Indian Economy MCQs

41. India’s first Special Economic Zone dedicated to the Aerospace industry is located at
[A] Maharastra
[B] Guajarath
[C] Karnataka
[D] Tamilnadu

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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

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43. Which among the following is the single largest industry of Tripura?
[A] Agriculture
[B] Apiculture
[C] Sericulture
[D] Handloom weaving

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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

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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

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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

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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

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48. Which of the following sector uses largest fraction of commercial energy in India?
[A] Industry
[B] Household
[C] Transport
[D] Agriculture

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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

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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

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