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Indian Economy Quiz 06. 04. 2018

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Question 1

Which of the following statements are correct:
1) The United Nations had adopted the UN Guidelines for Consumer Protection in 1985
2) Consumer Protection Act, 1986 protects the interests of consumers by making provision for the establishment of consumer councils.
3) Consumer Protection Councils are established at the national level only.

Question 2

Which of the following statements are correct:
1) Throughout the colonial period, India’s foreign trade registered a large export deficit.
2) More than half of India’s foreign trade was restricted to Britain.
3) The opening of the Suez Canal had intensified British control over India’s foreign trade.

Question 3

Which of the following statements are correct with regard to socialist society:
1) Government decides what goods are to be produced in accordance with the needs of society.
2) Government decides how goods are to be produced and how they should be distributed.
3) Socialist economy is a planned economy.

Question 4

Equity in agriculture called for land reforms which primarily refer to change in the ownership of landholdings. Which of the following steps were taken under Land Reforms:
1) Abolition of intermediaries
2) Tenancy regulation
3) Making infertile land fertile by irrigation
4) Attempts to consolidate disparate landholdings

Question 5

Which of the following statements are correct:
1) Unorganised sector is characterised by small and scattered units which are largely outside the control of the government.
2) Employees of enterprises belonging to the unorganised sector have lower job security and poorer chances of growth, and no leaves and paid holidays.
3) Fruit seller, shoe maker, farmers working on their own and hire labourers are examples of work in unorganised sector.

Question 6

Which of the following statements are correct:
1). The concept of buffer stock was first introduced during the 4th Five Year Plan.
2). Buffer Stock is the stock of foodgrains, namely wheat, pulses and rice.
3). Foodgrains are procured by the government through Food Corporation of India (FCI).
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Jun 22Other State PSC