Topic

Financial Position and Agriculture of Punjab - Part 1 - Topic Guide and MCQs

Part of General Knowledge > Economy of Punjab - 25 questions, about 12.5 min, with an explanation after every answer.

25
Question count
about 12.5 min
Estimated time
Mixed
Difficulty
02 Nov 2026
Last updated
Quick answer

Financial Position and Agriculture of Punjab - Part 1 is a topic inside General Knowledge (Economy of Punjab). It runs 25 untimed MCQs - roughly 12.5 min - and the review explains every answer once you submit.

Topic introduction

What Financial Position and Agriculture of Punjab - Part 1 covers

The shape of the set before you start it.

Financial Position and Agriculture of Punjab - Part 1 sits inside General Knowledge, under the Economy of Punjab lane, and the portal keeps it as one self-contained set: 25 questions, four options each, no clock and a written explanation behind every answer.

Attempt it once to find the gaps, read why each distractor is wrong, then retake the same set a few days later. The questions you miss twice are the ones worth writing down.

Curated by Gurpreet Singh · Punjab Police SI, Rank 2 (713/800) · Founder, House of Aspirants · Read his story →

Question bank

Financial Position and Agriculture of Punjab - Part 1: all 25 questions

Read the question, pick an option, then open the answer.

  1. According to the chapter figures, Punjab is the ____ largest state economy in India.

    1. 13th
    2. 15th
    3. 17th
    4. 19th
    Show answer

    Answer: (B) 15th

    Explanation: Punjab is described as the 15th-largest state economy in India. The other positions are not the position given for Punjab. This is a ranking of economic size, not per-capita GSDP.

  2. What was Punjab's GSDP as given in the chapter figures?

    1. ₹6.02 lakh crore
    2. ₹7.02 lakh crore
    3. ₹8.02 lakh crore
    4. ₹9.02 lakh crore
    Show answer

    Answer: (C) ₹8.02 lakh crore

    Explanation: Punjab's GSDP is given as ₹8.02 lakh crore, also expressed as ₹8.02 trillion. The other figures are not the stated GSDP. GSDP measures the value of goods and services produced within the state in a year.

  3. Punjab's per-capita GSDP was about:

    1. ₹2.14 lakh
    2. ₹2.64 lakh
    3. ₹3.14 lakh
    4. ₹3.64 lakh
    Show answer

    Answer: (B) ₹2.64 lakh

    Explanation: The stated per-capita GSDP is about ₹2.64 lakh. The other amounts are not the figure provided. The same indicator places Punjab 17th among states.

  4. Consider the following statements about Punjab's per-capita GSDP:1.It was about ₹2.64 lakh.2.Punjab was placed 17th among states on this indicator.Which of the above is/are correct?

    1. 1 only
    2. 2 only
    3. Both 1 and 2
    4. Neither 1 nor 2
    Show answer

    Answer: (C) Both 1 and 2

    Explanation: Both statements are correct: the amount is about ₹2.64 lakh and the stated position is 17th among states. Therefore, options 1 and 2 individually are incomplete. This ranking concerns per-capita GSDP, not total economic size.

  5. What was Punjab's revenue deficit in 2024-25?

    1. ₹21,955 crore
    2. ₹23,198 crore
    3. ₹30,465 crore
    4. ₹39,971 crore
    Show answer

    Answer: (B) ₹23,198 crore

    Explanation: The revenue deficit for 2024-25 is ₹23,198 crore. ₹30,465 crore is the fiscal deficit for that year, while ₹21,955 crore and ₹39,971 crore belong to the 2026-27 Budget figures. The revenue deficit was stated as 2.9% of GSDP.

  6. Punjab's fiscal deficit in 2024-25 was ₹30,465 crore, which was what percentage of GSDP?

    1. 2.9%
    2. 3.8%
    3. 4.1%
    4. 4.5%
    Show answer

    Answer: (B) 3.8%

    Explanation: The 2024-25 fiscal deficit was ₹30,465 crore, equal to 3.8% of GSDP. The 2.9% figure relates to the revenue deficit. The 4.1% figure is the 2026-27 Budget fiscal-deficit percentage.

  7. Consider the following statements about Punjab's public debt:1.It was ₹3.74 lakh crore.2.It was about 45% of GSDP.Which of the above is/are correct?

    1. 1 only
    2. 2 only
    3. Both 1 and 2
    4. Neither 1 nor 2
    Show answer

    Answer: (C) Both 1 and 2

    Explanation: Both statements are correct. Public debt is given as ₹3.74 lakh crore, or about 45% of GSDP. The 45% figure is also used for outstanding liabilities in the 2026-27 Budget update, but the present question concerns public debt.

  8. Which sector contributed the largest share to Punjab's GSDP in 2023-24?

    1. Agriculture, 27%
    2. Industry/Manufacturing, 27%
    3. Services, 46%
    4. Agriculture, 46%
    Show answer

    Answer: (C) Services, 46%

    Explanation: Services contributed 46% in 2023-24, the largest stated sectoral share. Agriculture and Industry/Manufacturing each contributed 27%. Thus, the 46% agriculture option assigns the correct percentage to the wrong sector.

  9. Arrange the 2023-24 sectoral contributions to Punjab's GSDP in ascending order.

    1. Services < Agriculture < Industry/Manufacturing
    2. Agriculture < Industry/Manufacturing < Services
    3. Industry/Manufacturing < Services < Agriculture
    4. Agriculture < Services < Industry/Manufacturing
    Show answer

    Answer: (B) Agriculture < Industry/Manufacturing < Services

    Explanation: Agriculture and Industry/Manufacturing were each 27%, followed by Services at 46%. Therefore, the correct arrangement is Agriculture = Industry/Manufacturing < Services. Options that place Services below either 27% sector are incorrect.

  10. What was the budget size of Punjab for 2026-27?

    1. ₹2,40,437 crore
    2. ₹2,50,437 crore
    3. ₹2,60,437 crore
    4. ₹2,70,437 crore
    Show answer

    Answer: (C) ₹2,60,437 crore

    Explanation: The Punjab Budget 2026-27 had a stated size of ₹2,60,437 crore. The other amounts are not the budget size given. The same update gives a 2026-27 BE GSDP of ₹9.81 lakh crore.

  11. As per the Punjab Budget 2026-27 update, the GSDP estimate was:

    1. ₹8.81 lakh crore
    2. ₹9.21 lakh crore
    3. ₹9.81 lakh crore
    4. ₹10.81 lakh crore
    Show answer

    Answer: (C) ₹9.81 lakh crore

    Explanation: The 2026-27 Budget estimate gives GSDP at ₹9.81 lakh crore. The other amounts do not appear as the stated estimate. It was described as 10% over 2025-26.

  12. Match the 2026-27 Budget indicator with its figure:A.Revenue deficitB.Fiscal deficitC.Outstanding liabilities1.2.2% of GSDP2.4.1% of GSDP3.About 45% of GSDP

    1. A-1, B-2, C-3
    2. A-2, B-1, C-3
    3. A-3, B-2, C-1
    4. A-1, B-3, C-2
    Show answer

    Answer: (A) A-1, B-2, C-3

    Explanation: Revenue deficit was 2.2% of GSDP, fiscal deficit was 4.1%, and outstanding liabilities were about 45%. Hence A-1, B-2, C-3 is correct. The ₹21,955 crore and ₹39,971 crore amounts correspond to the first two percentages respectively.

  13. Agriculture contributes about what share of Punjab's GSDP?

    1. 17%
    2. 27%
    3. 37%
    4. 47%
    Show answer

    Answer: (B) 27%

    Explanation: Agriculture contributes about 27% of Punjab's GSDP. The other percentages are not the stated contribution. The sector also directly or indirectly supports about 62.5% of the population.

  14. Agriculture supports about what proportion of Punjab's population directly or indirectly?

    1. 52.5%
    2. 57.5%
    3. 62.5%
    4. 67.5%
    Show answer

    Answer: (C) 62.5%

    Explanation: The stated proportion is about 62.5%. The other percentages are not given for agriculture's direct or indirect population support. This figure is distinct from agriculture's 27% GSDP contribution.

  15. Match the agricultural product with its main category in Punjab:A.KinnowB.Potato1.Main fruit2.Main vegetable

    1. A-1, B-2
    2. A-2, B-1
    3. A-1, B-1
    4. A-2, B-2
    Show answer

    Answer: (A) A-1, B-2

    Explanation: Kinnow is listed as the main fruit and potato as the main vegetable. Therefore A-1, B-2 is correct. The alternatives interchange or duplicate the categories.

  16. Punjab's cultivated area was given as:

    1. 3.2 million hectares
    2. 4.2 million hectares
    3. 5.2 million hectares
    4. 6.2 million hectares
    Show answer

    Answer: (B) 4.2 million hectares

    Explanation: The cultivated area is given as 4.2 million hectares. The other areas are not the stated figure. This represents 83% of Punjab's geographical area.

  17. Consider the following statements about Punjab's cultivated area:1.It is 4.2 million hectares.2.It accounts for 83% of the geographical area.Which of the above is/are correct?

    1. 1 only
    2. 2 only
    3. Both 1 and 2
    4. Neither 1 nor 2
    Show answer

    Answer: (C) Both 1 and 2

    Explanation: Both statements are correct. The cultivated area is 4.2 million hectares and equals 83% of the geographical area. The two figures describe the area and its share, respectively.

  18. Punjab's cropping intensity is about:

    1. 150%
    2. 170%
    3. 190%
    4. 210%
    Show answer

    Answer: (C) 190%

    Explanation: Cropping intensity is about 190%. The other percentages are not the stated figure. It indicates repeated cultivation of land during an agricultural year.

  19. What percentage of Punjab's cultivated area has irrigation coverage?

    1. 89%
    2. 94%
    3. 99%
    4. 100%
    Show answer

    Answer: (C) 99%

    Explanation: Irrigation coverage is 99% of the cultivated area. The other values are not the stated coverage. Within this coverage, tubewells account for about 72% and canals about 28%.

  20. In Punjab's irrigation coverage, tubewells account for about:

    1. 62%
    2. 72%
    3. 82%
    4. 92%
    Show answer

    Answer: (B) 72%

    Explanation: Tubewells account for about 72% of irrigation coverage. The other shares are not given. Canals account for about 28%, so tubewells are the larger source.

  21. Assertion (A): Tubewells provide a larger share of Punjab's irrigation coverage than canals.Reason (R): Tubewells account for about 72% and canals about 28% of irrigation coverage.Choose the correct option.

    1. Both A and R are true and R is the correct explanation of A
    2. Both A and R are true but R is not the correct explanation of A
    3. A is true but R is false
    4. A is false but R is true
    Show answer

    Answer: (A) Both A and R are true and R is the correct explanation of A

    Explanation: Both A and R are true, and R directly explains A because 72% is greater than 28%. The remaining options incorrectly deny the figures or their explanatory relationship. Overall irrigation coverage is 99% of cultivated area.

  22. Match the crop/product with Punjab's national rank:A.WheatB.CottonC.Milk1.3rd2.9th3.7th

    1. A-1, B-2, C-3
    2. A-2, B-1, C-3
    3. A-3, B-2, C-1
    4. A-1, B-3, C-2
    Show answer

    Answer: (A) A-1, B-2, C-3

    Explanation: Punjab ranks 3rd in wheat, 9th in cotton, and 7th in milk. Therefore A-1, B-2, C-3 is correct. These are national rankings, not district rankings within Punjab.

  23. Match the crop/product with Punjab's share in India's production:A.WheatB.RiceC.CottonD.Milk1.About 14%2.About 11%3.About 3%4.About 6%

    1. A-1, B-2, C-3, D-4
    2. A-2, B-1, C-4, D-3
    3. A-1, B-3, C-2, D-4
    4. A-4, B-2, C-3, D-1
    Show answer

    Answer: (A) A-1, B-2, C-3, D-4

    Explanation: The shares are wheat about 14%, rice about 11%, cotton about 3%, and milk about 6%. Hence A-1, B-2, C-3, D-4 is correct. The figures are shares in India's production.

  24. Consider the following statements about Punjab's national production position:1.Punjab ranks 3rd in rice production.2.West Bengal is the top producer of rice.3.Punjab's share in India's rice production is about 11%.Which of the above is/are correct?

    1. 1 and 2 only
    2. 2 and 3 only
    3. 1 and 3 only
    4. 1, 2 and 3
    Show answer

    Answer: (D) 1, 2 and 3

    Explanation: All three statements are correct: Punjab ranks 3rd, its share is about 11%, and West Bengal is listed as the top producer. The other options omit one correct statement. These figures refer to rice production at the national level.

  25. Which of the following is NOT correctly matched?

    1. Wheat — 3rd in India; about 14% share
    2. Rice — 3rd in India; about 11% share
    3. Cotton — 9th in India; about 3% share
    4. Milk — 9th in India; about 6% share
    Show answer

    Answer: (D) Milk — 9th in India; about 6% share

    Explanation: The milk option is incorrect because Punjab's milk rank is 7th, not 9th; its share is about 6%. Wheat, rice and cotton are correctly paired with their stated ranks and shares. Uttar Pradesh is listed as the top producer for milk and wheat, while Gujarat is listed for cotton.

Why it matters

Why Financial Position and Agriculture of Punjab - Part 1 is worth the hours

Where the marks actually come from.

Financial Position and Agriculture of Punjab - Part 1 is factual rather than analytical: you either recall it in seconds or you lose the mark to somebody who did. That makes it one of the cheapest sections to convert - a handful of short sittings usually settles the whole cluster.

Exam relevance

Exams where Financial Position and Agriculture of Punjab - Part 1 matters

Derived from the subject and lane this topic belongs to.

Punjab Police Constable

The highest-volume recruitment on this list. Build your base with Punjab GK and current affairs, then drill reasoning until speed is automatic.

Punjab Police ASI

Assistant Sub-Inspector papers separate candidates on English and Punjabi accuracy as much as on general awareness. Practise language daily.

Punjab Police Sub-Inspector (SI)

The most competitive paper here. Polity, history and quant reasoning decide the rank - so take full timed mocks before the exam.

Punjab Police Jail Warder

A tighter syllabus: general awareness, Punjabi and basic reasoning. Perfect for a daily quiz habit - short sessions, high consistency.

Punjab Police

Punjab Police recruits across several posts - Constable, ASI, Sub-Inspector, Intelligence Assistant and Jail Warder each have their own page below. Start with your post, then drill the shared subjects as daily MCQs.

Punjab Police Driver

A driving post inside Punjab Police. Keep general awareness and reasoning moving with short daily sets here while you work on the driving side separately.

Patwari

Revenue work starts with Punjab geography, history and current affairs. Add quant for the sections that reward calculation speed.

Excise Inspector

General awareness and English carry this paper. Track Punjab policy news daily and revise it as MCQs, not as notes.

Forest Guard

Environment, geography and general science, with a physical test after the written paper. Keep science revision short and frequent.

Naib Tehsildar

Land records, Punjab history and polity, plus data interpretation. A strong polity base is the fastest score to build.

Clerk

Grammar, comprehension, typing and basic computer knowledge. Accuracy beats speed here - review every wrong answer.

Revenue Officer

A state services post. Punjab geography, history and current affairs are the blocks worth revising first as MCQs, and all three are available here.

Food Supply Inspector

Work around food supply and public distribution. General awareness and current affairs are the subjects to keep warm here with short daily sets.

Lab Attendant

A short, high-scoring paper: lab safety, general science and reasoning. Ten focused minutes a day is usually enough to cover it.

PSSSB

PSSSB recruitment. Whichever post you are writing, general awareness, Punjabi and reasoning are the shared subjects you can practise here as daily MCQs.

Punjab Police Head Constable

The communication and clerical tier of Punjab Police. Punjabi, English and general knowledge carry the paper, and computer awareness is worth real marks.

Punjab Civil Services

The state civil services paper. Polity, history and economy run deep here, and the descriptive sections reward candidates who have read a subject rather than skimmed it.

Railway Recruitment

A high-volume, high-speed paper. Arithmetic, reasoning and general awareness asked at a pace that punishes anyone still working out method during the attempt.

Union Public Service Commission

The civil services examination. The preliminary paper tests a broad syllabus on precision, and the preparation it needs is the preparation a state services candidate needs too.

Central Armed Police Forces

General ability, general knowledge, comprehension and essay for the central forces. The paper rewards candidates who read widely and write clearly under time.

Expected questions

Expected questions from Financial Position and Agriculture of Punjab - Part 1

What an examiner usually reaches for in this cluster.

Expect one-line recall questions - definitions, stand-for expansions, identifiers and the ordering of things. Practise the wording as well as the concept: these papers test terminology, and the set above uses the same four-option shape they do.

Daily habit

Keep the Expected MCQs habit running

20 fresh mixed questions a day, plus the current-affairs sets examiners keep reusing.

Daily Quiz Expected MCQs
Previous year questions

Previous Year Questions

How this topic behaves in real papers.

Past papers reuse clusters like this almost verbatim across years and posts. Run the same set until every distractor is familiar - previous-year style questions stop being recall and start being free marks.

Where the previous-year sets live

The portal's previous-year practice runs through the General Knowledge lane and the daily mixed quiz.

Previous Year Questions Daily Quiz
Keep going

Related topics

Neighbouring sets in this subject, then the rest of the portal.

Start practising

Take the Financial Position and Agriculture of Punjab - Part 1 quiz

25 questions, about 12.5 min, instant scoring and a full review at the end.

Start Financial Position and Agriculture of Punjab - Part 1 quiz General Knowledge page Daily Quiz Mock Tests
Questions

Financial Position and Agriculture of Punjab - Part 1 - common questions

Answered against the set as it is published today.

All questions →

How long is the Financial Position and Agriculture of Punjab - Part 1 quiz?

Financial Position and Agriculture of Punjab - Part 1 runs 25 untimed questions - about 12.5 min at a steady pace. The set clears at 40% and you can retake it as often as you like.

What kind of questions does Financial Position and Agriculture of Punjab - Part 1 ask?

The set answers that: each question carries four options and a full explanation, so you learn the wording an examiner uses, not just the fact behind it.

Where else can I practise General Knowledge?

Open the quiz page above, or start from the General Knowledge subject page if you want to drill neighbouring lanes in the same sitting.

Do my scores save?

Scores, bookmarks and streaks need the optional Google sign-in. Opening the set and answering questions does not.