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NDA Exam I 2016: Sample Question Set 2- Economics

Dear Aspirants, we are providing the set of 10 multiple choice question (MCQ) based on the Economics, which comes under the Part A of the General Ability paper. It will be helpful to understand the pattern of Economics question which can be asked in the coming NDA Exam I 2016.

Apr 1, 2016 12:19 IST
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NDA Exam I 2016 – 17th April 2016
(Economics)

1. Consider the following statement:
The price of any currency in international market is decided by the
1. World Bank
2. Demand for goods/services provided by the country concerned
3. Stability of the government of the concerned country
4. Economic potential of the country in question.
Select the correct answer using the codes given below:
a.1,2 ,3 and 4
b.2 and 3 only
c.3 and 4 only
d.1 and 4 only
 Ans b

2.  Which of the following is not covered under the Public Distribution System in India?
(a)  Wheat
(b) Rice
(c) Sugar
(d)  Pulses
Ans d

3. When was the Targeted Public Distribution system started in India?
(a) 1956
(b) 1984
(c) 1997
(d) 1992
Ans c

4.  What percentage of total population of India will be covered under the National Food Security Bill?
(a)75%
(b)67%
(c)90%
(d)50%
Ans b

5. How much maternity benefits will be given to the pregnant mothers under the National Food Security Bill?
(a)Rs. 5000/year
(b)Rs.6000/year
(c)Rs.3000/year
(d)Rs.4000/year
Ans b

6. Where is the Headquarter of NABARD?
(a)Delhi
(b)Kolkata
(c)Mumbai
(d)Chandigarh
Ans c

7. Where is the Headquarter of SIDBI?
(a)Mumbai
(b)Delhi
(c)Ahmadabad
(d)Lucknow
Ans d

8. Which agency is responsible for procurement, distribution and storage of food grain production in India?
(a)  Ministry of Agriculture
(b)  Food Corporation of India
(c) NAFED
(d) TRIFED
Ans b

9. Who approves the Fair and Remunerative Price (FRP) of sugarcane?
(a) Cabinet Committee on Economic Affairs
(b) Commission for Agricultural Costs and Prices
(c) Directorate of Marketing and Inspection, Ministry of Agriculture
(d) Agricultural Produce Market Committee
Ans a

10. Who regulates the markets in agricultural products in India?
(a) Essential Commodities Act, 1955
(b) Agricultural Produce Market Committee Act enacted by States
(c) Agricultural Produce (Grading and Marking) Act, 1937
(d) Food Products Order, 1956 and Meat and Food Products Order, 1973
Ans b

NDA Exam I 2016: Sample Question Set 1- Economics

NDA Exam I 2016: Sample Question Set 6- History

NDA Exam I 2016: Sample Question Set 6- Geography

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