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.
21. Which among the following are the reason for more fishing in west over east?
1. Wide continental shelf
2. More fishes
3. Confined commercial varieties on west
Choose the correct options from the choices given below:
[A] 1 and 2 only
[B] 3 only
[C] 2 only
[D] 1,2 and 3
Show Answer
Correct Answer: D [1,2 and 3]
Notes:
The following are the reason for more fishing in west over east:
1. Wide continental shelf on the west of India over east
2. More fishes as more plankton because of Wide continental shelf
3. Confined commercial varieties on west like Prawns and Mackerel
22. Which is the top imported commodity of India in terms of value in the Gems and jewelry sector in 2019?
[A] Rough Diamonds
[B] Gold Bars
[C] Polished diamonds
[D] Silver Bars
Show Answer
Correct Answer: A [Rough Diamonds]
Notes:
The top 3 imported commodities of India in terms of value in Gems and jewelry sector in 2019 are:
1. Rough Diamonds
2. Gold Bar
3. Cut and polished diamonds
23. Which country is the top silver jewellery exporter in the world?
[A] China
[B] Thailand
[C] India
[D] Germany
Show Answer
Correct Answer: B [Thailand]
Notes:
The top 3 silver jewellery exporters in the world are:
1. Thailand
2. Germany
3. India
24. When was National Real Estate Development Council established?
[A] 1999
[B] 1998
[C] 1997
[D] 2000
Show Answer
Correct Answer: B [1998]
Notes:
The National Real Estate Development Council was established self-regulatory body in 1998 under the aegis of Housing And Urban Affairs Government of India.
25. What is the major source of raw material for the Indian paper Industry?
[A] Agro/Social Forestly
[B] Imports
[C] Forest produce
[D] None of the above
Show Answer
Correct Answer: A [Agro/Social Forestly]
Notes:
Agro/Social Forestry supplies the most raw material to the paper Industry which is about 90%. Rest of the 10% is sourced from government sources and Imports.
26. In which year was the National Education policy announced?
[A] 2019
[B] 2020
[C] 2018
[D] None of the above
Show Answer
Correct Answer: B [2020]
Notes:
The National Education policy was launched in 2020. It was launched with an aim to promote education and improve its quality from primary to higher.
27. What is the FDI allowed in Education sector in India?
[A] 51%
[B] 49%
[C] 74%
[D] 100%
Show Answer
Correct Answer: D [100%]
Notes:
Education is one of the top priorities of the government. Indian allows 100% FDI in education sector.
28. In which year Indian Medical Association was founded?
[A] 1930
[B] 1928
[C] 1925
[D] 1927
Show Answer
Correct Answer: B [1928]
Notes:
Indian Medical Association is a voluntary organization represented by Doctors. It looks after the interest of doctors as well as the well being of the community at large. The Association was started in 1928 on the occasion of the 5th all India Medical Conference at Calcutta.
29. What is the ideal doctor population ratio according to WHO?
[A] 1:900
[B] 1:1000
[C] 1:1200
[D] 1:1400
Show Answer
Correct Answer: D [1:1400]
Notes:
The ideal doctor population ratio is 1:1400 and the nurse population ratio should be 1:500 according to WHO.
30. Which country has the largest retail space in the world?
[A] India
[B] China
[C] USA
[D] None of the above
Show Answer
Correct Answer: C [USA]
Notes:
USA has the largest retail space in the world. India is the 5th largest in the world.
