Indian Economy MCQs
Indian Economy Multiple Choice Questions (MCQs) for SSC, State and all One Day Examinations of India. Objective Questions on Indian Economy for competitive examinations.
11. Which is not an advantage of the organised sector?
[A] Job security
[B] Fixed working hours
[C] Absence of trade unions
[D] Better working conditions
Show Answer
Correct Answer: C [Absence of trade unions]
Notes:
Trade unions are a key feature of the organised sector, providing collective bargaining, better wages, and improved benefits. Their absence would be a disadvantage, not an advantage. Organised sector workers also enjoy fixed working hours, job security, and safer working conditions.
12. Which GM crop is approved for commercial cultivation in India?
[A] Bd Brinjal
[B] Bd Carrot
[C] Bd Mustard
[D] Bd Cotton
Show Answer
Correct Answer: D [Bd Cotton]
Notes:
Bd Cotton was approved for commercial cultivation in India in 2002. It is genetically modified to resist bollworm pests. By 2023, Bd Cotton accounted for over 90% of India’s cotton cultivation area. The Genetic Engineering Appraisal Committee under the Ministry of Environment, Forest and Climate Change granted the approval. No other GM food crop has been commercially approved in India.
13. What percentage of Indian urea production must be neem-coated by manufacturers?
[A] 35%
[B] 50%
[C] 100%
[D] 75%
Show Answer
Correct Answer: C [100%]
Notes:
In September 2015, the Government of India mandated 100 percent neem coating for domestically produced urea. This requirement was implemented to prevent diversion of subsidized urea, enhance nitrogen use efficiency, and improve crop yields. Neem coating of urea acts as a nitrification inhibitor, reducing nitrogen loss through leaching and volatilization while discouraging misuse of urea for industrial purposes.
14. Which state is the largest producer of Bajra in India?
[A] Telangana
[B] Rajasthan
[C] Maharashtra
[D] Gujarat
Show Answer
Correct Answer: B [Rajasthan]
Notes:
Rajasthan has been the largest producer of Bajra in India, contributing nearly 40% of the country’s total production. Bajra is mainly cultivated in western Rajasthan, including districts such as Jodhpur, Barmer, Bikaner, and Nagaur. The state’s climate and soil conditions are suitable for pearl millet cultivation. Annual statistics from the Ministry of Agriculture confirm Rajasthan’s leading position for decades.
15. What percentage of irrigation in India is done using tanks?
[A] 10.5%
[B] 2.82%
[C] 22.85%
[D] 49.34%
Show Answer
Correct Answer: B [2.82%]
Notes:
As per 2022-23 data, tanks accounted for 2.82% of the net irrigated area in India. Other major sources included canals (22.85%), tube wells (49.34%), other wells (13.46%), and other sources (11.53%). Tanks are more prevalent in southern states like Tamil Nadu and Andhra Pradesh.
16. What is the minimum turnover for mandatory TReDS onboarding for companies?
[A] 100 crores
[B] 250 crores
[C] 500 crores
[D] 1000 crores
Show Answer
Correct Answer: B [250 crores]
Notes:
A notification dated 07 November 2024 from the Ministry of Micro, Small and Medium Enterprises set the minimum turnover threshold at INR 250 crores for mandatory onboarding of companies under the Companies Act, 2013, onto the Trade Receivables e-Discounting System (TReDS) platform. The previous threshold was INR 500 crores. The compliance deadline is 31 March 2025.
17. Which is the largest cement producer in India by production capacity?
[A] Shree Cement Ltd.
[B] ACC Cement Ltd.
[C] Ambuja Cements Ltd.
[D] UltraTech Cement Ltd.
Show Answer
Correct Answer: D [UltraTech Cement Ltd.]
Notes:
UltraTech Cement Ltd. is India’s largest cement manufacturer with a domestic capacity of approximately 188.8 Million Tonnes Per Annum as of 2024. It operates 34 integrated manufacturing units and 34 grinding units. UltraTech acquired India Cements in December 2024 and Kesoram Industries’ cement business in February 2025. The company’s capacity expansion target is 200 Million Tonnes Per Annum by 2027.
18. Which industry produces goods used in making other goods?
[A] Industry producing capital goods
[B] Industry providing financial capital
[C] Industry producing consumer goods
[D] Industry serving only service sector
Show Answer
Correct Answer: A [Industry producing capital goods]
Notes:
A capital goods industry manufactures products such as machinery, tools, and equipment used in the production of other goods. Capital goods are not intended for direct consumption but are used by industries to produce consumer goods and services. This sector includes items like industrial robots, factory equipment, and machine tools used in manufacturing, construction, and infrastructure projects.
19. Which country has the world’s largest diamond cutting industry in the world?
[A] India
[B] China
[C] USA
[D] Saudi Arabia
Show Answer
Correct Answer: A [India]
Notes:
India has the world’s largest diamond cutting and polishing centre in the world. It accounts for 95% of the world’s processed diamonds.
20. Which country has the largest medical device market in the world?
[A] India
[B] USA
[C] Canada
[D] China
Show Answer
Correct Answer: B [USA]
Notes:
The United States had a medical device market size of 191.20 billion in 2025 and is projected to reach 346.19 billion by 2035. The U.S. holds over 40% global market share as of 2025. Advanced healthcare infrastructure and high research and development activity support the scale of the U.S. market relative to other countries.
