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MCQ on Indian Economy

Which of the following is the main problem in the growth of agriculture sector in Tripura ?

  • About 96 per cent of the land holdings are small and marginal
  • 60 per cent of the total geographical area is forest cover
  • Two-third of the geographical area is hilly
  • All of the above
    • Correct Option: D  [ All of the above ]

    Explanation:

GST abolishes which of the following taxes ?

  • Corporation tax
  • Service tax
  • Income tax
  • Wealth tax
    • Correct Option: B  [ Service tax ]

    Explanation:

Which of the following products of Tripura ranks Second in all India level in terms of production ?

  • Paddy
  • Bamboo
  • Natural gas
  • Natural rubber
    • Correct Option: D  [ Natural rubber ]

    Explanation:

A closed economy is an economy in which:

  • the money supply is fully controlled
  • deficit financing takes place
  • only exports take place
  • Neither exports nor imports take place.
    • Correct Option: D  [ Neither exports nor imports take place. ]

    Explanation:

Tertiary sector activities include

  • Cottage industries
  • Mining activities
  • Construction activities
  • Infrastructure services
    • Correct Option: D  [ Infrastructure services ]

    Explanation:

About Deendayal Antyodaya Yojana (DAY) which of the following is not correct ?

  • It focuses on both the rural and urban areas
  • It aims at skill development.
  • It is a State Government's scheme
  • It has replaced Ajeevika
    • Correct Option: C  [ It is a State Government's scheme ]

    Explanation:

What is hard currency?

  • A stable currency
  • Arranged in war time
  • Issued by IMF
  • Given by RBI to foreign banks
    • Correct Option: A  [ A stable currency ]

    Explanation:

In India, Special Economic Zones were established to enhance:

  • Technology Development
  • Free Trade
  • Foreign Investment
  • Employment
    • Correct Option: B  [ Free Trade ]

    Explanation:

From the following statements pertaining to the World Economic Forum (WEF), find the correct statement(s) :

(i) The WEF is a platform under the International Monetary Fund (IMF).

(ii) The WEF is an independent department of the World Bank.

(iii) The WEF is an International Organization for Public-Private Cooperation.

(iv) The WEF was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland.

Select the correct answer using the codes given below.

  • Only (1)
  • Only (ii)
  • Only (iii) and (iv)
  • Only (ii) and (iii)
    • Correct Option: C  [ Only (iii) and (iv) ]

    Explanation:

Fiscal policy is connected with:

  • exports and imports
  • issue of currency
  • public revenue and public expenditure
  • liquidity of money
    • Correct Option: C  [ public revenue and public expenditure ]

    Explanation:
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