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

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Which of the following is a feature of the Indian agricultural sector?

A. High and uniform productivity across states

B. High capital intensity comparable to industry

C. Predominance of small and marginal farmers

D. Complete independence from monsoon

Answer: Option C

Solution (By JKSSB Mock Tests)

Indian agriculture is dominated by small and marginal landholdings, leading to challenges of scale, productivity and access to credit and technology.

This question belongs to: Economy GK Economy Set 1

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Question #1

The Tendulkar Committee is associated with:

A. agriculture credit

B. tax reforms

C. banking reforms

D. poverty estimation methodology

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Correct Answer: Option D

Explanation:
The Tendulkar Committee recommended a new methodology for poverty estimation.

This question belongs to: Economy GK Economy Set 1

Question #2

If a country's current account is in deficit, its capital account must be in:

A. equilibrium

B. deficit as well

C. zero

D. surplus or official reserves must fall

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Correct Answer: Option D

Explanation:
A current account deficit must be financed by a capital account surplus or a drawdown of official reserves.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GDP deflator' is a price index that measures:

A. only wholesale prices

B. only consumer prices

C. prices of all domestically produced final goods and services

D. only food prices

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Correct Answer: Option C

Explanation:
GDP deflator measures the average price of all final goods and services produced domestically.

This question belongs to: Economy GK Economy Set 1

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