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. These questions are part of GKToday’s 35000+ MCQs Bank Course in GKToday Android App
11. Which Economist was the Co-founder of Samaj Pragati Sahayog?
[A] Sukhadeo Thorat
[B] Mihir Shah
[C] Reetika Khera
[D] B.B.Bhattacharya
Show Answer
Correct Answer: B [Mihir Shah]
Notes:
In 1990, Mihir Shah co-founded Samaj Pragati Sahayog, which is today one of the largest grass-roots initiatives for water and livelihood security, working with its partners on a million acres of land across 72 of India’s most backward districts. Mihir Shah has spent nearly three decades living and working in central tribal India, forging a new paradigm of inclusive and sustainable development.
12. During which five-year plan the Private sector was given priority over the public sector?
[A] 5th
[B] 7th
[C] 6th
[D] 8th
Show Answer
Correct Answer: B [7th]
Notes:
Seventh Five Year Plan from 1985 to 1990 had the objective to establish a self-sufficient economy, opportunities for productive employment. For the first time, the private sector got priority over the public sector. Socialist India started moving away from it.
13. Which state is the largest producer of Poultry meat?
[A] Punjab
[B] Haryana
[C] Uttar Pradesh
[D] None of the above
Show Answer
Correct Answer: B [Haryana]
Notes:
The largest producing state of Poultry Meat is Haryana, West Bengal & Uttar Pradesh.
14. Which among the following is not a component of Silk Samagra?
1.Research & Development, Training, Transfer of Technology and I.T. Initiatives
2.Seed Organizations
3.Coordination and Market Development, and
4.Quality Certification Systems (QCS)/Export Brand Promotion and Technology Up-gradation.
Choose the correct option from the codes given below:
[A] 1 and 2 only
[B] 3 and 4 only
[C] All of the above
[D] None of the above
Show Answer
Correct Answer: D [None of the above]
Notes:
“Silk Samagra” is a Central Sector Scheme for the development of sericulture in the country. The scheme is being implemented by the Central Silk Board (CSB). It comprises the following four components:
1. Research & Development, Training, Transfer of Technology and I.T. Initiatives
2. Seed Organizations
3. Coordination and Market Development, and
4. Quality Certification Systems (QCS)/Export Brand Promotion and Technology Up-gradation.
15. What is the per capita consumption of honey in India?
[A] 100 g
[B] 300 g
[C] 150 kg
[D] 50 g
Show Answer
Correct Answer: D [50 g]
Notes:
The per capita honey consumption in India is as low as 50 grams per year in India, globally it ranges from 250 to 300 grams. Germany tops in per capita honey consumption which 2 kg per year.
16. What is the percentage of the working class in the service industry?
[A] 31.45%
[B] 20.45%
[C] 39.02%
[D] 51.54%
Show Answer
Correct Answer: A [31.45%]
Notes:
31.45% of the working class is working in the service industry. The service sector contributes 55.39% to GDP.
17. What is the maximum employees in a small business in China?
[A] 200
[B] 300
[C] 250
[D] 175
Show Answer
Correct Answer: B [300]
Notes:
In China, a small business has less than 300 employees and medium-sized business has employees between 301 and 2,000.
18. Where is the International Centre for Automotive Technology located?
[A] Manesar
[B] Chennai
[C] Noida
[D] Visakhapatanam
Show Answer
Correct Answer: A [Manesar]
Notes:
International Centre for Automotive Technology is located at Manesar in Gurugram district of Haryana . The Rs 1100 crore facility for vehicle homologation and also testing laboratories for noise, vibration and harshness and passive safety.
19. Which is the most exported fertilizer from India?
[A] Urea
[B] Potash
[C] Nitrogen fertilizer
[D] None of the baove
Show Answer
Correct Answer: A [Urea]
Notes:
Urea is the most exported fertilizer from India. India stands 4th in the fertilizer exports globally.
20. What is India’s rank in the Global Retail Development Index(GRDI)?
Show Answer
Correct Answer: C [2]
Notes:
India ranked No. 2 in the Global Retail Development Index (GRDI) in 2019. It is released by consulting firm A.T.Kearney.
