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Indian Economy Quiz 13. 04. 2018

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Question 1

Consider the following statement India continues to be dependent on imports to meet the require ­ment of oilseeds in the country because

1) Due to highly remunerative support prices farmers prefer to grow foodgrains.

2) most of the cultivation of oilseed crops continues to be dependent on rainfall.

3) oils from the seeds of free origin and rice bran have remained unexploited.

4) it is far cheaper to import oilseeds than to cultivate the oilseed crops.

Which of the statements given above are correct?

Question 2

Consider the following statements with regard to WTO:
(1). Green box subsidies are those subsidies which cause no, or at most minimal, trade distorting effects or effects on production. These subsidies have to be government-funded and must not involve price support. These include the amounts spent on Government services such as research, disease control, and infrastructure and food security.
(2). Blue Box subsidies contains direct payment subsidies which can be increased without limit, so long as payments are linked to production-limiting programs.
(3). Amber box subsidies include domestic support measures which are considered to distort production and trade.
Which of the above options are correct:

Question 3

Consider the following statements regarding investment in Gilt Funds:
1) Gilt Funds are mutual funds that invest only in government securities.
2) Investors are protected from credit risk.
3) Gilt funds are same as bond funds.
Which of the above options are correct:

Question 4

Consider the following statements regarding planning:
1) Indicative Planning is practiced in ‘Mixed Economy’.
2) Perspective planning refers to long term planning for a period of 15-25 yrs.
3) In comprehensive planning each and every aspect of planning is controlled by the State.
Which of the above options are correct:

Question 5

Which of the following statements are correct:
1) Social exclusion is a process through which individuals or groups are excluded from facilities and benefits.
2) Social exclusion is a cause of poverty.
3) Social exclusion is a consequence of poverty.
4) Caste System enforces social exclusion.

Question 6

Consider the following statements:
1) National Scheduled Castes Finance and Development Corporation (NSFDC) promotes social inclusion in country.
2) ‘Stand-up India’ programme helps to empower dalit class of country.
3) UNICEF aims to promote social inclusion across the world.
Which of the above statements are correct:
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