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
Important Questions on Indian Economy
Assertion (A):Though India's national income has gone up several fold since 1947, there has been no marked improvement in the per capita income level.
Reason (R): Sizeable proportion of the population of lndia is still living below the poverty line.
In the context of the above two statements, which one of the following is correct?
“They are fantastically diverse.They speak hundreds of languages and dialects. They comprise scores of ethnic groups. They include highly industrialised economies and up and coming economies. They span half the surface of the earth and are home to two-fifths of the world’s population.”
The group of countries referred to here belong to:
Which of the following sets of commodities are exported to India by arid and semi-arid countries in the Middle East?
Most of the international agencies which fund development programmes in India on intergovernmental bilateral agreements, mainly provide:
1.Technical assistance
2.Soft loans which are required to be paid back with interest
3.Grants, not required to be paid back
4.Food assistance to alleviate poverty
The sum of which of the following constitutes Broad Money in India?
1. Currency with the public
2. Demand deposits with banks
3. Time depostis with bans
4. Other deposits with RBI
Choose the correct answer using the codes given below:
Match
List I List Il
(Committees) (Chaired by)
- Disinvestment of shares in Public Sector Enterprises 1. Rajah Chelliah
- Industrial Sickness 2. Omkar Goswami
- Tax Reforms 3. R. N. Malhotra
- Reforms in Insurance 4. C. Rangarajan
