The 'Agricultural Census' in India is conducted by the Ministry of Agriculture and Farmers Welfare every how many years? MCQ with Answer and Explanation

The 'Agricultural Census' in India is conducted by the Ministry of Agriculture and Farmers Welfare every how many years?
A. 10 years
B. 5 years
C. 2 years
D. 3 years
Answer: Option B
Solution (By JKSSB Mock Tests)
The Agricultural Census is conducted every five years.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is a major challenge in the measurement of national income in developing countries?
A. Absence of the informal sector
B. Presence of a large non-monetised sector
C. Complete availability of data for all sectors
D. Uniform accounting practices across all countries

Correct Answer: Option B


Explanation:
Developing countries face difficulties in measuring national income due to a large non-monetised (barter) sector, informal activities, lack of reliable data and underreporting.

This question belongs to: Economy GK Economy Set 1
Question #2
The J-curve effect suggests that after a currency depreciation, the trade balance:
A. is unaffected
B. never improves
C. improves immediately
D. initially worsens before improving

Correct Answer: Option D


Explanation:
The J-curve effect shows that trade balance may worsen initially after depreciation before improving.

This question belongs to: Economy GK Economy Set 1
Question #3
Under a floating exchange rate system, a fall in the external value of a currency due to market forces is called:
A. devaluation
B. revaluation
C. depreciation
D. appreciation

Correct Answer: Option C


Explanation:
A market-driven fall in the external value of a currency is called depreciation.

This question belongs to: Economy GK Economy Set 1