Economics Important Questions

Indian Economics GK

Q.22 Which of the following plans aimed at improving the standard of living?

(A) Third Plan     

(B) Fourth Plan

(C) Fifth Plan      

(D) Sixth Plan

Q.23 At which of the following places was the mining of coal started in 1774?

(A) Chhindwara 

(B) Dhanbad

(C) Ranchi            

(D) Raniganj

Q.24 In which of the following years were the cocking coals and non-cocking coal mines in India nationalized?

(A) 1971 and 1972 repetitively

(B) 1972 and 1973 respectively

(C) 1973 and 1974 respectively

(D) 1970 and 1972 respectively

Q.25 Which Indian state has the largest number of cotton textile mills?

(A) Madhya Pradesh       

(B) Maharashtra

(C) Gujarat          

(D) West Bengal

Q.26 Minor ports like Kakinada, Machilipatnam, Bheemunipatnam and Krishnapatnam are in which of the following states?

(A) Tamil Nadu  

(B) Andhra Pradesh

(C) Maharashtra               

(D) Karnataka

Q.27 Who was the first administrator-statesman to attempt planning as a means for economic development?

(A) Sir CP Ramaswami Aiyyar

(B) M Viswesvarayya

(C) VT Krishnamachari

(D) C Rajagopalachari

Q.28 An economy is at the take off stage on its path to development when it

(A) becomes stagnant

(B) begins steady growth

(C) is liberalized

(D) gets maximum foreign aid

Q.29 Which of the following is the basic characteristic of Oligopoly?

(A) a few sellers, one buyer

(B) a few sellers, many buyers

(C) a few sellers, a few buyers

(D) many sellers, a few buyers

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