Explore topic-wise MCQs in Economics.

This section includes 2369 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.

551.

Which statement is not correct about the fertilizer industry of India?

A. It is the fastest growing industry of the country in recent years.
B. India is the third largest producer of nitrogen fertilizers in the world
C. India is self-reliant with respect to chemical fertilizers
D. It is the second major industry in the country in terms of investment and value of manufactured products.
Answer» D. It is the second major industry in the country in terms of investment and value of manufactured products.
552.

What is the proper reason why most of the paper mills of India are located in the state of West Bengal?

A. Procurement of sufficient quantity of raw materials
B. Largest population of Kolkata provides country's largest paper market
C. Received coal as a means of power from Raniganj and Jharia
D. all of the suitable
Answer» E.
553.

Nepagar in Madhya Pradesh is famous for-

A. clothing industry
B. newsprint
C. pantyhose
D. Vegetable oil
Answer» C. pantyhose
554.

Firozabad is famous for-

A. clothing material
B. sewing machine
C. glass bangles
D. Artificial silk
Answer» D. Artificial silk
555.

Oil refinery is not established at which of the following port?

A. Mangalore
B. Kochi
C. Chennai
D. Diamond Harbor
Answer» E.
556.

Oil refineries in India are often located near major ports because -

A. Oil fields are mostly located near the coast.
B. Dependence on imported raw materials.
C. Refined products are easily available in the market.
D. technical capabilities are accessible
Answer» C. Refined products are easily available in the market.
557.

Which of the following places is related to petrochemicals?

A. Korba
B. nepanagar
C. Koyli
D. Nashik
Answer» D. Nashik
558.

Textile industry contributes the most in earning money because -

A. The dependence on imports for its exports is very high.
B. There is little dependence on imports for its exports.
C. The country does not have to depend on any kind of imports for its exports.
D. its cost is minimal
Answer» C. The country does not have to depend on any kind of imports for its exports.
559.

Approximately what percentage of sugar is obtained by crushing sugarcane in India by weight of total sugarcane?

A. 5 percent
B. 10 percent
C. 20 percent
D. 30 percent
Answer» C. 20 percent
560.

What is the rank of India in the world in sugar production?

A. First
B. Second
C. third
D. IV
Answer» C. third
561.

In which industry of India, maximum number of women are employed?

A. tea industry
B. jute industry
C. clothing industry
D. rubber industry
Answer» B. jute industry
562.

In which area cooperative units have developed rapidly?

A. sugar industry
B. cotton textile industry
C. cement industry
D. jute industry
Answer» B. cotton textile industry
563.

The oldest largest industry in India is

A. cotton textile industry
B. iron-steel industry
C. jute industry
D. paper industry
Answer» B. iron-steel industry
564.

Which of the following iron and steel producing centers of India is located far away from the coal field?

A. Bokaro
B. Durgapur
C. Kulti
D. Bhadravati
Answer» E.
565.

In which state was the maximum localization of silk industry in the country?

A. Manipur
B. Karnataka
C. Kerala
D. Jharkhand
Answer» C. Kerala
566.

With whose cooperation the Durgapur Steel Plant was established?

A. Germany
B. the Soviet Union
C. Great Britain
D. s . NS . a .
Answer» D. s . NS . a .
567.

Which industry contributes the most in net foreign exchange earnings?

A. textile industry
B. handicraft industry
C. jewelery industry
D. manufacturing industry
Answer» B. handicraft industry
568.

Which of the following is an example of footwear industry?

A. oil purifier
B. sugar
C. Software
D. aluminum
Answer» D. aluminum
569.

Which one of the following is the largest industry of the Indian economy in terms of investment?

A. Tea
B. cement
C. iron Steel
D. jute
Answer» D. jute
570.

Bokaro Steel Plant was established with the help of which country?

A. Russia
B. France
C. Great Britain
D. No. a .
Answer» B. France
571.

Limited company means-

A. in which the liability of the shareholders is limited to the extent of their paid-up capital
B. in which certain shares have been issued
C. state owned company
D. registered company
Answer» B. in which certain shares have been issued
572.

Industrial Development Bank of India was established as a wholly owned institution of the Reserve Bank of India. In which year the Government of India took it into its hands by getting it freed from the Reserve Bank of India?

A. in 1972
B. in 1976
C. in 1980
D. in the 1990s
Answer» C. in 1980
573.

Sometime back the Government of India has decided to delicense theWhite Goodsindustry.White Goodsincludes -

A. Stainless steel and aluminum utensils
B. Milk and milk production
C. goods purchased for display consumption
D. Soaps, detergents and other common uses
Answer» D. Soaps, detergents and other common uses
574.

What is meant by sunrise industry?

A. light related lens industry
B. industries in which production is done in sunlight
C. Industries that use solar energy
D. Computer, telecommunication and micro electronics industries
Answer» E.
575.

The meaning of core sector in the scheme is –

A. Agriculture
B. Defence
C. iron Steel
D. Selected Infrastructure Industries
Answer» E.
576.

At present the base year of the Consumer Price Index for Industrial Workers is -

A. manufacturing
B. mining
C. electrical
D. Agriculture
Answer» B. mining
577.

For what purpose was the National Renewal Fund established?

A. for renovation of mines
B. for modernization of industries
C. for setting up small units
D. For rehabilitation of displaced workers after modernization of industries
Answer» E.
578.

What is the share of small scale industries in the total production of the manufacturing sector?

A. 15 percent
B. 25 percent
C. 45 percent
D. 50 percent
Answer» D. 50 percent
579.

The Disinvestment Commission in India was set up by –

A. August 1992 AD In
B. August 1995 AD. In
C. August 1996 AD In
D. March 1998 AD In
Answer» D. March 1998 AD In
580.

The base year for the new Index of Industrial Production in India is

A. 1993 - 94
B. 1994 - 95
C. 1980 - 91
D. 2004 - 05
Answer» E.
581.

The Disinvestment Commission constituted by the Central Government had recommended the sale of 100 percent shares of which public sector company?

A. ITDC
B. Modern Food Industries
C. gas authority of india
D. Food Corporation of India
Answer» C. gas authority of india
582.

A sick industrial unit in India is

A. Who is incurring loss in the current year and in the last five financial years
B. the total loss of which is equal to or more than the net worth
C. who is unable to pay three consecutive installments of loan
D. suitable in all
Answer» B. the total loss of which is equal to or more than the net worth
583.

How many times the All India Census of Small Industrial Units registered by the Small Industries Development Organization has been done -

A. Once
B. twice
C. three times
D. four times
Answer» D. four times
584.

When was theSmall Industries Development Organizationestablished for the continuous progress of small scale industries in India's total industrial exports?

A. 1954 AD
B. 1956 AD
C. 1964 AD
D. 1980 AD
Answer» B. 1956 AD
585.

When was the Industrial and Financial Manufacturing Board established?

A. January 1986
B. January 1992
C. January 1987
D. January 1983
Answer» C. January 1987
586.

In which industry is it necessary to obtain a license for investment?

A. cement industry
B. paper industry
C. machine tool industry
D. cigarette manufacturing industry
Answer» E.
587.

What is the definition of small scale industry in India based on?

A. on sales volume of a unit
B. Value of investment for plants and equipment in a unit
C. on a unit's far-reaching market access
D. Whether or not the manufactured product is in the list prepared by the Ministry of Industry
Answer» C. on a unit's far-reaching market access
588.

Small and cottage industries are important because -

A. they provide employment to many
B. they are traditional
C. easy to manage
D. government helps them
Answer» B. they are traditional
589.

Public sector means-

A. Government control over commerce and trade
B. private ownership of commerce and trade
C. commerce and trade
D. Primarily private ownership of commerce and trade which has been taken over by the government.
Answer» B. private ownership of commerce and trade
590.

When did the era of disinvestment start in public sector industries?

A. 1980 - 81 AD
B. 1985 - 88 AD
C. 1990 - 91 AD.
D. 1991 - 92 AD
Answer» E.
591.

Which industry has been exempted from the requirement of license?

A. motorcar industry
B. Industries related to air conditioners, fridges, washing machines, etc.
C. certain types of leather industry
D. all of which
Answer» E.
592.

By adopting the policy of liberalization and deregulation, the government has abolished the requirement of license for most of the industries. For how many industries industrial license is mandatory in the current policy?

A. 5 ,
B. 6 ,
C. 8 ,
D. 9 ,
Answer» B. 6 ,
593.

The number of industries reserved for the government sector under the Industrial Policy of the Government of India is -

A. 3 ,
B. 5 ,
C. 6 ,
D. 9 ,
Answer» B. 5 ,
594.

Russia has agreed to set up how many units of nuclear, furnaces in Kudankulam, Tamil Nadu?

A. 2 ,
B. 4 ,
C. 5 ,
D. 6 ,
Answer» B. 4 ,
595.

India has entered into a comprehensive nuclear power treaty with which of the following countries, so that it will be able to build many nuclear power stations in the country?

A. Russia
B. U. s . a .
C. Japan
D. Germany
Answer» C. Japan
596.

by Pakistan. . . . . . . . . . . . . . . Objections have been raised on the construction of Kishan-Ganga Hydropower project being developed in -

A. Rajasthan
B. Jammu and Kashmir
C. Gujarat
D. Punjab
Answer» C. Gujarat
597.

Where is the Central Hydropower Research Center located?

A. khadagwasla
B. Delhi
C. jamnagar
D. Srisalam
Answer» B. Delhi
598.

When was the first industrial policy of India announced?

A. on 1st April, 1942
B. on 6th April, 1948
C. on 30 April 1956
D. On January 1, 1951
Answer» C. on 30 April 1956
599.

With the help of which of the following countries the Kudankulam Nuclear Power Project is being set up?

A. France
B. Germany
C. U. K.
D. Russia
Answer» E.
600.

Bombay Highrefers to -

A. offshore oil field
B. offshore oil field
C. offshore gas field
D. from onshore gas field
Answer» B. offshore oil field