MCQ for Indian Economy
1. Which one is not the characteristic feature of Indian Economy?
a) Low Per capita Income
b) Poor Socio-economic overhead
c) High urbanization
d) Low Capital formation
2. Which one of the following statement is correct in the context of Indian
Economy?
a) Agricultural sector contributes highest percentage in Country’s GDP.
b) Agricultural Productivity in India is higher than the agricultural
productivity of Developed Economies.
c) Capital formation in India is high as compared to the developed
economies.
d) Rural population percentage is higher than urban population percentage
in India.
3. Foreign capital is required to:
a) Increase investment
b) To meet the deficit in balance of payment
c) To accelerate the growth of Infrastructure
d) For all the above reasons
4. Foreign Portfolio investment is done in:
a) Shares and debentures
b) Bank deposits
c) FDI
d) None of these
5. What is the full form of SEZ?
a) Special Economic Zone
b) Special Electronic Zone
c) Social Elements Zone
d) Non of these
Answers
Answer:
1. b
2.d
3. d.
4. a
5. a
Explanation:
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Answer:
1) (c) High Urbanisation
2) (d) Rural population percentage is higher than urban population percentage in India.
3) (d) For all the above reasons.
4) (a) Shares and debentures
5) (a) Special Economic Zone
1) Indian economy does not boast a high urbanisation rate as the countrie is characterised by very low level of lvivng and lack of infrastructure.
2) As per 2020, almost 66% of India's population of a 118 billion people resides in rural areas.
3) Influx of Foreign Capital in a countries economy paves way to accelerate the infrastructure available, reduces the deficit in payments and increases investment opportunities.
4) FPI is when an Investor buys foreign financial assets that involves an array of assets such as fixed deposits and shares and stocks.
5) A Special Economic Zone or SEZ is an area demarcated by the government which houses different trade laws as compared to the rest of the country.