Which of the following estimates the National Income in India?

Central Statistical Organization

What does the term NSDL stands for?

National Safety Development Limited

National Securities Development Limited

National Securities Depository Limited

National Safety Development Limited

Natural Safety Deployment Limited

Economic liberalization in India started with?

The convertibility of Indian rupees

Substantial changes in industrial licensing policy

The convertibility of Indian rupees

Doing away with procedural formalities for foreign direct investment

Significant reduction in tax rates

Where globalization is transferred with heavy close of Swadeshi in national economy

Where agriculture and industry are given equal importance

Where public sector exists alongwith the private sector in national economy

Where globalization is transferred with heavy close of Swadeshi in national economy

When the Centre and the States are equal partners in economics planning and development

The “Dual Economy” is a mixture of?

industrial sector and manufacturing sectors

traditional agriculture sector and modern industrial sector

industrial sector and manufacturing sectors

state ownership of the means of production

industrial sector and trading of goods obtained through imports

The term “mixed economy” denoted?

existence of both heavy and small industries

existence of both rural and urban sector

existence of both private and public sectors

existence of both heavy and small industries

existence of both development and underdeveloped sectors

One of the key features of many flagship schemes such as MGNREGA and NRLM is that they are “Demand Driven”. What is / are the feature / features of a demand driven scheme?

The planning is highly centralised

The process is driven from the grassroots of the society

The planning is highly centralised

Implementation is largely done by the Central Government

Which among the following programmes is NOT being implemented in India with assistance of World Bank?

National Vector Borne Disease Control and Polio Eradication

National Rural Livelihoods Project

Delhi Mumbai Industrial Corridor Project

1254 + Mcqs in Indian Economy in General Knowledge Page 25 McqOptions

1201.	Which industry employs the largest number of women in India?
A.	tea
B.	textile
C.	jute
D.	coal
Answer» B. textile

Discussion

1202.	In India which of the following taxes is levied by the state governments?
A.	Excise duty on liquor
B.	Capital gains tax
C.	Customs tax
D.	corporation tax
Answer» B. Capital gains tax

Discussion

1203.	Which of the following estimates the National Income in India?
A.	Central Statistical Organization
B.	National Income Committee
C.	Planning commission
D.	Reserve Bank of India
Answer» B. National Income Committee

Discussion

1204.	Which of the following organizations looks after the credit needs of agriculture and rural development in India?
A.	FCI
B.	IDBI
C.	NABARD
D.	ICAR
Answer» D. ICAR

Discussion

1205.	In Indian economy, the principal means of transportation is
A.	airways
B.	railways
C.	waterways
D.	roadways
Answer» C. waterways

Discussion

1206.	Which one of the following was launched with the objective of helping the poor in rural areas to become self employed?
A.	DPAP
B.	IRDP
C.	TRYSEM
D.	DDP
Answer» D. DDP

Discussion

1207.	What does the term NSDL stands for?
A.	National Securities Development Limited
B.	National Securities Depository Limited
C.	National Safety Development Limited
D.	Natural Safety Deployment Limited
Answer» C. National Safety Development Limited

Discussion

1208.	The Mumbai Stock Exchange was set up in
A.	1875
B.	1900
C.	1922
D.	1947
Answer» B. 1900

Discussion

1209.	The Chota Nagpur Plateau famous for its mineral deposits is in
A.	Uttar Pradesh
B.	Jharkhand
C.	Madhya Pradesh
D.	Bihar
Answer» C. Madhya Pradesh

Discussion

1210.	Who was the chief architect of Green Revolution that significantly improved the agricultural yield in the country?
A.	MS Swaminathan
B.	VR Krisha Aiyyar
C.	V Kurien
D.	Jawaharlal Nehru
Answer» B. VR Krisha Aiyyar

Discussion

1211.	Which one of the following is a rabi crop?
A.	rice
B.	Jowar
C.	cotton
D.	peas
Answer» E.

Discussion

1212.	Which one of the following is a Kharif crop?
A.	bajra
B.	wheat
C.	mustard
D.	barley
Answer» B. wheat

Discussion

1213.	Agriculture employs almost what percent of the Indian population?
A.	90
B.	50
C.	40
D.	70
Answer» E.

Discussion

1214.	India does not share its boundary with which of the following countries?
A.	China
B.	Taiwan
C.	Burma
D.	Bhutan
Answer» C. Burma

Discussion

1215.	In terms of geographical area India occupies what position in the world?
A.	five
B.	six
C.	seven
D.	three
Answer» D. three

Discussion

1216.	According to the census in 2001, which city in India has the largest population?
A.	Kolkatta
B.	Mumbai
C.	Delhi
D.	Chennai
Answer» C. Delhi

Discussion

1217.	People belonging to what age group are eligible for training under TRYSEM scheme?
A.	18-35
B.	25-40
C.	18-50
D.	18-25
Answer» B. 25-40

Discussion

1218.	Census in India is being held regularly after every.
A.	6 years
B.	8 years
C.	10 years
D.	12 years
Answer» D. 12 years

Discussion

1219.	Which of the following plans aimed at the removal of poverty and attainment of self-reliance?
A.	second plan
B.	third plan
C.	Fourth Plan
D.	fifth plan
Answer» E.

Discussion

1220.	When, for the first time, did the Prime Minister of India announce the 20-point Economic Programme?
A.	1973
B.	1974
C.	1975
D.	1976
Answer» D. 1976

Discussion

1221.	Minor ports like Kakinada, Machilipatnam, Bheemunipatnam and Krishnapatnam are in which of the following states?
A.	Tamil Nadu
B.	Andhra Pradesh
C.	Maharashtra
D.	Karnataka
Answer» C. Maharashtra

Discussion

1222.	Which Indian state has the largest number of cotton textile mills?
A.	Madhya Pradesh
B.	Maharashtra
C.	Gujarat
D.	West Bengal
Answer» C. Gujarat

Discussion

1223.	In which of the following years were the cocking coals and non-cocking coal mines in India nationalized?
A.	1971 and 1972 repetitively
B.	1972 and 1973 respectively
C.	1973 and 1974 respectively
D.	1970 and 1972 respectively
Answer» C. 1973 and 1974 respectively

Discussion

1224.	At which of the following places was the mining of coal started in 1774?
A.	Chhindwara
B.	Dhanbad
C.	Ranchi
D.	Raniganj
Answer» E.

Discussion

1225.	Which of the following Five Year Plans recognized human development as the core of all developmental efforts?
A.	Eighth Five Year Plan
B.	Seventh Five Year Plan
C.	Fifth Five Year Plan
D.	Third Five Year Plan
Answer» B. Seventh Five Year Plan

Discussion

1226.	The aim of which of the Five Year Plans was to correct the disequilibrium in the economy?
A.	First Five Year Plan
B.	Second Five Year Plan
C.	Third Five Year Plan
D.	Fourth Five Year Plan
Answer» B. Second Five Year Plan

Discussion

1227.	Which of the following is the basic characteristic of Oligopoly?
A.	a few sellers, one buyer
B.	a few sellers, many buyers
C.	a few sellers, a few buyers
D.	many sellers, a few buyers
Answer» C. a few sellers, a few buyers

Discussion

1228.	An economy is at the take off stage on its path to development when it
A.	becomes stagnant
B.	begins steady growth
C.	is liberalized
D.	gets maximum foreign aid
Answer» C. is liberalized

Discussion

1229.	Who was the first administrator-statesman to attempt planning as a means for economic development?
A.	Sir CP Ramaswami Aiyyar
B.	M Viswesvarayya
C.	VT Krishnamachari
D.	C Rajagopalachari
Answer» C. VT Krishnamachari

Discussion

1230.	The Indian Economy is characterised by: 1. Pre-dominance of Agriculture 2. Pre-dominance of Industry 3. Low Per Capita Income 4. Massive Unemployment Select the anser from the given options:
A.	1 and 2 only
B.	1, 2 and 3 only
C.	2, 3 and 4 only
D.	1, 3 and 4 only
Answer» E.

Discussion

1231.	Economic liberalization in India started with?
A.	Substantial changes in industrial licensing policy
B.	The convertibility of Indian rupees
C.	Doing away with procedural formalities for foreign direct investment
D.	Significant reduction in tax rates
Answer» B. The convertibility of Indian rupees

Discussion

1232.	In India, planned economy is based on?
A.	Gandhian System
B.	Socialist System
C.	Capitalist System
D.	None of these
Answer» C. Capitalist System

Discussion

1233.	Mixed Economy means?
A.	Where agriculture and industry are given equal importance
B.	Where public sector exists alongwith the private sector in national economy
C.	Where globalization is transferred with heavy close of Swadeshi in national economy
D.	When the Centre and the States are equal partners in economics planning and development
Answer» C. Where globalization is transferred with heavy close of Swadeshi in national economy

Discussion

1234.	It will be true to classify India as?
A.	A food deficit economy
B.	A labour surplus economy
C.	A trade surplus economy
D.	A capital surplus economy
Answer» C. A trade surplus economy

Discussion

1235.	When development in economy takes place, the share of tertiary sector in National Income?
A.	first falls and the rises
B.	first rises and then falls
C.	keeps on increasing
D.	remains constant
Answer» D. remains constant

Discussion

1236.	Which sector of Indian Economy has shown remarkable expansion during the last decade?
A.	Primary sectors
B.	Secondary sectors
C.	Tertiary sectors
D.	Mining sectors
Answer» D. Mining sectors

Discussion

1237.	The “Dual Economy” is a mixture of?
A.	traditional agriculture sector and modern industrial sector
B.	industrial sector and manufacturing sectors
C.	state ownership of the means of production
D.	industrial sector and trading of goods obtained through imports
Answer» B. industrial sector and manufacturing sectors

Discussion

1238.	In an economy, the sectors are classified into public and private on the basis of?
A.	employment condition
B.	nature of economic activities
C.	ownership of enterprises
D.	use of raw materials
Answer» D. use of raw materials

Discussion

1239.	The term “mixed economy” denoted?
A.	existence of both rural and urban sector
B.	existence of both private and public sectors
C.	existence of both heavy and small industries
D.	existence of both development and underdeveloped sectors
Answer» C. existence of both heavy and small industries

Discussion

1240.	One of the key features of many flagship schemes such as MGNREGA and NRLM is that they are “Demand Driven”. What is / are the feature / features of a demand driven scheme?
A.	The process is driven from the grassroots of the society
B.	The planning is highly centralised
C.	Implementation is largely done by the Central Government
D.	None of them
Answer» B. The planning is highly centralised

Discussion

1241.	Maximum share in India’s total external debt is of which among the following currency?
A.	US Dolla
B.	Indian Rupee
C.	Euro
D.	Japanese Yen
Answer» B. Indian Rupee

Discussion

1242.	National Small Savings Fund is a part of which among the following?
A.	Consolidated Fund of India
B.	Public Account of India
C.	Contingency Fund of India
D.	Prime Minister’s Relief Fund
Answer» C. Contingency Fund of India

Discussion

1243.	Which among the following programmes is NOT being implemented in India with assistance of World Bank?
A.	National Vector Borne Disease Control and Polio Eradication
B.	National Rural Livelihoods Project
C.	PMGSY Rural Roads Project
D.	Delhi Mumbai Industrial Corridor Project
Answer» E.

Discussion

1244.	Maximum share in total external debt of India is of ___
A.	Long-term borrowings
B.	Short Term Borrowings
C.	Medium Term Borrowings
D.	Ultra-Long term borrowings
Answer» B. Short Term Borrowings

Discussion

1245.	Which of the above is/are correctly matched? Yellow Revolution- Eggs Golden Revolution-Oilseeds Round Revolution-Potato Grey Revolution-Fertilizers
A.	1 and 2
B.	3 and 4
C.	2, 3 and 4
D.	1, 2 and 4
Answer» C. 2, 3 and 4

Discussion

1246.	The government has powers under the Essential Commodities Act, 1955 (EC Act) to declare a commodity as an essential commodity to ensure its availability to people at fair price. The Commodities covered under the Act include : 1.Paper 2.Hank Yarn 3.Fertilizers 4.Petroleum and Petroleum Products 5.Cotton and Jute seeds
A.	1, 2 and 3
B.	1, 3 and 4
C.	3, 4 and 5
D.	2, 3, 4 and 5
Answer» E.

Discussion

1247.	The term “TDSAT” refers to which among the following ?
A.	A Satellite
B.	A Tribunal
C.	A Telecom Company
D.	A Society
Answer» C. A Telecom Company

Discussion

1248.	How many states of India are covered under the National Horticulture Mission?
A.	14
B.	16
C.	18
D.	20
Answer» D. 20

Discussion

1249.	Approximately what fraction of India’s trade by volume is moved by sea?
A.	70%
B.	80%
C.	90%
D.	95%
Answer» E.

Discussion

1250.	National Food for Work Programme, was launched in 150 districts of India in 2004. Later this programme was subsumed in which among the following programmes?
A.	Sampoorna Grameen Rozgar Yojna
B.	Mahatma Gandhi NREGA
C.	Pradhan Mantri Rozgar Yojna
D.	None of them
Answer» C. Pradhan Mantri Rozgar Yojna

Discussion

Explore topic-wise MCQs in General Knowledge.

Which industry employs the largest number of women in India?

In India which of the following taxes is levied by the state governments?

Which of the following estimates the National Income in India?

Which of the following organizations looks after the credit needs of agriculture and rural development in India?

In Indian economy, the principal means of transportation is

Which one of the following was launched with the objective of helping the poor in rural areas to become self employed?

What does the term NSDL stands for?

The Mumbai Stock Exchange was set up in

The Chota Nagpur Plateau famous for its mineral deposits is in

Who was the chief architect of Green Revolution that significantly improved the agricultural yield in the country?

Which one of the following is a rabi crop?

Which one of the following is a Kharif crop?

Agriculture employs almost what percent of the Indian population?

India does not share its boundary with which of the following countries?

In terms of geographical area India occupies what position in the world?

According to the census in 2001, which city in India has the largest population?

People belonging to what age group are eligible for training under TRYSEM scheme?

Census in India is being held regularly after every.

Which of the following plans aimed at the removal of poverty and attainment of self-reliance?

When, for the first time, did the Prime Minister of India announce the 20-point Economic Programme?

Minor ports like Kakinada, Machilipatnam, Bheemunipatnam and Krishnapatnam are in which of the following states?

Which Indian state has the largest number of cotton textile mills?

In which of the following years were the cocking coals and non-cocking coal mines in India nationalized?

At which of the following places was the mining of coal started in 1774?

Which of the following Five Year Plans recognized human development as the core of all developmental efforts?

The aim of which of the Five Year Plans was to correct the disequilibrium in the economy?

Which of the following is the basic characteristic of Oligopoly?

An economy is at the take off stage on its path to development when it

Who was the first administrator-statesman to attempt planning as a means for economic development?

The Indian Economy is characterised by: 1. Pre-dominance of Agriculture 2. Pre-dominance of Industry 3. Low Per Capita Income 4. Massive Unemployment Select the anser from the given options:

Economic liberalization in India started with?

In India, planned economy is based on?

Mixed Economy means?

It will be true to classify India as?

When development in economy takes place, the share of tertiary sector in National Income?

Which sector of Indian Economy has shown remarkable expansion during the last decade?

The “Dual Economy” is a mixture of?

In an economy, the sectors are classified into public and private on the basis of?

The term “mixed economy” denoted?

One of the key features of many flagship schemes such as MGNREGA and NRLM is that they are “Demand Driven”. What is / are the feature / features of a demand driven scheme?

Maximum share in India’s total external debt is of which among the following currency?

National Small Savings Fund is a part of which among the following?

Which among the following programmes is NOT being implemented in India with assistance of World Bank?

Maximum share in total external debt of India is of ___

Which of the above is/are correctly matched? Yellow Revolution- Eggs Golden Revolution-Oilseeds Round Revolution-Potato Grey Revolution-Fertilizers

The term “TDSAT” refers to which among the following ?

How many states of India are covered under the National Horticulture Mission?

Approximately what fraction of India’s trade by volume is moved by sea?

National Food for Work Programme, was launched in 150 districts of India in 2004. Later this programme was subsumed in which among the following programmes?