Which of the following is a feature of Indian agriculture? MCQ with Answer and Explanation

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Which of the following is a feature of Indian agriculture?

A. High capital intensity

B. Low dependence on monsoon

C. Predominance of small and marginal holdings

D. High productivity

Answer: Option C

Solution (By JKSSB Mock Tests)

Indian agriculture is characterised by predominance of small and marginal land holdings, dependence on monsoon, low productivity and labour intensity.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Ministry of Statistics and Programme Implementation' is responsible for:

A. monetary policy

B. official statistics and programme implementation

C. banking regulation

D. foreign trade

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Correct Answer: Option B

Explanation:
MoSPI handles official statistics and programme implementation.

This question belongs to: Economy GK Economy Set 1

Question #2

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

A. RBI only

B. commercial banks only

C. over-the-counter only

D. stock exchanges

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Correct Answer: Option D

Explanation:
Currency futures are exchange-traded standardized contracts.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'Quality Ladder' models of endogenous growth?

A. There is no role for research and development

B. Innovation only expands the variety of products

C. Growth is purely exogenous

D. Innovation takes the form of improvements in the quality of existing products

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Correct Answer: Option D

Explanation:
Quality-ladder (or vertical-innovation) models of endogenous growth, associated with Aghion-Howitt and Grossman-Helpman, treat innovation as successive improvements in the quality of intermediate or final goods.

This question belongs to: Economy GK Economy Set 1

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