Economics M.C.Q (1 Marks)

Agriculture is a dominant sector of our economy and credit plays an important role in increasing agriculture production. The following are the institutional sources of agricultural credit except:

Match the following. options are as follows

a. Industries Act	i. 1973
b. MRTP	ii. 1951
c. FERA	iii. 1956

Statement I: During the British colonial period, India's agriculture was starved of investment in terracing, flood-control, drainage and desalinisation of soil.
Statement II: While a small section of farmers changed their cropping pattern from food crops to commercial crops, a large section of tenants, small farmers and sharecroppers neither had resources and technology nor had incentive to invest in agriculture.

We are now faced with increased demand for environmental resources and services but their supply is limited due to ________.

___________ announce its five year plan in 1951. While___________announced its five year plan in 1956.___________ announced its five year plan in 1953.

To provide the educational facilities to the children of transferable central government employees ________ were established.

Assertion (A): Tax and tariff reductions had a negative impact on developmental and welfare expenditures.
Reason (R): Tax reduction in the reform period, aimed at yielding larger revenue and curb tax evasion, have not resulted in increase in tax revenue for the government. Also, tariff reduction has curtailed the scope for raising revenue through custom duties. In order to attract foreign investment, tax incentives were provided to foreign investors which further reduced the scope for raising tax revenues. This has a negative impact on developmental and welfare expenditures.

As per India Vision ___________ Report prepared by Planning Commission India's per capita income has doubled over the past 20 years

China’s HDI rank in the world is___________.

Consumption of a product is: