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 which sector, government owns most of the assets and provides all the services?
[A] Public sector
[B] Primary sector
[C] Quinary sector
[D] Organised sector
Show Answer
Correct Answer: A [Public sector]
Notes:
In the public sector, the government owns most of the assets and it is the part of the economy concerned with providing various governmental services. The purpose of the public sector is not just to earn profits. Governments raise money through taxes and other ways to meet expenses on the services rendered by it.
12. For the first time, indicative planning was used in which FIve Year Plan?
[A] Third Five Year Plan
[B] Fifth Five Year Plan
[C] Eighth Five Year Plan
[D] Tenth Five Year Plan
Show Answer
Correct Answer: C [Eighth Five Year Plan ]
Notes:
The Eighth Plan mentioned that planning would be reoriented so as to make it indicative. Under indicative planning, industries and other sectors are identified where future growth is to be encouraged. Its objective will be to develop the core sector through allocation and optimal utilization of funds.
13. Which fertilizer element is most overused in U.S. agriculture?
[A] Phosphorus
[B] Potassium
[C] Nitrogen
[D] All equally
Show Answer
Correct Answer: C [Nitrogen]
Notes:
U.S. corn-soybean farmers overapplied 3.5-5.8 million metric tons of synthetic nitrogen fertilizer. Over 50% of the country’s nitrogen fertilizer is used for corn production. In 2022, the U.S. consumed around 14,900 thousand metric tons of nitrogen fertilizer, compared to about 6,500 for phosphate and 4,600 for potassium chloride. Nitrogen usage remains significantly higher than the other elements.
14. Which country is the largest producer of cashew nuts?
[A] India
[B] Vietnam
[C] Côte d’Ivoire
[D] Tanzania
Show Answer
Correct Answer: C [Côte d’Ivoire]
Notes:
Côte d’Ivoire produced 1,044,450 tonnes of raw cashew nuts annually by 2022. Côte d’Ivoire surpassed India and Vietnam in raw cashew production in the mid-2010s. Vietnam remains the largest exporter and processor of cashew nuts. India ranks as the second largest raw cashew producer after Côte d’Ivoire.
15. 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.
16. What is the minimum tree canopy density that an area should have in order to be considered as a forest?
[A] 30%
[B] 15%
[C] 45%
[D] 10%
Show Answer
Correct Answer: D [10%]
Notes:
The forest cover of India includes all patches of land with a tree canopy density of more than 10% and more than 1 hectare in area, irrespective of land use, ownership and species of trees.
17. What is the industrial trans fat limit for ‘Trans Fat-Free’ logo under FSSAI?
[A] 1 gram
[B] 0.2 gram
[C] 0.7 gram
[D] 3% by weight
Show Answer
Correct Answer: B [0.2 gram]
Notes:
FSSAI permits the ‘Trans Fat-Free’ logo if a food contains no more than 0.2 grams of industrial trans fat per 100 grams. The Food Safety and Standards (Advertising and Claims) Regulations, 2018 set this threshold for displaying the logo in India. The 0.2 gram limit for logo usage remains the standard policy as of 2024.
18. Which city in Tamil Nadu has the most operational SEZs as of April 2024?
[A] Chennai
[B] Coimbatore
[C] Tiruppur
[D] Madurai
Show Answer
Correct Answer: A [Chennai]
Notes:
Chennai had the highest number of operational Special Economic Zones (SEZs) in Tamil Nadu as of April 2024. Tamil Nadu had 49 operational SEZs in total, with many concentrated around the Chennai metropolitan region. The SEZ Act was implemented in 2006, facilitating rapid development of SEZs in key urban industrial centers.
19. What is India’s per capita cement consumption?
[A] 195 kg
[B] 290-340 kg
[C] 470-520 kg
[D] 1,320-1,370 kg
Show Answer
Correct Answer: B [290-340 kg]
Notes:
India’s per capita cement consumption is 290-340 kg. The global average is 470-520 kg. China’s per capita cement consumption is 1,320-1,370 kg. India remains the world’s second-largest cement consumer by total volume. The country’s cement sector is expanding annually due to infrastructure and real estate growth. Data reflects figures as of 2023-2024.
20. How many cement clusters are there in India?
[A] 3
[B] 5
[C] 7
[D] 9
Show Answer
Correct Answer: C [7]
Notes:There are 7 cement clusters in India. They produce cement and are the leading cement producing areas in the country. They are as follows:
- Satna (Madhya Pradesh),
- Chandrapur (North Andhra Pradesh and Maharashtra),
- Gulbarga (North Karnataka and East AP),
- Chanderia (South Rajasthan + Jawad & Neemuch in MP),
- Bilaspur (Chattisgarh),
- Yerraguntla (South AP),
- Nalgonda (Central AP).
They together account for close to 49% of the total installed capacity of India.
