Indian Economy Section 2 MCQs

16. In which of the five year plan in India, the concept of Financial Inclusion was included for the first time?

(A) 8th Five Year Plan
(B) 9th Five Year Plan
(C) 10th Five Year Plan
(D) 11th Five Year Plan

Correct Answer: (D) 11th Five Year Plan

17. In context with the flow of the rural credit , which among the following comes at the last ?

(A) Primary Agricultural Cooperative Societies
(B) District Central Cooperative Banks
(C) State Agricultural Co-op Banks
(D) NABARD

Correct Answer: (A) Primary Agricultural Cooperative Societies

18. In which year India launched Targeted Public Distribution System ?

(A) 1995
(B) 1996
(C) 1997
(D) 1998

Correct Answer: (C) 1997

Answer Explanation:
The Targeted Public Distribution System (TPDS) replaced the erstwhile PDS from June 1997. Under the new system a two tier subsidized pricing system was introduced to benefit the poor.

19. Which among the following does not come under ISOPOM scheme?

(A) Oil Seeds
(B) Pulses
(C) Oil Palm
(D) Rice

Correct Answer: (D) Rice

Answer Explanation:
The first programme on Oilseeds was launched in 1986 as Technology Mission on Oilseeds (TMO). The core idea was to increase the production and productivity of oilseeds to make the country self-reliant in this vital sector. Later Pulses, Oil Palm & Maize were brought in its ambit in the 1990s. The scheme was later restructured in 2004 as Integrated Scheme of OilSeeds, Pulses,Oilpalm and Maize (ISOPOM).

20. Countervailing duty is imposed on which of the following?

(A) imported goods
(B) exported goods
(C) imported good on which import subsidy is applicable
(D) exported goods on which export subsidy is applicable

Correct Answer: (A) imported goods

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