What is privatization? A) Transfer of public sector assets to private entities B) Government regulation of private enterprises C) Increase in government ownership D) Nationalization of industries Answer: A) Transfer of public sector assets to private entities Which of the…
Introduction India’s economic relations with the Association of Southeast Asian Nations (ASEAN) have witnessed significant growth over the past few decades. The ASEAN bloc, comprising ten member countries—Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar, and Cambodia—presents immense…
What does ASEAN stand for? A) Association of Southeast Asian Nations B) Association of South Asian Nations C) Association of South-East Asia Network D) Alliance of Southeast Asian Nations Answer: A) Association of Southeast Asian Nations When was ASEAN founded?…
Introduction In the 21st century, technology has emerged as a critical driver of economic transformation across the globe. India, with its unique demographic advantages and burgeoning digital landscape, stands at the forefront of this technological revolution. As the country grapples…
Which technology has played a crucial role in enhancing agricultural productivity in India? A) Blockchain B) Artificial Intelligence C) Robotics D) Nanotechnology Answer: B) Artificial Intelligence What initiative aims to promote digital literacy in rural India? A) Digital India B)…
Introduction The gig economy, characterized by short-term contracts and freelance work, is rapidly reshaping the employment landscape in India. This paradigm shift is driven by technological advancements, changing workforce dynamics, and an evolving economic environment. The gig economy provides numerous…
Introduction NITI Aayog, or the National Institution for Transforming India, was established on January 1, 2015, replacing the Planning Commission, which had guided India's economic planning for over six decades. This shift signaled a significant transformation in how India approached…
When was NITI Aayog established? a) 2000 b) 2010 c) 2015 d) 2018 Answer: c) 2015 What does NITI in NITI Aayog stand for? a) National Institution for Transforming India b) National Initiative for Technological Innovation c) New Institution for…
Introduction India’s economic growth is often hailed as one of the most remarkable success stories of the modern world, yet there remains a significant untapped resource: its women. Women make up nearly half of India’s population, yet their contribution to…
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 is the definition of unemployment? A) Individuals who are not working and are not seeking work B) Individuals who are actively seeking work but cannot find employment C) Individuals working part-time jobs D) Individuals who have retired Answer: B…
Introduction In the context of a rapidly evolving global economy, the significance of Micro, Small, and Medium Enterprises (MSMEs) in shaping the economic landscape of India cannot be overstated. MSMEs, often referred to as the backbone of the Indian economy,…
Which of the following sectors do MSMEs primarily contribute to in India? a) Agriculture b) Manufacturing c) Services d) All of the above Answer: d) All of the above What is the primary objective of MSMEs in India? a) Maximizing…
Introduction In a rapidly evolving global economic landscape, countries strive to enhance their manufacturing capabilities to foster growth, create jobs, and increase competitiveness. India, with its demographic advantages and potential for economic expansion, has launched the "Make in India" initiative,…
What is the primary objective of the 'Make in India' initiative? A) Promote foreign investments B) Boost manufacturing in India C) Enhance agricultural productivity D) Increase service sector contributions Answer: B) Boost manufacturing in India Which year was the 'Make…
Introduction India, as a diverse nation, is home to numerous ethnic, linguistic, and religious communities. This rich tapestry of cultures presents both opportunities and challenges in maintaining social harmony and equality. The Constitution of India, enacted in 1950, serves as…
Which article of the Indian Constitution provides for the protection of the interests of minorities? A) Article 15 B) Article 30 C) Article 25 D) Article 21 Answer: B) Article 30 What does Article 29 of the Indian Constitution ensure?…
Introduction The Vice-President of India holds a significant constitutional position, embodying the ideals of democracy and governance. Established under Article 63 of the Constitution, the Vice-Presidency serves as a crucial component of India's parliamentary democracy. While the office may seem…
What is the constitutional provision regarding the election of the Vice-President of India? a) Article 63 b) Article 64 c) Article 65 d) Article 66 Answer: d) Article 66 The Vice-President of India is elected by which body? a) Lok…
Introduction Political accountability is a fundamental tenet of democracy, signifying the obligation of elected officials and public servants to act in the best interests of the citizens and be answerable for their actions. In India, where democratic governance is rooted…