Indian Economy : General knowledge questions and answers - Part 2

Indian Economy : General knowledge questions and answers - Part 2

1. In 2013 India is ranked _____ as the largest economy in the world by nominal GDP.

a. Eleventh
b. Tenth
c. Thirteenth
d. Twleeth

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2. Currently (2013) India is third largest by ____________

a. GDP
b. CRR
c. PPP
d. OMO

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3. India’s large service industry accounts for ____ of the country’s GDP.

a. 59.0 %
b. 59.5 %
c. 59.1 %
d. 59.2 %

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4. Which of the following is the most populous state in the country?

a. Maharashtra
b. Bihar
c. West Bengal
d. Uttar Pradesh

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5. Which one of the following is Maharatnas?

a. ONGC
b. National Mineral Development Corporation (NMDC)
c. Hindustan Aeronautics Limited (HAL)
d. Power Finance Corporation Limited (PFC)

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6. Which of the following is Navratnas?

a. Coal India Limited (CIL)
b. Bharat heavy Electricals Limited (BHEL)
c. Bharat Electronics Limited (BEL)
d. Gas Authority of India Limited (GAIL)

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7. ______________ is included in Navratnas as well as Maharatnas.

a. Steel Authority of India Limited (SAIL)
b. Bharat Petroleum Corporation Limited (BPCL)
c. Hindustan Petroleum Corporation Limited (HPCL)
d. National Aluminium Company Limited (NALCO)

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8. What does Demonetization mean?

a. Reducing value of the Indian rupee in comparison to the leading currencies in the world market
b. Amount of funds that banks have to keep with RBI
c. Amount of liquid assets that a financial institution must maintain in its reserves
d. Withdrawal of currency from circulation which is done to ambush black market

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9. Which of the following taxes are levied and collected by the centre but shared with the States?

a. Customs Duty
b. Agricultural Income
c. Corporation Tax
d. Taxes on Capital

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10. Which is example of Direct tax?

a. Capital Gain
b. Customs Duties levied on imports
c. Excise duties on production
d. Sales Tax

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11. Which is the first RSE to start its functioning in India?

a. Ahmedabad Stock Exchange (ASE)
b. Calcutta Stock Exchange (CSE)
c. National Stock Exchange (NSE)
d. Mangalore Stock Exchange (MSE)

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12. Coins are minted by ________________

a. Dewas in Madhya Pradesh
b. Naik in Maharashtra
c. Salboni in West Bengal
d. Government of India

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13. Quaternary Sector involves _______________

a. Research and development
b. Provision of services to consumers and businesses
c. Transformation of raw or intermediate materials into goods
d. Extraction and production of raw materials

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14. National Planning Committee was set up by ____________

a. Jawaharlal Nehru
b. Ardeshir Dalal
c. Subhash Chandra Bose
d. None of the above

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15. Who among the following drafted Sarvodaya Plan?

a. Shriman Narayan Aggarwal
b. M N Roy
c. Ardeshir Dalal
d. Jaiprakash Narayan

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16. At present(2013) India is second largest______________ in the world.

a. Two-wheeler manufacturer
b. Chromite producer
c. Wireless market
d. Exporter of cashew nuts

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17. Which two states account for 46% of total exports from India?

a. Gujarat and Maharashtra
b. Gujarat and Hyderabad
c. Maharashtra and Hyderabad
d. Gujarat and Madhya Pradesh

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18. Which country is the largest source in India’s total imports?

a. UAE
b. Switzerland
c. Hong Kong
d. China

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19. Which sector is the second largest provider of employment?

a. Textile
b. Agriculture
c. Banking
d. Technology

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20. Which is the third largest producer and consumer of fertilizers in the world?

a. USA
b. China
c. India
d. Germany

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