Industries, Infrastructure and Foreign Trade Set 1

Bachelor of Business Administration (BBA),

Bachelor of Arts (BA),

Bachelor of Arts in Economics (BA Economics),

Union Public Service Commission (UPSC)

Practice Mode Previous Next
On This Page

This set of Indian Economy Multiple Choice Questions & Answers (MCQs) focuses on Industries, Infrastructure and Foreign Trade Set 1

Q1 | Which Agriculture export item is second in case of India?
  • Marine product
  • Rice
  • Sugar
  • Oil cake
Answer: Rice
Q2 | The performance of which of the following industries is considered performance of thecore industry? [RBI Grade B Officer 2011]
  • Garments
  • Leather
  • IT
  • Oil and Petroleum
Answer: Oil and Petroleum
Q3 | Which of the following agencies has the power to declare any industrial unit as apotentially sick unit? [CDS 2000]
  • BIFR
  • MRTPC
  • FICCI
  • IRBI
Answer: BIFR
Q4 | The most important small-scale industry in India is that of:
  • textiles
  • jute
  • jewellery
  • handloom
Answer: handloom
Q5 | UTI has been divided into two parts UTI-I and UTI-II. Which part has been kept underthe control of the government?
  • UTI-I
  • UTI-II
  • Both the above
  • None of the above
Answer: UTI-I
Q6 | Which part of separated UTI is under SEBl's regulation?
  • UTI-I
  • UTI-II
  • Both the above
  • None of the above
Answer: UTI-II
Q7 | Which of the following is not sponsor of newly established UTI-II?
  • Punjab National Bank
  • General Insurance Corporation
  • Life Insurance Corporation of India
  • State Bank of India
Answer: General Insurance Corporation
Q8 | The largest importer country of Indian textile is :
  • Italy
  • Germany
  • Singapore
  • USA
Answer: USA
Q9 | Indian Railways revenue from:
  • passenger fare
  • freight
  • traffic tax
  • passenger tax
Answer: freight
Q10 | Which industry earns the second highest, net foreign exchange from the trade?
  • Gems and ornaments
  • Textile industry
  • Steel industry
  • Engineering goods industry
Answer: Engineering goods industry
Q11 | Which of the following measures is not likely to help in improving India's balance ofpayments position?
  • Devaluation of the rupee
  • Encouragement of import substitution
  • Imposition of higher duty on imports
  • Imposition of higher duty on exports
Answer: Imposition of higher duty on exports
Q12 | In India, maximum number of workers are employed in :
  • textile industry
  • iron and steel industry
  • petrochemical industry
  • automobile industry
Answer: textile industry
Q13 | After textiles, India's second important industry is :
  • Sugar
  • Jute
  • Cement
  • Iron and steel
Answer: Iron and steel
Q14 | India's oldest iron and steel plant is : [Intelligence Bureau 1991]
  • TISCO at Jamshedpur
  • TISCO at Burnpur
  • Durgapur Iron and Steel Plant
  • Rourkela Iron and Steel Plant
Answer: TISCO at Jamshedpur
Q15 | Which industry in India was worst affected because of the partition? [PCS 1994]
  • Paper and Iron
  • Jute and Cotton
  • Cotton and Sugar
  • Engineering and Cement
Answer: Jute and Cotton
Q16 | Which of the following industries was started first in India?
  • Cotton
  • Paper
  • Tea
  • Jute
Answer: Tea
Q17 | Which of the following states ranks first in terms of the maximum number of agrobased industries? [Bank PO 1993]
  • Gujarat
  • Punjab
  • West Bengal
  • Kerala
Answer: Punjab
Q18 | In which of the following industries is the maximum number of women employed inIndia? [CDS 1993]
  • Textile
  • Jute
  • Tea
  • Coal
Answer: Tea
Q19 | Which of the following is the largest (in terms of' turnover) Public Sector organisationin India?
  • Bharat Petroleum
  • Steel Authority of India
  • Indian Oil Corporation
  • Oil and Natural Gas Commission
Answer: Indian Oil Corporation
Q20 | Under perfect competition: [GIC AAO 1993]
  • any firm can influence price in the market
  • any firm can influence supply in the market
  • any firm can influence price and supply in the market
  • no firm can influence price and supply in the market
Answer: any firm can influence price and supply in the market
Q21 | India earns maximum foreign exchange from the export of:
  • garments
  • jute
  • gems and jewellery
  • cotton
Answer: gems and jewellery
Q22 | Bokaro Steel Limited was established with the assistance of: [Asstt Comm 2008]
  • Germany
  • Soviet Union
  • UK
  • USA
Answer: Soviet Union
Q23 | As per the reports published in the newspapers the banks, particularly public sector banks are tying up with various rating agencies for providing a qualitative assessment of the credit needs of the borrowers. Which amongst the following is/are such credit rating agencies in India? [Punjab & Sindh Bank 2011] (A) CARE (B) CRISIL (C) ULlP
  • Only A
  • Only B
  • A and B only
  • Only C
Answer: A and B only
Q24 | Consider the following statements: [NDA 2003] 1. The first newsprint plant set up in India was at Nepanagar. 2. The first modern steel plant in India was set up at Bhadrawati. Which of these statements is/are correct?
  • 1 only
  • 2 only
  • Both 1 and 2
  • Neither 1 nor 2
Answer: 1 only
Q25 | Identify the correct sequence of the establishment of steel plants in India from the earliest to the latest: [NDA 2002]
  • Bokaro, Jamshedpur, Vishakhapatnam, Bhilai
  • Jamshedpur, Bhilai, Bokaro, Vishakhapatnam
  • Bhilai, Jamshedpur, Vishakhapatnam, Bokaro
  • Jamshedpur, Vishakhapatnam
Answer: Jamshedpur, Bhilai, Bokaro, Vishakhapatnam
Previous Next