Indian Economy MCQs
Indian Economy Multiple Choice Questions (MCQs) for SSC, State and all One Day Examinations of India. Objective Questions on Indian Economy for competitive examinations.
11. Bangladesh is India’s main competitor in the export of which product? (UPSC Prelims 1991)
[A] Cotton garments
[B] Jute
[C] Cement
[D] Pharmaceuticals
Show Answer
Correct Answer: B [Jute]
Notes:
Bangladesh, known for its ‘Golden Fiber’, is the world’s second-largest jute producer after India. It strongly competes with India in global jute exports, often surpassing India due to export restrictions and price competitiveness. Both nations make up over half the worldwide jute market.
12. Which of the following is the highest milk producing breed of goat in India? (UPSC Prelims 1994)
[A] Barbari
[B] Jamnapari
[C] Black Bengal
[D] Beetal
Show Answer
Correct Answer: B [Jamnapari]
Notes:
Jamnapari is the most popular breed for commercial goat farming in India. It is also the highest milk producing breed of goat in India It is mostly found in Uttar Pradesh.
13. What does a good with positive externalities known as?
[A] Giffen goods
[B] Public goods
[C] Merit goods
[D] Snob good
Show Answer
Correct Answer: C [Merit goods]
Notes:
Merit goods are the goods that are provided generally by the government to certain sections of society. Unlike in the case of pure public goods, merit goods are not provided to the entire society; rather they are given to certain targeted people. They Have positive externalities Ex: health, education
14. In which year, Goods & Services Tax was introduced in India?
[A] 2017
[B] 2016
[C] 2018
[D] 2019
Show Answer
Correct Answer: A [2017]
Notes:
Goods and Services Tax was launched on July 1, 2017. It is an indirect tax used in India on the supply of goods and services.
15. When was the Rolling Plan introduced in India?
[A] 1976-77
[B] 1978-79
[C] 1980-81
[D] 1983-84
Show Answer
Correct Answer: B [1978-79]
Notes:
The Rolling Plan was introduced in 1978-79 during the Janata Party regime under Morarji Desai. It replaced the Fifth Five-Year Plan framework for that period and was later discontinued when the Sixth Five-Year Plan was adopted.
16. From which of the following sources can a transgene be introduced into a GM crop?
[A] Plant to plant
[B] Animal to plant
[C] Microorganism to plant
[D] All of the above
Show Answer
Correct Answer: D [All of the above]
Notes:
A transgene is a gene transferred from one organism to another during genetic modification. In GM crops, useful genes may come from another plant, an animal, or a microorganism. Hence, all the listed sources are possible.
17. What is growing of 2 crops in alternate rows known as?
[A] Relay cropping
[B] Row intercropping
[C] Mixed cropping
[D] None of the above
Show Answer
Correct Answer: B [Row intercropping]
Notes:
Row intercropping is a form of intercropping in which two or more crops are grown in alternate rows. It allows better use of space, light, and nutrients, and can also help suppress weeds during the early growth stage of the main crop.
18. Which crop accounts for the largest share of oilseed production in India?
[A] Mustard
[B] Groundnut
[C] Soybean
[D] Rapeseed
Show Answer
Correct Answer: C [Soybean]
Notes:
Soybean is the leading oilseed crop in India by production volume. It contributes the largest share among major oilseeds, ahead of rapeseed-mustard and groundnut. The crop is widely grown in states such as Madhya Pradesh, Maharashtra, and Rajasthan.
19. Where is the Central Bird Research Institute located?
[A] Izzatnagar
[B] Mathura
[C] Visakhapatanam
[D] Hyderabad
Show Answer
Correct Answer: A [Izzatnagar]
Notes:
The Central Avian Research Institute of India is a research institute located at Izzatnagar near Bareilly, Uttar Pradesh state, India. It studies poultry science, including avian genetics, breeding, nutrition and feed technology, and avian physiology and reproduction, for the betterment of the Indian poultry industry.
20. Which option correctly defines Mariculture?
[A] Cultivation only in open ocean cages
[B] Cultivation in open rivers or freshwater
[C] Cultivation exclusively in land-based ponds
[D] Cultivation in open ocean, coastal areas, or seawater tanks/ponds
Show Answer
Correct Answer: D [Cultivation in open ocean, coastal areas, or seawater tanks/ponds]
Notes:
Mariculture refers to cultivation of marine organisms like fish, shellfish, and seaweed in marine environments such as open ocean, enclosed coastal waters, or seawater-filled tanks and ponds. Mariculture differs from freshwater aquaculture by being practiced in saline environments. Common methods include ocean cages, pens, nets, or land-based marine tanks. The Food and Agriculture Organization recognizes mariculture as part of global aquaculture production.
