Practice Quiz set 7 - indian economy mcq Online Quiz (set-1) For All Competitive Exams

Q-1)   What is the approximate share of SSIs in gross industrial value added in the Indian economy?

(a)

(b)

(c)

(d)

Explanation:

The small-scale industries sector plays a vital role in the growth of the country. It contributes almost 40% of the gross industrial value added in the Indian economy.


Q-2)   When was the first modern paper mill of the country set up?

(a)

(b)

(c)

(d)

Explanation:

Paper and Paper Board is a forest-based industry. In 1812 the first modern paper mill of the country was set up at Serampore in West Bengal.


Q-3)   Which among the following is the apex organization of Industrial Finance in India?

(a)

(b)

(c)

(d)


Q-4)   The SEZ Act 2005 which came into effect in February 2006 has certain objectives? In this context consider the following :
  1. Development of infrastructure facilities
  2. Promotion of investment from foreign sources.
  3. Promotion of export of services only.
Which of the above is/are objective of this Act?

(a)

(b)

(c)

(d)

Explanation:

The main objectives of the SEZ Acts 2005, is to develop infrastructure facilities and to promote investment from foreign sources.


Q-5)   Consider the following statements :
  1. India has attained self-sufficiency in almost all consumer goods.
  2. In terms of capital goods, India still depends on the import.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

In terms of capital goods, India still depends on the import has not attained self sufficiency in almost all consumer goods.


Q-6)   Kuwait’s biggest Mobile Telecommunication Company known as Zain has been bought by—

(a)

(b)

(c)

(d)

Explanation:

Bharti Airtel has acquired Zain Telecom’s African assets in a $10.7 billion deal. The acquisition of Zain assets will give the Indian mobile market leader a footprint in 15 African countries.


Q-7)   Consider the following statements about the Competition Commission of India.
  1. Competition Commission of India (CCI) was established with effect from 14th October 2003.
  2. The goal is to combat the monopoly tendencies and faster the competition among public sector enterprises.
  3. CCI (Competition Commission of India) consists of a chairperson and 6 members appointed by the central government.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Competition Commission of India is a body of the government of India responsible for enforcing the Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India. It was established on 14 October, 2003.

The goal is to combat the monopoly tendencies and faster the competition among public sector enterprises. CCI (Competition Commission of India) consists of a chairperson and 6 members appointed by the central government.


Q-8)   In the context of the present ceiling on investment for categorization of various enterprises as Micro, Small and Medium Manufacturing Enterprises (MSMEs), which of the following statements are correct:
  1. A microenterprise is an enterprise where the investment in equipment does not exceed Rs. 25 lakh.
  2. A small enterprise is an enterprise where the investment in equipment is more than Rs. 25 lakh but does not exceed Rs. 5 crores.
  3. A medium enterprise is an enterprise where the investment in equipment is more than Rs. 5 crore but does not exceed Rs. 10 crore.

(a)

(b)

(c)

(d)

Explanation:


Q-9)   In which of the following field is the Ramnath Goenka Award given?

(a)

(b)

(c)

(d)

Explanation:

Ramnath Goenka Awards is given for Excellence in Journalism. It show eases the values that stand for good journalism: excellence and enterprise, courage and fairness.

The awards cover the entire gamut of Indian media, Print and Broadcast, in English and Indian languages.


Q-10)   Kuwait’s biggest Mobile Telecommunication Company known as Zain has been bought by—

(a)

(b)

(c)

(d)

Explanation:

Bharti Airtel has acquired Zain Telecom’s African assets in a $10.7 billion deal. The acquisition of Zain assets will give the Indian mobile market leader a footprint in 15 African countries.