Which of the following is a major challenge in the Indian agricultural sector? MCQ with Answer and Explanation

Which of the following is a major challenge in the Indian agricultural sector?
A. Uniform high productivity in all regions
B. Complete absence of market risk
C. Excessive mechanisation across all farms
D. Small and fragmented land holdings and dependence on monsoon
Answer: Option D
Solution (By JKSSB Mock Tests)
Indian agriculture faces structural challenges including predominance of small and fragmented holdings, monsoon dependence, and low productivity in many regions.

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Practice More Economy Set 1 Questions

Question #1
The 'National Anti-profiteering Authority' under GST was set up to ensure:
A. benefits of GST rate cuts are passed to consumers
B. fewer returns
C. more exports
D. higher GST collections

Correct Answer: Option A


Explanation:
National Anti-profiteering Authority ensures that tax reductions are passed on to consumers.

This question belongs to: Economy GK Economy Set 1
Question #2
The term 'Financial Stability' as an objective of central banks refers to:
A. Only growth maximisation
B. Only price stability
C. Stability of the financial system and prevention of systemic risks
D. Only exchange rate stability

Correct Answer: Option C


Explanation:
Financial stability involves the resilience of the financial system to shocks and the smooth functioning of financial intermediation without systemic disruptions.

This question belongs to: Economy GK Economy Set 1
Question #3
Advance tax is income tax that is:
A. paid after the end of the financial year
B. paid only by companies
C. paid in advance in instalments during the financial year
D. refunded by the government

Correct Answer: Option C


Explanation:
Advance tax is paid in advance in instalments during the financial year instead of a lump sum at the end.

This question belongs to: Economy GK Economy Set 1