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GK Questions: Indian Economy – Set 8

By
Sheerin
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Hello Aspirants. Welcome to Online General Knowledge section in Affairs cloud, which is important for all the competitive exams. We have created Some questions related to Indian GK(Economy) !!!

  1. Paper Industry in India is the ……………………….. largest paper industry in the world
    1.15th
    2.13th
    3.9th
    4.5th
    5.None of these
    Answer – 1.15th
    Explanation :
    The Indian Paper Industry is the top 15th  global players with an output of more than 6 millions tonnes annually with an estimated turnover of Rs. 150,000 millions.

  2. ………………….. is the only fertilizer under statutory price control
    1.Ammonia
    2.Urea
    3.Nitrogen
    4.Potassium
    5.None of these
    Answer – 2.Urea
    Explanation :
    The sale price of controlled fertilizers are fixed by the Government of India (Department of Agriculture & Cooperation) under the Fertilizer (Control) Order, 1985 issued under the Essential Commodities Act, 1955. At present, only urea, which is the main nitrogenous fertilizer constituting about 60% of the total fertilizer consumption in the country, is under statutory price control. With effect from 29.1.99

  3. India’s share in world trade stands at ………………….
    1.3.2%
    2.2%
    3.1.4%
    4.4.1%
    5.None of these
    Answer – 3.1.4%
    Explanation :
    India’s share of EU imports now stands at just 1.4% and tremendous potential exists to expand this share.

  4. The main component of capital account include ……………………………..
    1.Foreign Investments
    2.Loans
    3.Banking capitals
    4.All of these
    5.Only 1 and 2
    Answer – 4.All of these
    Explanation :
    The main component of capital account include Foreign Investments, Loans and Banking capitals

  5. The first fertilizer industry was set-up in 1906 in ……………………………………..
    1.Mumbai
    2.Chennai
    3.Ranipet
    4.New Delhi
    5.None of these
    Answer – 3.Ranipet
    Explanation :
    The first fertilizer manufacturing unit was set up in 1906 at Ranipet near Chennai with a production capacity of 6000 mt of Single Super Phosphate per annum

  6. Which committee was set-up to study the sugar Industry ?
    1.Kapur Committee
    2.Janaki Ram Committee
    3.Malhotra Committee
    4.BB Mahajan Committee
    5.None of these
    Answer – 4.BB Mahajan Committee
    Explanation :
    Government of India had appointed B.B. Mahajan committee to study the development and growth of sugar industry in India and other sugar producing countries and suggest modification, amendments of existing laws and control in order to increase production and efficiency.

  7. The first Indian Cement Company Limited manufactured cement in ………………………
    1.Andhra Pradesh
    2.Maharashtra
    3.Gujarat
    4.West Bengal
    5.None of these
    Answer – 3.Gujarat
    Explanation :
    India entered into the Cement Era in 1914, when the Indian Cement Company Ltd. started manufacturing Cement in Porbundar in Gujarat.

  8. The first Indian modernised cotton cloth mill was established in …………………
    1.1818
    2.1920
    3.1980
    4.1880
    5.None of these
    Answer – 1.1818
    Explanation :
    The first Indian cotton cloth mill was established in 1818 at Fort Gloaster near Kolkata, albeit this mill was a failure. The second mill which was established by KGN Daber in 1854 is called the true foundation of modern cotton industry in India. Its name was Bombay Spinning and weaving Company, Bombay.

  9. India is …………….. largest silk manufacture contributing 18% of the total raw silk production
    1.First
    2.Second
    3.Third
    4.Fourth
    5.None of these
    Answer – 2.Second
    Explanation :
    India is the second largest producer of silk and contributes about 18% to the total world raw silk production.

  10. The first paper mill in India was setup in……………………………
    1.1862
    2.1870
    3.1920
    4.1932
    5.None of these
    Answer – 1.1862
    Explanation :
    India’s first paper mill set up by John Clark Marshman which was powered by a steam engine in 1862 at Sreerampur, Paschin Banga





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