Indian Economy Questions Answers

• 8. Abid Husain Committee is related to ?

  1. Reform in taxes
  2. Reform in government projects
  3. Reform in small industries
  4. Reform in middle level industries

  Answer :

  Option C

• 9. Industrial Credit and Investment Corporation of India (ICICI) was established in :

  1. 1989
  2. 1990
  3. 1991
  4. 1992

  Answer :

  Option C

• 10. Small Industries Development Bank of India (SIDBI) was established in :

  1. 1986
  2. 1987
  3. 1988
  4. 1989

  Answer :

  Option D

  Explanation:

  Small Industries Development Bank of India (SIDBI) was established in 1989. Its main function is to provide assistance to small scale industries through state finance corporations, state industrial development corporations, commercial banks etc.

• 11. National Agriculture Insurance Scheme was implemented on

  1. Oct. 1997
  2. Oct. 1998
  3. Oct. 1999
  4. Oct. 2000

  Answer :

  Option C

• 12. Contribution of agriculture to Gross National Product is approximately ?

  1. 14%
  2. 15%
  3. 16.5%
  4. 17.5%

  Answer :

  Option D

• 13. How much population is living below poverty line in India ?

  1. Approx 24%
  2. Approx 25%
  3. Approx 26%
  4. Approx 27%

  Answer :

  Option C

• 14. On which position India is, if we talk about production of vegetables ?

  1. First
  2. Second
  3. Third
  4. Fourth

  Answer :

  Option B

  Explanation:

  On First it is China.