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. These questions are part of GKToday’s 35000+ MCQs Bank Course in GKToday Android App
21. What is re-harvesting known as?
[A] Ratooning
[B] Solid Planting
[C] Mulching
[D] None of the above
Show Answer
Correct Answer: A [Ratooning]
Notes:
Ratoon cropping is growing a fresh crop from the stubbles or suckers of the plant crop without replanting. It is also referred to as stubble cropping, re-harvesting. Sugarcane is cultivated by this method.
22. Which among the following type of coffee is grown in India?
1. Arabica
2. Robusta
3. Charrieriana
Choose the correct option from the choices given below:
[A] 1,2 and 3
[B] 1 and 3 only
[C] 1 and 2 only
[D] 2 only
Show Answer
Correct Answer: C [1 and 2 only]
Notes:
Arabica and Robusta are 2 varieties of coffee. Arabica accounts for 49% and robusta 51% of production.
23. Which of the following state is the largest producer of jute in India?
[A] Bihar
[B] Uttar Pradesh
[C] West Bengal
[D] Punjab
Show Answer
Correct Answer: C [West Bengal]
Notes:
West Bengal is the largest producer of jute in India. Bihar ranks second.
24. Which state has the highest number of buffalos in India?
[A] Madhya Pradesh
[B] Uttar Pradesh
[C] punjab
[D] Tamil Nadu
Show Answer
Correct Answer: B [Uttar Pradesh]
Notes:
As of 2019, Uttar Pradesh had the highest buffalo population in India, with around 33 million. Rajasthan came in second, followed by Gujarat. In total, India had 109.85 million buffaloes in 2019, which was an increase of 1.1% from the previous census in 2012. The female buffalo population increased by 8.61%, while the male buffalo population decreased by 42.35%. Buffaloes make up about 20.5% of India’s total livestock.
25. Which institution manages the price stabilization fund?
[A] Central government
[B] State government
[C] NABARD
[D] SFAC
Show Answer
Correct Answer: A [Central government]
Notes:
The Price stabilization fund is managed by the central government. It is managed by a Price Stabilization Fund Management Committee (PSFMC) which will approve all proposals from State Governments and Central Agencies.
26. Which among the following is not used to make Portland Cement (PC)?
[A] Calcareous Rocks
[B] Sand
[C] Argillaceous Rocks
[D] Argillocalcareous Rocks
Show Answer
Correct Answer: B [Sand]
Notes:
Sand is mixed with Cement to make concrete instead of making cement. Materials that we get from these 3 rocks are useful to make portland cement.
27. What is the share of household and personal care products sale in total FMCG sales?
[A] 30%
[B] 50%
[C] 35%
[D] 61%
Show Answer
Correct Answer: B [50%]
Notes:
In India the share of household and personal care products sale in total FMCG sales is 50%. The bevarges account for 18-20 % and healthcare for 31-32%.
28. What is the share of Indian capital goods in world exports?
[A] 2%
[B] 0.8%
[C] 3%
[D] 5%
Show Answer
Correct Answer: B [0.8%]
Notes:
The share of the Indian capital goods industry in the world exports is 0.8%. Indian capital goods industry. The capital goods exports are about 27% of total manufactured in India.
29. What is the interest subsidy provided on housing loans under PM Awas Yojna?
[A] 6.5%
[B] 4.5%
[C] 3.5%
[D] 5%
Show Answer
Correct Answer: A [6.5%]
Notes:
The government of India is providing an interest subsidy of 6.5% on housing loans which can be availed by beneficiaries under PM Awas Yojan – Urban for 15 years from start of loan date.
30. Which industry is known as “Child of protection”?
[A] Textile Industry
[B] Sugar Industry
[C] Cotton Industry
[D] Paper Industry
Show Answer
Correct Answer: B [Sugar Industry]
Notes:
During 1930’s Sugar Industry was given protection. So traditionally sugar industry was called “Child of protection”. It was very important for the development of the country.
