Indian Economy Mixed Practice — MCQs with Answers (Set 19)

The answer is 1 and 2 only. Muga is tagged to Assam. The West Bengal Directorate of Sericulture lists Arjun, Asan and Sal as tasar host plants. Statement 3 is wrong. India is the second-largest producer of silk, after China.

The answer is 75.67%. Mulberry made 31,119 tonnes of the 41,121 tonnes, in the Ministry of Textiles table. Eri made 19.17%. The 55% figure is the rise in total output since 2013-14, not mulberry’s share. A PIB explainer once gave 92% for mulberry, but the Ministry’s own table does not support it.

The answer is Eri. Eri silkworms eat castor leaves. The moth is allowed to leave the cocoon on its own before the cocoon is spun. No pupa is boiled. That is why PIB calls the silk Ahimsa silk, or peace silk.

Encouraging monoculture is not an objective of RAD. RAD does the opposite. It promotes Integrated Farming Systems so farmers do not depend on a single crop.

A PIB backgrounder of 9 May 2026 gave RAD’s record since 2014-15. It reported Rs 2,119.84 crore released and 8.50 lakh hectares covered. It also reported 14.35 lakh farmers benefited. The 96,013 figure is a PIB training figure, not the cumulative farmer count. A later PIB note gives higher totals as of December 2025.

RAD aims to raise productivity and reduce climate risk through Integrated Farming Systems. It combines crops with horticulture, livestock, fisheries, agroforestry and apiculture on the same farm. It does not build canals or dams.

RAD began in 2014-15. It is a component of the National Mission for Sustainable Agriculture. NMSA itself was launched in 2014-15 under the National Action Plan on Climate Change.

Operation Barga registered the tenancy rights of sharecroppers. This gave them legal security over the land they worked. That security was often missing in other states. West Bengal is cited as a land reform implementation success story.

Many landless families own animals but no cultivable land. Livestock still gives them a real source of income. This income is often underweighted in economic discussions focused mainly on crops.

The White Revolution began in the 1970s. It was led by Operation Flood. Operation Flood used a cooperative dairy model. This made India the world’s largest milk producer.

The mission targeted oilseeds, pulses, and maize. Its goal was cutting India’s import dependence. It aimed to do this by raising domestic yields and production. India still imports a large share of its edible oil today.

The Mahalanobis model shaped India’s Second Five Year Plan (1956-61). It was developed by statistician P.C. Mahalanobis. It prioritized heavy industry and capital goods. This was meant to build long-term industrial capacity, ahead of consumer goods.

India exported pharmaceutical and API products worth $35.8 billion, against estimated global demand of about $1.3 trillion, indicating room for growth.

The eighth edition focused on India’s pharmaceutical sector, examining its export profile, competitive strengths, and gaps against global demand.

Families opting out of a resettlement plot (₹7 lakh for rural, ₹6.50 lakh for urban plots) instead receive ₹12.50 lakh as one-time assistance.

The Ministry called the protest reports misleading, since most eligible families have received full compensation and rehabilitation, with only procedural formalities remaining in a few cases.

SAIL supplied special quality DMR 249A grade hot-rolled sheets and plates, from its Bokaro, Bhilai, and Rourkela Steel Plants.

SAIL supplied the entire 5,700 tonnes of special steel for INS Dunagiri, INS Agray, and INS Sanshodhak, commissioned at Kolkata’s Syama Prasad Mookerjee Port.

ISP is proposed to be compiled using a fixed-weight Laspeyres volume index, with weights based on sectoral GVA contributions.

Health and Education services (excluding Government) are compiled using ASISSE data, since they fall outside GST.

NFRA’s Rule 3 covers the auditors of listed companies and other classes of companies. That is why NFRA is the answer here. SEBI regulates securities markets. The RBI regulates banks. The CCI looks after competition. Memory hook: NFRA is the auditor’s regulator, and ICAI is its professional body.

ICSI proposed a second trigger for Rule 8A: outstanding borrowings above ₹50 crore. The existing Rule 8A trigger is ₹10 crore of paid-up capital for private companies. So the paid-up share capital option describes today’s rule, not the proposal. A turnover of ₹250 crore is a secretarial audit limit in Section 204. Net worth of ₹500 crore is not ICSI’s proposed trigger. Memory hook: ₹10 crore now, ₹50 crore proposed. The proposal was reported in July 2026.

Section 204 of the Companies Act, 2013 requires a secretarial audit for listed companies and other prescribed large companies. Only a Company Secretary in practice can sign the report, in Form MR-3. Section 143 deals with an auditor’s powers and duties. Section 138 deals with internal audit. Section 149 deals with directors. Memory hook: 204 is for secretarial audit.

ICSI was set up in 1968 as a company under the Companies Act, 1956. It became a statutory body only on 1 January 1981, under the Company Secretaries Act, 1980. So 1 January 1981 is the statutory date, not the founding date. The options that pair 1968 with the 1980 Act mix the two events. The 15 August option gives a different day for the company. Memory hook: 1968 for the company, 1981 for the Act.