Question 1

Which one of the following is the national regulatory body for insurance industry in India?

Accepted Answer

A)  sebi
B)  irdai
C)  rbi
D)  uti B

Question 2

When the Land Reform Act was passed?

Accepted Answer

A)  1950
B)  1953
C)  1952
D)  1957 A

Question 3

Which one of the following institutions acts as the apex regulatory body for food safety in India?

Accepted Answer

A)  agmark and legal metrology
B)  bureau of indian standards
C)  fssai
D)  bis C

Question 4

As per the Union Budget, 2020-21, what is the highest rate of Direct Tax in India?

Accepted Answer

A)  20%
B)  35%
C)  30%
D)  40%

Question 5

Which of the following sector is dominant in Kerala economy?

Accepted Answer

A)  agrarian
B)  .industrial
C)  service
D)  none

Question 6

Which segment is contributing largest into the gross savings of the country?

Accepted Answer

A)  household sector
B)  private corporate sector
C)  public sector
D)  foreign sector

Question 7

Which one of the following was the first committee to demand constitutional recognition for Panchayats?

Accepted Answer

A)  balwantrai mehta committee
B)  ashok mehta committee
C)  santhanam committee
D)  g.v.k.rao committee

Question 8

India chosen ---------- model of dual GST:

Accepted Answer

A)  usa
B)  uk
C)  canadian
D)  china

Question 9

Till what time Indian Economy want to become a US$5 trillion dollar economy?

Accepted Answer

A)  2022-23
B)  2024-25
C)  2027-28
D)  2029-30

Question 10

What is the base year for calculating India's GDP?

Accepted Answer

A)  2004-05
B)  2010-11
C)  2011-12
D)  2014-15

Question 11

GST is ---------- based tax on consumption of goods and services:

Accepted Answer

A)  duration
B)  destination
C)  dividend
D)  development

Question 12

Ashok Mehta Committee in 1977 recommended for the establishment of:

Accepted Answer

A)  nagar panchayat
B)  panchayat samiti
C)  maha panchayat
D)  mandal panchayat

Question 13

In the index of eight core industries, which one of the following is given the highest weight?

Accepted Answer

A)  coal production
B)  electricity generation
C)  fertilizer production
D)  steel production

Question 14

When was the first agriculture census of India conducted?

Accepted Answer

A)  1880
B)  1890
C)  1921
D)  1970

Question 15

Which one among the following sectors in India has the highest share of employment?

Accepted Answer

A)  agriculture and allied sectors
B)  manufacturing
C)  construction
D)  tertiary sector

Question 16

Evergreen revolution indicates:

Accepted Answer

A)  wheat revolution
B)  organic farming
C)  large scale milk production
D)  promotion of horticulture

Question 17

What kind of unemployment is found in the agricultural sector of India?

Accepted Answer

A)  situational
B)  voluntary
C)  frictional
D)  disguised

Question 18

Which one of the following industries is not included in the Eight Core Industries?

Accepted Answer

A)  coal
B)  textiles
C)  electricity
D)  crude oil

Exam 3: Economic and Agricultural Sector in India