The 'Agriculture Marketing' in India is primarily regulated by: MCQ with Answer and Explanation

The 'Agriculture Marketing' in India is primarily regulated by:
A. State Agricultural Produce Marketing Committee Acts
B. SEBI
C. RBI
D. NABARD
Answer: Option A
Solution (By JKSSB Mock Tests)
Agricultural marketing is regulated by State APMC Acts.

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Practice More Economy Set 1 Questions

Question #1
The 'Brexit' refers to the exit of which country from the European Union?
A. Italy
B. United Kingdom
C. France
D. Germany

Correct Answer: Option B


Explanation:
Brexit refers to the United Kingdom's exit from the European Union.

This question belongs to: Economy GK Economy Set 1
Question #2
The concept of 'Opportunity Cost' is best illustrated by:
A. The difference between total revenue and total cost
B. The value of the next best alternative forgone when a choice is made
C. The cost of producing one more unit
D. The total cost of production

Correct Answer: Option B


Explanation:
Opportunity cost is the value of the best alternative that is sacrificed when a decision is made; it is fundamental to the study of choice under scarcity.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a major objective of the Reserve Bank of India Act?
A. To formulate five-year plans
B. To collect direct taxes
C. To maximise government revenue
D. To regulate the issue of bank notes and maintain monetary stability

Correct Answer: Option D


Explanation:
The RBI Act, 1934 primarily aims at regulating the issue of bank notes, maintaining reserves to secure monetary stability and operating the currency and credit system of the country.

This question belongs to: Economy GK Economy Set 1