Economics: Latest Data-Based Questions MCQ
69 Economics: Latest Data-Based Questions questions, in 4 sets of up to 20. Practise with the answer and explanation after each question, or take a set as a timed test. Questions are in English and Hindi.
Sample questions
The first questions of Set 1. Open the set to answer them and see the explanations.
Q1.Government of India has notified establishment of a National Turmeric Board. Which of the following is correct statement regarding it?
- A) It will be in the state of Maharashtra.
- B) India is the largest producer, consumer and 2nd largest exporter of turmeric in the world.
- C) Largest Turmeric producing states are Maharashtra, Telangana, Karnataka and Tamil Nadu.
- D) The proposed board is to work under the aegis of Ministry of Agriculture and Farmers Welfare.
Q2.Which one is correct in the ascending order of Human Development Index (HDI) 2023-24 ranking of the following countries?
- A) Brazil, India, South Africa, China
- B) China, Brazil, South Africa, India
- C) South Africa, China, India, Brazil
- D) None of the above
Q3.Which of the statements given is incorrect about Human Development Index (HDI) 2023-24?
- A) India ranks 135 out of 193 countries.
- B) HDI is based on 3 basic dimensions of human development - Long and healthy life, Knowledge, and a decent standard of living.
- C) In comparison to other nations in the South Asia like Bhutan, Sri Lanka and Bangladesh, India has the lowest rank.
- D) None of the above
Q4.Which country’s Human Development Index rank is first as per Human Development Report 2023-24?
- A) Switzerland
- B) Iceland
- C) Sweden
- D) Norway
Q5.Which of the following States had the highest Human Development Index in 2022?
- A) Kerala
- B) Gujarat
- C) Maharashtra
- D) None of the above
Q6.Which of the following is not true for National Food Security Act?
- A) It provides legal entitlement to 67 percent of population at subsidised food
- B) It covers 75 percent of rural population and 50 percent of urban population
- C) It has only two schedules which prescribes for issue of price and nutritional standards of food
- D) All of the above are true
Q7.India is the largest producer as well as the largest consumer and importer of which of the following crops?
- A) Wheat
- B) Cotton
- C) Pulses
- D) Sugarcane
Q8.The service sector of India generates more than
- A) 33% of GDP
- B) 40% of GDP
- C) 42% of GDP
- D) 50% of GDP
Q9.As per the Economic Survey, 2023, which of the following statements describe(s) the trend of Foreign Direct Investment in India? 1. It has decreased due to the less participation of the private sector. 2. It has increased compared to the pre pandemic levels. 3. It has increased rapidly without decreasing in any Financial Year after the telecom sector was entirely reformed. 4. It has decreased due to a weak global economic situation. Select the correct answer using the codes given below.
- A) Only 1 and 3
- B) 2 and 4
- C) 1, 2 and 3
- D) Only 4
Q10.Consider the following statements about the latest developments in the Union Government finances : 1. The fiscal deficit of the Union Government had reached 9.2 percent of GDP during the pandemic FY21. 2. The fiscal deficit has moderated to 7.7 percent of GDP in FY22. 3. The revenue collection over the last two years has gone down. Which of the above statements is/are correct?
- A) Only 1
- B) 1 and 2
- C) 2 and 3
- D) None of the above