The 'Agricultural Produce Market Committee' is a: MCQ with Answer and Explanation

Question

Share Report Error

The 'Agricultural Produce Market Committee' is a:

A. central government body

B. statutory body under state APMC Act

C. private market

D. cooperative society

Answer: Option B

Solution (By JKSSB Mock Tests)

APMCs are statutory market committees established under state APMC Acts.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

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

View Answer & Solution 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 #2

Which of the following is a feature of the Indian industrial policy after 1991?

A. Restriction on foreign investment

B. Expansion of the licence-permit raj

C. Liberalisation, delicensing and greater role for private sector

D. Complete nationalisation of industries

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The 1991 Industrial Policy emphasised liberalisation, abolition of industrial licensing for most industries, and encouragement of private and foreign investment.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'currency futures' are standardized contracts to exchange currencies at a future date and are traded on:

A. over-the-counter only

B. RBI only

C. commercial banks only

D. stock exchanges

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Currency futures are exchange-traded standardized contracts.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs