Indian Economy : General Knowledge Questions and Answers

Q61. Depreciation is an annual allowance for the wear and tear of___________

[A] finished goods

[B] land

[C] capital goods

[D] work in progress

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Correct Answer: capital goods


Q62. MODVAT is related to

[A] Wealth Tax

[B] Income Tax

[C] Excise Tax

[D] Sales Tax

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Correct Answer: Excise Tax


Q63. Economics deals primarily with the concept of

[A] Scarcity

[B] Poverty

[C] Banking

[D] Money

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Correct Answer: Scarcity


Q64. The implementation of Jawahar Rojgar Yojana rests with

[A] State Government

[B] Gram Panchayat

[C] Union Government

[D] District Collector

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Correct Answer: Gram Panchayat


450+ Indian Economy Quiz Questions & Answers


Q65. Which of the following is most urbanised State of India?

[A] Goa

[B] Tamil Nadu

[C] Maharashtra

[D] Mizoram

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Correct Answer: Goa


Q66. Hindu rate of growth refers to the rate of growth of

[A] Foodgrains

[B] Per captain income

[C] GDP

[D] Population

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Correct Answer: GDP


Q67. Which sector of Indian Economy contributes largest to the Gross National Product?

[A] Tertiary sector

[B] Primary sector

[C] Public Sector

[D] Secondary sector

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Correct Answer: Tertiary sector


Q68. Which sector of Indian Economy has shown remarkable expansion during the last decade?

[A] Tertiary Sector

[B] Mining Sector

[C] Primary Sector

[D] Secondary Sector

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Correct Answer: Tertiary Sector


Q69. Which of the following is a project to develop watersheds in India?

[A] NWDPRA

[B] AVARD

[C] DRDO

[D] CARE

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Correct Answer: NWDPRA


Q70. Where is the Rail Wheel Factory situated?

[A] Yelahanka

[B] Hampi

[C] Yelahanka

[D] Gulbarga

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Correct Answer: Yelahanka


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