Indian economy miscellaneous


  1. Rashtriya Krishi Bima Yojana was introduced in









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    The Rashtriya Krishi Bima Yojna was introduced in 1999. The scheme provides comprehensive risks insurance against yield losses viz. Drought, Hailstorm, Floods, Pests Disease etc. It is implemented by the Agriculture Insurance Corporation of India (AIC).

    Correct Option: C

    The Rashtriya Krishi Bima Yojna was introduced in 1999. The scheme provides comprehensive risks insurance against yield losses viz. Drought, Hailstorm, Floods, Pests Disease etc. It is implemented by the Agriculture Insurance Corporation of India (AIC).


  1. SEBI was set up in









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    The Securities and Exchange Board of India (SEBI) was established in the year 1988 and given statutory powers on 12 April 1992 through the SEBI Act, 1992. It is the regulator for the securities market in India.

    Correct Option: D

    The Securities and Exchange Board of India (SEBI) was established in the year 1988 and given statutory powers on 12 April 1992 through the SEBI Act, 1992. It is the regulator for the securities market in India.



  1. The new Agricultural Strategy in India was introduced in









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    In India, a new agricultural strategy was initiated in 1966-67. This initiative heralded the introduction of High Yield Variety of wheat to tackle food security and led to the Green Revolution in India.

    Correct Option: B

    In India, a new agricultural strategy was initiated in 1966-67. This initiative heralded the introduction of High Yield Variety of wheat to tackle food security and led to the Green Revolution in India.


  1. Development that meets the needs of the present, without compromising the ability of future generations to meet their own needs was the focal point of Brundtland Commission is









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    As defined by the Brundtland Commission in its 1987 report Our Common Future, sustainable development is the “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”

    Correct Option: A

    As defined by the Brundtland Commission in its 1987 report Our Common Future, sustainable development is the “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”



  1. Agriculture should serve as an instrument of income, livelihood and opportunity to the local community — this statement was given by









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    According to M.S. Swaminathan, agriculture must serve as an instrument of income and livelihood opportunity as well as of food production. He argues that the economic benefits of agro-processing and agribusiness should be taken to poor families through rural value-added enterprises and partnerships with the private sector.

    Correct Option: D

    According to M.S. Swaminathan, agriculture must serve as an instrument of income and livelihood opportunity as well as of food production. He argues that the economic benefits of agro-processing and agribusiness should be taken to poor families through rural value-added enterprises and partnerships with the private sector.