introduction to indian economy section 3 MCQ Questions & Answers Detailed Explanation

Answer: (c)

Answer: (b)

The poverty line in India defines a threshold income; households earning below this threshold are considered poor.

In 2011, the Suresh Tendulkar Committee defined the poverty line on the basis of monthly spending on food, education, health, electricity and transport.

According to this estimate, a person who spends Rs.27.2 in rural areas and Rs.33.3 in urban areas a day are defined as living below the poverty line.

Answer: (b)

Inclusive growth is a concept that includes an equitable allocation to every section of society.

It creates an environment of equality in opportunity in all dimensions such as employment creation, market, consumption, and production and has created a platform for people who are poor to access a good standard of living.

Answer: (b)

Tata Consultancy Services (TCS) is India’s top software services exporter. TCS is part of the Tata Group conglomerate that also manufactures cars and steel, and serves customers including Citigroup Inc and BP Plc.

It is one of India’s most valuable companies and is the largest India-based IT services company by 2012 revenues.

Answer: (a)

Special Economic Zone (SEZ) was established in India with the objectives of:

1. Generation of additional economic activity;
2. Promotion of exports of goods and services;
3. Promotion of investment from domestic and foreign sources;
4. Creation of employment opportunities;
5. Development of infrastructure facilities.

It aimed to attract larger foreign investments.

Answer: (b)

Workers in the Iron and Steel industry hold more than 2000 different types of jobs.

About 80 per cent of all workers are directly engaged in moving raw materials and steel products about the plants, making iron and steel products, and maintaining the vast amount of machinery used in the industry.

In addition, other workers are needed to do clerical, sales, professional, technical, administrative and supervisory works.