Part 1 – General Studies: Economy of India

Question | Correct Answer |
---|---|
What is the primary sector of the Indian economy predominantly associated with? | Agriculture |
Which Five-Year Plan in India was known for its focus on self-reliance? | Third Plan |
What does the term ‘GDP’ stand for in the context of the Indian economy? | Gross Domestic Product |
Which sector is the largest employer in India? | Agriculture |
What is the regulatory body for the stock market in India? | SEBI |
Which industry is often referred to as the backbone of the Indian economy? | Agricultural Industry |
What does NITI Aayog stand for? | National Institution for Transforming India |
In which year was the Goods and Services Tax (GST) implemented in India? | 2017 |
What is the main focus of the Make in India initiative? | Increasing FDI |
Which Indian state is the largest producer of cotton? | Gujarat |
What is the primary objective of the Reserve Bank of India’s monetary policy? | Control inflation |
Which scheme was launched by the Government of India to promote financial inclusion? | Jan Dhan Yojana |
What is India’s ranking in the Ease of Doing Business Index 2020? | 63rd |
Which Indian city is known as the Silicon Valley of India? | Bangalore |
What is the main agricultural export of India? | Tea |
Who is known as the ‘Father of the Green Revolution’ in India? | M. S. Swaminathan |
What is the primary purpose of the Pradhan Mantri Mudra Yojana? | Providing loans to small businesses |
Which Indian state leads in the production of bananas? | Tamil Nadu |
What is the main component of the National Food Security Act in India? | Subsidized food grains |
Which river valley is most associated with India’s Green Revolution? | Ganga |
Choose the correct answer
Question 1: What is the primary sector of the Indian economy predominantly associated with?
Option 1: Manufacturing
Option 2: Services
Option 3: Agriculture
Option 4: IT Industry
Correct Answer: Agriculture
Question 2: Which Five-Year Plan in India was known for its focus on self-reliance?
Option 1: First Plan
Option 2: Third Plan
Option 3: Fifth Plan
Option 4: Sixth Plan
Correct Answer: Third Plan
Question 3: What does the term ‘GDP’ stand for in the context of the Indian economy?
Option 1: Gross Domestic Product
Option 2: General Domestic Product
Option 3: Gross Domestic Policy
Option 4: General Domestic Policy
Correct Answer: Gross Domestic Product
Question 4: Which sector is the largest employer in India?
Option 1: Agriculture
Option 2: Manufacturing
Option 3: Services
Option 4: Construction
Correct Answer: Agriculture
Question 5: What is the regulatory body for the stock market in India?
Option 1: RBI
Option 2: SEBI
Option 3: IRDA
Option 4: PFRDA
Correct Answer: SEBI
Question 6: Which industry is often referred to as the backbone of the Indian economy?
Option 1: Textile Industry
Option 2: IT Industry
Option 3: Agricultural Industry
Option 4: Pharmaceutical Industry
Correct Answer: Agricultural Industry
Question 7: What does NITI Aayog stand for?
Option 1: National Institution for Transforming India
Option 2: National Institute of Technical Innovations
Option 3: National Integration and Technical Institute
Option 4: National Information Technology Institute
Correct Answer: National Institution for Transforming India
Question 8: In which year was the Goods and Services Tax (GST) implemented in India?
Option 1: 2015
Option 2: 2016
Option 3: 2017
Option 4: 2018
Correct Answer: 2017
Question 9: What is the main focus of the Make in India initiative?
Option 1: Import substitution
Option 2: Export promotion
Option 3: Increasing FDI
Option 4: Reducing unemployment
Correct Answer: Increasing FDI
Question 10: Which Indian state is the largest producer of cotton?
Option 1: Gujarat
Option 2: Maharashtra
Option 3: Punjab
Option 4: West Bengal
Correct Answer: Gujarat
Question 11: What is the primary objective of the Reserve Bank of India’s monetary policy?
Option 1: Promote exports
Option 2: Control inflation
Option 3: Increase foreign investment
Option 4: Reduce fiscal deficit
Correct Answer: Control inflation
Question 12: Which scheme was launched by the Government of India to promote financial inclusion?
Option 1: Jan Dhan Yojana
Option 2: Aadhar Project
Option 3: Digital India
Option 4: Make in India
Correct Answer: Jan Dhan Yojana
Question 13: What is India’s ranking in the Ease of Doing Business Index 2020?
Option 1: 63rd
Option 2: 77th
Option 3: 100th
Option 4: 130th
Correct Answer: 63rd
Question 14: Which Indian city is known as the Silicon Valley of India?
Option 1: Mumbai
Option 2: Hyderabad
Option 3: Bangalore
Option 4: Chennai
Correct Answer: Bangalore
Question 15: What is the main agricultural export of India?
Option 1: Rice
Option 2: Tea
Option 3: Spices
Option 4: Cotton
Correct Answer: Tea
Question 16: Who is known as the ‘Father of the Green Revolution’ in India?
Option 1: M. S. Swaminathan
Option 2: C. Rangarajan
Option 3: Amartya Sen
Option 4: Verghese Kurien
Correct Answer: M. S. Swaminathan
Question 17: What is the primary purpose of the Pradhan Mantri Mudra Yojana?
Option 1: Providing affordable housing
Option 2: Promoting women’s education
Option 3: Providing loans to small businesses
Option 4: Encouraging digital transactions
Correct Answer: Providing loans to small businesses
Question 18: Which Indian state leads in the production of bananas?
Option 1: Kerala
Option 2: Uttar Pradesh
Option 3: Tamil Nadu
Option 4: Gujarat
Correct Answer: Tamil Nadu
Question 19: What is the main component of the National Food Security Act in India?
Option 1: Subsidized fuel
Option 2: Free education
Option 3: Subsidized food grains
Option 4: Health insurance
Correct Answer: Subsidized food grains
Question 20: Which river valley is most associated with India’s Green Revolution?
Option 1: Ganga
Option 2: Godavari
Option 3: Krishna
Option 4: Indus
Correct Answer: Ganga
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