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All questions of Highlights of Indian Economy for UPSC CSE Exam
What does NPA stand for in the context of banking and finance?- a)Non-Performing Asset
- b)National Planning Agency
- c)Non-Profit Association
- d)New Public Administration
Correct answer is option 'A'. Can you explain this answer?
What does NPA stand for in the context of banking and finance?
a)
Non-Performing Asset
b)
National Planning Agency
c)
Non-Profit Association
d)
New Public Administration
|
Paradigm Institute answered |
NPA stands for Non-Performing Asset, which refers to a classification of loans or advances that have stopped generating interest income for banks due to non-payment by the borrowers.
Which sector contributes the most to India's GDP?- a)Agriculture
- b)Manufacturing
- c)Services
- d)Mining
Correct answer is option 'C'. Can you explain this answer?
Which sector contributes the most to India's GDP?
a)
Agriculture
b)
Manufacturing
c)
Services
d)
Mining
|
|
Paradigm Institute answered |
Services sector, including industries like banking, IT, tourism, and healthcare, contributes the most to India's GDP. It accounts for a significant portion of the country's economic output.
What does FDI stand for in the context of the Indian economy?- a)Foreign Development Investment
- b)Foreign Domestic Investment
- c)Foreign Direct Investment
- d)Free Development Initiative
Correct answer is option 'C'. Can you explain this answer?
What does FDI stand for in the context of the Indian economy?
a)
Foreign Development Investment
b)
Foreign Domestic Investment
c)
Foreign Direct Investment
d)
Free Development Initiative
|
|
Paradigm Institute answered |
FDI stands for Foreign Direct Investment, which refers to investments made by foreign companies or individuals in the Indian economy to establish businesses or acquire existing ones.
Which of the following is not a measure of poverty in India?- a)Tendulkar Method
- b)Rangarajan Committee Method
- c)Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)
- d)Alleviation of Poverty Scheme (APS)
Correct answer is option 'D'. Can you explain this answer?
Which of the following is not a measure of poverty in India?
a)
Tendulkar Method
b)
Rangarajan Committee Method
c)
Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)
d)
Alleviation of Poverty Scheme (APS)
|
|
Paradigm Institute answered |
Alleviation of Poverty Scheme (APSis not a measure of poverty in India. The commonly used measures of poverty in India include the Tendulkar Method, Rangarajan Committee Method, and the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).
Which Indian state is known for its high production of silk?- a)Karnataka
- b)Tamil Nadu
- c)Punjab
- d)Rajasthan
Correct answer is option 'A'. Can you explain this answer?
Which Indian state is known for its high production of silk?
a)
Karnataka
b)
Tamil Nadu
c)
Punjab
d)
Rajasthan
|
|
Paradigm Institute answered |
Karnataka is known for its high production of silk. The state's major silk-producing centers include Mysore, Bengaluru, and Ramanagara.
Which Indian company is the largest exporter of IT services?- a)Tata Consultancy Services (TCS)
- b)Infosys
- c)Wipro
- d)HCL Technologies
Correct answer is option 'A'. Can you explain this answer?
Which Indian company is the largest exporter of IT services?
a)
Tata Consultancy Services (TCS)
b)
Infosys
c)
Wipro
d)
HCL Technologies
|
Catalyst Learningacademy answered |
Tata Consultancy Services (TCS) is the largest exporter of IT services from India. It is a multinational IT services and consulting company headquartered in Mumbai.
Which is the highest decision-making body of the World Trade Organization (WTO)?- a)General Assembly
- b)Council for Trade in Goods
- c)Dispute Settlement Body
- d)Ministerial Conference
Correct answer is option 'D'. Can you explain this answer?
Which is the highest decision-making body of the World Trade Organization (WTO)?
a)
General Assembly
b)
Council for Trade in Goods
c)
Dispute Settlement Body
d)
Ministerial Conference
|
|
Catalyst Learningacademy answered |
The Ministerial Conference is the highest decision-making body of the World Trade Organization (WTO). It meets at least once every two years to discuss trade-related issues and make decisions.
Which Indian state is the largest producer of rice?- a)Andhra Pradesh
- b)Punjab
- c)Uttar Pradesh
- d)West Bengal
Correct answer is option 'D'. Can you explain this answer?
Which Indian state is the largest producer of rice?
a)
Andhra Pradesh
b)
Punjab
c)
Uttar Pradesh
d)
West Bengal
|
|
Catalyst Learningacademy answered |
West Bengal is the largest producer of rice in India. The state has favorable climatic conditions and fertile agricultural land, which contribute to its high rice production.
Which industry is known as the "Sunrise Industry" of India?- a)Textile industry
- b)IT industry
- c)Tourism industry
- d)Pharmaceutical industry
Correct answer is option 'B'. Can you explain this answer?
Which industry is known as the "Sunrise Industry" of India?
a)
Textile industry
b)
IT industry
c)
Tourism industry
d)
Pharmaceutical industry
|
|
Catalyst Learningacademy answered |
The IT industry is known as the "Sunrise Industry" of India. It has experienced significant growth and has become a major contributor to India's economy, generating employment opportunities and driving innovation.
What is the current unemployment rate in India (as of 2021)?- a)3%
- b)6%
- c)9%
- d)12%
Correct answer is option 'B'. Can you explain this answer?
What is the current unemployment rate in India (as of 2021)?
a)
3%
b)
6%
c)
9%
d)
12%
|
|
Paradigm Institute answered |
As of 2021, the unemployment rate in India was approximately 6%. However, please note that the specific unemployment rate may vary over time and based on different sources.
Which Indian economist is known as the "Father of Indian Economic Reforms"?
- a)Manmohan Singh
- b)Raghuram Rajan
- c)Montek Singh Ahluwalia
- d)PV Narsimha Rao
Correct answer is option 'D'. Can you explain this answer?
Which Indian economist is known as the "Father of Indian Economic Reforms"?
a)
Manmohan Singh
b)
Raghuram Rajan
c)
Montek Singh Ahluwalia
d)
PV Narsimha Rao
|
KS Coaching Center answered |
Manmohan Singh, the former Prime Minister of India, is often referred to as the "Father of Indian Economic Reforms." He played a crucial role in implementing economic reforms in the early 1990s.
What is the primary objective of the Goods and Services Tax (GST) in India?- a)Simplify the tax structure
- b)Increase government revenue
- c)Promote foreign investment
- d)Boost agricultural productivity
Correct answer is option 'A'. Can you explain this answer?
What is the primary objective of the Goods and Services Tax (GST) in India?
a)
Simplify the tax structure
b)
Increase government revenue
c)
Promote foreign investment
d)
Boost agricultural productivity
|
|
KS Coaching Center answered |
The primary objective of the Goods and Services Tax (GST) in India is to simplify the tax structure by replacing multiple indirect taxes with a single unified tax.
Which Indian city is known as the 'Diamond City'?- a)Surat
- b)Jaipur
- c)Hyderabad
- d)Indore
Correct answer is option 'A'. Can you explain this answer?
Which Indian city is known as the 'Diamond City'?
a)
Surat
b)
Jaipur
c)
Hyderabad
d)
Indore
|
|
KS Coaching Center answered |
Surat, located in Gujarat, is known as the 'Diamond City' of India. It is a major center for diamond cutting, polishing, and trading, contributing significantly to the diamond industry in the country.
Which economic reform policy aimed at liberalizing India's economy was implemented in 1991?- a)Make in India
- b)Swachh Bharat Abhiyan
- c)Green Revolution
- d)New Economic Policy
Correct answer is option 'D'. Can you explain this answer?
Which economic reform policy aimed at liberalizing India's economy was implemented in 1991?
a)
Make in India
b)
Swachh Bharat Abhiyan
c)
Green Revolution
d)
New Economic Policy
|
|
Catalyst Learningacademy answered |
The New Economic Policy, implemented in 1991, aimed at liberalizing India's economy by introducing economic reforms, encouraging foreign investment, and reducing government control over industries.
What is the current inflation target set by the Reserve Bank of India (RBI)?- a)4%
- b)6%
- c)8%
- d)10%
Correct answer is option 'A'. Can you explain this answer?
What is the current inflation target set by the Reserve Bank of India (RBI)?
a)
4%
b)
6%
c)
8%
d)
10%
|
|
Catalyst Learningacademy answered |
The Reserve Bank of India (RBI) has set the inflation target at 4%. It aims to maintain inflation within this range to ensure price stability and sustainable economic growth.
Which organization is responsible for formulating and implementing monetary policy in India?- a)Reserve Bank of India (RBI)
- b)Securities and Exchange Board of India (SEBI)
- c)Ministry of Finance
- d)State Bank of India (SBI)
Correct answer is option 'A'. Can you explain this answer?
Which organization is responsible for formulating and implementing monetary policy in India?
a)
Reserve Bank of India (RBI)
b)
Securities and Exchange Board of India (SEBI)
c)
Ministry of Finance
d)
State Bank of India (SBI)
|
|
Catalyst Learningacademy answered |
The Reserve Bank of India (RBI) is responsible for formulating and implementing monetary policy in India. It regulates the country's banking system and controls the money supply.
Which Indian state is the largest producer of coal?- a)Maharashtra
- b)Jharkhand
- c)Uttar Pradesh
- d)West Bengal
Correct answer is option 'B'. Can you explain this answer?
Which Indian state is the largest producer of coal?
a)
Maharashtra
b)
Jharkhand
c)
Uttar Pradesh
d)
West Bengal
|
|
Paradigm Institute answered |
Jharkhand is the largest producer of coal in India. It has abundant coal reserves and is a major contributor to the country's coal production.
Which of the following is not a stock exchange in India?- a)Bombay Stock Exchange (BSE)
- b)National Stock Exchange (NSE)
- c)London Stock Exchange (LSE)
- d)Calcutta Stock Exchange (CSE)
Correct answer is option 'C'. Can you explain this answer?
Which of the following is not a stock exchange in India?
a)
Bombay Stock Exchange (BSE)
b)
National Stock Exchange (NSE)
c)
London Stock Exchange (LSE)
d)
Calcutta Stock Exchange (CSE)
|
|
Paradigm Institute answered |
The Calcutta Stock Exchange (CSE) is one of the oldest stock exchanges in India. However, the London Stock Exchange (LSE) is not a stock exchange in India.
Which city in India is known as the financial capital of the country?- a)Delhi
- b)Kolkata
- c)Mumbai
- d)Bangalore
Correct answer is option 'C'. Can you explain this answer?
Which city in India is known as the financial capital of the country?
a)
Delhi
b)
Kolkata
c)
Mumbai
d)
Bangalore
|
|
Catalyst Learningacademy answered |
Mumbai, the capital city of Maharashtra, is known as the financial capital of India. It is home to the country's major financial institutions and stock exchanges.
Which Indian city is known as the 'Automobile Capital' of the country?- a)Pune
- b)Chennai
- c)Mumbai
- d)Gurgaon
Correct answer is option 'A'. Can you explain this answer?
Which Indian city is known as the 'Automobile Capital' of the country?
a)
Pune
b)
Chennai
c)
Mumbai
d)
Gurgaon
|
|
KS Coaching Center answered |
Pune, located in Maharashtra, is known as the 'Automobile Capital' of India. It is a major hub for automobile manufacturing and has numerous automobile companies and manufacturing plants.
Chapter doubts & questions for Highlights of Indian Economy - Lucent for GK 2025 is part of UPSC CSE exam preparation. The chapters have been prepared according to the UPSC CSE exam syllabus. The Chapter doubts & questions, notes, tests & MCQs are made for UPSC CSE 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests here.
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