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14 Views

Question : What type of products ,does CACP recommend minimum support price for?

Option 1: industrial products

Option 2: Agricultural products

Option 3: pharmaceutical products

Option 4: None of the above

Team Careers360 25th Jan, 2024

Correct Answer: Agricultural products


Solution : The correct option is Agricultural products.

 

The Commission for Agricultural Costs and Prices (CACP) operates as an independent entity within India's Ministry of Agriculture and Farmers Welfare, tasked with the crucial role of proposing minimum support prices (MSPs) for a range of vital agricultural products. This includes staple crops such as wheat and rice, essential cash crops like sugarcane and cotton, as well as protein-rich pulses like gram, masur, and moong, along with oilseeds including groundnut, mustard, and sunflower. Additionally, CACP extends its recommendations to encompass barley and jute. Through its recommendations, CACP plays a pivotal role in stabilizing the income of farmers and ensuring the availability of these key agricultural products in the market.

10 Views

Question : Which five-year plan emphasised the development of industries and industrial base in India?

Option 1: Second

Option 2: Fourth

Option 3: Third

Option 4: First

Team Careers360 25th Jan, 2024

Correct Answer: Second


Solution : The correct option is Second.

The second five-year plan (1956–1961) in India emphasised the development of industries, and the industrial base in the country. This plan aimed to promote industrialisation, and economic growth by focusing on sectors like heavy industries, infrastructure development, and scientific research and development. The plan also laid the foundation for the establishment of public sector enterprises and the development of a mixed economy in India, combining both public and private sector initiatives in industrial development.

27 Views

Question : Which of the following policy measures is not a step towards liberalisation?

Option 1: Increase in equity limit of foreign investment

Option 2: Enhancement in tariffs

Option 3: Removal of industrial licensing for certain industries

Option 4: Removal of the requirement of registration for certain industries

Team Careers360 21st Jan, 2024

Correct Answer: Enhancement in tariffs


Solution : The correct option is Enhancement in tariffs.

Enhancement in tariffs is generally not a step towards liberalisation; in fact, it is a measure that moves away from liberalisation. Liberalisation typically involves reducing or eliminating trade barriers, including tariffs. Tariffs are taxes imposed on imported goods, and increasing them goes against the principles of free trade and economic liberalisation, as it can hinder international trade and limit market access.

23 Views

Question : The 'License Raj' in India refers to:

Option 1: The system of obtaining licenses for industrial activities

Option 2: The system of licensing journalists

Option 3: The system of licensing foreign tourists

Option 4: The system of obtaining licenses for agricultural activities

Team Careers360 21st Jan, 2024

Correct Answer: The system of obtaining licenses for industrial activities


Solution : The correct answer is (a) The system of obtaining licenses for industrial activities

The 'License Raj' in India refers to the system of obtaining licenses for industrial activities. During the period of economic regulation and control in India, which lasted from the 1950s to the 1990s, the government implemented a complex system of licenses and permits for industrial activities. This system involved extensive government intervention and control over the private sector, including regulations on investment, production, pricing, and capacity expansion. The 'License Raj' created a bureaucratic and restrictive environment for businesses, leading to inefficiencies and hindering economic growth.

8 Views

Question : How many national laboratories does the Council of Scientific & Industrial Research (CSIR) have in India?

Option 1: 37

Option 2: 47

Option 3: 27

Option 4: 17

Team Careers360 19th Jan, 2024

Correct Answer: 37


Solution : The correct answer is 37.

The Council of Scientific and Industrial Research (CSIR), recognised for its advanced research and development expertise across various science and technology domains, is a modern R&D institution. CSIR operates an active network comprising 37 national laboratories, 39 outreach centres, 1 innovation complex, and three units with a nationwide presence.

17 Views

Question : ___________ is a financial institution that specializes in providing loans for purchasing homes.

 

Option 1: Housing Development Finance Corporation (HDFC)

Option 2: Industrial Development Bank of India (IDBI)

Option 3: Small Industries Development Bank of India (SIDBI)

Option 4: Export-Import Bank of India (EXIM Bank)

Team Careers360 20th Jan, 2024

Correct Answer: Housing Development Finance Corporation (HDFC)


Solution : The correct answer is (a) Housing Development Finance Corporation (HDFC)

Housing Development Finance Corporation (HDFC) is a financial institution that specializes in providing loans for purchasing homes in India. It is one of the largest housing finance companies in India and offers a range of home loan products to individuals and families.

HDFC provides home loans for various purposes, including buying a new home, constructing a house, purchasing land for construction, renovating or improving an existing home, and refinancing existing home loans. They offer competitive interest rates, flexible repayment terms, and personalized customer service to cater to the diverse needs of homebuyers.

 

14 Views

Question : The Census of India provides us with information regarding ______.

Option 1: industrial production

Option 2: pollution

Option 3: food security

Option 4: the population

Team Careers360 18th Jan, 2024

Correct Answer: the population


Solution : The correct option is the population.

Comprehensive demographic and socioeconomic information about India's population is provided by the Census of India. It takes place every ten years and covers a lot of ground. The census yields the aggregate population of India as well as the population distribution among the states, districts, and towns. Demographic data is gathered, such as the distribution of ages, the sex ratio, the literacy rate, and the level of schooling.

11 Views

Question : The Bhopal gas tragedy led to the emergence of which type of movement in India?  
 

Option 1: Industrial Safety Movement  
 

Option 2: Environmental Movement  
 

Option 3: Workers' Rights Movement  

 

Option 4: Public Health Movement  

Team Careers360 19th Jan, 2024

Correct Answer: Environmental Movement  
 


Solution : The Bhopal gas tragedy led to the emergence of the Environmental Movement in India, highlighting the need for industrial safety and environmental protection.

 

5 Views

Question : What was a major cause of famine in India during the era of planned development?

 

Option 1: Industrial pollution

Option 2: Agricultural mismanagement

Option 3: Political instability

Option 4: Economic sanctions

Team Careers360 24th Jan, 2024

Correct Answer: Agricultural mismanagement


Solution : A major cause of famine in India during the era of planned development was agricultural mismanagement, which led to inadequate food production and distribution.

9 Views

Question : The agrarian class structure in pre-independence India was characterized by:  
 

Option 1: A dominant urban elite  
 

Option 2: A large industrial working class  
 

Option 3: Predominance of small and marginal farmers  

 

Option 4: High levels of wage labor  

Team Careers360 25th Jan, 2024

Correct Answer: Predominance of small and marginal farmers  

 


Solution : The agrarian class structure in pre-independence India was characterized by the predominance of small and marginal farmers, along with a hierarchical system of landownership and tenancy.  

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