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Indian Economy MCQ Questions and answers for practice | GK

Learn and practice General Knowledge questions and answers on Indian Economy with very easy and understandable explanations. GK questions are very helpful different type of competitive exams. Page-5 section-1

Each section contains 100 MCQs on Indian Economy .
41
As per the 2009-10, data the commodity with highest share in total export value was:
Discuss
Answer & Solution
Answer: Option A
Solution:
As per the 2009-10, data the commodity with highest share in total export value was Gems and Jewellery.
42
The chairman of 13th finance Commission was:
Discuss
Answer & Solution
Answer: Option A
Solution:
What is the Finance Commission? The Finance Commission is a very important body in India. Its main job is to recommend how the tax money collected by the central government should be divided between the central government and the state governments. It ensures fair distribution of resources.

* Each Commission has a Chairman: To lead the work of each Finance Commission, the government appoints a chairperson. This person is responsible for guiding the commission's research, analysis, and recommendations.

* The 13th Finance Commission: This particular commission was set up to make recommendations for the period covering 2010-2015.

* Vijay L. Kelkar's Role: Vijay L. Kelkar was indeed the chairman of the 13th Finance Commission.

* Other Options Explained:
* K C Neogy: He was the chairman of the First Finance Commission.
* Nand Kishore Singh: He was the chairman of the 15th Finance Commission.
* Y. V. Reddy: He was the chairman of the 14th Finance Commission.
43
The Ex-Officio Secretary of National Development Council is:
Discuss
Answer & Solution
Answer: Option C
Solution:
The Ex-Officio Secretary of National Development Council is Secretary of Planning Commission.
44
The largest producer of Coffee in the country is:
Discuss
Answer & Solution
Answer: Option D
Solution:
The largest producer of Coffee in the country is Karnataka.
45
The national food for work programme was launched in:
Discuss
Answer & Solution
Answer: Option A
Solution:
NFWP stands for National Food for Work Program . It is launched by the Ministry of Rural Development, Central Government of India in November 2004. Under this scheme, 150 backward districts are provided with the necessary resources.
46
In Global Hunger Index (GHI) India has been ranked at:
Discuss
Answer & Solution
Answer: Option B
Solution:
In Global Hunger Index (GHI) India has been ranked at 102nd place among 117 developing countries.
47
In coal production, India ranks in the world:
Discuss
Answer & Solution
Answer: Option C
Solution:
In coal production, India ranks in the world at Third place(after China and America).
48
The number of finance commissions set up upto now is:
Discuss
Answer & Solution
Answer: Option D
Solution:
As of December 2023, the Government of India has established 16 Finance Commissions
49
In April 1980 how many banks were nationalized?
Discuss
Answer & Solution
Answer: Option A
Solution:
In April 1980 six banks were nationalized.
50
How many Regional Rural Bank (RRBs) are working in the country till 31st March,2010?
Discuss
Answer & Solution
Answer: Option C
Solution:
82 Regional Rural Bank (RRBs) are working in the country till 31st March, 2010.