Agricultural
Question : Which institution in India provides long-term credit to farmers for agricultural activities?
Option 1: National Bank for Agriculture and Rural Development (NABARD)
Option 2: Reserve Bank of India (RBI)
Option 3: Agricultural Insurance Corporation of India (AIC)
Option 4: Small Industries Development Bank of India (SIDBI)
Correct Answer: National Bank for Agriculture and Rural Development (NABARD)
Solution : The correct answer is (a) National Bank for Agriculture and Rural Development (NABARD).
NABARD is a specialized development bank in India that focuses on the agricultural and rural sectors. It provides long-term credit to farmers for various agricultural
Question : Assertion: Diversification of agricultural activities helps in reducing the risk associated with crop failure.
Reason: It allows farmers to explore alternative sources of income beyond traditional crops.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
The assertion that diversification of agricultural activities helps in
Question : What was a significant consequence of the partition for Punjab's agriculture?
Option 1: Improved irrigation systems
Option 2: Introduction of new crops
Option 3: Disruption of agricultural practices
Option 4: Increased agricultural exports
Correct Answer: Disruption of agricultural practices
Solution : Correct Option: 3 Explanation: A significant consequence of the partition for Punjab's agriculture was the disruption of agricultural practices. The partition led to the division of land, displacement of farmers, and loss of agricultural resources, which had a profound impact on the
Question : What type of products ,does CACP recommend minimum support price for?
Option 1: industrial products
Option 2: Agricultural products
Option 3: pharmaceutical products
Option 4: None of the above
Correct Answer: Agricultural products
Solution : The correct option is Agricultural products.
The Commission for Agricultural Costs and Prices (CACP) operates as an independent entity within India's Ministry of Agriculture and Farmers Welfare, tasked with the crucial role of proposing minimum support prices (MSPs) for a range of vital agricultural
Question : Assertion: Rural poverty is more prevalent than urban poverty in India.
Reason: The majority of the population in India resides in rural areas, where agricultural incomes are often low.
The assertion is true. Data and studies consistently show
Question : Comprehension: In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each blank.
The locust is an insect that belongs to the family of grasshoppers. These insects are essentially harmless (1)__________they meet certain circumstances under which they (2) _________more abundant and change their behaviour. India, Pakistan and Iran (3)_____________currently thinking over the locust plague threat (4) _________over their economies. When these locusts meet (5) __________environmental conditions, they become gregarious and (6) __________breeding abundantly. With their population becoming (7) _________, they form swarms and keep moving (8) ___________areas damaging the crops. These swarms attacking (9) ____________and thereby devastating the entire agricultural economy is (10) ____________is commonly referred to as locust plague.
Question: Select the most appropriate option for blank no. 4.
Option 1: staying
Option 2: leaving
Option 3: lingering
Option 4: remaining
Correct Answer: lingering
Solution : The correct choice is the third option.
The term lingering in this context implies that the locust plague threat is persisting or remaining over the economies of India, Pakistan, and Iran. It suggests a continuing and potentially concerning impact on their economic situations.
Therefore,
Question : Case Study 10: Entrepreneurship and Economic Growth
A group of young graduates decided to start a tech startup. They developed an innovative mobile application that connects farmers directly to consumers, eliminating the need for middlemen. This resulted in better prices for farmers and affordable produce for consumers.
Question:
The startup's app contributes to economic growth by:
Option 1: Increasing the cost of agricultural products
Option 2: Creating more middlemen
Option 3: Promoting direct farmer-consumer interactions
Option 4: Limiting the reach of agricultural products
Correct Answer: Promoting direct farmer-consumer interactions
Solution : The correct answer is (c) Promoting direct farmer-consumer interactions
The mobile application, by connecting farmers directly to consumers and eliminating the need for middlemen, promotes direct interactions between farmers and consumers. This can lead to economic growth by creating more efficient and
Question : Statement 1: Successful entrepreneurs not only create wealth for themselves but also contribute to the economic development of the nation.
Statement 2: The Make in India initiative aims to boost agricultural activities in the country.
Option 1: Both statements are true.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 2 is true, but statement 1 is false.
Option 4: Both statements are false.
Correct Answer: Statement 1 is true, but statement 2 is false.
Solution : The correct answer is b) Statement 1 is true, but statement 2 is false.
Statement 1 is accurate. Successful entrepreneurs often contribute to the economic development of the nation by creating wealth, generating employment, and fostering innovation.
Question : Disguised unemployment in India is mainly related to:
Option 1: agricultural sector
Option 2: rural area
Option 3: factory sector
Option 4: urban area
Correct Answer: agricultural sector
Solution : The correct answer is the agricultural sector.
Agriculture is the primary source of disguised unemployment in India. Agriculture employs the most people in India, accounting for more than half of the total. However, agricultural production is low, and there is an excess of
Question : The 'License Raj' in India refers to:
Option 1: The system of obtaining licenses for industrial activities
Option 2: The system of licensing journalists
Option 3: The system of licensing foreign tourists
Option 4: The system of obtaining licenses for agricultural activities
Correct Answer: The system of obtaining licenses for industrial activities
Solution : The correct answer is (a) The system of obtaining licenses for industrial activities
The 'License Raj' in India refers to the system of obtaining licenses for industrial activities. During the period of economic regulation and control in India,
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