Practice Questions on Indian-Economy

Q1.The bulk of the Central Government’s subsidies arise on the provision of economic services, which account for :

A.45% of the total subsidies

B.52% of the total subsidies

C.70% of the total subsidies

✔ D.88% of the total subsidies

Q2.In 1920, with the Indian railway network having expanded to 61,220 km  a need for central management was mooted by :

✔ A.Sir William Acworth

B.Lord Curzon

C.Robert Maitland Brereton

D.Langley Churley

Q3.General sales tax is a form of:

A.Stamp duty

✔ B.Consumption tax

C.Corporate tax

D.Estate duty

Q4.When was the Industrial Finance Corporation of India established?

A.June 8, 1940

B.June 1, 1948

C.July 10, 1940

✔ D.July 1, 1948

Q5.SME Rating Agency of India was founded by:

A.Industrial Credit and Investment Corporation of India

B.Reserve Bank of India

✔ C.Small Industries Development Bank of India

D.Industrial Finance Corporation of India

Q6.Who is known as the father of the white revolution?

A.Norman Borlaug

✔ B.Verghese Kurien

C.Dr. William Gande

D.Dr. M. S. Swaminathan

Q7.Which of the following is considered the mainstay of growing population of India?

A.Public sector

B.Business

✔ C.Agriculture

D.Manufacturing

Q8.The increase in oil seed production is attributed to:

✔ A.Yellow revolution

B.Green revolution

C.White revolution

D.Brown revolution

Q9.When was the National Agriculture Insurance Scheme (NAIS) introduced?

A.August 1998

✔ B.October 1999

C.February 2001

D.April 2001

 Q10.Which organization issued the data of estimation of India's National income?

✔ A.Central Statistical Organisation

B.National data Centre

C.Planning Commission

D.Non-governmental organization