Indian Economy GK Questions
11. What is the FDI allowed under direct route in the chemical industry?
[A] 100
[B] 71
[C] 51
[D] 49
A [100]
otes:
100% FDI is allowed under direct route in chemical sector except for Hazardous chemicals.
12. What is India’s rank in the sponge Iron production in the world?
[A] 2
[B] 3
[C] 1
[D] 4
C [1]
Notes:
India is the largest producer of sponge iron in the world. Direct reduced iron (DRI) is also called sponge iron which is produced from the direct reduction of iron ore (in the form of lumps, pellets, or fines) to iron by a reducing gas or elemental carbon produced from natural gas or coal.
13. Where is the Headquarters of World Steel Association located?
[A] Hague
[B] New York
[C] Beiing
[D] Brussels
D [Brussels]
Notes:
The world steel association is the international trade body for the iron and steel industry. Its headquarters is at Brussels, Belgium. It was founded in 1967.
14. Who wrote the book Development as Freedom?
[A] Raghuram Rajan
[B] Abhijeet Banerjee
[C] Amartya Sen
[D] None of the above
C [Amartya Sen]
Notes:
Amartya Sen, the Nobel Laureate in Economics, wrote the book Development as Freedom.
15. Where is Central Pulp & Paper Research Institute located?
[A] Uttar Pradesh
[B] Madhya Pradesh
[C] Maharashtra
[D] Odisha
A [Uttar Pradesh]
Notes:
The Central Pulp and Paper Research Institute (CPPRI), Saharanpur, an autonomous body under the administrative control of the Ministry of Commerce & Industry was set up on 11 November, 1980 under the Societies Registration Act, 1860. It is situated in Uttar Pradesh.
16. Which Indian city is known as the healthcare capital of India?
[A] Chennai
[B] Mumbai
[C] Hyderbad
[D] Pune
A [Chennai]
Notes:
Chennai is known as healthcare capital of India. India has lot of medical tourism and most patients visit Chennai over other cities.
17. The basic principle to decide the Minimum Support Prices in India is that they are around ___times of the production cost?
[A] 1.5
[B] 1.8
[C] 2.2
[D] 2.2
A [1.5]
Notes:
Union Budget for 2018-19 had announced that MSPs would be kept at the level of 1.5 times of the cost of production. Production cost includes all paid out costs such as those incurred on account of hired human labour, bullock labour/ machine labour, rent paid for leased in land, expenses incurred on use of material inputs like seeds, fertilizers, manures, irrigation charges, depreciation on implements and farm buildings, interest on working capital, diesel/electricity for operation of pump sets etc, miscellaneous expenses & imputed value of family labour.
18. Who among the following owns LIC?
[A] RBI
[B] SBI and RBI
[C] Government of India
[D] None of the above
C [Government of India]
Notes:
Life Insurance Corporation of India(LIC) was established in 1956. LIC is an Indian state-owned insurance group and investment company headquarters in Mumbai. It is the largest insurance company in India.
19. What is India’s rank in the world bank’s Logistics performance Index?
[A] 32
[B] 44
[C] 28
[D] 40
B [44]
Notes:
India’s rank in the world bank’s Logistics performance Index is 44. Germany is at 1.
20. What is India’s rank in terms of aviation market size?
[A] 4
[B] 6
[C] 3
[D] 7
D [7]
Notes:
According to International Air Transport Association(IATA) India is the seventh-largest aviation market in the world.
