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Economy Practice Set 04

Authored practice, not a verbatim PYQ. 25 CAPF-level economy MCQs with answer key and one-line explanations, full-syllabus span across agriculture, industry, infrastructure and energy.

CAPF wiki•6 min read•4 sections
At a glance
PaperPaper ISubjectEconomy

Authored practice, not a verbatim PYQ. Twenty-five single-correct MCQs in CAPF Paper I objective style, spanning agriculture, rural economy, industry, infrastructure and energy. Attempt closed-book, then check the key. For year-sensitive figures, verify the latest.

Questions

Q1The Minimum Support Price (MSP) for crops is recommended by the:
  1. AReserve Bank of India
  2. BCommission for Agricultural Costs and Prices (CACP)
  3. CSEBI
  4. DFinance Commission
Q2The "White Revolution" in India is associated with:
  1. AFoodgrain production
  2. BMilk production
  3. CFish production
  4. DEgg production
Q3The "Blue Revolution" relates to:
  1. AOilseeds
  2. BFisheries and aquaculture
  3. CPulses
  4. DCotton
Q4Operation Flood, a landmark dairy programme, was led by:
  1. AM S Swaminathan
  2. BVerghese Kurien
  3. CNorman Borlaug
  4. DC Rangarajan
Q5Which of the following is the largest contributor to India's Gross Value Added in recent years?
  1. AAgriculture
  2. BServices sector
  3. CMining
  4. DConstruction only
Q6Contract farming refers to:
  1. AGovernment takeover of farms
  2. BAn agreement between farmers and buyers fixing terms before production
  3. CCooperative banking
  4. DLand redistribution
Q7The "Special Economic Zones" (SEZs) are set up mainly to:
  1. APromote exports and attract investment with relaxed rules
  2. BDistribute foodgrains
  3. CProvide pensions
  4. DRegulate banks
Q8Which sector is classified as the "secondary" sector?
  1. AAgriculture and mining
  2. BManufacturing and construction
  3. CBanking and trade
  4. DEducation and health
Q9The Index of Industrial Production (IIP) measures growth in:
  1. AAgriculture
  2. BIndustrial output (mining, manufacturing, electricity)
  3. CServices
  4. DExports
Q10"Make in India", launched in 2014, aims to:
  1. ABoost manufacturing and make India a global manufacturing hub
  2. BPromote tourism only
  3. CDistribute subsidies
  4. DReform the judiciary
Q11Which of the following is a source of renewable energy promoted by India?
  1. ACoal
  2. BSolar power
  3. CDiesel
  4. DNatural gas
Q12The International Solar Alliance, co-founded by India, is headquartered in:
  1. AGeneva
  2. BGurugram (Gwal Pahari), India
  3. CParis
  4. DNew York
Q13The "PM Gati Shakti" initiative focuses on:
  1. AIntegrated infrastructure and logistics planning
  2. BCrop insurance
  3. CHealth insurance
  4. DBanking reform
Q14Foodgrain procurement and buffer stock management in India is handled by the:
  1. AFood Corporation of India
  2. BSEBI
  3. CNITI Aayog
  4. DRBI
Q15The "Golden Quadrilateral" is a network of:
  1. ARailways
  2. BHighways connecting Delhi, Mumbai, Chennai and Kolkata
  3. CPorts
  4. DPower lines
Q16"Disinvestment of public sector undertakings" is overseen by which department?
  1. ADIPAM (Department of Investment and Public Asset Management)
  2. BSEBI
  3. CRBI
  4. DCACP
Q17Which crop revolution is associated with oilseeds production?
  1. AYellow Revolution
  2. BPink Revolution
  3. CSilver Revolution
  4. DGrey Revolution
Q18The agricultural sector employs the largest share of India's workforce but contributes a:
  1. ALarger share of GDP than services
  2. BSmaller share of GDP relative to its workforce share
  3. CZero share of GDP
  4. DHigher share than industry and services combined
Q19The term "MSME" stands for:
  1. AMicro, Small and Medium Enterprises
  2. BMinistry of State and Money Exchange
  3. CMajor Steel Manufacturing Enterprises
  4. DMulti-State Marketing Establishments
Q20Which one of the following is the apex body for power-sector regulation at the central level?
  1. ACentral Electricity Regulatory Commission
  2. BSEBI
  3. CIRDAI
  4. DTRAI
Q21"Kharif" crops are sown:
  1. AIn winter and harvested in summer
  2. BWith the onset of the monsoon and harvested in autumn
  3. CThroughout the year
  4. DOnly in irrigated land
Q22The "Pink Revolution" refers to growth in:
  1. AMeat and poultry processing
  2. BFoodgrains
  3. CFertiliser
  4. DPulses
Q23Cooperative societies in India function under which constitutional provision after the 97th Amendment?
  1. ARight to form cooperative societies as a fundamental right
  2. BAbolition of cooperatives
  3. CBanking regulation only
  4. DNone
Q24Which fuel dominates India's installed power generation capacity historically?
  1. ANuclear
  2. BCoal-based thermal power
  3. CWind
  4. DTidal
Q25"Ethanol blending" with petrol is promoted mainly to:
  1. AReduce crude oil imports and support farmers
  2. BIncrease pollution
  3. CRaise taxes
  4. DReplace electricity

Answer key

Reveal the answer key and full worked solutions
Q Answer Why
1 (b) CACP recommends MSP for notified crops.
2 (b) The White Revolution boosted milk production.
3 (b) The Blue Revolution relates to fisheries and aquaculture.
4 (b) Verghese Kurien led Operation Flood, the dairy cooperative movement.
5 (b) Services contribute the largest share of India's Gross Value Added.
6 (b) Contract farming fixes purchase terms between farmers and buyers in advance.
7 (a) SEZs promote exports and investment through relaxed rules.
8 (b) Manufacturing and construction form the secondary sector.
9 (b) IIP tracks mining, manufacturing and electricity output.
10 (a) Make in India seeks to boost manufacturing's share and jobs.
11 (b) Solar power is renewable; coal, diesel and gas are fossil fuels.
12 (b) The International Solar Alliance is headquartered at Gurugram, India.
13 (a) PM Gati Shakti is an integrated infrastructure and logistics master plan.
14 (a) The Food Corporation of India manages procurement and buffer stocks.
15 (b) The Golden Quadrilateral links the four metros by highways.
16 (a) DIPAM handles disinvestment and public asset management.
17 (a) The Yellow Revolution relates to oilseeds.
18 (b) Agriculture employs the most workers but contributes a smaller GDP share.
19 (a) MSME means Micro, Small and Medium Enterprises.
20 (a) The Central Electricity Regulatory Commission regulates the central power sector.
21 (b) Kharif crops are sown with the monsoon and harvested in autumn.
22 (a) The Pink Revolution refers to meat and poultry processing.
23 (a) The 97th Amendment made forming cooperatives a fundamental right (Article 19).
24 (b) Coal-based thermal power dominates installed capacity historically.
25 (a) Ethanol blending cuts crude imports and supports sugarcane and grain farmers.

Cross-references

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