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. Who is called the father of direct taxation reforms in India?
[A] Dr. C.Rangarajan
[B] Dr. Shankar Acharya
[C] Dr. Raja Chelliah
[D] Dr. V.K.R.V.Rao

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22. Which of the following is a limitation of free market?
[A] Low taxes
[B] Maximum Consumer choices
[C] Limited trade
[D] Uneven distribution of resources

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23. Genetic Engineering Appraisal Committee works under which ministry?
[A] Ministry of Agriculture
[B] Ministry of environment forst and climate change
[C] Ministry of Science and Technology
[D] Ministry of Rural developoment

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24. Which among the following is an oilseed?
1. Mustard
2.Soybean
3. Flaxseed
4. Peanut
5. Wheat Bran
Choose the correct option from the codes given below:
[A] 1,2 and 3 only
[B] 1,2,3 and 5 only
[C] 1,2,3,4 and 5
[D] 1,2,3 and 4 only

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25. Which country is the world’s largest importer of edible oil?
[A] China
[B] India
[C] USA
[D] Braizl

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26. Which country introduced Tobacco in India?
[A] Portugese
[B] French
[C] British
[D] Dutch

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27. What is the percentage of processed food industry in the Indin food market?
[A] 32%
[B] 10%
[C] 50%
[D] 46%

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28. In which state India’s first mega food park was established?
[A] Andhra Pradesh
[B] Telangana
[C] Maharastra
[D] Gujarat

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29. The grey revolution in India is related to?
[A] Fertilizer production
[B] Egg production
[C] Fish production
[D] None of the above

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30. Which among the following is not used to make Portland Cement (PC)?
[A] Calcareous Rocks
[B] Sand
[C] Argillaceous Rocks
[D] Argillocalcareous Rocks

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