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. What is the FDI allowed in contract manufacturing through an automatic route?
[A] 75%
[B] 100%
[C] 50%
[D] None of the above
Show Answer
Correct Answer: B [100%]
Notes:
Indian Government has allowed 100 % FDI in contract manufacturing through automatic route.
62. What is an agglomeration economy?
[A] Industries using urban centre
[B] Industries using rural centre
[C] Industries providing different services
[D] None of these
Show Answer
Correct Answer: A [Industries using urban centre]
Notes:
agglomeration economy is where iIndustries coming together and using urban centres to provide different services like transport, banking, labour , a consultancy.
63. What is the main aim of a phased manufacturing program?
[A] To increase domestic defence equipment manufacturing
[B] To increase domestic mobile manufacturing
[C] To increase domestic manufacturing of Capital goods
[D] None of the above
Show Answer
Correct Answer: B [To increase domestic mobile manufacturing]
Notes:
The Indian Government has launched a phased manufacturing programme (PMP) aimed at adding more smartphone components under the Make in India initiative. It gives a push to the domestic manufacturing of mobile handsets.
64. Which among the following Bharat stage Emission norm is not implemented in India?
[A] BS IV
[B] BS V
[C] BS VI
[D] BS III
Show Answer
Correct Answer: B [BS V]
Notes:
India has skipped the Bharat stage V emission norms. It has implemented BS VI after BS IV from 1st April 2020 y skipping BS V.
65. Which country is top motor vehicle producer in the world?
[A] China
[B] Japan
[C] US
[D] India
Show Answer
Correct Answer: A [China ]
Notes:
China is the top motor vehicle producer in the world. The top 3 are China,US,Japan.
66. What is the import tax by India on foreign imported cars?
[A] 50%
[B] 100%
[C] 125%
[D] 25%
Show Answer
Correct Answer: C [125%]
Notes:
India charges an import tax of 125% in the foreign imported cars. It charges 10% for the imported components.
67. Which among the following is a cement cluster in India?
1. Satna (Madhya Pradesh),
2. Chandrapur (North Andhra Pradesh and Maharashtra),
3. Gulbarga (North Karnataka and East AP),
4. Chanderia (South Rajasthan + Jawad & Neemuch in MP),
5. Bilaspur (Chattisgarh),
Choose the correct option from the choices given below:
[A] 1,2 and 5 only
[B] 2,3 and 4 only
[C] 1,2,3 and 5 only
[D] 1,2,3,4 and 5
Show Answer
Correct Answer: D [1,2,3,4 and 5]
Notes:
There are 7 cement clusters in India. They produce maximum cement in India.They are as follows:
1. Satna (Madhya Pradesh),
2. Chandrapur (North Andhra Pradesh and Maharashtra),
3. Gulbarga (North Karnataka and East AP),
4. Chanderia (South Rajasthan + Jawad & Neemuch in MP),
5. Bilaspur (Chattisgarh),
6. Yerraguntla (South AP),
7. Nalgonda (Central AP).
68. What is FDI received by FMCG sector in the last 2 decades i.e from 2000 to 2020?
[A] US $16.28 billion
[B] US $13.28 billion
[C] US $12.28 billion
[D] US $10.28 billion
Show Answer
Correct Answer: A [US $16.28 billion]
Notes:
The FMCG sector had FDI inflow of US$ 16.28 billion during April 2000-March 2020.100% FDI is allowed in single brand retail while 51% is allowed in multi brand retail.
69. Who releases FDI Confidence Index?
[A] German Watch
[B] A.T.kearney
[C] WOrld economic forum
[D] UNCTAD
Show Answer
Correct Answer: B [A.T.kearney]
Notes:
The Foreign Direct Investment Confidence (FDI) Index is prepared by A.T. Kearney. It is an annual survey which tracks the impact of likely political, economic, and regulatory changes on the foreign direct investment intentions and preferences of CEOs, CFOs, and other top executives of Global 1000 companies.
70. In which year the Engineering Exports Promotion Council set up?
[A] 1961
[B] 1951
[C] 1955
[D] 1950
Show Answer
Correct Answer: C [1955]
Notes:
EEPC India is the premier trade and investment promotion organization. It is sponsored by the Ministry of Commerce & Industry, Government of India and caters to the Indian engineering sector. It was set up in 1955.
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