UPSC Level 2 Economics Pre Quiz #4

Hemant Bhatt is a B. Tech from Pantnagar University and has studied Social Sciences at SciencesPo, Paris. He teaches at Oracle IAS, Dehradun.
He is a bibliophile and a fitness enthusiast.

#1. Consider the following statements: 1. Guaranteed maximum prices have been a component of the agriculture strategy that brought about the green revolution. 2. The strategy of the Green Revolution aimed at increasing the yield of crops using fertilizer, pesticides and high yielding varieties in agriculture. Which of the statements given above is/are correct?

1 only

2 only

1 and 2 both

None

#2. Consider the following statements: 1. National Agricultural Insurance Scheme (NAIS) was launched in 1999. 2. The growth rate of primary sector of the Indian Economy sector never reached 8% during the planning history of Indian economy. Which of the statements given above is/are correct?

1 only

2 only

1 and 2

None

#3. Which bank is limited to the needs of agriculture and rural finance?

SBI

NABARD

IFC

RBI

#4. Which of the fallowing are responsible for the decrease of per capita holding of cultivated land in India? 1. Low per capita income. 2. Rapid rate of increase of population. 3. Practice of dividing land equally among the heirs. 4. Use of traditional techniques of ploughing. Select the correct answer using the codes given below

1 and 2

2 and 3

1 and 4

2 ,3 and 4

#5. 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 these statements is/are correct?

1 only

2 only

1 and 2 both

None

#6. Consider the following statements: 1. India is meeting 85% of the urea fertilizer through indigenous production. 2. India produces surplus amount of the fertilizers containing phosphorus and potassium. Which of the statements given above is/are correct?

1 only

2 only

1 and 2

None

#7. Arrange the following in decreasing order in terms of share in disbursement of credit to agriculture :

Commercial bank – cooperative banks – regional rural banks

Cooperative banks – commercial banks – regional rural banks

Regional rural banks – commercial banks – cooperative banks

Commercial banks – regional rural banks – cooperative banks

#8. Which of the following does not form part of current account of Balance of Payments?

Export and import of goods

Export and import of services

Income receipts and payments

Capital receipts and payments

#9. Consider the following statements: 1. National Bamboo Mission is implemented by the Division of Horticulture 2. The National Bamboo Mission is a 50:50 centrally and state sponsored scheme. Which of the statements given above is/are correct?

1 only

2 only

1 and 2

None

#10. In India, mergers and acquisition of firms are regulated by?

National Manufacturing Competitiveness Council

Competition Commission of India

Security and Exchange Board of India

Department of Industrial Policy and Promotion

Finish

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Hemant Bhatt

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Hemant Bhatt is a B. Tech from Pantnagar University and has studied Social Sciences at SciencesPo, Paris. He teaches at Oracle IAS, Dehradun.
He is a bibliophile and a fitness enthusiast.