This section consists of 15 basic general knowledge questions on indian economy.
1. In which among the following years, a new " Liberalized Industrial Policy " in India was announced for the first time?
[A]1986
[B]1991
[C]1992
[D]1993
2. In which among the following years, the MRTP act became effective?
[A]1970
[B]1972
[C]1975
[D]1978
3. In the Industrial Policy of 1991, how many industries were reserved only for Public Sector?
[A]7
[B]8
[C]11
[D]13
4. In an oligopolistic or monopolistically competitive market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept ?
[A]Supracompetitive pricing
[B]Swing Demand
[C]Kinked Demand
[D]Imperfect competition
5. In context with the two way trade of India with different regions, which among the following region is India's largest trade partner?
[A]EU Region
[B]Gulf Region
[C]North America
[D]Latin America
6. Consider the following statements in context with the Free Market Economy:
1. The role of market forces and competition is eliminated by law
2. There is a high degree of competition in both commodity and factor markets
3. Private gains are the main motivating and guiding force for carrying out economic activities
Which among the above is/ are correct statements?
[A]Only 1 & 2 are correct
[B]Only 2 & 3 are correct
[C]All are correct
[D]None of them is correct
7. Which among the following was NOT a reason behind India's poverty as pointed out by Dadabhai Naoroji in his famous work "Poverty and Un-British Rule in India" ?
[A]Expenditure of the European Officials in England
[B]Money sent by the British professionals to England
[C]India's Population growth
[D]Bringing of British Capital in India
8. Which among the following was the first deepwater block in India to start production?
[A]Krishna Godavari D-6
[B] Mahanadi deepwater block NEC-DWN-2002/1
[C]SB-11
[D]KG-DWN- 2005/2
9. Which among the following State/ UT / city has the highest per capita electricity consumption in the country?
[A]Puducherry
[B]Delhi
[C]Mumbai
[D]Dadra & Nagar Haveli
10. Which among the following represents a decrease in the Owner's equity?
[A]Issue of Bonus Shares
[B]Redemption of the Debentures
[C]Redemption of the Preference Shares
[D]Purchase of the Building
11. Which among the following will be a debit entry in India's balance of payments?
[A]Imports of goods by India.
[B]Income of Indian investments abroad.
[C]Receipts of transfer payments.
[D]Exports of services by India.
12. Which among the following states leads in the Infant Mortality Rate in India?
[A]Odisha
[B]Uttar Pradesh
[C]Madhya Pradesh
[D]Assam
13. Yashaswini rural healthcare scheme is being implemented in which among the following states of India?
[A]Andhra Pradesh
[B]Karnataka
[C]Himachal Pradesh
[D]Tamil Nadu
14. Which among the following states of India is running the Dhanwantari Yojana in the healthcare sector?
[A]Haryana
[B]Rajasthan
[C]Madhya Pradesh
[D]Uttar Pradesh
15. Which among the following sectors has largest contribution in Gross Domestic Savings in India?
[A]Public Sector
[B]Households
[C]Private Sector Corporates
[D]Unorganized Sector
1. In which among the following years, a new " Liberalized Industrial Policy " in India was announced for the first time?
[A]1986
[B]1991
[C]1992
[D]1993
2. In which among the following years, the MRTP act became effective?
[A]1970
[B]1972
[C]1975
[D]1978
3. In the Industrial Policy of 1991, how many industries were reserved only for Public Sector?
[A]7
[B]8
[C]11
[D]13
4. In an oligopolistic or monopolistically competitive market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept ?
[A]Supracompetitive pricing
[B]Swing Demand
[C]Kinked Demand
[D]Imperfect competition
5. In context with the two way trade of India with different regions, which among the following region is India's largest trade partner?
[A]EU Region
[B]Gulf Region
[C]North America
[D]Latin America
6. Consider the following statements in context with the Free Market Economy:
1. The role of market forces and competition is eliminated by law
2. There is a high degree of competition in both commodity and factor markets
3. Private gains are the main motivating and guiding force for carrying out economic activities
Which among the above is/ are correct statements?
[A]Only 1 & 2 are correct
[B]Only 2 & 3 are correct
[C]All are correct
[D]None of them is correct
7. Which among the following was NOT a reason behind India's poverty as pointed out by Dadabhai Naoroji in his famous work "Poverty and Un-British Rule in India" ?
[A]Expenditure of the European Officials in England
[B]Money sent by the British professionals to England
[C]India's Population growth
[D]Bringing of British Capital in India
8. Which among the following was the first deepwater block in India to start production?
[A]Krishna Godavari D-6
[B] Mahanadi deepwater block NEC-DWN-2002/1
[C]SB-11
[D]KG-DWN- 2005/2
9. Which among the following State/ UT / city has the highest per capita electricity consumption in the country?
[A]Puducherry
[B]Delhi
[C]Mumbai
[D]Dadra & Nagar Haveli
10. Which among the following represents a decrease in the Owner's equity?
[A]Issue of Bonus Shares
[B]Redemption of the Debentures
[C]Redemption of the Preference Shares
[D]Purchase of the Building
11. Which among the following will be a debit entry in India's balance of payments?
[A]Imports of goods by India.
[B]Income of Indian investments abroad.
[C]Receipts of transfer payments.
[D]Exports of services by India.
12. Which among the following states leads in the Infant Mortality Rate in India?
[A]Odisha
[B]Uttar Pradesh
[C]Madhya Pradesh
[D]Assam
13. Yashaswini rural healthcare scheme is being implemented in which among the following states of India?
[A]Andhra Pradesh
[B]Karnataka
[C]Himachal Pradesh
[D]Tamil Nadu
14. Which among the following states of India is running the Dhanwantari Yojana in the healthcare sector?
[A]Haryana
[B]Rajasthan
[C]Madhya Pradesh
[D]Uttar Pradesh
15. Which among the following sectors has largest contribution in Gross Domestic Savings in India?
[A]Public Sector
[B]Households
[C]Private Sector Corporates
[D]Unorganized Sector