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State PSC Indian Economy — practice questions — page 3

Explore 135 free Indian Economy questions in State PSC Economy. Open each question or exercise to read its content, reference answers and available explanation.

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Indian Economy questions and exercises with answers

Showing questions 61–90 of 135.

The green revolution refers to a large increase in food grain output from HYV seeds especially for wheat and:Read the answer and worked solution →In its first phase, the green revolution was restricted to affluent states like Punjab, Andhra Pradesh and:Read the answer and worked solution →The part of farm produce that farmers sell in the market is called:Read the answer and worked solution →To let small farmers afford HYV inputs, the government gave low interest loans and:Read the answer and worked solution →The Second Plan spoke of the government controlling the ___ of the economy.Read the answer and worked solution →The Industrial Policy Resolution that classified industries into three categories was adopted in:Read the answer and worked solution →The 1955 committee that saw small-scale industries as a route to rural development was the:Read the answer and worked solution →Small-scale industries generate more employment because they are more:Read the answer and worked solution →Catch the plan goalsRead the answer and worked solution →Pop the economic systemsRead the answer and worked solution →Find the real termRead the answer and worked solution →Slice the planning wordsRead the answer and worked solution →Farm or industry policyRead the answer and worked solution →Which plan goalRead the answer and worked solution →Type the numberRead the answer and worked solution →Planning bingoRead the answer and worked solution →In 1991 India's foreign exchange reserves fell to a level not enough to pay for imports for even a:Read the answer and worked solution →To manage the 1991 crisis India received a loan of how much from the World Bank and IMF?Read the answer and worked solution →The World Bank is formally known as the:Read the answer and worked solution →The reforms announced in 1991 are collectively called the:Read the answer and worked solution →Long-term measures to improve efficiency and competitiveness are called:Read the answer and worked solution →Putting an end to restrictions and opening sectors of the economy is called:Read the answer and worked solution →After 1991, industrial licensing was abolished for almost all industries except a few like alcohol, cigarettes and:Read the answer and worked solution →Which industries remain reserved for the public sector?Read the answer and worked solution →The financial sector in India is regulated by the:Read the answer and worked solution →Financial sector reforms aim to change the RBI's role from regulator to:Read the answer and worked solution →The foreign investment limit in banks was raised to around:Read the answer and worked solution →The government's taxation and public expenditure policies together are called its:Read the answer and worked solution →Taxes on the incomes of individuals and profits of firms are:Read the answer and worked solution →Why were income tax rates reduced after 1991?Read the answer and worked solution →

Worked practice questions

The green revolution refers to a large increase in food grain output from HYV seeds especially for wheat and:

  1. Rice
  2. Cotton
  3. Jute
  4. Sugar
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Correct answer: A. Rice

1. HYV seeds need fertiliser, pesticide and water. 2. Two grains led the revolution. 3. Wheat and rice. _Source: syllabus Economics, Indian Economic Development, Chapter 2, Indian Economy 1950 to 1990._

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In its first phase, the green revolution was restricted to affluent states like Punjab, Andhra Pradesh and:

  1. Assam state
  2. Tamil Nadu
  3. Bihar state
  4. Odisha state
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Correct answer: B. Tamil Nadu

1. Only farmers with irrigation and money could adopt HYV. 2. The first phase ran mid 1960s to mid 1970s. 3. Tamil Nadu was among the states. _Source: syllabus Economics, Indian Economic Development, Chapter 2, Indian Economy 1950 to 1990._

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The part of farm produce that farmers sell in the market is called:

  1. Land ceiling stock
  2. Fertiliser subsidy
  3. Marketed surplus
  4. Subsistence output
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Correct answer: C. Marketed surplus

1. Output consumed at home does little for the economy. 2. Output sold makes the difference. 3. That is the marketed surplus. _Source: syllabus Economics, Indian Economic Development, Chapter 2, Indian Economy 1950 to 1990._

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