Practice Quiz :- 37

1. The economic liberalization was introduced in
a) 1991
b) 1990
c) 1985
d) 1988
2. Which industry provides the largest employment in India?
a) Chemicals
b) Textiles
c) Iron and steel
d) Jute

Ans.b) Textiles

3. The highest denomination banknote being in circulation in India is
a) 500 rupee note
b) 1000 rupee note
c) 5000 rupee note
d) 2000 rupee note

Ans.b) 1000 rupee note

4. Which period did the First Five-year Plan cover?
a) 1947-52
b) 1951-56
c) 1950-55
d) 1952-57
5. Who finally approves the Five-Year Plan?
a) The President
b) The Prime Minister
c) The National Development Council
d) The Planning Commission

Ans.c) The National Development Council

6. When was the Decimal currency system introduced in India?
a) January 1955
b) April 1955
c) April 1951
d) April 1957

Ans.d) April 1957

7. The Indian rupee is a legal tender in two other countries. One is Nepal. The other is
a) Pakistan
b) Sri Lanka
c) Bhutan
d) Afghanistan
8. Kerala’s shores are famous for the deposits of
a) Copper
b) Coal
c) Thorium
d) Iron ore
9. Which of the following taxes is the largest source of revenue for the Government of India?
a) Excise
b) Customs
c) Income tax
d) Corporation tax
10. The National Stock Exchange (NSE) is located at
a) Mumbai
b) New Delhi
c) Madras
d) Calcutta