Indian Economy MCQs

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The Small Farmers’ Agri-Business Consortium (SFAC) was established by the Government of India as a society in January 1994 to promote agri-business ventures and support small farmers through schemes such as Venture Capital Assistance.

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India’s FMCG market is estimated to grow at a compound annual growth rate of 17.31% from 2024 to 2032. The market size is projected to reach USD 884.06 billion by 2032, up from USD 210.12 billion in 2023. Growth drivers include policy initiatives, increasing consumer demand, and expansion of e-commerce and digital platforms.

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1st generation bio fuels – biofuels made of vegetable oils
2nd generation bio fuels – biofuels made of feedstocks
3rd generation bio fuels – biofuels made of algae

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India accounts for approximately 5% of worldwide paper production as per recent industry data. India is the 15th largest paper producer globally by volume. The Indian paper industry comprises more than 800 mills. India’s total annual paper production exceeds 20 million tonnes in recent years.

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The India State of Forest Report 2023 states that Madhya Pradesh has the maximum bamboo-bearing area in the country. The report places it ahead of Arunachal Pradesh, Maharashtra and Odisha in bamboo-bearing area. This makes Madhya Pradesh the correct answer when the question is framed on the basis of bamboo-bearing area, which is the standard metric used in official forest reports.

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Fixed shop retailers operate from a permanent and fixed location, such as markets or malls. They provide a wider range of products as compared to itinerant retailers. These retailers require a higher capital investment due to infrastructure and store maintenance. They provide additional customer services like credit, after-sales support, and home delivery. Their permanent location allows repeated customer visits and business stability.

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India’s overall tele-density reached 88.41% in December 2025. Teledensity includes all wireline, wireless, and M2M connections. January 2020 teledensity was 87.45%. Wireless teledensity reached 87.38% in December 2025. Urban tele-density stands at 140.66%, and rural tele-density at 59.07%. 5G services are available in 99.9% of districts nationwide as of 2025.

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In 2019-20, the Department of Science and Technology contributed 55% of India’s total extramural R&D support. DST-funded projects accounted for Rs. 1,402.8 crore out of Rs. 2,529.42 crore approved. The academic sector received 70% of this extramural R&D support. DST and DBT were the two highest contributing departments to R&D support that year.

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The Reserve Bank of India(RBI) announces the Monetary policy to achieve certain macro economic goals. Credit policy is part of monetary policy.

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The Nifty Index is made up of Index of 50 Index. It is the 12th largest stock Exchange in the world. More than 1600 companies are listed in NSE.