Indian Economy MCQs
Indian Economy Multiple Choice Questions (MCQs) for State and UPSC Civil Services Examinations. Objective Questions on Indian Economy for competitive examinations.
41. What is the contribution of carp to Indian fisheries?
[A] 50%
[B] 30%
[C] 75%
[D] None of the above
Show Answer
Correct Answer: C [75%]
Notes:
India is basically a carp country with more than 75 percent of the production being contributed by carps alone. Carp are various species of oily freshwater fish from the family Cyprinidae, a very large group of fish native to Europe and Asia.
42. What was the export of Readymade garments of silk in the previous year?
[A] US$ 189 million
[B] US$ 635 million
[C] US$ 87 million
[D] US$ 765 million
Show Answer
Correct Answer: A [US$ 189 million]
Notes:
The silk products exported include natural silk yarns, fabrics, made-ups, readymade garments, silk carpets, and silk waste. Readymade garments of silk formed the largest share in exports between 2018-19 at US$ 189 million, followed by fabrics and made-ups at US$ 57.72 million and silk waste at US$ 18.56 million.
43. In which year was the Indian Silk Export Promotion Council (ISEPC) set up?
[A] 1999
[B] 1983
[C] 1987
[D] 1991
Show Answer
Correct Answer: B [1983]
Notes:
The Indian Silk Export Promotion Council (ISEPC) was set up in 1983 as a company, not for profit under Companies Act duly sponsored by the Government of India in the Ministry of Textiles.
44. Which among the following are the basic operations of silviculture?
1. regeneration
2. tending
3. harvesting
Choose the correct option from the choices given below:
[A] 1 only
[B] 1 and 3 only
[C] 1,2 and 3
[D] 2 and 3 only
Show Answer
Correct Answer: C [1,2 and 3 ]
Notes:
Silviculture is the science of forest farming. The three basic operations contained are regeneration, tending, and harvesting of the forest. A series of treatments along the tree life is regarded as a silvicultural system.
45. Which among the following is not under the priority sector lending scheme of RBI?
[A] Agriculture
[B] MSME
[C] Food processing
[D] Real Estate
Show Answer
Correct Answer: D [Real Estate]
Notes:
Priority Sector scheme of RBI includes the following categories:
(i) Agriculture
(ii) Micro, Small and Medium Enterprises
(iii) Export Credit
(iv) Education
(v) Housing
(vi) Social Infrastructure
(vii) Renewable Energy
(viii) Others
The food processing and horticulture comes under agriculture as they are allied activities under agriculture..
46. What is the percentage of land under tenancy?
[A] 10%
[B] 20%
[C] 40%
[D] 15%
Show Answer
Correct Answer: A [10%]
Notes:
As per official records of NSSO only about 10% of the agricultural land is under tenancy in India. It is down from 20% in 1953-54. The tenancy reforms is very important for the development of agriculture in India.
47. What is the amount of agricultural export out of the total output?
[A] 10%
[B] 15%
[C] 25%
[D] 20%
Show Answer
Correct Answer: B [15%]
Notes:
Out of the total agricultural produce, only 15% is exported from India. It is 25% for USA and 49% for China. so there is a huge potential in this for India.
48. When was Rashtriya Gokul Mission launched?
[A] 2014
[B] 2017
[C] 2016
[D] 2013
Show Answer
Correct Answer: A [2014]
Notes:
Rashtriya Gokul Mission is a project under the National Programme for Bovine Breeding and Dairy Development. It was started in 2014.
49. AMUL is an example of which type of Industry?
[A] Cooperative Industry
[B] Public sector Industry
[C] Private Industry
[D] Joint sector Industry
Show Answer
Correct Answer: A [ Cooperative Industry]
Notes:
AMUL is an example of the Cooperative Industry. Producers or suppliers of raw materials, workers or both own these industries in cooperatives. The stakeholders own and share the profit or loss proportionately. Example: AMUL
50. Which Index helps to understand the growth of various sectors of the Economy?
[A] IIP
[B] CPI
[C] WPI
[D] None of the above
Show Answer
Correct Answer: A [IIP]
Notes:
Index of Industrial Production (IIP) helps us to understand the growth of various sectors of the Economy. It is released monthly by CSO.
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