The 'eight core industries' in India include: MCQ with Answer and Explanation

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The 'eight core industries' in India include:

A. coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, electricity

B. agriculture, textiles, chemicals

C. IT services, banking, insurance

D. coal, petroleum, pharmaceuticals, textiles

Answer: Option A

Solution (By JKSSB Mock Tests)

The eight core industries are coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'First Five Year Plan' period was:

A. 1947-1952

B. 1951-1956

C. 1956-1961

D. 1950-1955

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Correct Answer: Option B

Explanation:
The First Five Year Plan covered 1951-1956.

This question belongs to: Economy GK Economy Set 1

Question #2

Tax revenue of the central government is classified under:

A. revenue receipts

B. borrowings

C. non-tax revenue

D. capital receipts

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Correct Answer: Option A

Explanation:
Tax revenue is a revenue receipt.

This question belongs to: Economy GK Economy Set 1

Question #3

Demand-pull inflation is caused by:

A. a fall in money supply

B. decrease in government expenditure

C. aggregate demand exceeding aggregate supply at full employment

D. an increase in production costs

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Correct Answer: Option C

Explanation:
Demand-pull inflation occurs when aggregate demand exceeds aggregate supply.

This question belongs to: Economy GK Economy Set 1

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