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MCQ on Indian Economy
Major part of the Indian agriculture is characterized by
- Large size farm
- Capitalist agriculture
- Small size farm
- Co-operative farm
Correct Option: C [ Small size farm ]
Explanation:
Explanation:
The highest body which approves the Five Year Plan in India is :
- Parliament
- Planning Commission
- National Development Council
- Finance Commission
Correct Option: C [ National Development Council ]
Explanation:
Explanation:
Which of the statements given below is/are correct?
(i) GNP is always higher than GDP.
(ii) If GDP is greater than GNP, then net factor income earned abroad is negative.
Select the correct answer using the codes given below.
- Only (i)
- Only (ii)
- Both (i) and (ii)
- Neither (i) nor (ii)
Correct Option: B [ Only (ii) ]
Explanation:
Explanation:
National Food Security Act came into effect in the year:
- 2012
- 2013
- 2014
- None of the above
Correct Option: B [ 2013 ]
Explanation:
Explanation:
Which of the following has the highest per capita income ?
- Delhi
- Sikkim
- Haryana
- Goa
Correct Option: D [ Goa ]
Explanation:
Explanation:
In India, which sector generally suffers from the problem of surplus labour ?
- Agriculture
- Industry
- Service
- All of these
Correct Option: A [ Agriculture ]
Explanation:
Explanation:
Gilt-edged market means:
- Market of government securities
- Bullion market
- Market of commodities
- Market of pure metals
Correct Option: A [ Market of government securities ]
Explanation:
Explanation:
Where is the headquarter of Reserve Bank of India (RBI) situated ?
- Chennai
- New Delhi
- Kolkata
- Mumbai
Correct Option: D [ Mumbai ]
Explanation: Established in Calcutta but shifted to Mumbai in 1937.
Explanation: Established in Calcutta but shifted to Mumbai in 1937.
Existence of huge black money creates
- increase in the inequality of income
- decrease in the quality of output
- high living standard for all
- Both (B) and (C)
Correct Option: A [ increase in the inequality of income ]
Explanation:
Explanation:
In India, Special Economic Zones were established to enhance:
- Technology Development
- Free Trade
- Foreign Investment
- Employment
Correct Option: B [ Free Trade ]
Explanation:
Explanation: