Quiz 75 : Indian Economy Questions for All Examinations

1. In which among the following years, a new ” Liberalized Industrial Policy ” in India was announced for the first time?
[A]1986
[B]1991
[C]1992
[D]1993


2. In which among the following years, the MRTP act became effective?
[A]1970
[B]1972
[C]1975
[D]1978


3. In the Industrial Policy of 1991, how many industries were reserved only for Public Sector?
[A]7
[B]8
[C]11
[D]13


4. In an oligopolistic or monopolistically competitive market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept ?
[A]Supracompetitive pricing
[B]Swing Demand
[C]Kinked Demand
[D]Imperfect competition


5. In context with the two way trade of India with different regions, which among the following region is India’s largest trade partner?
[A]EU Region
[B]Gulf Region
[C]North America
[D]Latin America


Explanation
6. Consider the following statements in context with the Free Market Economy:
1. The role of market forces and competition is eliminated by law
2. There is a high degree of competition in both commodity and factor markets
3. Private gains are the main motivating and guiding force for carrying out economic activities
Which among the above is/ are correct statements?
[A]Only 1 & 2 are correct
[B]Only 2 & 3 are correct
[C]All are correct
[D]None of them is correct


Explanation
7. Which among the following was NOT a reason behind India’s poverty as pointed out by Dadabhai Naoroji in his famous work “Poverty and Un-British Rule in India” ?
[A]Expenditure of the European Officials in England
[B]Money sent by the British professionals to England
[C]India’s Population growth
[D]Bringing of British Capital in India


Explanation
8. Which among the following was the first deepwater block in India to start production?
[A]Krishna Godavari D-6
[B] Mahanadi deepwater block NEC-DWN-2002/1
[C]SB-11
[D]KG-DWN- 2005/2


Explanation
9. Which among the following State/ UT / city has the highest per capita electricity consumption in the country?
[A]Puducherry
[B]Delhi
[C]Mumbai
[D]Dadra & Nagar Haveli


Explanation
10. Which among the following represents a decrease in the Owner’s equity?
[A]Issue of Bonus Shares
[B]Redemption of the Debentures
[C]Redemption of the Preference Shares
[D]Purchase of the Building


Explanation
11. Which among the following will be a debit entry in India’s balance of payments?
[A]Imports of goods by India.
[B]Income of Indian investments abroad.
[C]Receipts of transfer payments.
[D]Exports of services by India.


12. Which among the following states leads in the Infant Mortality Rate in India?
[A]Odisha
[B]Uttar Pradesh
[C]Madhya Pradesh
[D]Assam


13. Yashaswini rural healthcare scheme is being implemented in which among the following states of India?
[A]Andhra Pradesh
[B]Karnataka
[C]Himachal Pradesh
[D]Tamil Nadu


14. Which among the following states of India is running the Dhanwantari Yojana in the healthcare sector?
[A]Haryana
[B]Rajasthan
[C]Madhya Pradesh
[D]Uttar Pradesh


15. Which among the following sectors has largest contribution in Gross Domestic Savings in India?
[A]Public Sector
[B]Households
[C]Private Sector Corporates
[D]Unorganized Sector

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Comments

  • Anonymous
    Reply

    wheat price for Antyodaya Anna Yojana @ Rs.2/- per Kg for wheat and Rs. 3/- per Kg for rice.

  • Anonymous
    Reply

    Antyodaya Anna Yojna (AAY)
    Under this scheme, foodgrains (wheat and rice) at the rate of 35 kg per
    family every month at subsidised rate (wheat @ Rs. 2.00 per kg and rice
    @Rs 3.00 per kg) are distributed to the selected families.

  • TRomesh
    Reply

    Admin is US the largest rade partner of India..till date.plz rpl

  • tjrameshkumar
    Reply

    the ourney through gktoday.in since my visit before six months has been fantastic. it has immensly helped and i have recommended to experience the same to many.

    thank u

  • ashwanilamba
    Reply

    TRomeshkumar we are talking about mutual trade. with US, India has a big trade deficit

  • Manish Kumar Singh
    Reply

    Can anyone define the fiscal deficit and budget deficit?

  • navneet
    Reply

    great site