Practice Quiz set 3 - indian economy mcq Online Quiz (set-1) For All Competitive Exams

Q-1)   How much percentage of the Debt Service Ratio of India during 2012–13?

(a) 12%

(b) 2%

(c) 18%

(d) 6%

Q-2)   Which of the following is not a part of World Bank?

(a) MIGA

(b) IMF

(c) IDA

(d) IBRD

Q-3)   Division of labour often involves

1. specialized economic activity.
2. higly distinct productive roles.
3. involving everyone in many of the same activities.
4. individuals engage in only a single activity and are dependent on others to meet their various needs.

Select the correct answer using the code given below:

(a) 3 only

(b) 1, 3 and 4 only

(c) 1, 2 and 4 only

(d) 2 and 4 only

Q-4)   Which company, adopted the Taj Mahal through the ‘Clean India Campaign’ of the tourism ministry?

(a) HPCL

(b) Indian oil

(c) ONGC

(d) BPCL

Q-5)   What is/are the recent policy initiative of government of India to promote the growth of manufacturing sector?

1. Setting up of National Investment and Manufacturing Zones.
2. Providing the benefit of single window clearance.
3. Establishing the technology acquisition and development fund.

Select the correct answer using the codes given below :

(a) 2 and 3

(b) 2 only

(c) 1 and 3

(d) 1, 2 and 3

Q-6)   Consider the following statements about the Navaratna status industries.

1. Navaratna was originally assigned to nine public sector enterprises in 1997.
2. The number of PSEs (Public Sector Enterprises) having Navaratna status is now more than 15 industries.

Which of the statements given above is/are correct?

(a) 2 only

(b) Both 1 and 2

(c) 1 only

(d) Neither 1 nor 2

Q-7)   Which statement is correct regarding joint venture?

1. 15 industrial areas were put under this category.
2. This category also carried the provision of compulsory licensing.
3. This provision led to the establishment of the so-called ‘Licence- Quota- Permit raj’ in the economy.

(a) Only I

(b) II & III

(c) I & II

(d) All the above

Q-8)   Which statement is correct regarding road transport?

1. India has one of the largest road networks in the world aggregating to about 3.62 million km at present.
2. Three initiatives in the road sector were begun in recent years: The National Highway Development Project (NHDP), Pradhan Mantri Bharat Jodo Pariyojana (PMBJP) and Pradhan Mantri Gram Sadak Yojana (PMGSY)
3. NHDP dealt with building high-quality highways. The PNBJP dealt with linking up major cities to the NHDP Highways. The PMGSY addressed rural roads.

(a) Only I

(b) II & III

(c) I & II

(d) All the above

Q-9)   Despite having large reserves of coal, why does India import millions of tonnes of coal?

1. It is the policy of India to save its own coal reserves for future, and import it from other countries for the present use.
2. Most of the power plants in India are coal-based and they are not able to get sufficient supplies of coal from within the country.
3. Steel companies need large quantity of coking coal which has to be imported.

Which of the statements given above is/are correct?

(a) 1 and 3

(b) 2 and 3

(c) 1 only

(d) 1, 2 and 3

Q-10)   With reference to the Public Sector Undertakings in India, consider the following statements

1. Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country.
2. Project and Equipment Corporation of India Limited is under the Ministry of Industry.
3. One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities.

Which of these statements is/are correct?

(a) 2 and 3

(b) 1 and 2

(c) 1 only

(d) 3 only