1. Which of the following is a primary reason for the low female labor force participation rate (LFPR) in India? A) High education levels B) Cultural and social norms C) Lack of demand for female labor D) Excessive government intervention …
Introduction Foreign Direct Investment (FDI) has emerged as a significant driving force behind economic growth and development in India since the country embarked on economic liberalization in the early 1990s. With a large consumer base, a burgeoning middle class, and …
What does FDI stand for? a) Foreign Direct Investment b) Foreign Development Investment c) Free Direct Investment d) None of the above Answer: a) Foreign Direct Investment Which year marked a significant liberalization of FDI policies in India? a) 1991 …
Introduction Infrastructure development is the backbone of any economy, acting as a catalyst for economic growth and development. In India, a country characterized by its vast geography, diverse population, and varying levels of economic development, infrastructure plays a crucial role …
What is the primary purpose of infrastructure development in India? A) Enhancing tourism B) Economic growth and development C) Reducing population density D) Urban planning Answer: B) Economic growth and development Which of the following sectors is primarily responsible for …
Introduction Inclusive growth is a developmental approach that aims to ensure that the benefits of economic growth are distributed equitably across society. In India, a nation characterized by stark socio-economic disparities, the concept of inclusive growth has become a critical …
What is meant by ‘inclusive growth’? A) Growth that benefits only a specific group B) Growth that includes all sections of society C) Economic growth with no regard for social aspects D) Growth driven solely by urban development Answer: B) …
Introduction India’s Foreign Trade Policy (FTP) is a crucial instrument for the nation’s economic growth and development. Established in the early 1990s as part of the liberalization process, the FTP aims to promote the country’s international trade through various initiatives …
Which year was the Foreign Trade Policy (FTP) of India first introduced? A) 1991 B) 2000 C) 2015 D) 2020 Answer: A) 1991 What is the primary objective of India’s Foreign Trade Policy? A) To reduce imports B) To promote …
Introduction Poverty remains one of the most persistent challenges facing India, a nation that prides itself on being the world’s largest democracy and one of the fastest-growing economies. Despite significant economic progress, a substantial section of the Indian population still …
Which of the following is the primary objective of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)? A) To provide free education B) To ensure food security C) To guarantee 100 days of wage employment in a financial year …
Introduction India, known for its agrarian roots, has a significant portion of its population dependent on agriculture for livelihood. The sector contributes approximately 17-18% to the country’s GDP and employs about 58% of the workforce. However, the agricultural sector faces …
Which of the following is a primary objective of the Green Revolution in India? A) Reducing rural poverty B) Increasing agricultural productivity C) Promoting organic farming D) Enhancing water conservation Answer: B) Increasing agricultural productivity The Agricultural Produce Market Committee …
Introduction In the 21st century, the digital economy has emerged as a cornerstone of global development, redefining traditional economic models and creating new avenues for growth. India, with its unique demographic dividend, is at the forefront of this digital revolution. …
Which of the following best defines the digital economy? A) An economy based solely on digital currencies B) An economy that uses digital technologies to facilitate business operations C) An economy where physical currency is not used D) An economy …
Introduction The COVID-19 pandemic has reshaped economies globally, and India is no exception. Emerging as one of the world’s largest economies, India faced unprecedented challenges as the virus spread across its vast expanse. Lockdowns, economic disruptions, and a looming health …
What was the primary economic impact of the COVID-19 pandemic on India in 2020? A) Economic growth B) Recession C) Inflation D) Trade surplus Answer: B) Recession Which sector was most severely affected by the lockdown imposed due to COVID-19? …
Introduction The Indian banking system is a vital pillar of the country’s economic structure, facilitating the flow of capital, credit, and financial services that spur growth and development. With the emergence of a diverse banking ecosystem comprising public sector banks, …
Which of the following is the central bank of India? A) Reserve Bank of India (RBI) B) State Bank of India (SBI) C) Bank of India (BOI) D) Punjab National Bank (PNB) Answer: A) Reserve Bank of India (RBI) What …
Introduction The informal sector, often referred to as the unorganized sector, plays a crucial role in the Indian economy. Comprising a vast array of businesses and workers, this sector is characterized by the absence of formal contracts, regulatory oversight, and …
What is the primary characteristic of the informal sector? A) High wages B) Lack of formal contracts C) Government regulation D) Limited employment opportunities Answer: B) Lack of formal contracts Which of the following is NOT typically a part of …