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MCQ on Indian Economy

Which of the following sector gives the largest income in India ?

  • Trade sector
  • Railway
  • Agriculture
  • Service sector
    • Correct Option: D  [ Service sector ]

    Explanation:

Mixed economy means an economy where:

  • There is co-existence of public sector along with private sector
  • Both agriculture and Industry are equally promoted by the state
  • There is importance of small scale industries along with heavy industries
  • Economy is controlled by military as well as civilian rulers
    • Correct Option: A  [ There is co-existence of public sector along with private sector ]

    Explanation:

Parallel economy refers to:

  • Traditional economy
  • Black money
  • Agriculture based economy
  • Socialist economy
    • Correct Option: B  [ Black money ]

    Explanation:

Which of the following was established in 1990 as a wholly owned subsidiary under the Small Industries Development Bank of India Act, 1989 ?

  • RBI
  • SIDBI
  • ICICI
  • NABARD
    • Correct Option: B  [ SIDBI ]

    Explanation:

In the context of Indias Five Year Plans a shift in the pattern of industrialisation with lower emphasis on heavy industries and more on infrastructure begin in:

  • Fourth Plan
  • Sixth Plan
  • Eight Plan
  • Tenth Plan
    • Correct Option: B  [ Sixth Plan ]

    Explanation:

Who was the head of the 10th Finance Commission?

  • K.C. Pant
  • Manmohan Singh
  • Vasant Sathe
  • Shiv Shankar
    • Correct Option: A  [ K.C. Pant ]

    Explanation:

Green revolution occurred during:

  • 1945-1955
  • 1965-1975
  • 1985-1995
  • none of these
    • Correct Option: B  [ 1965-1975 ]

    Explanation:

Sarva Shiksha Abhiyan (SSA) was launched in the IXth Five Year Plan for:

  • education for all
  • education for the weaker sections
  • universalisation of elementary education
  • bridge all the genders and social gaps in education
    • Correct Option: C  [ universalisation of elementary education ]

    Explanation:

Which industry employs the largest number of women in India ?

  • Tea
  • Textile
  • Jute
  • Coal
    • Correct Option: B  [ Textile ]

    Explanation:

Which is the following is direct tax ?

  • Income tax
  • Excise duty
  • Sales tax
  • None of these
    • Correct Option: A  [ Income tax ]

    Explanation:
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