Indian Economy MCQs
Indian Economy Multiple Choice Questions (MCQs) for State and UPSC Civil Services Examinations. Objective Questions on Indian Economy for competitive examinations.
61. Which country is the largest defense importer in the world?
[A] Saudi Arabia
[B] China
[C] India
[D] Australia
Show Answer
Correct Answer: A [Saudi Arabia]
Notes:According to the Stockholm International peace research institute(SIPRI), top 5 arms importers are :
- Saudi Arabia
- India
- Egypt
- Australia
- China
62. Which of the following is correct about NITI Aayog?
[A] NITI Aayog was Formed 25 January 2016
[B] NITI Aayog comes under the Ministry of Commerce and Industry
[C] The full form of NITI Aayog is National institute for Technical Initiatives
[D] The NITI Aayog is a policy think tank of the Government of India
Show Answer
Correct Answer: D [The NITI Aayog is a policy think tank of the Government of India]
Notes:
The NITI Aayog is a policy think tank of the Government of India. It replaced the Planning Commission. The full form of NITI Aayog is National Institute for Transforming India.
63. Which Indian Organization Launched Grand Innovation Challenge?
[A] NITI Aayog
[B] IISC,bangalore
[C] BARC
[D] ISRO
Show Answer
Correct Answer: A [NITI Aayog]
Notes:
NITI Aayog launched today the first phase of the ‘Grand Innovation Challenge’ to seek citizens inputs on the key developmental challenges facing India. The idea behind this is to involve citizens at the very first stage in innovating for India’s development.
64. By which year does the government target to double farmer’s income?
[A] 2021
[B] 2020
[C] 2022
[D] 2024
Show Answer
Correct Answer: C [2022]
Notes:
Doubling farmer’s income by 2022 has been the aim of the government. Ashok Dalwai committee has been set up to suggest measures for this.
65. Which among the following is a Kharif Crop?
[A] Wheat
[B] Tobacco
[C] Mustard
[D] Jute
Show Answer
Correct Answer: D [Jute]
Notes:
Kharif season is from June to November. Rice, Maize, millets, cotton, jute, sugarcane, groundnut are some of the Kharif crops.
66. Which is the Apex institution in the field of agriculture credit?
[A] State Bank of India
[B] Reserve bank of India
[C] NABARD
[D] SIDBI
Show Answer
Correct Answer: C [NABARD]
Notes:
NABARD (National Bank for Agriculture and Rural Development) was established in 1982. The main objective for facilities for agriculture and rural development so that financial inclusion can be ensured.
67. What is the growing of crops in strips known as?
[A] Row cropping
[B] Intercropping
[C] Strip cropping
[D] Relay cropping
Show Answer
Correct Answer: C [Strip cropping]
Notes:
Strip Intercropping involves growing of two or more crops in strips that are wide enough to allow separate management of the two crops; but close enough for the crops to interact.
68. What is Antyodaya Anna Yojna related to?
[A] Public ditribution system
[B] Mid day meal
[C] Free electricity to villages
[D] Special Nutrition drive
Show Answer
Correct Answer: A [Public ditribution system]
Notes:
Antyodaya Anna Yojana is a Government of India sponsored scheme to provide highly subsidized food to millions of the poorest families. It was launched in 2000. The public distribution system is related to this.
69. What is India’s oilseed production after independence?
[A] 10 million tonnes
[B] 5 million tonnes
[C] 15 million tonnes
[D] 8 million tonnes
Show Answer
Correct Answer: B [5 million tonnes]
Notes:
After Independence in 1951, India produced a meager 5 million tonnes of oilseeds. India currently produces 26 million tonnes of oilseeds every year.
70. Which among the following is not a secondary source of oilseeds?
[A] Coconut
[B] Cottonseed
[C] Groundnut
[D] Ricebran
Show Answer
Correct Answer: C [Groundnut]
Notes:
The secondary sources of oilseeds include the following Coconut, Cottonseed, Rivebran, Solvent Extracted Oils and oils from Tree and forest origin.
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