Part 1 – General Studies: Economy of India

Question | Correct Answer |
---|---|
Which state is the leading producer of coal in India? | Chhattisgarh |
What is the GDP of India in 2019-2020? | 11.5 lakh crore |
Which of the following is NOT a part of India’s informal sector? | Large-scale manufacturing |
What is the name of India’s currency? | Rupee |
What is the name of the current Prime Minister of India? | Narendra Modi |
What is the name of the economic reform in India launched in 1991? | Option 4 |
What is the main objective of the National Food Security Act, 2013? | To provide adequate food and nutrition to all citizens of India, with special focus on the vulnerable sections of society. |
Which among the following is the largest source of revenue for the Indian government? | Income Tax |
What is the position of India in the World Bank’s ‘ease of doing business’ rankings for 2019? | 77th |
What is the meaning of Gross Domestic Product? | 1 |
What is the name of the economic policy pursued by the Government of India? | 3 |
What is the name of the currency of India? | Indian Rupee |
Which of the following is not an Indian company? | Bharti Airtel |
Which one of the following statements is correct? | The service sector is the largest contributor to India’s GDP. |
Which among the following Head of the State had inaugurated the first central banking institution in India? | Rajendra Prasad |
What is the name of the first indigenously built aircraft carrier of India? | INS Vikrant |
Which one of the following is not included in the service sector of the economy of India? | Construction |
What is the name of the current Prime Minister of India? | 1 |
What is the name of the current Prime Minister of India? | Narendra Modi |
In India, the Impoverished people are identified by which of the following? | Both (A) and (B) |
Choose the correct answer
Question 1: Which state is the leading producer of coal in India?
Option 1: Chhattisgarh
Option 2: Jharkhand
Option 3: Odisha
Option 4: Madhya Pradesh
Correct Answer: Chhattisgarh
Question 2: What is the GDP of India in 2019-2020?
Option 1: 5.3 lakh crore
Option 2: 9.3 lakh crore
Option 3: 11.5 lakh crore
Option 4: 13.5 lakh crore
Correct Answer: 11.5 lakh crore
Question 3: Which of the following is NOT a part of India’s informal sector?
Option 1: Household work
Option 2: Auto-rickshaw driving
Option 3: Small-scale manufacturing
Option 4: Large-scale manufacturing
Correct Answer: Large-scale manufacturing
Question 4: What is the name of India’s currency?
Option 1: Rupee
Option 2: Dollar
Option 3: Pound
Option 4: Euro
Correct Answer: Rupee
Question 5: What is the name of the current Prime Minister of India?
Option 1: Rajnath Singh
Option 2: Narendra Modi
Option 3: Amit Shah
Option 4: Sonia Gandhi
Correct Answer: Narendra Modi
Question 6: What is the name of the economic reform in India launched in 1991?
Option 1: Neoclassical Synthesis
Option 2: Green Revolution
Option 3: New Economic Policy
Option 4: Liberalization, Privatization and Globalization
Correct Answer: Option 4
Question 7: What is the main objective of the National Food Security Act, 2013?
Option 1: To provide adequate food and nutrition to all citizens of India, with special focus on the vulnerable sections of society.
Option 2: To provide food to the citizens of India at cheaper rates.
Option 3: To reduce food insecurity and hunger in India.
Option 4: To increase agricultural productivity in India.
Correct Answer: To provide adequate food and nutrition to all citizens of India, with special focus on the vulnerable sections of society.
Question 8: Which among the following is the largest source of revenue for the Indian government?
Option 1: Income Tax
Option 2: Corporate Tax
Option 3: Customs Duty
Option 4: Value Added Tax
Correct Answer: Income Tax
Question 9: What is the position of India in the World Bank’s ‘ease of doing business’ rankings for 2019?
Option 1: 77th
Option 2: 103rd
Option 3: 142nd
Option 4: 63rd
Correct Answer: 77th
Question 10: What is the meaning of Gross Domestic Product?
Option 1: The value of all final goods and services produced within a country in a given period of time
Option 2: The value of all final goods and services produced within a country in a given period of time, plus the value of any taxes and imports
Option 3: The value of all final goods and services produced within a country in a given period of time, minus the value of any taxes and imports
Option 4: None of the above
Correct Answer: 1
Question 11: What is the name of the economic policy pursued by the Government of India?
Option 1: Monetarism
Option 2: Fiscal Policy
Option 3: Economic Liberalization
Option 4: None of the above
Correct Answer: 3
Question 12: What is the name of the currency of India?
Option 1: Indian Dollar
Option 2: Indian Rupiah
Option 3: Indian Rupee
Option 4: Indian Peso
Correct Answer: Indian Rupee
Question 13: Which of the following is not an Indian company?
Option 1: Tata Group
Option 2: Reliance Industries
Option 3: Aditya Birla Group
Option 4: Bharti Airtel
Correct Answer: Bharti Airtel
Question 14: Which one of the following statements is correct?
Option 1: The service sector is the largest contributor to India’s GDP.
Option 2: The secondary sector is the largest contributor to India’s GDP.
Option 3: The primary sector is the largest contributor to India’s GDP.
Option 4: The tertiary sector is the largest contributor to India’s GDP.
Correct Answer: The service sector is the largest contributor to India’s GDP.
Question 15: Which among the following Head of the State had inaugurated the first central banking institution in India?
Option 1: Louis Mountbatten
Option 2: Rajendra Prasad
Option 3: Lord Dalhousie
Option 4: None of the above
Correct Answer: Rajendra Prasad
Question 16: What is the name of the first indigenously built aircraft carrier of India?
Option 1: Vikramaditya
Option 2: Viraat
Option 3: INS Vikrant
Option 4: INS Arihant
Correct Answer: INS Vikrant
Question 17: Which one of the following is not included in the service sector of the economy of India?
Option 1: Transportation
Option 2: Trade
Option 3: Hotels and restaurants
Option 4: Construction
Correct Answer: Construction
Question 18: What is the name of the current Prime Minister of India?
Option 1: Narendra Modi
Option 2: Rahul Gandhi
Option 3: Sonia Gandhi
Option 4: Manmohan Singh
Correct Answer: 1
Question 19: What is the name of the current Prime Minister of India?
Option 1: Narendra Modi
Option 2: Rahul Gandhi
Option 3: Manmohan Singh
Option 4: Sonia Gandhi
Correct Answer: Narendra Modi
Question 20: In India, the Impoverished people are identified by which of the following?
Option 1: Census
Option 2: National Sample Survey
Option 3: Both (A) and (B)
Option 4: None of the above
Correct Answer: Both (A) and (B)
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