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. In context with the share markets in India, public issue refers to which of the following?
[A] first time issuance of shares of a company via stock exchange
[B] first time issuance of shares of a public company via stock exchange
[C] allotment of shares to 50 or more investors
[D] allotment of shares to public by 50% or more fraction of the total equity
Show Answer
Correct Answer: C [ allotment of shares to 50 or more investors ]
Notes:
The primary market issuance is done either through public issues or private placement. Under Companies Act, 1956, an issue is referred as public if it results in allotment of securities to 50 investors or more. However, when the issuer makes an issue of securities to a select group of persons not exceeding 49 and which is neither a rights issue nor a public issue it is called a private placement.
12. Consider the following statements about the Rashtriya Arogya Nidhi Scheme:
- The scheme provides for financial assistance in the form of “one time grant” to patients living below poverty line and suffering from life-threatening diseases
- Under the scheme, the assistance for treatment is available only in Government Hospitals.
Which of the above statements is/are correct?
[A] 1 Only
[B] 2 Only
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: C [Both 1 & 2]
Notes:
First statement is correct. The Rashtriya Arogya Nidhi Scheme aims to provide financial assistance to patients living below poverty line and suffering from the life-threatening diseases. The scheme provides financial assistance in the form of grant-in-aid. Second statement is correct. The assistance for treatment is available only in Government hospitals. Central Government & State Government employees are not eligible for the scheme.
13. World Tourism Day is celebrated on which of the following days?
[A] September 12
[B] September 25
[C] September 29
[D] September 27
Show Answer
Correct Answer: D [September 27]
Notes:
Since 1980, the United Nations World Tourism Organization has celebrated World Tourism Day as international observances on September 27. This date was chosen as on that day in 1970, the Statutes of the UNWTO were adopted.
14. Who is the author of “Poverty and un-British rule in India”?
[A] Suredranath Banerjee
[B] R.C.Dutt
[C] Rajarammohan Roy
[D] Dadabai Naoroji
Show Answer
Correct Answer: D [Dadabai Naoroji]
Notes:
Dadabai Naoroji who is known as the grand old man of India is a critique of the drain of wealth. He explained the British exploitation of Indian wealth and Indian resources through his book “Poverty and un-British rule in India”.
15. Which sector has seen double-digit growth in India in the last decade?
[A] Service sector
[B] Manufacturing sector
[C] Agriculture sector
[D] Mining sector
Show Answer
Correct Answer: A [Service sector]
Notes:
The service sector contributes the largest to GDP. It has seen double-digit growth in the last decade.
16. Which item contributes maximum for Indian Imports?
[A] Oil
[B] Gems
[C] Automobiles
[D] Iron and steel
Show Answer
Correct Answer: A [Oil]
Notes:Top 10 Imports of India
|
#
|
Import Category
|
Import Value
|
Share of Total Imports
|
Top Source Countries
|
|
1
|
Petroleum fuels & oils
|
US$220.6B
|
31.4%
|
Russia, Iraq, Saudi Arabia, UAE
|
|
2
|
Electrical machinery & equipment
|
US$84.9B
|
12.1%
|
China, Vietnam, South Korea
|
|
3
|
Gems & precious metals
|
US$83.3B
|
11.9%
|
Switzerland, UAE, South Africa
|
|
4
|
Machinery incl. computers
|
US$61.6B
|
8.8%
|
Germany, USA, Japan
|
|
5
|
Organic chemicals
|
US$26B
|
3.7%
|
China, USA, Singapore
|
|
6
|
Plastics & plastic articles
|
US$21.9B
|
3.1%
|
China, Germany, USA
|
|
7
|
Iron & steel
|
US$17.7B
|
2.5%
|
South Korea, China, Japan
|
|
8
|
Animal & vegetable oils
|
US$17B
|
2.4%
|
Indonesia, Malaysia, Ukraine
|
|
9
|
Optical/technical/medical apparatus
|
US$13.7B
|
1.9%
|
Germany, USA, Japan
|
|
10
|
Aircraft & spacecraft
|
US$12.6B
|
1.8%
|
USA, France, Russia
|
17. During which Five-Year plan 14 major banks were nationalized?
[A] 5th
[B] 4th
[C] 6th
[D] During Rolling plan
Show Answer
Correct Answer: B [4th]
Notes:
The Fourth Five year plan was from 1969-74. At this time Indira Gandhi was the Prime Minister. The Indira Gandhi government nationalised 14 major Indian banks in July 1969.
18. On which date, NITI Aayog was established?
[A] 1 January 2015
[B] 25 January 2016
[C] 14 May 2014
[D] 1 July 2015
Show Answer
Correct Answer: A [1 January 2015]
Notes:
NITI Aayog established on 1 January 2015. Its full form is a National Institution for Transforming India. It replaced the Planning commission.
19. Which is the top pulses producing country of the world?
[A] Myanmar
[B] Canada
[C] India
[D] Nigeria
Show Answer
Correct Answer: C [India]
Notes:
India is the top pulses producing nation in the world. Top 3 pulses producing countries are India, Canada, Myanmar.
20. Which is the largest Millet producing nation in the world?
[A] China
[B] India
[C] Indonesia
[D] Mexico
Show Answer
Correct Answer: B [India]
Notes:
India is the largest millet producing nation in the world. India is also the largest pulses producing nation.
