introduction to indian economy section 1 MCQ Questions & Answers Detailed Explanation

Answer: (d)

Answer: (b)

The category Special economic zone includes free trade zones (FTZ), export processing Zones (EPZ), free Zones (FZ), industrial parks or industrial estates (IE), free ports, free economic zones, and urban enterprise zones.

The goal of an SEZ structure is to increase foreign direct investment by foreign investors.

Answer: (b)

Karnataka’s Chief Minister Siddaramaiah, in March 2016, made the announcement to abolish the tax on agricultural income while presenting the State Budget for 2016-17.

This in turn will provide relief to many tea and coffee companies besides thousands of individual coffee growers. Plantation companies had to pay a 35 per cent tax on their net income.

Answer: (d)

The sixth five-year plan had long-term objectives of removal of poverty and the achievement of self-reliance.

It also aimed at the achievement of economic and technological self-reliance with the help of modernisation.

Answer: (b)

The Government of India started the Oil Seeds Production programme in 1986 to harness the best of production, processing and management technologies to accelerate self-reliance in oilseeds and vegetable oils.

The programme was designed to supplement the efforts of the state governments to increase the production and productivity of groundnut, rapeseed/ mustard, soybean, sunflower, Sesamum, castor, safflower, linseed and Niger grown in the states.

Answer: (c)

India Awas Yojana is a Government of India social welfare programme to provide housing for the rural poor in India.

Started in 1985 as part of the Rural Landless Employment Guarantee Programme (RLEGP), Indira Awas Yojana was subsumed in Jawahar Rozgar Yojana in 1989 and has been operating as an independent scheme since 1996.