Question No. 1
With reference to subsistence agriculture, consider the following statements:
1.Shifting cultivation is widely practiced in tropical regions using primitive tools.
2.In intensive subsistence agriculture dominated by wet paddy cultivation, per labour productivity is high, but yield per unit area is low.
3.Intensive subsistence agriculture dominated by crops other than paddy is prevalent in regions where geographical conditions do not favour rice cultivation.
Which of the statements given above is/are correct?
Question No. 2
With reference to Plantation Agriculture, consider the following statements:
1.Plantation agriculture is characterised by large estates, single-crop specialisation, and reliance on cheap labour.
2.The British introduced rubber plantations in West Africa and coffee plantations in Sri Lanka.
3.Plantation crops like tea, rubber, and sugarcane were historically cultivated in tropical colonies for export purposes.
Which of the statements given above is/are correct?
Question No. 3
Consider the following statements regarding trans-continental railways:
1.The Trans-Canadian Railway connects Halifax on the east coast to Vancouver on the Pacific coast.
2.The Union and Pacific Railway connects New York with San Francisco.
3.The Australian Trans-Continental Railway runs from Darwin in the north to Sydney in the east.
Which of the statements given above is/are correct?
Question No. 4
Consider the following statements regarding major sea routes:
1.The Cape of Good Hope Sea Route connects Western Europe with West Africa, South Africa, South-East Asia, Australia, and New Zealand.
2.The Southern Atlantic Sea Route carries heavy traffic due to high levels of industrial and population development in both South America and Africa.
Which of the statements given above is/are correct?
Question No. 5
Consider the following statements regarding the circular flow of income in a simple economy:
1.Households provide factors of production to firms and receive wages, rent, interest, and profit in return.
2.Firms sell goods and services to households, and the entire income earned by households is spent on these goods and services.
3.In this model, the introduction of savings fundamentally changes the equality of income, production, and expenditure.
Which of the statements given above is/are correct?
Question No. 6
Which of the following statements is/are correct regarding the Product (Value Added) Method of calculating national income?
1.Value Added of a firm is calculated by deducting the value of intermediate goods from the value of output.
2.Gross Value Added (GVA) includes depreciation, while Net Value Added (NVA) excludes depreciation.
3.An increase in inventories during a year is treated as part of the firm’s production.
Select the correct answer using the code below:
Question No. 7
With reference to land reforms in post-independence India, consider the following statements:
1.Land reforms primarily focused on the abolition of intermediaries and the introduction of land ceilings.
2.Land ceiling legislation faced hurdles due to legal challenges and exploitation of loopholes by big landlords.
3.Land reforms were equally successful across all Indian states.
Which of the statements given above is/are correct?
Question No. 8
With reference to the Green Revolution in India, consider the following statements:
1.The first phase of the Green Revolution primarily benefited wheat-growing regions like Punjab, Andhra Pradesh, and Tamil Nadu.
2.The Green Revolution led to India achieving self-sufficiency in food grains, reducing dependency on foreign nations.
3.The Green Revolution initially increased inequality among farmers because only large farmers could afford the inputs, and the government took no corrective measures.
Which of the statements given above is/are correct?
Question No. 9
With reference to the Marginal Standing Facility (MSF) introduced by the Reserve Bank of India (RBI), consider the following statements:
1.Under MSF, banks can borrow overnight funds from RBI by pledging securities over and above the SLR requirement.
2.The MSF rate is typically lower than the repo rate and serves as the lower bound of the interest rate corridor.
3.The main objective of MSF is to reduce volatility in overnight inter-bank interest rates and ensure smooth monetary transmission.
Which of the statements given above is/are correct?
Question No. 10
With reference to the Bank Rate and its relationship with other RBI monetary policy instruments, consider the following statements:
1.The Bank Rate is now kept equal to the Marginal Standing Facility (MSF) rate, which is linked to the repo rate..
2.The Bank Rate now acts as a penal rate for banks that fail to maintain their reserve requirements such as CRR and SLR.
3.The Bank Rate is used by the RBI to signal short-term monetary policy stance and is adjusted more frequently than the repo rate.
Which of the statements given above is/are correct?
Time Left :04:03
Your Score Card
Total Number of Questions : 10
Total Not Attempted Questions : 3
Total Correct : 4
Total Wrong : 3
You have scored
6.02 / 20