Indian Economy

1.		Which of the following is a key feature of the Indian economy?

High per capita income

Strong manufacturing sector

High rate of economic growth

Low level of income inequality

2.		Which sector contributes the most to India's GDP?

Agriculture

Manufacturing

Services

Mining

3.		Which of the following sectors of the Indian economy employs the largest number of people?

Agriculture

Manufacturing

Services

Mining

4.		Which of the following is a type of tax in India?

Sales tax

Income tax

Excise tax

All of the above

5.		Which of the following is not a feature of a mixed economy?

Private and public sectors coexist

Resources are owned by both private and public sectors

Government controls all the resources

Price mechanism is used to determine the prices of goods and services

6.		Which of the following is a primary function of the Reserve Bank of India (RBI)?

Issuing currency notes and coins

Regulating the stock market

Managing the foreign exchange reserves of India

Collecting income tax

7.		Which of the following is not a feature of a mixed economy?

Coexistence of public and private sectors

Central planning by the government

Free market forces

Emphasis on social welfare

8.		Which of the following is NOT a Five Year Plan after the liberalization of the Indian economy?

Eleventh Five Year Plan

Twelfth Five Year Plan

Thirteenth Five Year Plan

Fourteenth Five Year Plan

9.		Which of the following is not a component of India's financial system?

Banks

Insurance companies

Stock exchanges

Agricultural cooperatives

10.		Which of the following is a key objective of the National Food Security Bill?

To promote sustainable agriculture practices

To provide food security to all citizens

To reduce food waste and spoilage

To promote exports of agricultural products