The Gandhian economy is based on the principle of:

• Competition
• Trusteeship
• State Control
• None of the above
Solution
Correct Option: B  [ Trusteeship ]

Explanation:

Tertiary sector activities include

• Cottage industries
• Mining activities
• Construction activities
• Infrastructure services
Solution
Correct Option: D  [ Infrastructure services ]

Explanation:

Poverty is defined as:

• A monetary condition brought about by people's own laziness
• A monetary condition where people do not have enough to satisfy basic needs
• A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income
• All of the above
Solution
Correct Option: C  [ A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income ]

Explanation:

Which activity is not included in service sector ?

• Trade, hotels and restaurants
• Real estate, finance and insurance
• Transport and communication
• Electricity, gas and water supply
Solution
Correct Option: D  [ Electricity, gas and water supply ]

Explanation:

Who was the father of Operation Flood in India ?

• Dr. Varghese Kurien
• M. S. Swaminathan
• A P J Abdul Kalam
• Morarji Desai
Solution
Correct Option: A  [ Dr. Varghese Kurien ]

Explanation: Operation Flood related to Milk Production.

Green revolution occurred during:

• 1945-1955
• 1965-1975
• 1985-1995
• none of these
Solution
Correct Option: B  [ 1965-1975 ]

Explanation:

Who was the first Governor of Reserve Bank of India (RBI)?

• C D Deshmukh
• Sir Osborne Smith
• James Braid Taylor
• Benegal Rama Rau
Solution
Correct Option: B  [ Sir Osborne Smith ]

Explanation: from 1935 to 1937

National Development Council was set up in:

• 1950
• 1951
• 1952
• 1954
Solution
Correct Option: C  [ 1952 ]

Explanation:

Which of the following sector gives the largest income in India ?

• Trade sector
• Railway
• Agriculture
• Service sector
Solution
Correct Option: D  [ Service sector ]

Explanation:

Economic growth is usually coupled with ___________.

• deflation
• inflation
• Stagflation
• hyper inflation
Solution
Correct Option: B  [ inflation ]

Explanation: