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. 2 years
C. 5 years
D. 3 years
Answer: Option C
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
A tariff is a:
A. ban on exports
B. quantitative limit on imports
C. tax imposed on imported goods
D. subsidy given to exporters

Correct Answer: Option C


Explanation:
A tariff is a tax imposed on imported goods.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the 'Random Walk Hypothesis' of stock prices?
A. Technical analysis can systematically generate excess returns
B. Stock prices are predictable based on past patterns
C. Successive price changes are independent and stock prices fully reflect available information
D. Only fundamental analysis is irrelevant

Correct Answer: Option C


Explanation:
The random walk hypothesis, closely related to the efficient market hypothesis, asserts that successive price changes are independent and that prices incorporate information so rapidly that future changes are unpredictable.

This question belongs to: Economy GK Economy Set 1
Question #3
In the context of economic theory, the 'Production Possibility Frontier' shifts outward when there is:
A. Unemployment of resources
B. Inefficient allocation of resources
C. Economic growth due to increase in resources or technology
D. Decrease in the labour force

Correct Answer: Option C


Explanation:
An outward shift of the PPF indicates economic growth, which can result from an increase in the quantity or quality of resources or from technological progress.

This question belongs to: Economy GK Economy Set 1