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This set of Indian Economy Multiple Choice Questions & Answers (MCQs) focuses on Natural Resources and Other Facts of Indian Economy Set 1

Q1 | GDR means:
  • 'gross domestic ratio' which is a macro aggregate
  • 'global depository receipt' which is the mechanism to raise funds from international market
  • 'global development range' which has been set up by UNO for developing countries
  • 'geographically developed regions' as defined by the UNDP
Q2 | The Green Revolution has led to : 1. spurt in all foodgrains production 2. increase in regional inequalities 3. reduction in inter-personal inequalities within a region 4. good production in wheat
  • 1 and 3
  • 1, 2 and 3
  • 2, 3 and 4
  • 2 and 4
Q3 | The success of the Green Revolution does not require:
  • adequate irrigation facilities
  • availability of high yielding seeds
  • pesticides and chemical fertilizers
  • large scale mechanization
Q4 | NAFED is concerned with: 1. promotion of inter-state and export trade of farm produce 2. import of foodgrains for buffer stocking and public distribution 3. marketing of eggs and poultry' at national level 4. movement of consumer goods from surplus areas to scarcity areas
  • 1 and 2
  • 1, 2 and 3
  • 3 and 4
  • 1, 3 and 4
Q5 | The 'Year of Great Divide' refers to:
  • rapid growth rate in population after 1921
  • the declining sex ratio after 1921
  • the slow-down in death rate after 1921
  • all the above
Q6 | The increase in agricultural production is due to: 1. increase in area under crops 2. improvement in yield 3. improvement in cropping pattern 4. effective implementation of land reforms
  • 1 and 3
  • 1 and
  • 1, 2 and 3
  • 1, 2, 3 and 4
Q7 | In India the co-operative movement was initiated in the sector of :
  • farming
  • consumer goods production
  • agricultural credit
  • marketing of agricultural products
Q8 | The ideal average NPK ratio aggregated for the country as a whole is :
  • 4 : 2 : 1
  • 2 : 4 : 1
  • 4 : 1 : 2
  • 4 : 3 : 2
Q9 | Which neighbouring country has objections on Indian Baglihar Hydro-electric Project?
  • Nepal
  • Bhutan
  • Bangladesh
  • Pakistan
Q10 | Oil Pool Deficit is a deficit: 1. in the balance of payments 2. that the government owes to the world bank 3. in the oil pool account 4. that the government owes to the oil companies Choose your answer from:
  • 1 and 3
  • 2 and 3
  • 3 and 4
  • 2 and 4
Q11 | Who among the following have been the Union Finance Ministers of India? 1. V. P. Singh 2. R. Venkataraman 3. Y. B. Chavan 4. Pranab Mukherjee Select the correct answer using the code given below: [IAS 2007]
  • 1, 2 and 3 only
  • 1, 3 and 4 only
  • 2 and 4 only
  • 1, 2, 3 and 4
Q12 | Which one of the following is the correct sequence in the decreasing order of production (in million tonnes) of the given foodgrains in India? [IAS 2007]
  • Wheat - Rice Pulses Coarse cereals
  • Rice – Wheat cereals
  • Wheat - Rice - Coarse cereals Pulses
  • Rice - Wheat - Coarse cereals Pulses
Q13 | Consider the following statements: 1. Appellate Tribunal for Electricity has been established by each State Government in India. 2. One of the components of the Accelerated Power Development and Reforms Programme (APDRP) is upgradation of sub-transmission and distribution system for electricity in India. Which of the statements given above is/are correct? [IAS 2006]
  • 1 only
  • 2 only
  • Both 1 and 2
  • Neither 1 nor 2
Q14 | In which one of the following countries, the rate of Income Tax is highest? [Punjab & Sindh Bank 2011]
  • US
  • China
  • Japan
  • UK
Q15 | Which of the following is NOT a programme / agency of the Union Ministry of Finance? [Punjab & Sindh Bank 2011]
  • Investor Education and Protection Fund (IEPF)
  • National Foundation for Corporate Governance (NFCG)
  • Serious Frauds Investigation Office (SFIO)
  • Investment Commission
Q16 | Labour legislations in India have an important dimension of protection of women from exploitation. Some special provisions are made for women in the work place. Which of the following is NOT one such special provision? [Punjab & Sindh Bank 2011]
  • Equal pay for work of equal value
  • Maternity protection
  • Creche facility at the work place for infants
  • No night shifts
Q17 | Many a times we read about the priority sector in newspapers. Which of the following is/are considered segment(s) of Priority Sector in India? [Punjab & Sindh Bank 2011] (A) Agriculture (B) Small Scale Industry (C) Textile Industry
  • Only A
  • Only B
  • Only C
  • All A, B & C
Q18 | Ever greening of patents is done by [CDS 2011]
  • citing another use of the same product
  • citing another process of forming the same product
  • applying for extension of patent term
  • citing another product with same use
Q19 | In which one of the following activities percentage share of cooperative sector is the highest? [Corporation Bank PO 2011]
  • Agricultural Credit disbursement
  • Sugar production
  • Wheat procurement
  • Fertilizer distribution
Q20 | In India, which of the following is regulated by the Forward Markets Commission? [IAS 2010]
  • Currency Futures Trading
  • Commodities Futures Trading
  • Equity Futures Trading
  • Both Commodities Futures and Financial Futures Trading
Q21 | Which of the following is/are commodity/ies on which subsidy is given to farmers/poor inIndia? [SBI Ass PO 2011] (A) Fertilizer (B) Kerosene (C) LPG
  • Only A
  • Only B
  • Only C
  • Only A & B
Q22 | A person returning from abroad can retain foreign currency up to what period? [Haryana Gr Bank PO 2011]
  • 60 days
  • 30 days
  • 90 days
  • 180 days
Q23 | Which one of the following is different from the others from the point of view of ownership? [UP PCS 2011]
  • LIC Policy
  • Bank Fixed Deposit
  • Kisan Vikas Patra
  • Debenture of a Company
Q24 | The main source of fund for the National Highway Authority of India is [UP PCS 2011]
  • Cess
  • Foreign assistance
  • Market borrowings
  • Budgetary support Government of Union
Q25 | More than one-third of the crude steel production of the world comes from [UP PCS 2011]
  • China
  • Japan
  • Russia
  • U.S.A.