Which among the following does not belong to India's major large scale industries?
 A. Cotton textile industry
 B. Iron and steel industry
 C. Jute industry	
 D. Khadi and village industry
 ANSWER: D

Which industry provides employment to weavers at home as a cottage industry?
 A. Silk
 B. Handspun Khadi
 C. Jute	
 D. None of these
 ANSWER: B

Why is there a need to always import cotton?
 A. Obsolete machinery
 B. Increasing demand
 C. Shortage in the home market	
 D. Poor quality in the domestic market
 ANSWER: A

What challenge does the Jute industry face in India?
 A. Poor labour turnover
 B. Low productivity of labour
 C. Poor market price	
 D. Competition from synthetic substitutes
 ANSWER: D

Which out of the following industries helps in the manufacturing of telephones, computers, radars, etc.?
 A. Aluminium
 B. Information technology
 C. Steel	
 D. Electronics
 ANSWER: D

Who was the chief architect of Green Revolution that significantly improved the agricultural yield in the country?
 A. V Kurien
 B. MS Swaminathan
 C. JP Narayan
 D. Baba Amte
 ANSWER: B

Which state has the highest percentage of people living below the poverty line?
 A. Uttar Pradesh
 B. Orissa
 C. Bihar
 D. Madhya Pradesh
 ANSWER: B

Which of the following is the Central bank of India?
 A. State Bank of India
 B. Reserve bank of India
 C. Imperial Bank of India
 D. Punjab National bank
 ANSWER: B

The Reserve Bank of India came into existence on
 A. April 1, 1936
 B. January 26, 1894
 C. August 15, 1947
 D. April 1, 1947
 ANSWER: A

The economic liberalization was introduced in
 A. 1991
 B. 1985
 C. 1988
 D. 1994
 ANSWER: A

Who is the ex-officio chairman of Planning Commission?
 A. Prime Minister
 B. Finance Minister
 C. Defense Minister
 D. External Affairs Minister
 ANSWER: A

The Indian economy is
 A. Capitalist economy
 B. Socialist economy
 C. Mixed economy
 D. Fedral economy
 ANSWER: C

When did India become a member of the IMF?
 A. 1947
 B. 1956
 C. 1960
 D. 1951
 ANSWER: A

Which of the following is entrusted with the task of receiving all money on behalf of the Government as also with the task of making payments on their behalf?
 A. State Bank of India
 B. RBI
 C. PNB
 D. Ministry of Finance
 ANSWER: B

When was the International Monetary Fund (IMF) established?
 A. 1944
 B. 1945
 C. 1948
 D. 1950
 ANSWER: A