Indian Economy (for All Competitive Exams)

1. The Indian rupee is a legal tender in two other countries. One is Nepal. The other is
(A) Pakistan
(B) Sri Lanka
(C) Bhutan
(D) Afghanistan
ANSWER :    C

2. Kerala's shores are famous for the deposits of
(A) Copper
(B) Coal
(C) Thorium
(D) Iron ore
ANSWER :    C

3. Which of the following taxes is the largest source of revenue for the Government of India?
(A) Excise
(B) Customs
(C) Income tax
(D) Corporation tax
ANSWER :    A

4. The National Stock Exchange (NSE) is located at
(A) Mumbai
(B) New Delhi
(C) Madras
(D) Calcutta
ANSWER :    A

5. The aim of which Five Year Plan was to correct the disequilibrium in the economy?
(A) First Five year plan
(B) Second Five year plan
(C) Third Five year plan
(D) Fourth five year plan
ANSWER :    A

6. Which of the following is the Central bank of India?
(A) State Bank of India
(B) Reserve bank of India
(C) Imperial Bank of India
(D) Punjab National bank
ANSWER :    B

7. The Reserve Bank of India came into existence on
(A) April 1, 1936
(B) January 26, 1894
(C) August 15, 1947
(D) April 1, 1947
ANSWER :    A

8. Which of the following was the first Indian bank?
(A) Bank of Baroda
(B) Bank of Hindustan
(C) Punjab National Bank
(D) State Bank of India
ANSWER :    B

9. In which of the following years was power development initiated in India?
(A) 1900
(B) 1905
(C) 1911
(D) 1915
ANSWER :    A

10. How many banks were nationalized in 1969?
(A) 10
(B) 12
(C) 13
(D) 14
ANSWER :    D

11. Who was the Prime Minister of India when nationalization of banks took place in 1969?
(A) Indira Gandhi
(B) Jawaharlal Nehru
(C) Lal Bahadur Shastri
(D) Morarji Desai
ANSWER :    A

12. At which of the following places was the first hydroelectric power station commissioned?
(A) Chambal
(B) Damodar
(C) Mandi
(D) Shivasamudram
ANSWER :    D

13. Garland canal project envisages the conservation of water resources in the country through the construction of
(A) dams
(B) canals
(C) embankments
(D) none of these
ANSWER :    B

14. The largest percentage of bonded labour in India belongs to
(A) scheduled castes
(B) scheduled tribes
(C) other backward classes
(D) none of these
ANSWER :    B

15. In which of the following year was the mining of coal started in India?
(A) 1775
(B) 1774
(C) 1800
(D) 1805
ANSWER :    B

16. Which of the following is India's biggest dam?
(A) Bhakra Nangal
(B) Hirakud
(C) Farakka
(D) Pong Dam
ANSWER :    A

17. On which river is the Pong Dam hydro electric power project built?
(A) Ganga
(B) Ravi
(C) Beas
(D) Hughly
ANSWER :    C

18. In India which crop is sown on the largest area?
(A) Jowar
(B) wheat
(C) tobacco
(D) rice
ANSWER :    D

19. Bakra Nangal is a joint project of Haryana, Punjab and Rajasthan. On which river is this built?
(A) Yamuna
(B) Sindhu
(C) Sutlej
(D) Ravi
ANSWER :    C

20. On which river is the Hirakud dam built?
(A) Godavari
(B) Kaveri
(C) Mahanadi
(D) Narmada
ANSWER :    C

21. On which river is the Tehri dam built?
(A) Alakananda
(B) Bhagirathi
(C) Ganga
(D) Hooghly
ANSWER :    C

22. Which Indian state leads in the production of rubber?
(A) Tamil Nadu
(B) Kerala
(C) Karnataka
(D) Gujarat
ANSWER :    B

23. Which Indian state tops in the production of gypsum?
A) Gujarat
B) Rajasthan
C) Kerala
D) Karnataka
ANSWER :    B

24. Into how many PIN code zones is India divided?
(A) eight
(B) seven
(C) six
(D) nine
ANSWER :   B 

25. Which state has the highest percentage of people living below the poverty line?
(A) Uttar Pradesh
(B) Orissa
(C) Bihar
(D) Madhya Pradesh
ANSWER :    A

26. Which of the following is the most populous city in India?
(A) Mumbai
(B) Delhi
(C) Kolkatta
(D) Chennai
ANSWER :    A

27. Which Indian state has the lowest percentage of people living below the poverty line?
(A) Punjab
(B) Gujarat
(C) Karnataka
(D) Maharashtra
ANSWER :    A

28. Which Indian state has the highest per capita income?
(A) Haryana
(B) Punjab
(C) Uttar Pradesh
(D) Karnataka
ANSWER :    B

29. Which Indian state stands first in the production of coffee?
(A) Kerala
(B) Karnataka
(C) Assam
(D) Gujarat
ANSWER :    B

30. Which Indian state has the highest per capita income?
(A) Haryana
(B) Punjab
(C) Uttar Pradesh
(D) Karnataka
ANSWER :    B

31. The largest percentage of bonded labour in India belongs to
(A) scheduled castes
(B) scheduled tribes
(C) other backward classes
(D) none of these
ANSWER :    B

32. In which of the following year was the mining of coal started in India?
(A) 1775
(B) 1774
(C) 1800
(D) 1805
ANSWER :    B

33. Which of the following is India's biggest dam?
(A) Bhakra Nangal
(B) Hirakud
(C) Farakka
(D) Pong Dam
ANSWER :    A

34. On which river is the Pong Dam hydro electric power project built?
(A) Ganga
(B) Ravi
(C) Beas
(D) Hughly
ANSWER :    C

35. In India which crop is sown on the largest area?
(A) Jowar
(B) wheat
(C) tobacco
(D) rice
ANSWER :    D

36. Bakra Nangal is a joint project of Haryana, Punjab and Rajasthan. On which river is this built?
(A) Yamuna
(B) Sindhu
(C) Sutlej
(D) Ravi
ANSWER :    C

37. On which river is the Hirakud dam built?
(A) Godavari
(B) Kaveri
(C) Mahanadi
(D) Narmada
ANSWER :    C

38. On which river is the Tehri dam built?
(A) Alakananda
(B) Bhagirathi
(C) Ganga
(D) Hooghly
ANSWER :    B

39. Which Indian state leads in the production of rubber?
(A) Tamil Nadu
(B) Kerala
(C) Karnataka
(D) Gujarat
ANSWER :    B

40. Which Indian state tops in the production of gypsum?
(A) Gujarat
(B) Rajasthan
(C) Kerala
(D) Karnataka
ANSWER :    B

41. Into how many PIN code zones is India divided?
(A) eight
(B) seven
(C) six
(D) nine
ANSWER :    A

42. Which state has the highest percentage of people living below the poverty line?
(A) Uttar Pradesh
(B) Orissa
(C) Bihar
(D) Madhya Pradesh
ANSWER :    B

43. Which of the following is the most populous city in India?
(A) Mumbai
(B) Delhi
(C) Kolkatta
(D) Chennai
ANSWER :    A

44. Which Indian state has the lowest percentage of people living below the poverty line?
(A) Punjab
(B) Gujarat
(C) Karnataka
(D) Maharashtra
ANSWER :   A