Indian Economy MCQs

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Fertilizers are used by farmers for the better crop growth. Normally compost is considered as the balanced fertilizer as it does not harm plants and increase the productivity. But considering artificial fertilizers a balanced fertilizer is chosen which have balanced amount of NPK. Generally, nitrogen is used by plants to produce green growth and potassium for flower and fruit development. A balanced fertilizer such as 10-10-10 of NPK is a good choice for vegetables and other high-nutrient plants.

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Acute diarrhoea and cholera result from bacteria or viruses in contaminated water. Schistosomiasis is a parasitic disease transmitted through freshwater infested with larval forms released by snails. The World Health Organization lists these as common waterborne diseases in developing regions with poor water, sanitation, and hygiene services. Outbreaks occur frequently in areas lacking adequate safe water supply and sanitation infrastructure.

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Merit goods are the goods that are provided generally by the government to certain sections of society. Unlike in the case of pure public goods, merit goods are not provided to the entire society; rather they are given to certain targeted people. They Have positive externalities Ex: health, education
 

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British economist, John Maynard Keynes, argued against the long-held view that free markets would automatically provide full employment, spearheading a revolution in economic thinking. He proposed that state intervention is required during boom and bust cycles of the economy, a policy adopted by most western economies during the thirties. This went out of fashion by the seventies, but the world still looks to the Keynesian policy during economic crises.

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Amartya Sen, an Indian economist and Nobel laureate, was conferred the Bharat Ratna in 1999 for his contributions to welfare economics and social choice theory.

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NITI Aayog established on 1 January 2015. Its full form is a National Institution for Transforming India. It replaced the Planning commission.

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According to the Agriculture Census of India 2015-16, the average size of operational holdings has decreased to 1.08 hectares. Recent estimates, including NABARD All India Rural Financial Inclusion Survey 2016-17, place the average farm size at around 0.74 hectares. The average size was 2.28 hectares in 1970-71. Approximately 86% of Indian farmers are small or marginal with less than 2 hectares.

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India’s Seed Vault is located at Chang La (Ladakh) in the Himalayas, at a height of 17,300 feet, there is a storage facility with over 5,000 seed accessions. One accession consists of a set of seeds of one species collected from different locations or different populations.

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Sudan produced approximately 1.37 million tonnes of sesame seeds in 2025. Major sesame producing regions in Sudan include the Nile and Blue Nile areas. Sudan surpassed India and Myanmar in annual sesame seed production. FAO and other global agricultural databases confirm Sudan as the top sesame producing country as of 2025.

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Global poultry meat production is projected at 109.6 million metric tons in 2026. Chicken is raised more than any other animal worldwide. The United States forecasts chicken production at 22 million tons. China projects 16.7 million tons, Brazil 15.7 million tons, and the European Union 11.9 million tons. Chicken consumption per capita outpaces beef and pork globally.