Wednesday, February 26, 2020

WBCS Polity and Constitution MCQs Prelims and Mains

Indian Economy For Competitive Exams UPSC | SSC | Rail | State PSC P23


Page 23

111. The credit co-operative institution at the village level is called -
(A) Agricultural Loan Society
(B) Rural Bank
(C) Primary Agricultural Credit Society
(D) Rural Agricultural Credit Society

Correct Answer: [C] Primary Agricultural Credit Society.
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112. Find out the statement which is false. Financial Structural reform needs
(A) reduce inflationary pressure
(B) increase in the balance of payment deficit
(C) fall in government budget deficit
(D) increase in profitability of economic sectors

Correct Answer: [B] increase in the balance of payment deficit.
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113. Panchayats
(A) Are entitled to Government grants only
(B) Are authorized to levy and collect taxes, duties tolls, and fees
(C) Are authorized to levy taxes only
(D) Have no power to levy taxes

Correct Answer: [B] Are authorized to levy and collect taxes, duties tolls, and fees.
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114. The National Bank for Agriculture and Rural Development (NABARD) was established in
(A) 1983
(B) 1984
(C) 1981
(D) 1982

Correct Answer: [D] 1982.
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115. The New Agricultural Strategy was introduced in India in the decade of —
(A) 1970's
(B) 1960's
(C) 1950's
(D) None of the above

Correct Answer: [B] 1960's.
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