Question 1

Which one among the following sectors in India has the highest share of employment?&#10;A)agriculture and allied sectors&#10;B)manufacturing&#10;C)construction&#10;D)tertiary sector

Accepted Answer

Agriculture and allied sectors have traditionally been the largest employers in India, providing livelihoods to a significant portion of the population, especially in rural areas. Despite the growth of other sectors, agriculture remains a major source of employment.

Question 2

When was the first agriculture census of India conducted?&#10;A)1880&#10;B)1890&#10;C)1921&#10;D)1970

Accepted Answer

The first Agriculture Census in India was conducted in 1970. This initiative was undertaken to collect comprehensive data on agricultural practices, including land use, cropping patterns, and irrigation status, among other aspects.

Question 3

Evergreen revolution indicates:&#10;A)wheat revolution&#10;B)organic farming&#10;C)large scale milk production&#10;D)promotion of horticulture

Accepted Answer

Evergreen revolution refers to sustainable agricultural practices, such as organic farming, that aim to increase productivity without harming the environment.

Question 4

What kind of unemployment is found in the agricultural sector of India?&#10;A)situational&#10;B)voluntary&#10;C)frictional&#10;D)disguised

Accepted Answer

Disguised unemployment in the agricultural sector of India refers to the situation where more people are employed than actually needed, resulting in lower productivity per worker. This is common in rural areas where farming is a major occupation, and it often occurs because there are not enough alternative employment opportunities.

Question 5

Which one of the following industries is not included in the Eight Core Industries?&#10;A)coal&#10;B)textiles&#10;C)electricity&#10;D)crude oil

Accepted Answer

The Eight Core Industries include coal, electricity, and crude oil, but textiles are not part of this group. These industries are considered the backbone of the economy due to their impact on various sectors.

Question 6

In the index of eight core industries, which one of the following is given the highest weight?&#10;A)coal production&#10;B)electricity generation&#10;C)fertilizer production&#10;D)steel production

Accepted Answer

Electricity generation is given the highest weight in the index of eight core industries because it is a critical component of the infrastructure sector, influencing various aspects of the economy and industrial activity.

Question 7

Which one of the following institutions acts as the apex regulatory body for food safety in India?&#10;A)agmark and legal metrology&#10;B)bureau of indian standards&#10;C)fssai&#10;D)bis

Accepted Answer

The Food Safety and Standards Authority of India (FSSAI) is the apex regulatory body responsible for ensuring food safety in India. It operates under the Ministry of Health & Family Welfare, Government of India, and is responsible for protecting and promoting public health through the regulation and supervision of food safety.

Question 8

Which one of the following is the national regulatory body for insurance industry in India?&#10;A)sebi&#10;B)irdai&#10;C)rbi&#10;D)uti

Accepted Answer

The Insurance Regulatory and Development Authority of India (IRDAI) is the national regulatory body for the insurance industry in India.

Question 9

Which segment is contributing largest into the gross savings of the country?&#10;A)household sector&#10;B)private corporate sector&#10;C)public sector&#10;D)foreign sector

Accepted Answer

The household sector typically contributes the largest share to a country's gross savings. This is because the combined savings of all individuals within the household sector, which includes savings in the form of bank deposits, investments in securities, and other forms of savings, usually surpass the savings of the private corporate sector, public sector, and foreign sector.

Question 10

Which of the following sector is dominant in Kerala economy?&#10;A)agrarian&#10;B).industrial&#10;C)service&#10;D)none

Accepted Answer

The service sector is dominant in Kerala's economy, contributing significantly to the state's GDP. This includes tourism, IT, health services, and banking, which have shown substantial growth over the years.

Question 11

GST is ---------- based tax on consumption of goods and services:&#10;A)duration&#10;B)destination&#10;C)dividend&#10;D)development

Accepted Answer

The answer of GST is ---------- based tax on consumption...

Question 12

India chosen ---------- model of dual GST:&#10;A)usa&#10;B)uk&#10;C)canadian&#10;D)china

Accepted Answer

The answer of India chosen ---------- model of dual GST:&#10;A)usa&#10;B)uk&#10;C)canadian&#10;D)china...

Question 13

Ashok Mehta Committee in 1977 recommended for the establishment of:&#10;A)nagar panchayat&#10;B)panchayat samiti&#10;C)maha panchayat&#10;D)mandal panchayat

Accepted Answer

The answer of Ashok Mehta Committee in 1977 recommended for...

Question 14

Which one of the following was the first committee to demand constitutional recognition for Panchayats?&#10;A)balwantrai mehta committee&#10;B)ashok mehta committee&#10;C)santhanam committee&#10;D)g.v.k.rao committee

Accepted Answer

The answer of Which one of the following was the...

Question 15

When the Land Reform Act was passed?&#10;A)1950&#10;B)1953&#10;C)1952&#10;D)1957

Accepted Answer

The answer of When the Land Reform Act was passed?&#10;A)1950&#10;B)1953&#10;C)1952&#10;D)1957...

Question 16

Till what time Indian Economy want to become a US$5 trillion dollar economy?&#10;A)2022-23&#10;B)2024-25&#10;C)2027-28&#10;D)2029-30

Accepted Answer

The answer of Till what time Indian Economy want to...

Question 17

What is the base year for calculating India's GDP?&#10;A)2004-05&#10;B)2010-11&#10;C)2011-12&#10;D)2014-15

Accepted Answer

The answer of What is the base year for calculating...

Question 18

As per the Union Budget, 2020-21, what is the highest rate of Direct Tax in India?&#10;A)20%&#10;B)35%&#10;C)30%&#10;D)40%

Accepted Answer

The answer of As per the Union Budget, 2020-21, what...

Deck 3: Economic and Agricultural Sector in India