INDIAN ECONOMY MCQs

1. Who among the following leaders announced the Industrial Policy of 1956? 

[A] Sardar Patel

[B] Jawaharlal Nehru 

[C] Balwant Rai mehta 

[D]J B Kriplani

2. Which among the following was set up by Government of India in 1988 with objective of developing multi 

modal logistics support for India's International and Domestic containerized cargo and trade? 

[A] Inland Container Depots 

[B] Container Corporation of India 

[C] Central warehousing Corporation 

[D]None of them 

3. Which among the following is the correct full form of SIDO? 

[A] Small Industries Development Organization 

[B] Sick Industries Development Organization 

[C] Small Industries Development Office 

[D]State Industrial Development Organization 

4. Consider the following: 

1. Uneconomic & Fragmented Holdings 

2. Inefficient Labor Force 

3. No use of HYV seeds 

Which among the above is/ are the reasons for low productivity in Indian Agriculture? 

[A]Only 1 

[B]Only 1 & 2

[C]Only 2 & 3 

[D]1, 2 & 3 

5. Consider the following works: 

1. Subscribing to share capital of State Warehousing Corporations 

2. Acquire buildings and go downs at suitable places 

3. Arrange facilities for transport of agriculture produce Which among the above functions are performed by Central Warehousing Corporation? 

[A]Only 1 

[B]1 & 2 

[C]2 & 3 

[D]1, 2 & 3 

6. Which among the following is the cheapest mode of transport in terms of fixed plus running costs? 

[A] Roadways 

[B] Waterways 

[C] Railways 

[D]Pipelines 

7. Which among the following is characterized by Highest Fixed Cost & Lowest Running Cost ? 

[A] Road Transport 

[B] Rail Transport 

[C] Air transport 

[D]Pipeline Transport 
8. Consider the following factors: 

1. High Investment in industries 

2. Expanding market for product 

3. Dynamic entrepreneurship 

Which of the above are required for accelerated growth of an economy ? 

[A]Only 1 

[B]1 & 2 

[C]1, 2 & 3 

[D]2 & 3 

9. Which among the following is the most important bulk import of India? 

[A] Non-electrical machinery 

[B] Electric Goods 

[C] Petroleum 

[D]Food Grains 

10. India has a high export earning from Diamonds. In this context, consider the following: 

1. High Diamonds Stocks 

2. Large Production of Industrial Diamonds 

3. Availability of experts on cutting and polishing 

Which among the above is/ are most appropriate reason/ reasons behind the above fact? 

[A]Only 1 

[B]Only 1 & 3 

[C]Only 3 

[D]1, 2 & 3