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WorksheetsIndia's Economics part2
Total questions: 50
Worksheet time: 25mins
India is the global leader in:
Mining exports
Software services
Manufacturing of electronics
Defence production
Which sector bypassed in India’s development path?
Primary
Secondary
Tertiary
Both primary and tertiary
Public sector inefficiency is mainly due to:
High competition
Bureaucratic control
Too much autonomy
Skilled workforce
Unemployment in pre-independence India grew largely due to:
Growth of industries
Decline of handicrafts
Population decline
Modern banking
The National Data & Analytics Platform (NDAP) is launched by:
RBI
Ministry of Finance
TRAI
NITI Aayog
Shoonya Campaign aims to promote:
Pollution
Thermal power
Electric vehicles
Mining
Which is a weakness of NITI Aayog?
Too much power
No role in budgeting
State dominance
Control over Finance Ministry
The primary objective of PLI Scheme is:
Promote imports
Boost manufacturing & exports
Increase subsidies
Encourage migration
PM Fasal Bima Yojana deals with:
Pension
Farm insurance
Education
Subsidies
Agriculture Infrastructure Fund supports:
Post-harvest infrastructure
Defence
Banking reforms
Airports
India’s rank in Global Innovation Index (2022) is:
81
60
40
20
Coal, crude oil, and natural gas are part of:
Primary sector only
Eight core industries
Agriculture
Services sector
The National Logistics Policy aims to reduce:
Bank interest rates
Logistics costs
Fiscal deficit
Agricultural subsidies
The informal sector in India contributes more than:
10% of GVA
25% of GVA
50% of GVA
75% of GVA
Industrial slowdown is often caused by:
Low credit cost
Strong infrastructure
Global supply disruptions
High exports
Service sector start-ups mainly belong to:
Agriculture
Digital and technology services
Mining
Handicrafts
India's real GDP grew by 6.3% in Jul-Sep 2022 due to:
Exports
Strong consumption & investment
Increased fiscal deficit
Decrease in industry
India’s economy is less vulnerable to global shocks because:
No imports
Small domestic market
Low dependence on world trade
Weak services sector
The Industrial Policy of 1956 expanded:
Private sector
Public sector
Foreign investment
Cottage industries
The term “License Raj” refers to:
Free markets
Excessive industrial licensing
Tax holidays
Labour reforms
The Oil shocks occurred in:
1951 & 1955
1960 & 1963
1973 & 1979
1988 & 1990
The BoP crisis worsened due to:
High exports
Gulf War 1990
Low imports
Food surplus
The rupee became convertible on current account in:
1980
1985
1994
2000
The main objective of disinvestment is:
Increase PSU inefficiency
Reduce fiscal burden
Increase monopoly
Halt industrialisation
The tertiary sector includes all except:
Banking
Real estate
Manufacturing
Education
Manufacturing PMI above 50 indicates:
Contraction
Expansion
Inflation
Recession
India’s financial sector has deepened due to:
Financial liberalisation
Price controls
High taxes
Banking nationalization
Which sector employs the least labour?
Agriculture
Industry
Services
Construction
Green Revolution increased:
Imports
Agricultural productivity
Land size
Rural inequality only
Which of the following was NOT a 1980s reform?
Broad-banding
Excise reform (MODVAT)
SEBI formation
GST introduction
Public sector inefficiency is caused by:
High autonomy
Bureaucratic procedures
Foreign competition
High FDI
India’s export competitiveness is reduced by:
Strong global demand
Non-tariff barriers
Low logistics cost
High productivity
Which is a feature of India’s tertiary sector growth?
Labour-intensive manufacturing
Knowledge-based services
High agricultural output only
Lack of digital services
India’s services exports remain strong due to:
Weak IT demand
High global demand for digital services
Strict domestic controls
No start-ups
Agriculture in India is:
Highly mechanized
Predominantly rain-fed
Fully irrigated
Only commercialised
A major agricultural marketing issue is:
Excess storage
Inadequate warehousing
Low production
High mechanization
GDP growth in 2020 was:
Positive
Negative
Stable
Highest ever
Producer goods industries stagnated in British India due to:
Lack of demand
Pressure from British producers
High domestic investment
Skilled labour shortage
High dependence on agriculture leads to:
High income
High disguised unemployment
High industrialization
Higher exports
Which was a major drain on colonial India?
Gold inflow
Home charges
Imports of handicrafts
IT exports
Inflation control is part of:
Industrial policy
Stabilization policy
Structural reforms
Trade policy
India became food self-sufficient mainly due to:
Import substitution
Green Revolution
Colonization
Industrialisation
Which sector receives maximum FDI?
Agriculture
Services
Mining
Defence
MSMEs face difficulty mainly due to:
Excess credit
Low interest rates
Limited credit access
High exports
The most volatile sector in GDP is:
Services
Agriculture
Manufacturing
Mining
India’s export basket lacks:
Skill-intensive goods
Diversification
Engineering goods
Refined petroleum
Which is a major post-reform achievement?
Decline in foreign reserves
High integration with global economy
Collapse of services sector
No private investment
High fiscal deficit leads to:
Lower inflation
Higher debt
Lower borrowing
Higher foreign reserves
India’s manufacturing share in GDP is around:
5%
16–17%
40%
55%
The India Development Update (2022) observed that India is:
Highly vulnerable to global shocks
Insulated from global spillovers
Only export-driven
Dependent solely on
