11. When was the Tata Iron & Steel Company set up at Jamshedpur?
a) 1907
b) 1911
c) 1914
d) 1921
12. In terms of size what position does the Indian economy occupy in the world?
a) 10th
b) 12th
c) 7th
d) 9th
13. When was the General Insurance Corporation of India formed?
a) 1982
b) 1972
c) 1956
d) 1935
14. Which Five-Year Plan had adopted ‘Removal of Poverty’ as its foremost objective?
a) Second
b) Third
c) Fourth
d) Sixth
15. During the financial year 2007- 08 India recorded a GDP growth of
a) 8%
b) 8.5%
c) 9.1%
d) 9.7%
16. The economic liberalization was introduced in
a) 1991
b) 1990
c) 1985
d) 1988
17. Which industry provides the largest employment in India?
a) Chemicals
b) Textiles
c) Iron and steel
d) Jute
18. The highest denomination banknote being in circulation in India is
a) 500 rupee note
b) 1000 rupee note
c) 5000 rupee note
d) 2000 rupee note
19. Which period did the First Five-year Plan cover?
a) 1947-52
b) 1951-56
c) 1950-55
d) 1952-57
20. Who finally approves the Five-Year Plan?
a) The President
b) The Prime Minister
c) The National Development Council
d) The Planning Commission
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