Economy Set 1 MCQs

Economy GK

Economy Set 1 MCQs

Practice Economy GK MCQs on basic economic concepts including economy, economics, microeconomics, macroeconomics, goods and services, demand and supply, factors of production, opportunity cost, economic activities, sectors of economy and other fundamental concepts frequently asked in SSC, Railway, Banking, UPSC, JKSSB, JKPSC, Police, Defence and other competitive examinations.

2220
Total Questions

Practice Questions

Page 77 of 111
Question #1521
The 'Operation Greens' scheme is related to which agricultural products?
A. Milk and eggs
B. Tomato, onion and potato
C. Wheat and rice
D. Pulses and oilseeds
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Operation Greens aims to stabilize supply of TOP (tomato, onion, potato) crops.
This question belongs to: Economy GK Economy Set 1
Question #1522
The 'Agricultural Produce Market Committee' is a:
A. central government body
B. statutory body under state APMC Act
C. private market
D. cooperative society
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
APMCs are statutory market committees established under state APMC Acts.
This question belongs to: Economy GK Economy Set 1
Question #1523
The 'Model APMC Act' was circulated by the central government in which year?
A. 2006
B. 2003
C. 2010
D. 2000
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The Model APMC Act was circulated in 2003 to promote reforms in agricultural marketing.
This question belongs to: Economy GK Economy Set 1
Question #1524
The 'Agricultural Census' in India is conducted by the Ministry of Agriculture and Farmers Welfare every how many years?
A. 2 years
B. 3 years
C. 5 years
D. 10 years
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Agricultural Census is conducted every five years.
This question belongs to: Economy GK Economy Set 1
Question #1525
The 'Food Processing Industries' in India are classified as which sector?
A. Quaternary
B. Tertiary
C. Secondary
D. Primary
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Food processing is a secondary sector manufacturing activity.
This question belongs to: Economy GK Economy Set 1
Question #1526
The 'Mega Food Park' scheme aims to:
A. reduce food production
B. increase food imports
C. create modern food processing infrastructure
D. promote raw exports only
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Mega Food Parks provide modern food processing infrastructure and supply chain facilities.
This question belongs to: Economy GK Economy Set 1
Question #1527
The 'National Mission on Food Processing' is implemented by the Ministry of:
A. Health
B. Consumer Affairs
C. Food Processing Industries
D. Agriculture
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The National Mission on Food Processing is implemented by the Ministry of Food Processing Industries.
This question belongs to: Economy GK Economy Set 1
Question #1528
The 'Agricultural and Processed Food Products Export Development Authority' promotes exports of:
A. petroleum products
B. agricultural and processed food products
C. machinery
D. textiles
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
APEDA promotes exports of agricultural and processed food products.
This question belongs to: Economy GK Economy Set 1
Question #1529
The 'Marine Products Export Development Authority' promotes exports of:
A. tea
B. coffee
C. fish and marine products
D. spices
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
MPEDA promotes exports of fish and marine products.
This question belongs to: Economy GK Economy Set 1
Question #1530
The 'Coffee Board of India' promotes:
A. coffee production and exports
B. spice exports
C. tea exports
D. sugar exports
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Coffee Board promotes coffee production and exports.
This question belongs to: Economy GK Economy Set 1
Question #1531
The 'Tea Board of India' is headquartered in:
A. Chennai
B. Kolkata
C. Mumbai
D. Delhi
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The Tea Board of India is headquartered in Kolkata.
This question belongs to: Economy GK Economy Set 1
Question #1532
The 'Spices Board of India' is headquartered in:
A. Mumbai
B. Chennai
C. Kochi
D. Delhi
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Spices Board of India is headquartered in Kochi.
This question belongs to: Economy GK Economy Set 1
Question #1533
The 'National Dairy Development Board' is headquartered in:
A. Delhi
B. Mumbai
C. Anand
D. Kolkata
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
NDDB is headquartered in Anand, Gujarat.
This question belongs to: Economy GK Economy Set 1
Question #1534
The 'Amul brand' is owned by:
A. Nestle
B. NDDB
C. Gujarat Cooperative Milk Marketing Federation
D. Mother Dairy
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Amul is owned by the Gujarat Cooperative Milk Marketing Federation.
This question belongs to: Economy GK Economy Set 1
Question #1535
The 'National Cooperative Development Corporation' promotes:
A. only banking
B. imports
C. stock trading
D. cooperative societies across sectors
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
NCDC promotes cooperative societies in various sectors.
This question belongs to: Economy GK Economy Set 1
Question #1536
The 'Multi-State Cooperative Societies Act' was enacted in which year?
A. 1984
B. 2002
C. 2006
D. 2012
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The Multi-State Cooperative Societies Act was enacted in 2002.
This question belongs to: Economy GK Economy Set 1
Question #1537
The 'SFURTI' scheme is related to:
A. urban housing
B. rural roads
C. traditional industries clusters
D. banking
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
SFURTI promotes cluster development of traditional industries.
This question belongs to: Economy GK Economy Set 1
Question #1538
The 'MSME Development Act' was enacted in which year?
A. 2006
B. 2010
C. 2015
D. 2000
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The MSME Development Act was enacted in 2006.
This question belongs to: Economy GK Economy Set 1
Question #1539
The 'Credit Guarantee Fund Trust for Micro and Small Enterprises' provides guarantee cover to banks for loans to MSMEs.
A. False
B. Only for large enterprises
C. Only for foreign companies
D. True
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
CGTMSE provides credit guarantee to banks for loans to micro and small enterprises.
This question belongs to: Economy GK Economy Set 1
Question #1540
The 'Emergency Credit Line Guarantee Scheme' was launched to help MSMEs during:
A. demonetization
B. drought
C. flood
D. COVID-19 pandemic
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
ECLGS was launched during the COVID-19 pandemic to provide credit to MSMEs.
This question belongs to: Economy GK Economy Set 1
Today's Top Topics
Economy Set 1 2220
Explore Subjects
Accountancy and Statistics 3179 English 15164 Computer 5279 Geography GK 6121 Reasoning 2064
Practice Mix
Which of the following is the primary reason for the high rainfall in the Eastern Ghats?
In Access, which of the following is a valid way to import data from an Excel spreadsheet?
Find the error: 'She has a beautiful hair.'
The shortcut to open the 'Find' dialog in MS Excel is:
The noun 'news' is singular, so we say: