Indian Economy Questions Answers

  • 1. Who fixes the poverty line ?

    1. Governement
    2. Lok sabha
    3. Rajya sabha
    4. Planning Commision
    Answer :

    Option D

  • 2. Which is major rubber producing state in India ?

    1. West Bengal
    2. Gujrat
    3. Uttar Pradesh
    4. Kerala
    Answer :

    Option D

  • 3. Which industry is the largest ?

    1. Handloom
    2. Sports
    3. Music
    4. Textile
    Answer :

    Option D

    Explanation:

    Textile industry is the largest industry in the country. The share of Textile and clothing in total industrial production is approx 14%. It provides employment to more than 350 lakh people.

  • 4. In India, Inflation measured by the :

    1. National Income Deflation
    2. Wholesale Price Index number
    3. Consumer Price Index
    4. None of above
    Answer :

    Option C

  • 5. Devaluation of currency leads to ?

    1. fall in domestic prices
    2. increase in domestic prices
    3. cant be predicted
    4. None of above
    Answer :

    Option B

  • 6. First five year plan in India was from

    1. 1947 - 1952
    2. 1949 - 1954
    3. 1950 - 1955
    4. 1951 - 1956
    Answer :

    Option D

  • 7. The increase in oil seeds production was due to ?

    1. White revolution
    2. Yellow revolution
    3. Green revolution
    4. Brown revolution
    Answer :

    Option B