Economics Practice Quiz 30

Q1.What financial support is proposed to help poor farmers like Laxmi afford necessary agricultural inputs at a reasonable rate?

A. Direct cash transfers from international aid organizations B. High-interest loans from private moneylenders C. Cheap agricultural credit from the local bank D. Bartering crops for equipment

Q2.To tackle the problem of underemployment, what strategy is suggested regarding industries and services in semi-rural areas?

A. Shifting all industries to large urban centres B. Identifying, promoting, and locating industries and services in semi-rural areas C. Discouraging industrial growth in rural regions D. Focusing solely on traditional handicrafts

Q3.Setting up a dal mill in semi-rural areas is given as an example of providing employment by processing which specific pulse crops?

A. Wheat and rice B. Arhar and chickpea C. Maize and barley D. Soybeans and lentils

Q4.What facility is mentioned as an opportunity for farmers to store products like potatoes and onions and sell them when the price is good?

A. Community granaries B. Open-air markets C. Cold storage D. Private warehouses in urban areas

Q5.In villages near forest areas, what type of centre can be started to enable farmers to sell wild honey?

A. Timber processing units B. Honey collection centres C. Wildlife sanctuaries D. Medicinal plant nurseries

Q6.Which of the following agricultural products are specifically mentioned as suitable for processing industries in semi-rural areas?

A. Coffee, tea, and rubber B. Cotton, jute, and silk C. Potato, sweet potato, rice, wheat, tomato, fruits D. Spices, herbs, and medicinal plants

Q7.What is the full form of MGNREGA, as mentioned in the text, and in which year was it enacted?

A. Mahatma Gandhi National Rural Education Guarantee Act 2005 B. Mahatma Gandhi National Rural Employment Guarantee Act 2005 C. Mahatma Gandhi National Rural Energy Generation Act 2005 D. Mahatma Gandhi National Rural Empowerment Grant Act 2005

Q8.Under MGNREGA 2005, how many days of employment were guaranteed in a year by the government for eligible individuals in rural areas?

A. 50 days B. 75 days C. 100 days D. 150 days

Q9.According to the MGNREGA 2005, what would the government provide if it failed in its duty to provide employment?

A. Skill development training B. Unemployment allowances C. Free housing D. Food subsidies

Q10.What type of work was given preference under the MGNREGA 2005?

A. Work that would promote cultural heritage B. Work that would improve urban infrastructure C. Work that would help to increase production from land D. Work that would focus on digital literacy

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Economics Practice Quiz 30