Indian Economy and Industries

Description: This quiz covers various aspects of the Indian economy and industries, including sectors, policies, and challenges.
Number of Questions: 15
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Tags: indian economy industries sectors policies challenges
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Which sector is the largest contributor to India's GDP?

  1. Agriculture

  2. Industry

  3. Services

  4. Manufacturing


Correct Option: C
Explanation:

The services sector, which includes industries such as finance, real estate, and tourism, is the largest contributor to India's GDP.

Which industry is the largest employer in India?

  1. Agriculture

  2. Manufacturing

  3. Services

  4. Construction


Correct Option: A
Explanation:

Agriculture is the largest employer in India, providing employment to a significant portion of the population.

What is the main objective of the Make in India initiative?

  1. To attract foreign investment

  2. To promote domestic manufacturing

  3. To create jobs

  4. To boost exports


Correct Option: B
Explanation:

The Make in India initiative aims to promote domestic manufacturing and reduce India's reliance on imports.

Which sector has been identified as a key driver of economic growth in India?

  1. Agriculture

  2. Manufacturing

  3. Services

  4. Information Technology


Correct Option: D
Explanation:

The Information Technology sector has been identified as a key driver of economic growth in India due to its potential to create jobs and boost exports.

What is the main challenge faced by the Indian economy?

  1. High unemployment

  2. Inflation

  3. Fiscal deficit

  4. Current account deficit


Correct Option: D
Explanation:

The current account deficit is a major challenge faced by the Indian economy, as it reflects the gap between the value of imports and exports.

Which policy was introduced to promote foreign investment in India?

  1. Foreign Direct Investment (FDI) policy

  2. Make in India initiative

  3. Startup India initiative

  4. Digital India initiative


Correct Option: A
Explanation:

The Foreign Direct Investment (FDI) policy was introduced to promote foreign investment in India by simplifying the process and providing incentives to investors.

What is the main objective of the Startup India initiative?

  1. To promote entrepreneurship

  2. To create jobs

  3. To boost innovation

  4. To attract foreign investment


Correct Option: A
Explanation:

The Startup India initiative aims to promote entrepreneurship and create a conducive environment for startups to thrive.

Which sector has been identified as a key area for investment under the Digital India initiative?

  1. Manufacturing

  2. Agriculture

  3. Services

  4. Information Technology


Correct Option: D
Explanation:

The Information Technology sector has been identified as a key area for investment under the Digital India initiative, with the aim of transforming India into a digitally empowered society.

What is the main objective of the Goods and Services Tax (GST)?

  1. To simplify the tax system

  2. To reduce tax evasion

  3. To boost economic growth

  4. To promote exports


Correct Option: A
Explanation:

The main objective of the Goods and Services Tax (GST) is to simplify the tax system by replacing multiple indirect taxes with a single tax.

Which industry has been identified as a key area for development under the National Manufacturing Policy?

  1. Automobile

  2. Pharmaceuticals

  3. Electronics

  4. Textiles


Correct Option: A
Explanation:

The Automobile industry has been identified as a key area for development under the National Manufacturing Policy, with the aim of making India a global hub for automobile manufacturing.

What is the main challenge faced by the Indian manufacturing sector?

  1. High cost of labor

  2. Lack of infrastructure

  3. Competition from imports

  4. Lack of skilled labor


Correct Option: D
Explanation:

The main challenge faced by the Indian manufacturing sector is the lack of skilled labor, which hinders the productivity and competitiveness of the sector.

Which industry is the largest contributor to India's exports?

  1. Agriculture

  2. Manufacturing

  3. Services

  4. Information Technology


Correct Option: C
Explanation:

The services sector is the largest contributor to India's exports, with industries such as software services and tourism playing a significant role.

What is the main objective of the National Skill Development Mission?

  1. To train the workforce

  2. To create jobs

  3. To promote entrepreneurship

  4. To attract foreign investment


Correct Option: A
Explanation:

The main objective of the National Skill Development Mission is to train the workforce and provide them with skills that are in demand in the labor market.

Which industry has been identified as a key area for investment under the Smart Cities Mission?

  1. Transportation

  2. Energy

  3. Water

  4. Waste Management


Correct Option: A
Explanation:

Transportation has been identified as a key area for investment under the Smart Cities Mission, with the aim of improving urban mobility and reducing traffic congestion.

What is the main objective of the Pradhan Mantri Jan Dhan Yojana scheme?

  1. To provide banking services to the poor

  2. To promote financial inclusion

  3. To reduce poverty

  4. To create jobs


Correct Option: A
Explanation:

The main objective of the Pradhan Mantri Jan Dhan Yojana scheme is to provide banking services to the poor and unbanked population of India.

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