Top 10 General Knowledge | Indian Economy Facts | Part-06
1. Which of the following organization is not joined by India?
(a) APEC
(b) ASEAN
(c) NAFTA
(d) All of the above
Ans. (d) All of the above.
2. The Finance Ministry, government of India has imposed an anti-dumping duty recently on which mineral?
a) Thorium
b) Monazite
c) Graphite electrodes
d) Uranium
Ans: c) Graphite electrodes.
3. What is special 301 and super 301?
(a) Variety of rice
(b) Trade pacts with Indian and European Union.
(c) Trade protection policies adopted by the USA
(d) Technology used in the artificial raining
Ans. (c) Trade protection policies adopted by the USA.
4. Who imposes corporation tax in India?
(a) State govt.
(b) Central govt.
(c) State and central both
(d) Local govt.
Ans. (b) Central govt.
5. What is liquidity?
(a) The degree to which an asset or security can be quickly bought or sold in the market.
(b) Ability of the government to increase tax base
(c) How easily an individual get loan from the banks
(d) None of these
Ans. (a) The degree to which an asset or security can be quickly bought or sold in the market.
6. India is regarded as a country with "Demographic Dividend". This is due to
(a) Its high population in the age group below 15 years
(b) Its high population in the age group of 15-64 years
(c) Its high population in the age group above 65 years
(d) Its high total population
Ans: (b) Its high population in the age group of 15-64 years.
7. Which three states are the top three producers of food grains in India?
(a) U.P., Punjab, Madhya Pradesh
(b) Punjab, U.P., Madhya Pradesh
(c) Madhya Pradesh, U.P., Punjab,
(d) U.P., Gujarat, Madhya Pradesh
Ans. (a) U.P., Punjab, Madhya Pradesh.
8. What does devaluation mean?
(a) Increment in the value of domestic currency.
(b) Decrease in the external value of domestic currency and no change in the internal/domestic value.
(c) First increase then decrease in the external value of domestic currency.
(d) None of these.
Ans. (b) Decrease in the external value of domestic currency and no change in the internal/domestic value.
9. When the reserve bank of India increases the cash reserve ratio (CRR)?
(a) When the Indian economy have high rate of inflation
(b) When the Indian economy have low rate of inflation
(c) The demand of goods & services is very low
(d) None of these
Ans. (a) When the Indian economy have high rate of inflation.
10. Which of the following is the biggest producer of Food grain in the world?
(a) India
(b) China
(c) USA
(d) Brazil
Ans. (b) China.