The 'Make in India' initiative targets increasing the share of manufacturing in GDP to what percentage? MCQ with Answer and Explanation

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The 'Make in India' initiative targets increasing the share of manufacturing in GDP to what percentage?

A. 25%

B. 15%

C. 40%

D. 30%

Answer: Option A

Solution (By JKSSB Mock Tests)

Make in India aims to raise manufacturing's share of GDP to 25%.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Imperial Bank of India' was created in 1921 by merging three presidency banks: Bank of Bengal, Bank of Bombay and:

A. Bank of Calcutta

B. Punjab National Bank

C. Bank of Madras

D. Allahabad Bank

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Correct Answer: Option C

Explanation:
The Imperial Bank of India was formed by merging Bank of Bengal, Bank of Bombay and Bank of Madras.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Employees' State Insurance Corporation' provides medical benefit to insured workers from:

A. first day of employment

B. day one of insurable employment for certain benefits

C. after one year

D. after retirement

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Correct Answer: Option B

Explanation:
ESIC medical benefit is available from day one of insurable employment.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the Keynesian framework, the paradox of thrift states that:

A. Thrift is always beneficial for economic growth

B. Saving always equals investment automatically

C. An increase in saving by all individuals may lead to a fall in aggregate income and saving

D. An increase in saving by all individuals leads to higher aggregate saving and income

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Correct Answer: Option C

Explanation:
The paradox of thrift argues that if everyone tries to save more during a recession, aggregate demand falls, leading to lower income and ultimately lower total saving.

This question belongs to: Economy GK Economy Set 1

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