Quiz on “UPSC MCQ On Indian Economy – 6” giving you an idea about questions asked on Indian Economy in competitive exams.
Among the Union Territories which has the highest literacy rate?
A. Andaman
B. Nicobar
C. Delhi
D. Lakshwadeep
Lakshadweep
Lakshadweep is a tropical archipelago of 36 atolls and coral reefs in the Laccadive Sea, off the coast of Kerala, India. Not all of the islands are inhabited, and only a few are open to visitors (permits required).
Que (127):
A crossed cheque is one, which can be encashed only at which bank?
A. State Bank of India
B. Central Bank of India
C. Reserve Bank of India
D. none of these
State Bank of India
A crossed check can be paid only through a bank ,through payees account only . U can not withdraw cash directly using a crossed check >It is safe ,as only payee gets money .
Que (128):
What do Quantitative credit controls not include?
A. Margin credits
B. Credit rationing
C. Consumer credit
D. RBI directives
RBI directives
nan
Que (129):
Which is the largest (in terms of turnover) Public Sector organisation in India?
A. Steel Authority of India
B. Bharat Heavy Electricals
C. Indian Oil Corporation
D. ONGC
Indian Oil Corporation
Public sector unit Indian Oil Corporation (IOC) is the country’s largest company in terms of revenue followed by Reliance Industries Limited (RIL) and Bharat Petroleum in the second and third position
Que (130):
Which Agriculture export item is second in case of India?
A. Rice
B. Jowar
C. Bajra
D. Wheat
Rice
nan
Que (131):
In India, in which banking is the Public Sector is most dominant?
A. Central banks
B. Retail banks
C. Commercial banks
D. Shadow banks
Commercial banking
Examples of commercial banks – ICICI Bank, State Bank of India, Axis Bank, and HDFC Bank.
Que (132):
Which is the oldest Development Financial Institution of India?
A. ADFB
B. ADB
C. EIB
D. IFCI
IFCI
In India, the first DFI was operationalised in 1948 with the setting up of the Industrial Finance Corporation (IFCI). After the passage of state Financial corporations (SFcs) Act, 1951, state level small and medium-sized financial corporations were established.
Que (133):
The Centre-State financial distribution takes place on the recommendation by which ministry?
A. Government
B. Chieft minister
C. Finance minister
D. Developmental minister
Finance Minister
nan
Que (134):
When was EXIM Bank set-up?
A. 1982
B. 1988
C. 1980
D. 1988
1982
nan
Que (135):
During which five year plan were the steel plants at Durgapur, Bhilai and Rourkela established ?
A. Second Five Year Plan
B. First Five Year Plan
C. Second four Year Plan
D. Second second Year Plan
Second Five Year Plan
As per the Industrial Policy Resolution of 1956, Public Sector Steel Plants were established at Rourkela in Odisha, Bhilai in MP and Durgapur in West Bengal. The investment in the public sector was Rs. 870 crores.
Que (136):
During which Five Year Plan was the total expenditure on agriculture the highest?
A. Fourth Five Year Plan
B. First Five Year Plan
C. Ninth Five Year Plan
D. tenth Five Year Plan
Fourth Five Year Plan
nan
Que (137):
Which provides the largest part of the demand for loanable funds in India?
A. Merchandising Business
B. Service Business
C. Hybrid Business
D. Partnership
Hybrid Business
The term “hybrid business” may refer to an enterprise which does not only make use of traditional methods of distribution, but also makes use of internet technology in order to easily expand its market and make the product or service more accessible.
Que (138):
Who are Debenture holders of a company?
A. Its debitors
B. Its creditors
C. Its investors
D. none of these
Its creditors
Shares are the parts of share capital. On the other hand, debenture-holders are the subscribers to debentures. Debentures are part of loan. A shareholder or member is the joint owner of a company
Que (139):
In which industry is the maximum number of women employed in India?
A. Tea
B. Coffee
C. Garment
D. Sugarcane
Tea
nan
Que (140):
The performance of which industry is considered performance of the core industry?
A. Oil and Petroleum
B. Minerals
C. Gold
D. Silver
Oil and Petroleum
Eight Core Industries are Electricity , steel, refinery products, crude oil, coal, cement, natural gas and fertilizers. The Index of Eight Core Industries is a monthly production index, which is also considered as a lead indicator of the monthly industrial performance.
Que (141):
By whom was the decentralisation system recommended?
A. Benoy Kumar Sarkar
B. Jyotirama Sharma
C. Mihir Sharma
D. Anitya Inder Singh
Balwant Rai Mehta
Decentralization involves moving decision making away from the current system and it was Balwant Rai who forst recommened this
Que (142):
Among sources of power, India has largest reserves of which thing?
A. Coal
B. Electricity
C. Bronze
D. Zinc
Electricity
India is the world’s third largest producer and third largest consumer of electricity. The national electric grid in India has an installed capacity of 368.79 GW as of 31 December 2019.
Que (143):
Through which methods is the national income of India estimated mainly?
A. Production and income methods
B. Taxes and Production
C. Taxes and income
D. National income and state income
Production and income methods
There are various methods for calculating the national income such as production method, income method, expenditure method etc.
Que (144):
Which Committee’s recommendations are being followed for estimating Poverty Line in India?
A. Lakdawala Committee
B. Naresh Chandra Committee
C. Chakravarti Committee
D. Rekhi Committee
Lakdawala Committee
nan
Que (145):
Which is the ‘Slack Season’ in the Indian Economy?
A. Jan-Sept
B. Aug-Dec
C. Jan-June
D. Jan-July
Jan-June
nan
Que (146):
Stock Exchanges play a role in an economy how may it be termed?
A. Useful but need strict regulation
B. Strict but need useful regulation
C. Useful but need careless regulation
D. careless but need strict regulation
Useful but need strict regulation
nan
Que (147):
In which year were Private Sector Mutual Funds in India permitted?
A. 1998
B. 1992
C. 1993
D. 1996
1993
nan
Que (148):
Which industry earns the second highest net foreign exchange from the trade?
A. Engineering goods industry
B. Textiles industry
C. Software industry
D. Food industry
Engineering goods industry
nan
Que (149):
From which export does India earns maximum foreign exchange?
A. nan
B. nan
C. nan
D. nan
Gems and jewellery
nan
Que (150):
Which is the oldest atomic power station?
A. Nashik
B. Kerla
C. Tarapur
D. Pune
Tarapur
nan
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