Practice Quiz set 5 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) India’s first port-based Special Economic Zone named International Container Trans-shipment Terminal (ICTI) is being set-up at?
(a)
(b)
(c)
(d)
The Kochi International Container Transhipment Terminal (ICTT), locally known as the Vallarpadam Terminal, is a container trans-shipment facility which is part of the Cochin Port in Kochi, India.
Q-2) According to the evaluation of Asian Development Bank the economic growth of India in 2013 is expected ?
(a)
(b)
(c)
(d)
ADB’s flagship annual economic publication, Asian Development Outlook 2013 evaluated the economic growth of India in 2013 to 6.0 % and 6.5 % in 2014.
Q-3) When was the first modern paper mill of the country set up?
(a)
(b)
(c)
(d)
Paper and Paper Board is a forest-based industry. In 1832 the first modern paper mill of the country was set up at Serampore in West Bengal.
Q-4) The present trade policy (2009–14) of the Government of India aims to achieve annual export growth rate of
(a)
(b)
(c)
(d)
The present Trade Policy (2009–14) of the government of India aims to achieve an annual export growth rate of 15%. Mr Anand Sharma announced the Foreign Trade Policy 2009 – 2014 on 27th August 2009 covering various measures that will be taken to boost foreign trade.
Q-5) Durgapur steel plant was set up in assistance of
(a)
(b)
(c)
(d)
Durgapur Steel Plant, SAIL, was set up with the British collaboration in the late fifties with an initial capacity of one million tonnes of crude steel per annum.
Q-6) According to the data studied by Planning commission in 2011–12, how much the population of India falls under the poverty line?
(a)
(b)
(c)
(d)
According to the data studied by Planning Commission in 2011–12, 21.9% of the population of India falls under the poverty line.
Q-7) POSCO, the steel company is associated with the country?
(a)
(b)
(c)
(d)
POSCO is a multinational steel making company headquartered in Pohang, South Korea. It is the world’s fourth largest steelmaker.
Q-8) How many seats of deputy governor are there in Reserve Bank of India?
(a)
(b)
(c)
(d)
The general superintendence and direction of the RBI are entrusted with the 21-members
- Central Board of Directors—the Governor (currently Raghuram Rajan),
- four Deputy Governors,
- two Finance Ministry representatives,
- ten government nominated directors to represent important elements from India’s economy, and
- four directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi.
Q-9) Which statement is correct regarding cottage industries?
- Cottage industry is run by family members on a full or part-time basis.
- It possesses negligible capital investment.
- The production is done by hands and no wage-earning person is employed in the cottage industry.
(a)
(b)
(c)
(d)
Cottage industry is run by family members on a full or part-time basis. It possesses negligible capital investment.
The production is done by hands and no wage-earning person is employed in the cottage industry.
Q-10) Consider the following statements:
- Small Industry Development Bank of India (SIDBI) was set up as a whole owned subsidiary of the RBI.
- SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Small Industries Development Bank of India (SIDBI) is a non-independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises.
It was incorporated initially as a wholly-owned subsidiary of the Industrial Development Bank of India.
SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.