.

About 60 per cent area is rain fed in India.

Productivity per worker in agriculture is much lower than that in industry.

Cropping pattern is quite skewed in India.

Countries which are industrially well-developed generally have higher per capita income than countries which are not.

India is a capital surplus economy.

Agriculture sector need not depend upon industrial sector for its growth.

None of the above.

consumer goods industries.

export oriented industries.

agro-based industries.

capital and basic goods industries.

First plan.

Second plan.

Third plan.

Fourth plan.

1950-1965.

1990-2005.

1980-1995.

1965-1980.

Poor planning.

Power, finance and labour problems.

Technical complications.

All of the above.

A large number of industries face under utilization of production-capacity.

The incremental capital -output ratio has been falling over the planning period.

In terms of regions, industrial development is quite balanced.

None of the above.

10 per cent

5 per cent

30 per cent

96 per cent.

5 per cent

8 per cent

10 per cent

6 per cent

small scale units.

private sector units.

public sector units.

sick units.

Self-dependence in the production of coal

Nurturing the Black Soil

Self-dependence in the production of petroleum crude oil

Self-dependence in the production of balck corp

The industrial pattern on the eve of Independence was quite balanced.

During the planning period, the structure of Indian industry has shifted in favour of basic and capital goods and intermediate sector.

Most of the big industrial units in India are sick.

None of the above.

increased

decreased

remained constant

remained above 50 per cent

the agriculture sector provides food and other products for the consumption purposes of industrial sector.

the agriculture sector provides raw-materials for the development of a agro-based industries of the economy.

the agricultural sector provides market for the industrial products.

all of the above.

where most of the employees are sick.

which is unable to perform its normal functions and activities of production of goods and services at a reasonable profit on a sustained basis.

which is unable to make profits more than 10 per cent of its capital employed.

which borrows money from bank for its fixed assets.

demand recession.

uneconomic size.

high productivity of labour and capital.

financial mismanagement.