Deck 5: Economic and Energy- India

Question 1

The main source of foreign capital in India is

A)Loans from abroad
B)None of the above
C)Foreign direct investment
D)Both A and C

Answer 1

Both A and C

Question 2

In which among the following year the MRTP act become effective

A)1980
B)1960
C)1970
D)1990

Answer 2

1970

Question 3

LQP raj refers to

A)license, quota, Privatisation raj
B)liberalisation, quota, permit raj
C)license, quota, permit raj
D)license, quarter, Privatisation raj

Answer 3

license, quota, permit raj

Question 4

Which act was removed under NEP

A)MRMP
B)MDPE
C)MRRP
D)MRTP

Question 5

The NEP in 1991 was initiated by the

A)Prime Minister
B)Foreign Minister
C)Home Minister
D)Finance Minister

Question 6

There are three industries which are reserved for the public sector except

A)Railway transport
B)Atomic energy
C)Defence equipment
D)Electricity

Question 7

During the economic crisis, the World bank and IMF provided India a loan of

A)7 billion
B)5 billion
C)8 billion
D)6 billion

Question 8

PSU is

A)Producing sector undertaking
B)None of the above
C)Public sector undertaking
D)Private sector undertaking

Question 9

Selling off the share of public sector companies to the private individuals and institutions is known as

A)Amendments
B)Delicensing
C)Dereservation
D)Disinvestment

Question 10

The most urgent problem which prompted the introduction of the New Economic Policy in 1991 was

A)Foreign exchange crisis
B)All of these
C)Poor performance of public sector
D)High tax rate leading to tax evasion

Question 11

Which programme was launched in 2006 with objective of correcting regional imbalances in provision of healthcare?

A)Pradhan Mantri Swasthya Suraksha Yojna
B)National Rural Health mission
C)Janani Suraksha Yojna
D)Integrated Disease Surveillance

Question 12

All the support structures which facilitates development of a country constitute its (1)

A)Construction
B)Infrastructure
C)Manufactures
D)None of the above

Question 13

Who gives the final approval to the five-year plans of India?

A)National Development Council (NDC)
B)Ministry of Finance
C)Planning Commission (now NITI Aayog)
D)President of India

Question 14

Which programme given the slogan of Garibi Hatao?

A)7th five-year plan
B)3rd five-year plan
C)6th five-year plan
D)5th five-year plan

Question 15

Consider the following statements about India's energy mix:
1) Coal is the source of more than 50% energy needs.
2) Renewable sources of energy contribute more than 15% of energy requirements of India. Which of the statements given above is/are correct?

A)1`only
B)2 only
C)Both 1 and 2
D)Neither 1 nor 2

Question 16

Despite having large reserves of coal, why does India import millions of tonnes of coal?
1) It is the policy of India to save its own coal reserves for the future and import it from other countries for the present use.
2) Most of the power plants in India are coal based, and they are not able to get sufficient supplies of coal from within the country.
3) Steel companies need a large quantity of coking coal, which has to be imported. Which of the statements given above is/are correct?

A)1`only
B)2 and 3 only
C)1 and 3 only
D)1, 2, and 3

Question 17

When was the first train streamed off in India?

A)1848
B)1853
C)1875
D)1880

Question 18

Which of the following produces maximum crude petroleum in India at present?

A)Assam
B)Gujarat
C)Off-shore BOMBAY High
D)Coastal Tamil Nadu

Question 19

Which one of the following is an abiotic and renewable resource?

A)iron ore
B)livestock
C)water
D)forest

Question 20

Which kind of power accounts for the largest share of power generation of India?

A)hydro-electricity
B)thermal
C)nuclear
D)solar

Question 21

Which one of the following is the oldest oil refinery in India?

A)Digboi
B)Koyali
C)Haldia
D)Mathura

Question 22

The oil and natural gas commission was set up in?

A)1956
B)1959
C)1961
D)1965

Question 23

The conventional source of energy are

A)Non- Commercial
B)Commercial Source
C)Both
D)None of the above

Question 24

The word 'Health' means

A)Ability to realize one's potential
B)Absence of disease
C)Both
D)None of the above

Question 25

What is the FDI allowed for Urban Infrastructure?

A)49
B)100
C)75
D)51