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Indian Economy General Knowledge Questions


Export of which of the following is an Invisible Export?
[B]Prohibited goods
[C]Unrecorded goods
[D]Goods through smuggling

Any export that does not have a tangible physical presence (e.g. expertise, insurance underwriting). Here, Invisible Export means export of Services


Climate of which of the following states in India is suitable for cultivation of cloves?
[A] Kerala
[B] Karnataka
[C] Tamil Nadu
[D] Uttar Pradesh

Farming of cloves is done in Kerela. Clove requires a warm humid tropical climate with an annual rainfall from 150-250 cm. It grows well from mean sea level up to an altitude of 800-900 m. Deep loam soils with high humus content and black loams of semi-forest regions with good drainage are suited for the cultivation of the crop.


Which of the following is the leading producer of soybean in India?
[A] Chhattisgarh
[B] Madhya Pradesh
[C] Maharashtra
[D] Uttar Pradesh

Madhya Pradesh
The leading producer of soybean in India is Madhya Pradesh, followed by Maharashtra and Rajasthan.


As per latest data from World Gold Council, which of the following countries has largest reserved stock of Gold in the world?

[A]United States




United States
The largest Gold stocks is with United States. India’s rank is 11 as shown in below table:

1United States8,133.5
17Saudi Arabia322.9
18United Kingdom310.3
Source: World Gold Council


After LPG, which of the following commodity has been included under direct benefit transfer scheme from Indian government?
[D]Food grains

The government of India announced the inclusion of kerosene to direct benefit transfer (DBT) scheme. The scheme will be implemented from 1 April 2016.Under the scheme kerosene consumers will have to pay the market price of Rs 43 per litre and the government will then transfer the subsidy amount (Rs 31 per litre) into their bank accounts.


NITI Aayog’s task force on agriculture was headed by?
[A]Ramesh Chand
[B]Arvind Panagariya
[C]M S Swaminathan
[D]Bibek Debroy

Arvind Panagariya
NITI Aayog’s task force on agriculture recommended major reforms to address the issue of frequent spurt in crop prices. Major recommendations of the task force include setting up of a unified national agriculture market, guaranteed prices for at least half the key crops, changing land lease laws and creating a mechanism to facilitate easy exit for farmers who want to move out of agriculture.


National Centre for Radio Astrophysics is located in which city?

The National Centre for Radio Astrophysics (NCRA) is located in the Pune University Campus and is part of the Tata Institute of Fundamental Research, Mumbai, India. .Recently, Indian astronomers working at the National Centre for Radio Astrophysics have discovered an extremely rare galaxy of gigantic size. Galaxies with an extreme large ‘radio size’ are called as giant radio galaxies. The galaxy is known by its scientific identification ‘J021659-44920’. The galaxy was discovered using the Giant Metre wave Radio Telescope (GMRT) located near Pune. The galaxy is located about 9 billion light years away and it emits powerful radio waves. The galaxy was caught in dying phase.


What is name of the Indian culture week launched in China, recently?
[A]India in Beijing
[B]India in Shanghai
[C]India in Tianjin
[D]India in China

India in Shanghai
An Indian culture week called “India in Shanghai” was inaugurated at China Shanghai International Arts Festival .For the first time in the 17-year history of the China Shanghai International Arts Festival, India was designated as the guest country. The event aims at promotion of people-to-people linkages as well as strengthening cultural exchanges between India and China. The India Culture Week showcase the best of contemporary Indian arts.


What is the deadline to achieve all villages electrification under Deendayal Upadhyaya Grameen Jyoti Yojana ( DDUGJY)?
[A]31st March 2016
[B]2nd October 2016
[C]31st December 2016
[D]31st March 2017

31st March 2017
Power Ministers of all States and Union Territories have decided to electrify all villages by 31st March 2017 in mission mode under Deendayal Upadhyaya Grameen Jyoti Yojana ( DDUGJY). It is also resolved to work in mission mode to complete the activities in the roll out plan for achieving the 24×7 Power For All by 2019 or earliest.


Which satellite will be launched by ISRO to study on solar eclipses?
[A]Satellite Surya
[B]Satellite Aditya
[C]Satellite Bhaskara
[D]Satellite Agni

Satellite Aditya
The ISRO was planning to launch satellite Aditya to study solar eclipses on continuous basis and also other aspects of the Sun. The satellite will carry as its payload an advanced solar coronagraph. Aditya’s launch date has been rescheduled to 2017-18, after the mission was upgraded from a single payload mission to a multiple payload mission.