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. In which city cement production was first started in India?
[A] Madras
[B] Porbandar
[C] Mumbai
[D] Nagpur
Show Answer
Correct Answer: A [Madras]
Notes:
The first cement factory was set up at Porbandar in Gujarat. But the first cement production was started in Madras in 1904.
22. Which institution implements Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY)?
[A] NITI Aayog
[B] Ministry of mines
[C] Department of Mineral resources
[D] None of the above
Show Answer
Correct Answer: D [None of the above]
Notes:
The Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) is implemented by the District Mineral Foundations (DMFs) of the respective districts using the funds accruing to the DMF.
23. What is the share of over the counter (OTC) medicines in Indian market?
[A] 11%
[B] 22%
[C] 21%
[D] 30%
Show Answer
Correct Answer: C [21%]
Notes:
The Indian pharmaceuticals market is dominated by generic drugs which constitute nearly 70 percent of the market, whereas over the counter (OTC) medicines and patented drugs makeup to 21 percent and 9 percent, respectively.
24. What is the FDI allowed in the construction sector under the automatic route?
[A] 100
[B] 75
[C] 49
[D] 51
Show Answer
Correct Answer: A [100]
Notes:
The FDI allowed in the construction sector under the automatic route is 100%. The FDI under automatic route is permitted in completed projects for operations and management of townships, malls/shopping complexes, and business constructions.
25. What is LEED?
[A] Green building rating agency
[B] Green building approval agency
[C] Green building construction agency
[D] None of the above
Show Answer
Correct Answer: A [Green building rating agency]
Notes:
LEED (Leadership in Energy and Environmental Design) is the most widely used green building rating system in the world. Available for virtually all building types, LEED provides a framework for healthy, highly efficient, and cost-saving green buildings.
26. Which of the following is not a reason for growth of jute in west Bengal?
[A] Raw material
[B] Water
[C] Labor
[D] Market
Show Answer
Correct Answer: D [Market]
Notes:
Availability of Raw material, Water, Labor and Capital are the main reasons for the growth of Jute industry in Bengal. The market for Jute is spread across the country and is not the reason for the growth of Jute industry in Bengal.
27. Which state is the largest producer of bamboo in India?
[A] Assam
[B] Arunachal Pradesh
[C] Chattisgarh
[D] karnataka
Show Answer
Correct Answer: A [Assam]
Notes:
Assam is the largest bamboo producing state in India. Bamboo is widely used for papermaking in India. India’s annual production of bamboo is 4.6 million tonnes.
28. Which among the following countries is the leading producer of Phosphate fertilizer?
[A] India
[B] United States
[C] UK
[D] Russia
Show Answer
Correct Answer: B [United States]
Notes:
The US, leading producer of rock phosphate in the world, exports about two-thirds of its total production phosphate. The leading producers of phosphate fertiliser include US, Africa and China. The countries of the Middle East and Russia are also important producers.
29. Which Institution launched Start up Hub portal?
[A] Ministry of commerce
[B] Ministry of Electronics and Information technology
[C] NITI Aayog
[D] None of the above
Show Answer
Correct Answer: B [Ministry of Electronics and Information technology]
Notes:
In May 2019, the Ministry of Electronics and Information Technology (MeitY)has launcehd the Start-up Hub (MSH) portal. This will help the startups in setting up their business.
30. What is the share of the Advertising Industry in the total output of the Media and Entertainment Industry?
[A] 38.1%
[B] 22.4%
[C] 46.5%
[D] 18.9%
Show Answer
Correct Answer: A [38.1%]
Notes:
The share of Advertising industry in the overall Media and Entertainment Industry is 38.1%. The share of TV industry is 44.2%.
