Announcement
Fiscal Policy
Which concept of farming is based on the principle of using zero purchased inputs and zero external credit to break the debt cycle?
- A Precision Farming
- B Zero Budget Natural Farming (ZBNF)
- C Hydroponics
- D Integrated Nutrient Management
ZBNF promotes natural growth using cow dung/urine based inputs instead of chemical fertilizers.
How many mandated crops are currently covered under the Minimum Support Price (MSP) regime in India?
- A 20
- B 22
- C 23
- D 25
There are 22 mandated crops plus FRP for sugarcane (total 23).
Which agency serves as the lead implementing agency for the e-NAM (National Agriculture Market) portal?
- A Food Corporation of India (FCI)
- B NABARD
- C Small Farmers’ Agribusiness Consortium (SFAC)
- D NITI Aayog
SFAC is the lead agency implementing the electronic trading portal.
The ‘Fair and Remunerative Price’ (FRP) is a price floor specifically announced for which crop?
- A Wheat
- B Cotton
- C Sugarcane
- D Raw Jute
FRP is the mandated price specifically for sugarcane.
Which of the following is NOT included in the ‘Index of Eight Core Industries’ in India?
- A Textiles
- B Natural Gas
- C Cement
- D Fertilizers
The core industries include Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity.
Under the 2020 revised definition of MSMEs, what is the composite criterion used for classification?
- A Only the number of employees
- B Investment in plant/machinery and annual turnover
- C Export value and investment
- D Annual turnover and power consumption
The 2020 revision used a composite of investment and turnover.
What is the primary objective of the Production Linked Incentive (PLI) scheme?
- A To nationalize micro-enterprises
- B To encourage domestic manufacturing and improve cost competitiveness
- C To provide direct cash transfers to rural laborers
- D To reduce the interest rates on corporate loans
PLI provides financial incentives on incremental sales to boost local manufacturing.
The term ‘Disguised Unemployment’ generally refers to a situation where:
- A Workers move from one job to another
- B Marginal productivity of labor is zero
- C People are willing to work but find no work
- D Workers have high technical skills but low-paying jobs
Disguised unemployment means more people work than needed, so the marginal worker contributes nothing to output.
Which committee was the first to define the poverty line in India based on nutritional requirements (calories)?
- A Lakdawala Committee
- B Tendulkar Committee
- C Alagh Committee
- D Rangarajan Committee
The Alagh Committee (1979) introduced calorie-based poverty lines.
The Multidimensional Poverty Index (MPI) released by NITI Aayog uses which three dimensions?
- A Income, Assets, and Credit
- B Health, Education, and Standard of Living
- C Nutrition, Housing, and Transport
- D Literacy, Longevity, and Per Capita Income
MPI dimensions are Health, Education, and Standard of Living.
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