Economics · Banking Financial Awareness
Indian Economy and Policy
1,777 Questions
Indian economy and policy questions cover the structural dynamics and regulatory measures shaping the national market. Topics include foreign direct investment, taxation reforms, and government initiatives for growth. This section is highly relevant for competitive exams requiring economic awareness.
Foreign direct investmentGST impactEconomic reformsTrade policyGovernment economic initiatives
Indian Economy and Policy Questions
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The presence of fresh fruit and vegetable vendors
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The lack of well developed cold chain
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The presence of a large number of discount retailers
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Many tiers in the procurement and distribution of agricultural products
A
Correct answer
Explanation
The presence of fresh fruit and vegetable vendors is NOT a key reason for slow growth of organized grocery retail - it's actually a competitive advantage they have over organized retail. The other options (lack of cold chain, discount retailers, multiple procurement tiers) ARE genuine structural barriers to organized retail growth.
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Morarji Desai
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Narayana Murthy
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Charan Singh
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Jyoti Basu
C
Correct answer
Explanation
Chaudhary Charan Singh, former Prime Minister of India, authored 'Economic Nightmare of India' outlining his views on India's economic policies. Morarji Desai, Narayana Murthy, and Jyoti Basu are not associated with this book.
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(A) Heavy demand of the same by foreign tourists
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(B) Import of Wheat from Pakistan and S.Korea
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(C) Appreciation of Rupee Value
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(D) Instability in coalition Govt. in centre
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Bharat Stage - 3
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Best Score - 3
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Best Sale - 3
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none
A
Correct answer
Explanation
BS-III stands for Bharat Stage-III, which are emission standards introduced by the Indian government to regulate air pollutants from internal combustion engines. These standards are based on European emission norms and were implemented in 2000-2005.
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Chemicals other than fertilizers
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Services sector
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Food processing
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Telecommunication
D
Correct answer
Explanation
The telecommunication sector has consistently attracted the highest FDI inflows into India over the past decade, driven by rapid mobile penetration, infrastructure expansion, and policy reforms allowing greater foreign participation.
D
Correct answer
Explanation
TRAI permitted 74% foreign direct investment in mobile television services, aligning with India's FDI policy for broadcasting services. This allows substantial foreign participation while maintaining some domestic control.
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Dr. S. Radhakrishnan
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Jawaharlal Nehru
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Dr. Rajendra Prasad
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Dr. M. Vishveshwaraya
B
Correct answer
Explanation
Jawaharlal Nehru, independent India's first Prime Minister (1947-1964), was also the first Chairman of the Planning Commission established in 1950. He championed the planned development model for India's economic growth.
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P Chindambaram
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Madhu Dandavate
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Murli Devra
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Yeshwant Sinha
A
Correct answer
Explanation
P. Chidambaram was the Commerce Minister of India in 1991 when Prime Minister P.V. Narasimha Rao initiated economic liberalization reforms that opened the Indian economy.
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tie up with other nations
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Educated people
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Corruption
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none
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Ahmedabad
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Shimla
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Hallargi
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Hyderabad
C
Correct answer
Explanation
Hallargi (Belagavi) in Karnataka hosts India's first aerospace Special Economic Zone, dedicated to aerospace and defense manufacturing. This SEZ attracts both domestic and international companies in the aviation sector.
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Peter Granger
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Jilly Cooper
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Dale Mortensen
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None of these
D
Correct answer
Explanation
The 2010 Nobel Economics Prize was awarded to Peter Diamond, Dale Mortensen, and Christopher Pissarides for their analysis of labor markets. Since none of the listed names match these actual winners, 'None of these' is correct.
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cost and military purpose
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cost
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military purposes
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none
A
Correct answer
Explanation
3G implementation in India was delayed due to a combination of high spectrum costs and military/security concerns about allocating spectrum for commercial use. The defense sector had reservations about releasing spectrum bands used for strategic purposes. Option B alone is incomplete. Option C alone is incomplete.
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domestic goods
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imported goods
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borrowed goods
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cheap goods
A
Correct answer
Explanation
'Swa' means 'self' or 'own' and 'desh' means 'country', so swadesh would be 'own country'. Swadeshi gives emphasis for consumption of domestic goods.
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poor people
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globalised markets
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western technology
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social necessity
D
Correct answer
Explanation
Under the Gandhian economic order, the character of production will be determined by social necessity, and not by personal greed.