Quiz 118 : Indian Economy for Bank PO Exams

1. Which among the following is the single largest cottage industry of Manipur state of India?
[A] Sericulture Industry
[B] Handloom Industry
[C] Leather Industry
[D] Jute Industry

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2. The same type of pattern of agriculture can be seen generally in which parts of India, which resembles the “Ladang” pattern of Indonesia?
[A] North East India
[B] Western India
[C] South India
[D] Central India

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3. The main objectives of Minimum Support Prices is / are

  1. Check fall in price beyond a limit
  2. Protect interest of the consumers
  3. Make procurement from the wholesalers easy

Choose the correct option:

[A] Only 1
[B] Only 1 & 2
[C] Only 2 & 3
[D] 1, 2 & 3

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4. Which among the following is the largest source of irrigation in India, apart from rains?
[A] Tubewells
[B] Canals
[C] Rivers
[D] Tanks

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5. India’s jute industry has been facing maximum competition from which among the following neighbours of India?
[A] China
[B] Bangladesh
[C] Thailand
[D] Burma

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6. Which among the following ports of India is also known as “child of partition”?
[A] Paradip
[B] Kolkata
[C] Kandla
[D] Haldia

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7. The commercial banks are generally largest sources of finance for ___
[A] Big Corporates
[B] Small Scale Industries
[C] Public Sector Companies
[D] All the above

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8. Marginal Cost is dependent upon ___
[A] Only fixed cost
[B] Only variable cost
[C] Both fixed cost and variable cost
[D] Neither fixed cost nor variable cost

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9. Consider the following:

  1. Primary Sector
  2. Secondary Sector
  3. Tertiary Sector

Which among the following is the correct increasing order of contribution of the above in India’s GDP?

[A] 1,2,3
[B] 2,1,3
[C] 3,2,1
[D] 2,3,1

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10. Which among the following country is India’s top trading partner?
[A] UAE
[B] USA
[C] Japan
[D] China

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Comments

  • ashish
    Reply

    ans of q no 9 will b A

  • @ezhiljohn
    Reply

    sir is the answer for question no.13 ryt , bcos services comes in tertiary sector . i think the answer should b in reverse

  • anonymos
    Reply

    l need its pdf format

  • Mallikarjun.R.R.
    Reply

    Thanku very much sir, keep it up

  • prabhakar
    Reply

    sir, why the rent for a shed is not a fixed cost???

  • shashi dwivedi
    Reply

    dear admin
    which country is no one in farm output
    is it
    U.S.A
    OR
    CHINA
    plz reply

  • amrita
    Reply

    q 5 msp y not include option 2 protect intrest of consumer sir ??

  • neeraj
    Reply

    THANKS FOR PROVIDING SUCH A GOOD INFO

  • manuabhimanyu85
    Reply

    sir
    i need its pdf format

  • NITIN GOSWAMI
    Reply

    VERY USEFUL ,BUT WANT IT IN PDF SO THAT MAY BE USED AGAIN

  • chetan
    Reply

    sir, Q 5. option 2 is also a reason as MSP is announced yearly, consequences differ. Protection of both farmer from low prices and consumer interest from shortage of grains is also the rationale for MSP.

  • indrasudeep
    Reply

    Sir ,

    please rectify ,,, for the question of 9 answer is A ,,, because rent is not going to increase or decrease depending on the production. Rent is always fixed.
    Please rectify this ,,,

  • lovejit88
    Reply

    @ezhlijon
    ans is crrct services is tertiary so largest in GDP

  • honey singh
    Reply

    rent for shed in factory and salary of office staff are fixed cost because it does not depend on production……..

  • MANOJ
    Reply

    SIR RENT IS A FIXED COST I THINK