Indian Economy MCQs

Indian Economy Multiple Choice Questions (MCQs) for State and UPSC Civil Services Examinations. Objective Questions on Indian Economy for competitive examinations.

31. Who was the first American to win Noble Prize in Economics in 1970?

[A] Janet Yellen
[B] Paul Samuelson
[C] Milton Friedman
[D] Alice Rivlin

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32. Which sector comprises of the activities like exploitation of natural resources?

[A] Secondary
[B] Tertiary
[C] Primary
[D] Unorganised

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33. Which sector has the potential to generate the largest employment in any economy?

[A] Primary
[B] Secondary
[C] Tertiary
[D] Organised

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34. In which year, National Food Security Act was passed?

[A] 2014
[B] 2013
[C] 2012
[D] 2009

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35. Which is major cause of the poor development of India?

[A] High Population
[B] Less Exports
[C] Market Imperfections
[D] Poor infrastructure

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36. Which among the following micronutrients are provided by fertilizers to plants?
1. Nitrogen
2. Phosphorous
3. Potassium
4. Oxygen
Choose the correct option from the codes given below:

[A] 1 and 2 only
[B] 1,2 and 3 only
[C] 1,2,3 and 4
[D] 2,3 and 4 only

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37. Which among the following is not a bio-fertilizer?

[A] Vermi compost
[B] Urea
[C] Azobacter
[D] Clostridium

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38. Which among the following is not a part of horticulture production?

[A] Apples
[B] Mangoes
[C] Sugarcane
[D] Pineapple

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39. Which is the highest imported vegetable oil for India?

[A] Sunflower
[B] Palm
[C] Soyabean
[D] None of the above

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40. What is the main purpose of buffer stock in India?

[A] To reduce food price fluctuations
[B] To save food grains from environment threats
[C] To provde farmers a place to save food grains
[D] None of the above

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