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 type of remittances, money is transferred from one country to another?
[A] Foreign Remittance
[B] Digital Remittance
[C] Blockchain Remittance
[D] None of the above
Show Answer
Correct Answer: A [Foreign Remittance]
Notes:
In banking terminology, remittance means transfer of fund one place to another. When money transferred from one country to another, this is called Foreign Remittance.
12. The share of village and small-scale industries in the total output of the manufacturing sector is nearly how much?
[A] 40%
[B] 35%
[C] 25%
[D] 15%
Show Answer
Correct Answer: A [40%]
Notes:
As per the published Report of the Development Commissioner, Small Scale Industries (DCSSI), the sector encompasses about 32 lakh units, during 1998-99 which produce over 7500 different items for domestic as well as foreign markets, contributing to about 40per cent of the value added to the manufacturing sector.
13. ‘Terms of trade’ between agriculture and industry has reference to?
[A] Relative price movements between the two sectors
[B] Relative quantities of production in the two sectors
[C] The extent of trade existent between the two sectors
[D] Relative international valuation of the agricultural produce in contrast to the industrial produce
Show Answer
Correct Answer: D [Relative international valuation of the agricultural produce in contrast to the industrial produce]
Notes:
Terms of trade between agriculture and industry can be thought of as the ratio of prices of agricultural products to that of prices of industrial products. This is analogous to International Terms of Trade that are given by the formula: (Price of exports)/ (price of imports).
14. Which of the following constitute the World Bank?
I. International Bank for Reconstruction and Development
II. International Finance Corporation
III. International Development Association
IV. International Monetary Fund.
Choose the correct answer from the codes given below :
Codes :
[A] I, II and III
[B] I and II
[C] III and IV
[D] I, II, III and IV
Show Answer
Correct Answer: A [I, II and III]
Notes:
The World Bank Group consists of five organizations:
The International Bank for Reconstruction and Development
The International Development Association
The International Finance Corporation
The Multilateral Investment Guarantee Agency
The International Centre for Settlement of Investment Disputes
15. Which sector comprises of the activities like exploitation of natural resources?
[A] Secondary
[B] Tertiary
[C] Primary
[D] Unorganised
Show Answer
Correct Answer: C [Primary]
Notes:
The exploitation of natural resources is part of the primary sector. The primary sector includes activities that are directly dependent on nature.
16. Who is the father of the White Revolution in India?
[A] M.S.Swaminathan
[B] Verghese Kurien
[C] R.S.Sodhi
[D] Sam Pitroda
Show Answer
Correct Answer: B [Verghese Kurien]
Notes:
Verghese Kurien is known as the ‘Father of the White Revolution’ in India, was a social entrepreneur whose “billion-liter idea”, Operation Flood, the world’s largest agricultural dairy development program which made India Self sufficient in Dairy products.
17. 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.
18. Which among the following is correct regarding Mariculture?
[A] Cultivation of marine organisms in open sea
[B] Cultivation of marine organisms in enclosed section of ocean
[C] Cultivation of marine organisms in open rivers
[D] Cultivation of marine organisms in open ponds
Show Answer
Correct Answer: B [Cultivation of marine organisms in enclosed section of ocean]
Notes:
Mariculture is a specialized branch of aquaculture involving the cultivation of marine organisms for food and other products in the open ocean, an enclosed section of the ocean, or in tanks, ponds or raceways which are filled with seawater.
19. Which state has the largest area of wetlands in India?
[A] Maharshtra
[B] Gujarat
[C] West Bengal
[D] Andhra Pradesh
Show Answer
Correct Answer: B [Gujarat]
Notes:
In India, the total wetlands is 8.13%. Amongst the States, Gujarat has the largest area of wetlands within-country followed by West Bengal.
20. Which of the following is correct regarding eNAM?
[A] eNAM is a fertilizer distribution app
[B] eNAM is a direct benefit transfer scheme for farmers
[C] eNAM is an electronic trading portal for farmers
[D] None of the above
Show Answer
Correct Answer: C [eNAM is an electronic trading portal for farmers]
Notes:
National Agriculture Market (eNAM) is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.
