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Achievers Point Economics Practice Set 1 C. 58%

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1. Approx __ % of Indian population is still Agriculturist.

A. 46% B. 50% . 64%

2. Contribution of agriculture to Gross National Product is approximately? A. 14% B. 15% C. 16.5% D. 17.5% 3. How much population is living below poverty line in India? A. Approx 24% B. Approx 25% C. Approx 26% D. Approx 27% 4. The best indicator of economic development of any country is?
A. Its agriculture B. Its transport C. Its gross production D. Its per capita income

5. What is the mainstay of Indian economy A. !an"fact"rin# B. B"$ine$$ C. %"blic $ector . A#ric"lt"re !. After "ussia #hich country started $our year plan as experimental %asis in early 1&'()s A. &erman' B. &reat Britain c. (tal' . France *. Who #as the father of +peration $lood
A. r. )orman Borla"# A. /,ite re0ol"tion A. 1ello+ re0ol"tion B. r. !.*. *+aminat,an B. 1ello+ re0ol"tion B. /,ite re0ol"tion C. r. -er#,e$e ."rien C. &reen re0ol"tion C. Bro+n re0ol"tion . r. /illiam &ande . Bro+n re0ol"tion . Bl"e re0ol"tion

,. -he increase in oil seeds production #as due to &. -he progress in increase of fish production #as called 1(. Which state is the %iggest tea producer in the country A. And,ra %rade$, B. *ikkim C. A$$am . /e$t Ben#al 11. A. India holds the third position in production of Sugar cane. .. India is the largest mil/ producing country in the #orld. 0. India is the largest rice producing country in the #orld %ut 5( percent of producing rice exported to the other nation.
A. A2 B2 C all tr"e B. A2 B2 C all fal$e C. A2 C tr"e2 B fal$e . A2 C fal$e2 B tr"e

11. 2ational Agriculture Insurance Scheme #as implemented on A. 3ct. 1445 B. 3ct. 1448 C. 3ct. 1444 1'. Which is not a 3harif 0rop A. 7o+ar B. !ai8e C. &ro"ndn"t 14. -he data of estimation of India5s 2ational income is issued %y
A. %lannin# Commi$$ion B. )ational ata Center C. Central *tati$tical 3r#ani$ation

. 3ct. 6000 . /,eat

. )one of abo0e

15. -he concept of Economic Planning in India is deri6ed from A. 9*A B. 9. C. A"$tralia
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ANSWER WITH EXPLANATION:1. Answer: Option C Some Important Information:Industry accounts for 26% of GDP and employs 22% of the total workforce. Textile manufacturing is the 2nd largest source of employment after agriculture and accounts for 20% of manufacturing output, providing employment to over 20 million people. India is 13th in services output. The services sector provides employment to 27% of the work force and is growing quickly, with a growth rate of 7.5% in 19912000, up from 4.5% in 195180. It has the largest share in the GDP, accounting for 57% in 2012, up from 15% in 1950. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 17% of the GDP in 2012, employed 51% of the total workforce, and despite a steady decline of its share in the GDP, is still the largest economic sector and a significant piece of the overall socio-economic development of India.

2. Answer: Option D 3. Answer: Option D Population %elo# po6erty line7 1&.,% 81(1( ES-.9 :efinition7 )ational e$timate$ of t,e percenta#e of t,e pop"lation fallin# belo+ t,e po0ert' line are ba$ed on $"r0e'$ of $"b-#ro"p$2 +it, t,e re$"lt$ +ei#,ted b' t,e n"mber of people in eac, #ro"p. efinition$ of po0ert' 0ar' con$iderabl' amon# nation$. For e;ample2 ric, nation$ #enerall' emplo' more #enero"$ $tandard$ of po0ert' t,an poor nation$.
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4. Answer: Option D 5. Ans#er7 3ption : !. Ans#er7 +ption A Explanation7 In 1&'1;'4 <ermany adopted four year planning *. Ans#er7 +ption 0 Explanation7 <,e =3peration flood= +a$ t,e lar#e$t inte#rated dair' de0elopment pro#ramme of t,e +orld. (t +a$ $tarted b' )ational dair' de0elopment board in 1450. -.* *+aminat,an +a$ t,e fat,er of (ndian #reen re0ol"tion and )orman Borla"# +a$ t,e in0entor of #enetic modified corp$ and ,e +a$ t,e fat,er of t,e #reen re0ol"tion of t,e +orld. ,. Ans#er7 +ption . <rey "e6olution - Fertili8er :e0ol"tion Pin/ "e6olution - 3nion prod"ction>%,armace"tical ?(ndia@>%ra+n prod"ction "ed "e6olution - !eat A <omato %rod"ction "ound "e6olution - %otato :e0ol"tion Sil6er $i%er "e6olution - Cotton :e0ol"tion Sil6er "e6olution - B##>%o"ltr' %rod"ction White "e6olution - !ilk> air' prod"ction ?(n (ndia - 3peration Flood@ =ello# "e6olution; -3il *eed$ prod"ction B0er#reen :e0ol"tion - 30erall de0elopment of A#ric"lt"re 9. Answer: Option D Black :e0ol"tion - %etrole"m %rod"ction Bl"e :e0ol"tion - Fi$, %rod"ction Bro+n :e0ol"tion - Ceat,er>non-con0entional ?(ndia@>Cocoa prod"ction &olden Fibre :e0ol"tion -7"te %rod"ction &olden :e0ol"tion - 30erall Dortic"lt"re de0elopment>Done' %rod"ction 10. Answer: Option C 11. Ans#er7 +ption : B;planation: (ndia ,old$ t,e fir$t po$ition in prod"ction of *"#ar cane and t,e $"#ar. (ndia 4t, lar#e$t rice prod"cin# nation 12. Answer: Option C National Agriculture Insurance Scheme <,e &o0ernment of (ndia e;perimented +it, a compre,en$ion crop in$"rance $c,eme +,ic, failed. <,e &o0ernment t,en introd"ced in 1444-60002 a ne+ $c,eme titled E)ational A#ric"lt"ral (n$"rance *c,emeF ?)A(*@ or E:a$,tri'a .ri$,i Bima 1oGanaF ?:.B1@. )A(* en0i$a#e$ co0era#e of all food crop$ ?cereal$ and p"l$e$@2 oil$eed$2 ,ortic"lt"ral and commercial crop$. (t co0er$ all farmer$2 bot, loanee$ and non-loanee$2 "nder t,e $c,eme. <,e premi"m rate$ 0ar' from 1.5 percent to H.5 percent of $"m a$$"red for food crop$. (n t,e ca$e of ,ortic"lt"ral and commercial crop$2 act"arial rate$ are c,ar#ed. *mall and mar#inal farmer$ are entitled to a

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call: - 7585863866, 7686055974 Achievers Point $"b$id' of 50 percent of t,e premi"m c,ar#ed- t,e $"b$id' i$ $,ared eI"all' bet+een t,e &o0ernment of (ndia and t,e *tate$. <,e $"b$id' i$ to be p,a$ed o"t o0er a period of 5 'ear$. 1. )A(* operate$ on t,e ba$i$ of 6. Area approac,- defined area$ for eac, notified crop for +ide$pread calamitie$. 3n indi0id"al ba$i$- for locali8ed calamitie$ $"c, a$ ,ail$torm$2 land$lide$2 c'clone$ and flood$. 9nder t,e $c,eme2 eac, $tate i$ reI"ired to reac, t,e le0el &ram %anc,a'at a$ t,e "nit of in$"rance in a ma;im"m period of H 'ear$. A$ of 60112 t,e &eneral (n$"rance Corporation of (ndia ?&(C@ i$ implementin# t,e $c,eme2 b"t t,e &o0ernment ,a$ plan$ to $et "p an e;cl"$i0e or#ani8ation for implementation of t,e ne+ $c,eme. E-mail:- pa.acpoint14@rediffmail.com

1'. Ans#er7 +ption :

Clear the confusion over Khariff and Rabbi Rabi (Also called Rabbi) and Kharif are the two agricultural crops related words that have come with the Mughals in the Indian subcontinent and are widely used ever-since. 1 ) The Kharif crops is the autumn harvest ; but better known as the monsoon crops in Indian sub continent(India, Pakistan Srilanka, Nepal). Kharif crops are usually sown with the beginning of the first rains towards the end of May in the state of Kerala during the advent of south-west monsoon season. As the Monsoon rains advance towards the north India the sowing dates are accordingly vary and and it is done in July in North Indian states. These crops are totally dependent on the quantity rain water as well its timing . Too much , too less or at wrong time may lay waste the whole year's efforts . The harvesting begins with Diwali days or slightly earlier during Vijayadashmi days. Since this period coincides with the beginning of Autumn / winter in the Indian sub-continent It is called " Kharif period " and the crops are "Kharif crops" The term Kharif means "autumn" in Arabic. The list of some Kharif crops === Bajra and Jowar,Paddy or Rice,Maize ,Moong and other pulses ,Groundnut , Chillies ( they are now round the year ) Cotton,Soyabean , Sugarcane and Turmeric . 2) The Rabi crop is the spring harvest (also known as the "winter crop") in Indian subcontinent. The term Rabi means "spring" in Arabic, and it coincides with mid April to Mid June. To avoid any confusion == let us remember that these crops are taken AFTER THE DEPARTURE OF MONSOON RAINS FRON THE INDIAN SUBCONNENT. The main source of water for these crops is the the water that has percolated in the ground during the rains. So a good or bountiful rain MAY spoil Kharif crops BUT it is always good or a BOON to Rabi crops. The seeds are sown after the rains have gone and harvesting begins in April / May i.e. totally dry season in India . Rabi crops require water from other sources as wells,lakes and rivers . Major Rabi crop is Wheat in India followed by Barley, Mustard, Sesame and Peas (They are harvested early as they are ready early). SO Indian Markets are flooded with Green Peas from January to March (Peak is Feb.)

14. Ans#er7 +ption 0

$unctions of 0S+7;
The Central Statistics Office is responsible for coordination of statistical activities in the country, and evolving and maintaining statistical standards. Its activities include National Income Accounting;
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call: - 7585863866, 7686055974 Achievers Point conduct of Annual Survey of Industries, Economic Censuses and its follow up surveys, compilation of Index of Industrial Production, as well as Consumer Price Indices for Urban Non-Manual Employees, Human Development Statistics, Gender Statistics, imparting training in Official Statistics, Five Year Plan work relating to Development of Statistics in the States and Union Territories; dissemination of statistical information, work relating to trade, energy, construction, and environment statistics, revision of National Industrial Classification, etc. It has a well-equipped Graphical Unit. The CSO is headed by the Director-General who is assisted by 2 Additional Director-Generals and 4 Deputy DirectorGenerals, Directors & Joint Directors and other supporting staff. The CSO is located in Delhi. Some portion of Industrial Statistics work pertaining to Annual Survey of industries is carried out in Calcutta. it is an international organization. The Central Statistical Organisation (CSO) was set up in the cabinet secretariat on 2 May 1951. CSO is responsible for coordination of statistical activities in India, and evolving and maintaining statistical standards. It has a well-equipped Graphical Unit. The CSO is located in Delhi. Some portion of Industrial Statistics work pertaining to Annual Survey of industries is carried out in Calcutta. E-mail:- pa.acpoint14@rediffmail.com

$unction of Planning 0ommission7;

The Planning Commission's functions as outlined by the Government's 1950 resolution are following: 1. To make an assessment of the material, capital and human resources of the country, including technical personnel, and investigate the possibilities of augmenting those are related resources which are found to be deficient in relation to the nation's requirement. 2. To formulate a plan for the most effective and balanced utilisation of country's resources. 3. To define the stages, on the basis of priority, in which the plan should be carried out and propose the allocation of resources for the due completion of each stage. 4. To indicate the factors that tend to retard economic development. 5. To determine the conditions which need to be established for the successful execution of the plan within the incumbent socio-political situation of the country. 6. To determine the nature of the machinery required for securing the successful implementation of each stage of the plan in all its aspects. 7. To appraise from time to time the progress achieved in the execution of each stage of the plan and also recommend the adjustments of policy and measures which are deemed important vis-a-vis a successful implementation of the plan. 8. To make necessary recommendations from time to time regarding those things which are deemed necessary for facilitating the execution of these functions. Such recommendations can be related to the prevailing economic conditions, current policies, measures or development programmes. They can even be given out in response to some specific problems referred to the commission by the central or the state governments. From a highly centralised planning system, the Indian economy is gradually moving towards indicative planning where the Planning Commission concerns itself with the building of a long-term strategic vision of the future and decide on priorities of nation. It works out sectoral targets and provides promotional stimulus to the economy to grow in the desired direction. It also plays an integrative role in the development of a holistic Facebook: - Achievers Point call: - 7585863866, 7686055974 Achievers Point th Maynadanga, Basana Apartment (4 Floor), near Chinsurah Railway Station

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approach to the policy formulation in critical areas of human and economic development. In the social sector, schemes that require co-ordination and synthesis like rural health, drinking water, rural energy needs, literacy and environment protection have yet to be subjected to coordinated policy formulation. It has led to multiplicity of agencies. The commission has now been trying to formulate an integrated approach to deal with this issue. The Planning Commission has asked the States to hike the power tariff to save the ailing power sector. It also called upon the States to utilise the power subsidy for improvement to essential services like drinking water supply, education and health for promoting inclusive growth.

$unction of 2SS+7;
The National Sample Survey Organisation (NSSO), now known as National Sample Survey Office, is an organization under the Ministry of Statistics of the Government of India. It is the largest organization in India conducting regular socio-economic surveys. It was established in 1950. NSSO has four divisions: 1. Survey Design and Research Division (SDRD) 2. Field Operations Division (FOD) 3. Data Processing Division (DPD) 4. Co-ordination and Publication Division (CPD)

Main Functions
1. Maintenance of sampling frame and updation of Urban Frame Survey Database. 2. Selection of samples and preparation of Sample lists. 3. Manual checking of identification particulars and pre data entry scrutiny. 4. In-house development of validation and tabulation software. 5. Data Entry & Verification of filled-in schedules. 6. Validation of data through various stages covering both content check and coverage check. 7. Preparation of Directory and Multiplier files for estimation of parameters. 8. Tabulation of validated data as per approved tabulation plan. 9. Processing & tabulation of monthly Rural retail price data and release of Quarterly Rural Price Bulletin. 10.Assistance to state statistical agencies in processing of NSS state sample data. 11.Providing training in application of computer and on data processing. 12.Undertaking special data compilation and tabulation work for:Various analytical studies, Methodological studies etc. undertaken by NSSO in support of Working Group/Steering CommitteeSpecial users/Committees/Ministries/Deptts./Orgs. 13.Organising scrutiny feedback workshop for FOD. 14.Providing technical guidance/assistance to NSS Data Users. 15.Meeting Data requirements(Adhoc tabulation/drawing of Samples etc.) and Users queries.

15. Ans#er7 +ption :

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