Indian Economy MCQs

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Karnataka produced 13,278 tonnes of raw silk in 2024-25, the highest in India. The state has consistently led silk production, accounting for around one-third of the country’s total output annually. Major silk-producing districts in Karnataka include Mandya, Kolar, Chikkaballapur, and Ramanagara. The Central Silk Board reports Karnataka’s dominance in mulberry silk production nationwide for several years.

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The main source of financing the implementation of development programmes is from taxes and other measures.

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Unsafe water, contaminated food, and polluted air are linked to around 40% of global deaths caused by pollution in developing countries. Waterborne diseases like cholera and diarrhoea account for significant mortality, especially in children. Air pollution contributes to respiratory diseases, increasing mortality rates among children under age five. Contaminated food transmits diarrhoeal diseases and other infections, particularly in low-income regions.

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Amartya sen and Mehboob Ul Haq created the Human Development Index which captures the development of human beings of a country as development is not only about economic indicators.

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Traditional economies tend to focus primarily on agriculture, cattle herding, fishing etc. A traditional economy will use the barter system and has no concept of currency or money. Their economies center around their tribes or families.

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Dadabhai Naoroji prepared the first estimates of National income in 1876. He estimated the national income by first estimating the value of agricultural production and then adding a certain percentage as non-agricultural production.

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The poultry venture capital fund scheme is funded by NABARD and the Ministry of MSME to help entrepreneurs and promote poultry farming activity.

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China is the largest silk-producing country globally. In 2022, China accounted for approximately 75% of the world’s raw silk output. China’s main silk-producing provinces are Jiangsu, Zhejiang, and Sichuan. The country has been the leading silk producer for several decades, exporting silk products worldwide. The Chinese silk industry is supported by both government initiatives and private sector involvement.

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The raising and care of bees for commercial or agricultural purposes is known as apiculture. It is the maintenance of honeybee colonies, commonly in hives, by humans.  The beekeeper take care of the bees in order to collect honey and other products of the hive (including beeswax, propolis, pollen, and royal jelly) to pollinate crops. The location where bees are kept is called an apiary or bee yard.

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AMUL is an example of the Cooperative Industry. Producers or suppliers of raw materials, workers or both own these industries in cooperatives. The stakeholders own and share the profit or loss proportionately. Example: AMUL