GK - Indian Economy Quiz 2

1. Which of the following steel plants was set up in collaboration with the former Soviet Union?

a) Durgapur
b) Bokaro
c) Salem
d) Bhadrawati

2. India observed a ‘Plan Holiday’ during which of the following period?

a) 1962-63 to 1965-66
b) 1966-67 to 1968-69
c) 1971-72 to 1975-76
d) 1947-48 to 1951-52

3. Before we attained independence, crude oil was produced in just one of the Indian states. Name the state?

a) Maharashtra
b) Assam
c) Gujarat
d) Bihar

4. Which of the following taxes makes the least contribution to the revenue of the Government of India?

a) wealth tax
b) income tax
c) customs
d) excise

5. The import of which of the following products costs India the maximum?

a) iron and steel
b) food grains
c) crude and petroleum
d) fertilizers

6. The biggest employer in India is?

a) BPOs
b) Indian Railways
c) LIC
d) Civil aviation industry

7. The concept of the Rolling Plan was introduced by

a) CPI
b) Congress
c) Jawaharlal Nehru
d) Janata Government

8. The Life Insurance Corporation (LIC) was set up in

a) 1956
b) 1947
c) 1949
d) 1935

9. The Indian financial year begins on

a) January 1
b) April 1
c) June 1
d) March 1

10. Who was the first Indian Governor of the RBI?

a) CD Deshmukh
b) Jawaharlal Nehru
c) MS Swaminathan
d) GV Mavalankar

11. Which of the following is not an objective of India’s economic planning?

a) agricultural growth
b) industrial growth
c) population growth
d) employment generation

12. Who among the following was the first to make an attempt to measure India’s national and per capita income?

a) Jawaharlal Nehru
b) Mahatma Gandhi
c) Dadabhai Naoroji
d) Dr DR Gadgil

13. Which of the following is a direct tax?

a) excise duty
b) sales tax
c) income tax
d) all of these

14. In India, the currency notes are printed at the Security Press at

a) Mumbai
b) Nashik
c) Delhi
d) Pune

15. Which one of the following Five Year Plans was terminated before the completion of its period?

a) Fourth
b) Fifth
c) Seventh
d) Eighth

16. The Unit Trust of India (UTI) was set up in

a) 1935
b) 1956
c) 1964
d) 1980

17. According to the NSSO Report Orissa has the highest percentage of people living below poverty line. Which state has the largest number of people living below poverty line?

a) Maharashtra
b) Uttar Pradesh
c) Bihar
d) Chattisgarh

18. Which state has the least percentage of people living below the poverty line?

a) Punjab
b) Kerala
c) Tamil Nadu
d) Bengal

19. Integrated Rural Development Programme (IRDP) was launched with the objective of improving the economic and social life of the poor living in the rural areas. When was this programme launched?

a) 1978-79
b) 1975-76
c) 1972-73
d) 1987-88

20. Which social welfare scheme was launched in 1993 with the objective of providing sustained employment to about 10 lakh educated unemployed youth during the Eighth Five Year Plan?

a) Indira Mahila Yojna
b) Prime Minister’s Rozgar Yojna
c) National Rural Employment Scheme
d) TRYSEM

21. Which state has the highest population density in India?

a) Arunachal Pradesh
b) West Bengal
c) Kerala
d) Tamil Nadu

22. Which was the first country in the world to introduce a Family Planning Policy?

a) India
b) China
c) Indonesia
d) USA

23. What is the density of population in India?

a) 390 people per sq km
b) 324 people per sq km
c) 412 people per sq km
d) 280 people per sq km

24. Which of the following states has the lowest density of population per square kilometer?

a) Arunachal Pradesh
b) Haryana
c) Punjab
d) West Bengal

25. The poor and backward states of India have conventionally been referred to as the BIMARU. Which one of the following is not a BIMARU state?

a) Bihar
b) Rajasthan
c) Bengal
d) Uttar Pradesh

Answers

1. Bokaro
2. 1966-67 to 1968-69
3. Assam
4. wealth tax
5. crude and petroleum
6. Indian Railways
7. Janata Government
8. 1956
9. April 1
10. CD Deshmukh
11. population growth
12. Dadabhai Naoroji
13. income tax
14. Nashik
15. Fifth
16. 1964
17. Uttar Pradesh
18. Punjab
19. 1978-79
20. Prime Minister’s Rozgar Yojna
21. West Bengal
22. India
23. 324 people per sq km
24. Arunachal Pradesh
25. Bengal