What is meant by Per Capita Income?

1. It refers to total value of investment made in a year.
2. It is sum total of all final goods and services produced in an economy in a financial year.
3. It is national income divided by population.
4. It is foreign investment made in a year.

GDP (Gross Domestic Product) is a good indicator of growth but not development, because:

1. GDP is a partial measurement.
2. GDP do not cover all type of goods.
3. GPD may increase on account of production of harmful goods.
4. All of the above.

Schedule B of IPR 1956 includes:

1. Those industries which are reserved for public sector.
2. Those industries which are open for both public and private sectors.
3. Residual industries.
4. Industries in which only Small Scale Industries can enter.

Which of the following statement are true for Indian agriculture for pre and post colonial period?

1. Dependency of workforce in agriculture observed a gradual decline after colonial period.
2. Land ceiling policy was a huge success leading to abolition of intermediaries completely.
3. Green Revolution benefitted to big farmer more than small and marginal farmers.
4. All are the true.

In which of the following state did land reforms succeed the most?

1. Punjab.
2. Haryana.
3. Tamil Nadu.
4. West Bengal.

Which economic system is based upon the market forces of demand and supply?

1. Capitalism.
2. Socialism.
3. Mixed.
4. Monarchy.

In the post-independence period, India adopted a ......... approach.

1. Socialist economy.
2. Mixed economy.
3. Capitalist economy.
4. None of these.

Green Revolution introduced during the planning process was restricted mainly to:

1. Wheat and rice.
2. Cereals and pulses.
3. Cotton and jute.
4. Jowar and bajra.

Which of the following is not true for small scale industries?

1. SSI is labour intensive and therefore, employment oriented.
2. SSI needs small investment and is therefore, equity oriented.
3. SSI is capital intensive and therefore, increases productivity.
4. SSI shows locational flexibility and is therefore, equality oriented.

When was the ‘Village and Small Scale Industries Committee' set up?

1. 1955
2. 1958
3. 1949
4. 1950.