41. India’s first Special Economic Zone dedicated to the Aerospace industry is located at
[A] Maharastra
[B] Guajarath
[C] Karnataka
[D] Tamilnadu
Show Answer
Correct Answer: C [Karnataka]
42. The Agrarian Reforms Committee under the chairmanship of Shri J C Kumarappa in 1949 was related to which of the following?
[A] Cooperative Farming
[B] Land Reforms
[C] Irrigation and watershed Development
[D] High Yielding Seeds
Show Answer
Correct Answer: A [Cooperative Farming]
43. Which among the following is the single largest industry of Tripura?
[A] Agriculture
[B] Apiculture
[C] Sericulture
[D] Handloom weaving
Show Answer
Correct Answer: D [Handloom weaving]
44. What will be the ultimate impact on the poor and landless farmers if all of a sudden, government decides to raise the Minimum Support Prices of rice & food grains inexorably or excessively?
[A] The poor farmers become rich
[B] The markets will crash
[C] The poor farmers become more poor
[D] This will encourage the exports of rice and food grains
Show Answer
Correct Answer: C [The poor farmers become more poor]
45. Which among the following is the most abundant human resource in India?
[A] High Skilled Labor in Organized Sector
[B] High Skilled Labor in Unorganized Sector
[C] Low skilled Labor in Organized sector
[D] Low skilled Labor in Unorganized sector
Show Answer
Correct Answer: D [Low skilled Labor in Unorganized sector]
46. For how many industries the Industrial licensing was abolished after Economic Reforms in India?
[A] 18 industries
[B] 25 industries
[C] 50 industries
[D] All Industries except 18
Show Answer
Correct Answer: D [All Industries except 18]
47. Which among the following phrases generally denotes National Income?
[A] Gross National Product at Market Prices
[B] Net National Product at Market Prices
[C] Gross National Product at Factor Cost
[D] Net National Product at Factor Cost
Show Answer
Correct Answer: D [Net National Product at Factor Cost]
48. Which of the following sector uses largest fraction of commercial energy in India?
[A] Industry
[B] Household
[C] Transport
[D] Agriculture
Show Answer
Correct Answer: A [Industry]
49. Which among the following body in India requires to protect the interests of consumers against anti-competitive practices of all market entities?
[A] National Consumer Forum
[B] Competition Commission of India
[C] National Consumer Disputes Redressal Commission
[D] Central Vigilance Commission
Show Answer
Correct Answer: B [Competition Commission of India]
Notes:
The Competition Commission of India (CCI) was set up to replace the anachronistic Monopolies and Restrictive Trade Practices Commission (MRTPC). It was established to eliminate practices that adversely affect competition in different industries/areas and protect interests of consumers and ensure freedom of trade. The Competition Act of 2002 called for the creation of CCI. However, it was established in 2003 and became fully functional only by 2009. The CCI is a quasi-judicial body which gives opinions to statutory authorities and also deals with other cases. It has one chairman and six members. It is the youngest and the only cross-sector regulator in India.
50. Kirit Parikh committee was related to which of the following?
[A] Gurjars Reservation Issue in Rajasthan
[B] Oil & Petroleum Import Policy
[C] Oil Price Reforms
[D] Commodity Exchange Regulations
Show Answer
Correct Answer: C [Oil Price Reforms]
