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. Which of the following is component of capital market?
[A] Equity market
[B] Debt market
[C] Derivative market
[D] All of the above
Show Answer
Correct Answer: D [All of the above]
Notes:
There are three component of capital market are:- EQUITY MARKET, DEBT MARKET and DERIVATIVE MARKET.
12. Which one of the following is a mixed fertilizer? (UPSC Prelims 1995)
[A] CAM
[B] Urea
[C] Ammonium Sulphate
[D] NPK
Show Answer
Correct Answer: D [NPK]
Notes:
NPK fertilizer is a complex fertilizer comprised primarily of the three primary nutrients required for healthy plant growth. NPK stands for “nitrogen, phosphorus, and potassium,” the three nutrients that compose complete fertilizers. The higher the number, the more concentrated the nutrient is in the fertilizer. You may encounter these letters when reading the contents printed on bags of fertilizer.
13. Who among the following receives subsidies from the government?
[A] Sellers
[B] Buyers
[C] Manufacturers
[D] All of the above
Show Answer
Correct Answer: D [All of the above]
Notes:
Subsidy a negative tax when the government gives money to reduce the price. A seller receives a subsidy to reduce the price for consumers. A manufacturer receives a subsidy for inputs incurred by them. A buyer sometimes receives a direct subsidy on important essentials like gas.
14. Who is the author of Das Kapital?
[A] J S Mill
[B] Adam Smith
[C] Keynes
[D] Karl Marx
Show Answer
Correct Answer: D [Karl Marx]
Notes:
Das Kapital, a critique of political economy is a foundational theoretical text in materialist philosophy, economics and politics by Karl Marx . It was published in 1867.
15. Which sector mainly employs ‘pink-collar workers’?
[A] Tertiary
[B] Primary
[C] Quaternary
[D] Secondary
Show Answer
Correct Answer: A [Tertiary]
Notes:
Pink-collar workers, often in services like nursing and teaching, are primarily found in the tertiary sector, which includes service-oriented jobs. The primary sector covers agriculture, secondary involves manufacturing, and quaternary relates to knowledge and information-based activities.
16. How many nutrients information is printed on the soil health card?
[A] 12
[B] 13
[C] 11
[D] 16
Show Answer
Correct Answer: A [12]
Notes:
Soil health card is a printed report which contains the nutrient status of soil with respect to 12 nutrients: pH, Electrical Conductivity (EC), Organic Carbon (OC), Nitrogen (N), Phosphorus (P), Potassium (K), Sulphur (S), Zinc (Zn), Boron (B), Iron (Fe), Manganese (Mn), Copper (Cu) of farm holdings. It will be provided for every 3 years.
17. What is the color of the certificate issued for a breeder certificate?
[A] Red
[B] Green
[C] White
[D] Blue
Show Answer
Correct Answer: C [White ]
Notes:
A foundation seed is a progeny of breeder seed produced by recognized seed producing agencies in public and private sector, under the supervision of seed certification agencies and its quality is maintained according to prescribed field and seed standards. A white color certificate is issued
18. Which GM crop is approved for commercial cultivation in India?
[A] Bd Brinjal
[B] Bd Carrot
[C] Bd Mustard
[D] Bd Cotton
Show Answer
Correct Answer: D [Bd Cotton]
Notes:
Bd Cotton was approved for commercial cultivation in India in 2002. It is genetically modified to resist bollworm pests. By 2023, Bd Cotton accounted for over 90% of India’s cotton cultivation area. The Genetic Engineering Appraisal Committee under the Ministry of Environment, Forest and Climate Change granted the approval. No other GM food crop has been commercially approved in India.
19. What is the ideal N:P:K ratio for the soil?
[A] 3:2:1
[B] 5:2:1
[C] 8:2:1
[D] 4:2:1
Show Answer
Correct Answer: D [4:2:1]
Notes:
The ideal N(Nitrogen):P(Phosphorous):K(Potassium) ratio. for the top soil is 4:2:1
20. Which of these is not a plantation crop?
[A] Tea
[B] Rubber
[C] Coffee
[D] Wheat
Show Answer
Correct Answer: D [Wheat]
Notes:
Wheat is an annual cereal crop mainly cultivated in temperate regions. Wheat is grown in rabi season in India and harvested during March–April. Wheat requires well-drained loamy soil and a cool growing season. India is the second-largest producer of wheat globally. Wheat is not considered a plantation crop, which typically includes tea, rubber, and coffee.
