Question : Complete the paragraphs to give them meanings
Although the share of cultivation in the in general GDP has reduced from around 60 per cent in the last two decades, its significance to the Indian financial system can barely be over stressed. _______ In the context of assuring food security and propagating comprehensive enlargement, strategies to refresh farming has become exceedingly pertinent. (A) Financial deficits as a amount of the GDP have come down but are still high by international yardsticks. (B) Infrastructural shortcomings can hold back further grown in the farming sector. (C) Recent instability in agricultural creation has had its impact not only on economic but on price steadiness as well.
Option 1: A and B
Option 2: Only A
Option 3: Only C
Option 4: Only C
Option 5: B and C
Correct Answer: Only C
Solution : The opening sentence highlights the importance of agriculture in the Indian economy. Sentence C follows emphasizing the fact that precariousness in agriculture production can have various undesirable impacts. Hence we have to invigorate agricultural field and this is the idea given in the last sentence. The other two sentences talk about financial deficits' and infrastructure deficiencies in the farming sector which are irrelevant in the given context.
Question : The Farmers' Movement in India has been particularly active in which of the following agricultural practices?
Option 1: Organic farming
Option 2: Cash crop cultivation
Option 3: Cooperative farming
Option 4: Contract farming
Question : A, B and C are equal partners in a firm whose books are closed on 31st March every year. If General Reserve of Rs. 40,000 at the time of retirement of partner B when 25% of the balance of General Reserve is to be transferred to Investments Fluctuation Reserve. Choose the correct option.
Option 1: General Reserve A/c ...Dr. 40,000 To A's Capital A/c 10,000 To B's Capital A/c 10,000 To C's Capital A/c 10,000 To Investments Fluctuation Reserve A/c 10,000
Option 2: General Reserve A/c ...Dr. 40,000 To A's Capital A/c 20,000 To B's Capital A/c 10,000 To C's Capital A/c 10,000
Option 3: General Reserve A/c ...Dr. 40,000 To A's Capital A/c 10,000 To C's Capital A/c 10,000 To Investments Fluctuation Reserve A/c 20,000
Option 4: None of the above
Question : The institutional financial sources were developed by the government: A: To offer farmers enough finance at a lower interest rate. B: To help small farmers maximize their income by increasing agricultural productivity.
Option 1: Only A
Option 2: Only B
Option 3: Both of the above
Question : Indian agricultural sector was known for its low productivity. Lack of knowledge was responsible responsible for stagnation in the sector. Which feature of Indian agriculture is highlighted hair?
Option 1: Disguised unemployment
Option 2: Sustainable farming
Option 3: Low productivity
Option 4: Outdated technology.
Question : The Agricultural Produce Market Committee (APMC) is responsible for:
Option 1: Implementing crop insurance schemes
Option 2: Providing financial assistance to farmers
Option 3: Regulating agricultural marketing in specified areas
Option 4: Promoting organic farming practices
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