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 five year plan highlighted the modernization of Industries?
[A] 5th
[B] 8th
[C] 7th
[D] 6th
Show Answer
Correct Answer: B [8th]
Notes:
Modernization of industries was a major highlight of the Eighth Plan. It is also known as Rao-Manmohan plan as economic liberalization was the highlight of this plan. Under this plan, the gradual opening of the Indian economy was undertaken to correct the burgeoning deficit and foreign debt. The plan was launched with twin objectives of alleviation of poverty and unemployment.
22. Which among the following is an example of parallel cropping?
[A] Rice+Mustard
[B] Wheat+Mustard
[C] Rice+Sugarcane
[D] Wheat+Sugarcane
Show Answer
Correct Answer: B [Wheat+Mustard]
Notes:
Parallel Cropping is cropping where two crops are selected which have different growth habits and have zero competition between each other.
23. What is the growing of crops in strips known as?
[A] Row cropping
[B] Intercropping
[C] Strip cropping
[D] Relay cropping
Show Answer
Correct Answer: C [Strip cropping]
Notes:
Strip Intercropping involves growing of two or more crops in strips that are wide enough to allow separate management of the two crops; but close enough for the crops to interact.
24. Which is the highest imported vegetable oil for India?
[A] Sunflower
[B] Palm
[C] Soyabean
[D] None of the above
Show Answer
Correct Answer: B [Palm]
Notes:
Palm oil has been accounting the largest share of India’s total vegetable oil imports followed by soybean and sunflower.
25. Which among the following crops is Surveyed under Project Chaman?
[A] Oil seeds
[B] Horticulture
[C] Food Grains
[D] None of the above
Show Answer
Correct Answer: B [Horticulture]
Notes:
Coordinated programme on Horticulture Assessment and MANagement using geoinformatics (CHAMAN) is launched with an objective to develop & firm up scientific methodology for estimation of area & production under horticulture crops through Remote Sensing and Sample Survey Techniques.
26. Which among the following is a bird disease?
[A] H1N1
[B] H5N1
[C] H5N5
[D] H2N5
Show Answer
Correct Answer: B [H5N1]
Notes:
H5N1 is Bird fl. It is Avian influenza refers to the disease caused by infection with avian (bird) influenza (flu) Type A viruses. H1N1 is known as swine flu.
27. What is the type of economic model that India adopted to design its industrial policy?
[A] Capitalist model
[B] State model
[C] Mixed model
[D] Socialist model
Show Answer
Correct Answer: C [Mixed model]
Notes:
India introduced Industrial policy in 1948 by adopting a mixed economic model to accelerate industrial development. This is to be done by both the private and public sectors. It saw the Indian economy in socialistic patterns.
28. What is the contribution of capital goods to Indian manufacturing output?
[A] 22%
[B] 12%
[C] 10%
[D] 25%
Show Answer
Correct Answer: B [12%]
Notes:
The capital goods contribution to Indian manufacturing output is 12%. It generates jobs to 1.4 million direct jobs and 7 million indirect jobs.
29. In which year, Tata Iron and Steel Company formed?
[A] 1903
[B] 1910
[C] 1907
[D] 1900
Show Answer
Correct Answer: C [1907]
Notes:
TISCO- Tata Iron and Steel Company was formed in 1907. It was founded at Sakchi, Jamshedpur by Jamshedji TATA.
30. Which among the following is a principal raw material for paper manufacturing in India?
[A] Soft wood
[B] Hard wood
[C] Fibre
[D] None of the above
Show Answer
Correct Answer: A [Soft wood]
Notes:
In India principal raw material for making newspaper print and high-class printing papers is Softwood. Softwood is grown mainly in temperate regions.
