Indian Economy MCQs

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The Tank irrigation is more in the rocky plateau area of the county, where the rainfall is uneven and highly seasonal. The Eastern Madhya Pradesh, Chhattisgarh, Orissa, Interiors of Tamil Nadu and some parts of Andhra Pradesh have more land under tank irrigation.

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India’s first tribal circuit tourism project under the Swadesh Darshan scheme has launched at Gangrel in Chhattisgarh on September 13. It covers 13 sites in Chhattisgarh which are Jashpur, Kunkuri, Mainpat, Kamleshpur, Maheshpur, Kurdar, Sarodadadar, Gangrel, Kondagaon, Nathiya Nawagaon, Jagdalpur, Chitrakoot and Tirthgarh. Under the tribal circuit theme of the scheme the Ministry of Tourism has sanctioned 4 projects to Nagaland, Telangana and Chhattisgarh for Rs. 380 crore. Major components sanctioned in the tribal circuit theme include eco log huts, craft haats, souvenir shops or kiosk, tourist reception and facilitation centres, open amphitheatre, tribal interpretation centres, workshop centres, tourist amenities centres, last mile connectivity, wayside amenities, viewpoints, nature trails, solar illuminations, signages and solid waste management among others. The Swadesh Darshan scheme was launched in 2014 -15 for development of thematic circuits in the country in a planned and prioritized manner.

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The New Development Bank which is also known as BRICS Development Bank has its headquarters in Shanghai, China. It is multilateral development bank established by BRICS states (Brazil, Russia, India, China and South Africa).

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Infrastructure Debt Funds (IDFs) in India can be sponsored by commercial banks under RBI guidelines. The Reserve Bank of India permits scheduled commercial banks with a profit track record to sponsor IDF-NBFCs. IDFs facilitate long-term debt funding for infrastructure projects. IDFs may also be structured and sponsored by NBFCs. IDF-NBFCs are regulated by RBI, while IDF-MFs are regulated by SEBI.

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Solar mini-grids use solar photovoltaic panels to generate electricity. They are classified as non-conventional energy sources in India. Distributed renewable energy initiatives have installed solar mini-grids in rural areas under government schemes. Solar energy is renewable and does not emit greenhouse gases. By June 2024, multiple villages in India have been electrified using solar mini-grids. Solar power is not traditional in Indian rural energy use.

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India adopts the per capita consumption expenditure method to define poverty line status. The Rangarajan Committee in 2014 revised this threshold to ₹972 per person per month in rural areas and ₹1407 per person per month in urban areas. Estimation uses National Sample Survey Office data. Poverty line decisions now rest with NITI Aayog’s task force. Earlier, the Tendulkar Committee (2009) recommended changes from calorie intake norms.

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The Addu Tourism Zone is located in Addu City, Maldives. India and Maldives collaborate on the Hankendi Integrated Tourism Development Project in this zone. India supports the project via a Line of Credit. Infrastructure works include land reclamation, beach protection, and bridges. Projects, such as land reclamation of 184.3 hectares and related infrastructure, are executed by Indian firm AFCONS. Addu Atoll is part of Maldives.

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In the calculation of national income, the value of goods and services produced in a year is added. While the value of old sold goods and the services of the housewife is not added.

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The liberalization of the economy in 1991 led to a decrease in government control over the economy. The control of private entities over the economy has increased. FDI was allowed and convertibility of rupee was started.

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Economic growth increases household incomes and boosts food affordability. Higher income levels raise food demand and production capacity. According to World Bank data, countries with higher GDP per capita have lower levels of food insecurity. The Food and Agriculture Organization notes that poverty, conflict, and adverse climate conditions impede food security, whereas economic advancement helps reduce hunger and improves nutrition access.