All Exams >
UPSC >
Lucent for GK >
All Questions
All questions of Characteristics of Indian Economy for UPSC CSE Exam
Which of the following is not a factor responsible for the localization of industries in India?- a)Raw materials
- b)Market demand
- c)Skilled labor
- d)None of the above
Correct answer is option 'D'. Can you explain this answer?
Which of the following is not a factor responsible for the localization of industries in India?
a)
Raw materials
b)
Market demand
c)
Skilled labor
d)
None of the above
|
Vikram Mehta answered |
All the given factors (raw materials, market demand, skilled labor) are responsible for the localization of industries in India.
Which of the following sectors contributes the most to India's Gross Domestic Product (GDP)?- a)Manufacturing sector
- b)Service sector
- c)Agricultural sector
- d)Mining sector
Correct answer is option 'B'. Can you explain this answer?
Which of the following sectors contributes the most to India's Gross Domestic Product (GDP)?
a)
Manufacturing sector
b)
Service sector
c)
Agricultural sector
d)
Mining sector
|
|
Vikram Mehta answered |
The service sector is the largest contributor to India's GDP, accounting for a significant share of economic output.
The Planning Commission of India was replaced by which institution?- a)NITI Aayog
- b)Finance Commission
- c)Reserve Bank of India (RBI)
- d)Ministry of Finance
Correct answer is option 'A'. Can you explain this answer?
The Planning Commission of India was replaced by which institution?
a)
NITI Aayog
b)
Finance Commission
c)
Reserve Bank of India (RBI)
d)
Ministry of Finance
|
|
Vikram Mehta answered |
The Planning Commission was replaced by NITI Aayog (National Institution for Transforming India) in 2015 as the premier policy think tank of the Government of India.
India's demographic dividend refers to:- a)The economic growth due to the export of demographic data
- b)A sudden increase in the population leading to economic growth
- c)The boost in economic growth due to a youthful population
- d)The economic growth derived from the export of labor to other countries
Correct answer is option 'C'. Can you explain this answer?
India's demographic dividend refers to:
a)
The economic growth due to the export of demographic data
b)
A sudden increase in the population leading to economic growth
c)
The boost in economic growth due to a youthful population
d)
The economic growth derived from the export of labor to other countries
|
|
Vikram Mehta answered |
India's demographic dividend refers to the economic advantage that arises from having a large and youthful workforce, which can potentially drive economic growth.
Which of the following is the largest source of revenue for the Indian government?- a)Income tax
- b)Goods and Services Tax (GST)
- c)Corporate tax
- d)Customs duty
Correct answer is option 'B'. Can you explain this answer?
Which of the following is the largest source of revenue for the Indian government?
a)
Income tax
b)
Goods and Services Tax (GST)
c)
Corporate tax
d)
Customs duty
|
|
Vikram Mehta answered |
GST is the largest source of revenue for the Indian government since its implementation, as it subsumed various indirect taxes and streamlined the taxation system.
The index that measures the average changes in prices of goods and services consumed by people for their daily use is known as:- a)Wholesale Price Index (WPI)
- b)Consumer Price Index (CPI)
- c)Gross Domestic Product (GDP)
- d)Sensex
Correct answer is option 'B'. Can you explain this answer?
The index that measures the average changes in prices of goods and services consumed by people for their daily use is known as:
a)
Wholesale Price Index (WPI)
b)
Consumer Price Index (CPI)
c)
Gross Domestic Product (GDP)
d)
Sensex
|
|
Vikram Mehta answered |
CPI measures the average changes in prices of goods and services purchased by consumers, reflecting inflation or deflation trends.
The "Fiscal Deficit" of the Indian government represents:- a)The difference between total revenue and total expenditure
- b)The difference between the monetary deficit and the revenue deficit
- c)The difference between capital expenditure and revenue expenditure
- d)The difference between revenue receipts and revenue expenditure
Correct answer is option 'A'. Can you explain this answer?
The "Fiscal Deficit" of the Indian government represents:
a)
The difference between total revenue and total expenditure
b)
The difference between the monetary deficit and the revenue deficit
c)
The difference between capital expenditure and revenue expenditure
d)
The difference between revenue receipts and revenue expenditure
|
|
Vikram Mehta answered |
Fiscal deficit represents the difference between the total revenue (receipts) and total expenditure of the government.
The term "Mixed Economy" refers to:- a)An economy with a mix of agriculture and industry
- b)An economy with a mix of public and private sectors
- c)An economy with a mix of domestic and foreign trade
- d)An economy with a mix of modern and traditional industries
Correct answer is option 'B'. Can you explain this answer?
The term "Mixed Economy" refers to:
a)
An economy with a mix of agriculture and industry
b)
An economy with a mix of public and private sectors
c)
An economy with a mix of domestic and foreign trade
d)
An economy with a mix of modern and traditional industries
|
|
Vikram Mehta answered |
In a mixed economy, there is coexistence of both public sector enterprises, owned by the government, and private sector enterprises, owned by individuals or corporations.
Which of the following is NOT considered a factor affecting India's foreign trade?- a)Exchange rates
- b)Government policies
- c)Industrial growth rate
- d)Population size
Correct answer is option 'D'. Can you explain this answer?
Which of the following is NOT considered a factor affecting India's foreign trade?
a)
Exchange rates
b)
Government policies
c)
Industrial growth rate
d)
Population size
|
|
Vikram Mehta answered |
While population size can indirectly impact foreign trade, it is not considered a direct factor affecting India's foreign trade.
The "Make in India" campaign was launched to promote:- a)Foreign investments in India
- b)Domestic manufacturing and industrial growth
- c)India's tourism sector
- d)India's service sector globally
Correct answer is option 'B'. Can you explain this answer?
The "Make in India" campaign was launched to promote:
a)
Foreign investments in India
b)
Domestic manufacturing and industrial growth
c)
India's tourism sector
d)
India's service sector globally
|
|
Vikram Mehta answered |
The "Make in India" campaign was launched to encourage domestic manufacturing and industrial growth by inviting both domestic and foreign investments.
The main objective of India's Five-Year Plans is:- a)Poverty alleviation
- b)Industrial development
- c)Agricultural growth
- d)All-round development
Correct answer is option 'D'. Can you explain this answer?
The main objective of India's Five-Year Plans is:
a)
Poverty alleviation
b)
Industrial development
c)
Agricultural growth
d)
All-round development
|
|
Vikram Mehta answered |
The main objective of India's Five-Year Plans is to achieve all-round development by focusing on various sectors like agriculture, industry, infrastructure, and social welfare.
Which of the following sectors is the largest employer in India?- a)Manufacturing sector
- b)Service sector
- c)Agricultural sector
- d)Retail sector
Correct answer is option 'C'. Can you explain this answer?
Which of the following sectors is the largest employer in India?
a)
Manufacturing sector
b)
Service sector
c)
Agricultural sector
d)
Retail sector
|
|
Vikram Mehta answered |
The agricultural sector is the largest employer in India, providing livelihood to a significant portion of the population.
Which sector is the backbone of the Indian economy?- a)Agricultural sector
- b)Industrial sector
- c)Service sector
- d)Manufacturing sector
Correct answer is option 'A'. Can you explain this answer?
Which sector is the backbone of the Indian economy?
a)
Agricultural sector
b)
Industrial sector
c)
Service sector
d)
Manufacturing sector
|
|
Vikram Mehta answered |
The agricultural sector is considered the backbone of the Indian economy as it employs the majority of the population and contributes significantly to the country's GDP.
Which of the following statements about the "National Rural Employment Guarantee Act (NREGA)" is true?- a)It guarantees employment for urban youth.
- b)It provides unemployment benefits to rural workers.
- c)It ensures 100 days of wage employment for rural households.
- d)It aims to promote industrialization in rural areas.
Correct answer is option 'C'. Can you explain this answer?
Which of the following statements about the "National Rural Employment Guarantee Act (NREGA)" is true?
a)
It guarantees employment for urban youth.
b)
It provides unemployment benefits to rural workers.
c)
It ensures 100 days of wage employment for rural households.
d)
It aims to promote industrialization in rural areas.
|
|
Vikram Mehta answered |
NREGA guarantees 100 days of wage employment to rural households in India.
The "Green Revolution" in India was aimed at increasing the production of which crop?- a)Wheat
- b)Rice
- c)Cotton
- d)Pulses
Correct answer is option 'A'. Can you explain this answer?
The "Green Revolution" in India was aimed at increasing the production of which crop?
a)
Wheat
b)
Rice
c)
Cotton
d)
Pulses
|
|
Vikram Mehta answered |
The Green Revolution in India was primarily aimed at increasing wheat production to achieve food security.
Which of the following is NOT a component of the tertiary sector in India?- a)Banking and Finance
- b)Education and Healthcare
- c)Agriculture and Allied Activities
- d)Tourism and Hospitality
Correct answer is option 'C'. Can you explain this answer?
Which of the following is NOT a component of the tertiary sector in India?
a)
Banking and Finance
b)
Education and Healthcare
c)
Agriculture and Allied Activities
d)
Tourism and Hospitality
|
|
Vikram Mehta answered |
Agriculture and Allied Activities are part of the primary sector, not the tertiary sector.
Which Indian state is known as the "Sugar Bowl of India" due to its significant sugarcane production?- a)Maharashtra
- b)Uttar Pradesh
- c)Karnataka
- d)Gujarat
Correct answer is option 'B'. Can you explain this answer?
Which Indian state is known as the "Sugar Bowl of India" due to its significant sugarcane production?
a)
Maharashtra
b)
Uttar Pradesh
c)
Karnataka
d)
Gujarat
|
|
Vikram Mehta answered |
Uttar Pradesh is known as the "Sugar Bowl of India" due to its large-scale production of sugarcane and sugar mills.
Which of the following is the correct sequence of the Indian economic planning process?- a)Formulation → Implementation → Evaluation
- b)Implementation → Evaluation → Formulation
- c)Evaluation → Formulation → Implementation
- d)Formulation → Evaluation → Implementation
Correct answer is option 'D'. Can you explain this answer?
Which of the following is the correct sequence of the Indian economic planning process?
a)
Formulation → Implementation → Evaluation
b)
Implementation → Evaluation → Formulation
c)
Evaluation → Formulation → Implementation
d)
Formulation → Evaluation → Implementation
|
|
Vikram Mehta answered |
The correct sequence of the Indian economic planning process is Formulation, Evaluation, and then Implementation.
The "Hindu rate of growth" refers to:- a)Rapid economic growth during ancient India
- b)Slow economic growth during British rule
- c)Rapid economic growth after independence
- d)Slow economic growth during Mughal rule
Correct answer is option 'B'. Can you explain this answer?
The "Hindu rate of growth" refers to:
a)
Rapid economic growth during ancient India
b)
Slow economic growth during British rule
c)
Rapid economic growth after independence
d)
Slow economic growth during Mughal rule
|
|
Vikram Mehta answered |
The term "Hindu rate of growth" was coined to describe the sluggish economic growth experienced by India during the period of British rule.
The major aim of the "National Food Security Mission" launched in 2007 is to:- a)Increase food exports to other countries
- b)Promote the use of genetically modified crops
- c)Enhance food grain production in targeted districts
- d)Encourage organic farming across the country
Correct answer is option 'C'. Can you explain this answer?
The major aim of the "National Food Security Mission" launched in 2007 is to:
a)
Increase food exports to other countries
b)
Promote the use of genetically modified crops
c)
Enhance food grain production in targeted districts
d)
Encourage organic farming across the country
|
|
Vikram Mehta answered |
The National Food Security Mission aims to increase food grain production in targeted districts to achieve food security in India.
Chapter doubts & questions for Characteristics 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.
Chapter doubts & questions of Characteristics of Indian Economy - Lucent for GK in English & Hindi are available as part of UPSC CSE exam.
Download more important topics, notes, lectures and mock test series for UPSC CSE Exam by signing up for free.
Lucent for GK
643 videos|791 docs|420 tests
|
Signup to see your scores go up within 7 days!
Study with 1000+ FREE Docs, Videos & Tests
10M+ students study on EduRev
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup