GK Quiz on Indian Economy Set III

It is being observed that there are so many questions are asked in the recent competitive exams based on the Indian Economy. General Knowledge Quiz section is a repository of Multiple Choice Questions that will equip you with so many questions based on the deep analysis of the theory related to the different topics of Indian Economy.

1. ………% of Indian population is dependent on agriculture?

(a) 65% of total population

(b) 53% of total population

(c) 40% of total population

(d) 65% of total population

2. Which Indian states produce highest quantity of soyabeen?

(a) U.P

(b) MP

(c) Kerala

(d) Maharashtra

3. Which of the following statement is not correct?

(a) The national insurance scheme for crops was implemented from 1999-2000

(b) Kerala is the main rubber producer in India.

(c) India is the largest tobacco producing country in the world.

(d) At present India is the third largest fertilizer producer in the world.

4. Which Indian state uses biggest quantity of fertilizer in India?

(a) Punjab

(b) Karnataka

(c) U.P

(d) Maharashtra

5. Black revolution is related to the…….

(a) Fish production

(b) Coal production

(c) Crude oil production

(d) Mustard Production

6. What percentage of Indian GDP is contributed by the service sector?

(a) 25 % of GDP

(b)  60 % of GDP

(c) 53% of GDP

(d) 49 % of GDP

7. Which of the following sector does not comes under the service sector in India?

(a) Real estate

(b) Transport

(c) Restaurants & hotels

(d) Formation of electronic television

8. Which activity is termed as activity of tertiary sector?

(a) Wheat production

(b) Mobile production

(c) Construction of a dam

(d) Fishing

9. Which of the following industry is known as sun rising industry?

(a) Dairy industry

(b) Information technology

(c) Health and clinic

(d) None of these

10. What is the current rate of service tax in India currently?

(a) 12.5%

(b) 13.5%

(c) 14%

(d) 14.5%

11. How many services (till 2012) are included in the service tax currently in India?

(a) 119

(b) 110

(c) 98

(d) 85

12. Since when the service tax is being imposed in India?

(a) 1991

(b) 1999

(c) 1194

(d) 2001

13. Service tax is applicable to:

(a) Whole of India

(b) Whole of India except Jammu and Kashmir

(c) Whole of India, except Jammu and Kashmir and Union Territories of Dadra, Nagar Haveli, Daman & Diu

(d) Whole of India including few part of Jammu & Kashmir

14. Service tax was introduced in India on the recommendation of:

(a) Kelkar Committee

(b) Dr. Raja J Challiah Committee

(c) Dr. Man Mohan Singh Committee

(d) Dr. Yashwant Sinha Committee

15. The provisions relating to service tax in India are given in:

(a) Chapter V of the Finance Act, 1994

(b) Chapter VII and VIII of the Finance Act, 2004

(c) The Service tax Act, 1994

(d) Chapter V and VA of the Finance Act, 1994

16. When was the first industrial policy of India launched?

(a) 1956

(b) 1948

(c) 1951

(d) 1965

17. Which of the following statement is not correct?

(a) Monopolistic and restrictive trade practices (MRTP) act was passed in 1969.

(b) FERA was launched in 1978

(c) New industrial policy of 1991 reduced the numbers of reserved sectors for public sector to 9.

(d) First five year plan of India was focused on the development of the agriculture.

18. First five year plan of India was based on the:

(a) Harrod Domar model

(b) Mahalanobis model

(c) Dada Bhai Nauroji model

(d) J.L. Nehru model

19. Who was the proponent of Gandhian strategy?

(a) J.L. Nehru

(b) PC. Mahalanobis

(c) Shriman Narayan Agarwal

(d) None of these

20. Which of the following is not correct statement?

(a) Bombay plan was started in 1944

(b) JRD Tata and his associates started Bombay plan.

(c) Peoples plan was proposed by the M.N. Roy

(d) Sarvodaya plan was started by the Vinoba bhave

Question	Answer
1	b
2	b
3	c
4	a
5	c
6	b
7	d
8	c
9	b
10	c
11	a
12	c
13	b
14	b
15	d
16	b
17	b
18	a
19	c
20	d