In India, rural incomes are generally lower than the urban incomes, which of the

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In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this?
1. A large number of farmers are illiterate and know little about scientific agriculture
2. Prices of primary products are lower than those of manufactured products
3. Investment in agriculture has been low when compared to investment in industry
Options
A. I, II, III
B. I, II
C. I, III
D. II, III

Correct Answer

I, II, III

Indian Economy problems

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1. The current price index (base 1960) is nearly 330. This means that
Options
A. all items cost 3-3 times more than what they did in 1960
B. the prices of certain selected items have gone up to 3-3 times
C. weighted means of prices of certain item has increased 3-3 times
D. gold price has gone up 3-3 times

2. The apex body for formulating plans and coordinating research work in agriculture and allied fields is
Options
A. State Trading Corporation
B. Regional Rural Banks
C. National Bank for Agriculture and Rural Development (NABARD)
D. Indian Council of Agricultural Research

6. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
Options
A. 15 to 20 percent
B. 20 to 25 percent
C. 25 to 30 percent
D. 30 to 35 percent

8. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
Options
A. Chemicals other than fertilizers
B. Services sector
C. Food processing
D. Telecommunication

9. The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called
Options
A. Statutory Bank Ratio (SBR)
B. Statutory Liquid Ratio (SLR)
C. Central Bank Reserve (CBR)
D. Central Liquid Reserve (CLR)

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