Indian Economy MCQs
Indian Economy Multiple Choice Questions (MCQs) for State and UPSC Civil Services Examinations. Objective Questions on Indian Economy for competitive examinations.
21. What is India’s rank in global ginger production?
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Correct Answer: C [1]
Notes:
India is the largest producer of ginger and okra amongst vegetables. India ranks second in the production of potatoes, onions, cauliflowers, brinjal, Cabbages, etc.
22. Which country is the top Importer of Indian Coffee?
[A] Germany
[B] Italy
[C] Russia
[D] USA
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Correct Answer: B [Italy]
Notes:
The top five importers of Indian coffee during 2018-19 were Italy (21.63 percent), Germany (9 percent), Russian Federation (6.30 percent), Belgium (5.24 percent), and Turkey (4.17 percent). Of the total coffee produced in India, 70 percent is exported and 30 percent is consumed domestically.
23. In which state Jallikattu is played in India?
[A] Karnataka
[B] Tamil Nadu
[C] Kerala
[D] Andhra Pradesh
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Correct Answer: B [Tamil Nadu]
Notes:
Jallikattu, a popular bull taming sport held during Pongal, is set to take place in Madurai district in Tamil Nadu. The three main venues where the sport will take place in are Palamedu, Alanganallur and Avaniapuram.
24. How many eggs are produced in India annually?
[A] 69 billion
[B] 75 billion
[C] 90 billion
[D] 40 billion
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Correct Answer: B [75 billion]
Notes:
India produces around 5.3 million MT of Meat and 75 bn eggs annually.
25. What is the contribution of Northeast to Indian silk production?
[A] 40%
[B] 18%
[C] 34%
[D] 57%
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Correct Answer: B [18%]
Notes:
The Northeast region contributes 18% of India’s total silk production. North East has the unique distinction of being the only region producing four varieties of silk viz., Mulberry, Oak Tasar, Muga and Eri.
26. Which of the statement is correct regarding ATMA?
[A] ATMA is responsible for technology dissemination at state level
[B] Chief Minister is chairman of ATMA
[C] It uses PSU’s to organize farmers
[D] It aims at pilot testing new institutional arrangements for technology dissemination
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Correct Answer: D [It aims at pilot testing new institutional arrangements for technology dissemination ]
Notes:
Agricultural Technology Management Agency (ATMA) is responsible for technology dissemination at district level. District collector is chairman of ATMA. It uses NGO’s to organize farmers. It aims at pilot testing new institutional arrangements for technology dissemination .
27. What is the FDI allowed in contract manufacturing through an automatic route?
[A] 75%
[B] 100%
[C] 50%
[D] None of the above
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Correct Answer: B [100%]
Notes:
Indian Government has allowed 100 % FDI in contract manufacturing through automatic route.
28. How many items are there in the calculation of the new series of Index of Industrial Production(IIP)?
[A] 765
[B] 840
[C] 407
[D] 654
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Correct Answer: C [407]
Notes:
There are 407 items selected for new series of IIP with base 2011-12. Earlier it comprised of 865 items, which were clubbed in 407 item groups.
29. In which state Petrofils Cooperative Limited (PCL) is located?
[A] Maharashtra
[B] Gujarat
[C] Tamil Nadu
[D] Goa
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Correct Answer: B [Gujarat]
Notes:
Petrofils Cooperative Limited (PCL) produces polyester filament yarn and nylon chips. It has two plants located at Vadodara and Naldhari in Gujarat.
30. 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.
