Quiz on Indian Economy – GK GS Quiz for All Competitive Exams
31.When was National Organic Chemicals Industries Limited (NOCIL) set up?
[A] 1951
[B] 1961
[C] 1955
[D] 1957
View Answer
Correct Answer: A [1951]
Notes: The National Organic Chemicals Industries Limited (NOCIL) was established in 1961. It started the first naphtha based chemical industry in Mumbai.
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32.What is the contribution of FMCG to the GDP of India?
[A] 15%
[B] 10%
[C] 5%
[D] 20%
View Answer
Correct Answer: B [10%]
Notes: The contribution of FMCG to GDP is 10%. It is one of the fastest-growing sector and 4th largest sector in India.
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33.When was Central Consumer Protection Authority set up?
[A] 2017
[B] 2019
[C] 2020
[D] 2017
View Answer
Correct Answer: B [2019]
Notes: Central Consumer Protection Authority was set up in 2019 under the consumer protection act,2019. The headquarters of the Central Consumer Protection Authority located in New Delhi. It inquires or investigate into matters relating to violations of consumer rights or unfair trade practices.
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34.Which is the top gold producing country in the world?
[A] China
[B] USA
[C] Russia
[D] None of the above
View Answer
Correct Answer: A [China]
Notes:
The top 3 gold producing country in the world:
1. China
2. Australia
3. USA
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35.What is India’s rank in the coal production in the world?
[A] 2
[B] 3
[C] 4
[D] 5
View Answer
Correct Answer: A [2]
Notes:
The top 5 coal-producing countries are :
1. China
2. India
3. US
4. Australia
5. Indonesia
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36.Which country is the top aluminium exporter in the world?
[A] India
[B] Russia
[C] China
[D] Canada
View Answer
D [Canada]
Notes:
The top 5 aluminium producing countries are:
1. Canada
2. Netherlands
3. UAE
4. Russia
5. India
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37.Who pays FRP to sugarcane farmers?
[A] Central government
[B] State governemnt
[C] Sugar Mills
[D] None of the above
View Answer
C [Sugar Mills]
Notes: FRP is announced by the central government. It is paid by sugar mills to farmers.
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38.Which of the following is the most consumed raw material is Paper Industry?
[A] Recycled Fibre
[B] Wood
[C] Agri residues
[D] None of the above
View Answer
Correct Answer: A [Recycled Fibre]
Notes: In India, in terms of share in total production, approximately 25% are based on wood, 58% on recycled fibre and 17% on agro-residues. The geographical spread of the industry, as well as market, is mainly responsible for regional balance of production and consumption.
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39.Which state is the largest producer of bamboo in India?
[A] Assam
[B] Arunachal Pradesh
[C] Chattisgarh
[D] karnataka
View Answer
Correct Answer: A [Assam]
Notes: Assam is the largest bamboo producing state in India. Bamboo is widely used for papermaking in India. India’s annual production of bamboo is 4.6 million tonnes.
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40.Which among the following Industry is under the Champion service sectors?
1. IT
2. Tourism
3. Audio visual services
4. Legal services
5. Education services
Choose the correct option from the choices given below:
[A] 1,2 and 5 only
[B] 1,2,3 and 4 only
[C] 1,2,3 and 5 only
[D] All of the above
View Answer
Correct Answer: D [All of the above]
Notes: The 12 identified sectors are:
1. Technology & Information Technology enabled Services (IT& ITeS)
2. Tourism and Hospitality Services
3. Medical Value Travel
4. Transport, and Logistics Services
5. Accounting and Finance Services
6. Audio Visual Services
7. Legal Services
8. Communication Services
9. Construction, and Related Engineering Services
10. Environmental Services
11. Financial Services, and
12. Education Services.
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