Indian Economy

1. How much does the agriculture sector contributes to India's GDP? 

(a) 40% 

(b) 70% 

(c) 17% 

(d) 5% 

Ans. C

2. Indian Agriculture is typically characterised as 

(a) land surplus, labour scarce economy 

(b) land surplus, labour surplus economy 

(c) land scarce, labour surplus economy 

(d) land scarce, labour scarce economy 

Ans. C

3. Who is the father of Green Revolution in the world? 

(a) Norman Borlaug 

(b) MS Swaminathan 

(c) Raj Krishna 

(d) RKV Rao 

Ans. A

4. The Green Revolution in India was an introduction of High Yielding Varieties (HYV) seeds of 

(a) Millet 

(b) Pulse 

(c) Wheat 

(d) Oilseed 

Ans. C

5. Green Revolution is launched in the year 

(a) 1960

(b) 1961 

(c) 1966 

(d) 1968

Ans. C

6. The Blue Revolution is related to 

(a) Fish production  

(b) Food grain production 

(c) Oilseed production

(d) Milk production 

Ans. A

7.  Who among the following used the term "Evergreen Revolution' for increasing agricultural production in India? 

(a) Norman Borlaug 

(b) MS Swaminathan 

(c) Raj Krishna 

(d) Verghese Kurien 

Ans. B

8. Which agency is responsible for procurement ,distribution and storage of food  grain in India? 

(a) Ministry of Agriculture 

(b) Food Corporation of India 

(c) NAFED 

(d) TRIFED

Ans. B 

9. Pradhan Mantri Fasal Bima Yojana is launched in the year ?

(A) 2014

(B) 2015

(C) 2016

(D) 2017 

Ans. C

10. First Industrial policy of free India was announced in the year 

(A) 1947

(B) 1948

(C) 1951

(D) 1956 

Ans. B 

11. Raurkela Steel Plant was set up with the assistance from 

(a) USSR 

(b) UK 

(c) USA 

(d) West Germany 

Ans.  D

12. Which is the biggest enterprise of the Government of India ? 

(a) Postal and Telegraph 

(b) Railway 

(c) Banking 

(d) Shipping 

Ans.  B

13. Which one of the following is 'Maharatna Company'? 

(a) Bharat Electronics Limited (BEL) 

(b) Oil India Limited 

(c) Engineers India Limited 

(d) Bharat Petroleum Corporation Limited (BPCL) 

Ans. D

14. Reserve Bank of India was nationalised in 

(a) 1947 

(b) 1948 

(c) 1949 

(d) 1951 

Ans. C

15. Which bank was earlier called the 'Imperial Bank of India'? 

(a) RBI 

(b) SBI 

(c) UBI 

(d) PNB 

Ans. B

16. The Foreign Exchange Reserves of India are kept in the custody of 

(a) World Bank 

(b) IMF 

(c) RBI 

(d) Prime Minister Rahat Kosh 

Ans.  C

17. Government of India for the first time nationalised 14 large commercial banks in the year 

(a) 1956 

(b) 1959 

(c) 1969

(d) 1971 

Ans. C