Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources. Typically, it applies to markets where goods or services are bought and sold. This is in contrast to macroeconomics, which involves the “sum total of economic activity, dealing with the issues of growth, inflation, and unemployment.” So study of sales of TISCO will come under microeconomics.

Correct Option: B

Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources. Typically, it applies to markets where goods or services are bought and sold. This is in contrast to macroeconomics, which involves the “sum total of economic activity, dealing with the issues of growth, inflation, and unemployment.” So study of sales of TISCO will come under microeconomics.

SIDBI stands for Small Industries Development Bank of India. It is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India. It was set up on April 2, 1990 through an act of parliament.

Correct Option: B

SIDBI stands for Small Industries Development Bank of India. It is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India. It was set up on April 2, 1990 through an act of parliament.

NABARD stands for National Bank for Agriculture and Rural Development. It is an apex development bank in India having headquarters based in Mumbai (Maharashtra). It was established on 12 July 1982 and accredited with matters credit for agriculture and other economic activities in rural areas in India.

Correct Option: B

NABARD stands for National Bank for Agriculture and Rural Development. It is an apex development bank in India having headquarters based in Mumbai (Maharashtra). It was established on 12 July 1982 and accredited with matters credit for agriculture and other economic activities in rural areas in India.

The Reserve Bank of India was nationalised on 1 January 1949 under the Reserve Bank (Transfer of Public Ownership) Act, 1948. Since then, RBI started working as a government owned central bank of India. It was founded on 1 April 1935.

Correct Option: A

The Reserve Bank of India was nationalised on 1 January 1949 under the Reserve Bank (Transfer of Public Ownership) Act, 1948. Since then, RBI started working as a government owned central bank of India. It was founded on 1 April 1935.

According to Prof. Kindleberger, Todaro, Lewis and Nurkse etc., agriculture makes its contribution to economic development in several ways, viz.,: l By providing food and raw material to non-agricultural sectors of the economy, l By creating demand for goods produced in non-agricultural sectors, by the rural people on the strength of the purchasing power, earned by them on selling the marketable surplus, l By providing investable surplus in the form of savings and taxes to be invested in non-agricultural sector, l By earning valuable foreign exchange through the export of agricultural products, etc.

Correct Option: D

According to Prof. Kindleberger, Todaro, Lewis and Nurkse etc., agriculture makes its contribution to economic development in several ways, viz.,: l By providing food and raw material to non-agricultural sectors of the economy, l By creating demand for goods produced in non-agricultural sectors, by the rural people on the strength of the purchasing power, earned by them on selling the marketable surplus, l By providing investable surplus in the form of savings and taxes to be invested in non-agricultural sector, l By earning valuable foreign exchange through the export of agricultural products, etc.