Indian Economy Questions and Answers

Answer: A

The company was Oil India Limited.

Oil India Limited (OIL), the public sector oil and gas explorer best known for its fields in Assam, had been diversifying into renewable energy, and in 2015 it announced the commissioning of wind energy projects of 54 MW capacity located in Gujarat and Madhya Pradesh, adding to its earlier wind farms in Rajasthan.

The other options are not the answer. ONGC is the larger state explorer but this commissioning was OIL's. SAIL is a steel maker, not an oil company. Reliance is a private group and the news item named the public sector OIL.

Answer: D

The keyed year is 2008.

The Rajasthan State Petroleum Corporation Limited was set up by the state government in 2008 as its company for the oil and gas sector, to take part in exploration and development of the hydrocarbon resources found in western Rajasthan, such as the Barmer and Jaisalmer basins.

2000, 2004 and 2006 are earlier than the year the corporation was constituted.

Answer: C

The Anta power project is based on Gas.

The Anta gas power station of NTPC, in Baran district, is a combined-cycle plant that runs on natural gas supplied through the HBJ pipeline.

Rajasthan's coal-based plants include Kota and Suratgarh thermal stations, its atomic power station is at Rawatbhata, and its hydro power comes mainly from the Chambal dams. Anta is none of these.

Answer: B

Rajasthan Road Vision 2025 was prepared by the Public Works Department.

Roads in the state other than national highways are the responsibility of the Rajasthan Public Works Department, which drew up the Road Vision 2025 document as its long-term plan for developing the state's road network.

The Border Roads Organisation builds roads in border and strategic areas, NHAI develops and maintains national highways, and NITI Aayog is the Union government's policy think tank. None of them prepares the state's own road plan.

Answer: B

The white revolution in Rajasthan started in 1970.

The white revolution was the drive to raise milk production through cooperative dairying. Its national programme, Operation Flood, was launched in 1970 by the National Dairy Development Board, and Rajasthan's dairy cooperative network grew under it.

1950 and 1960 are before Operation Flood began, and 1980 is when its later phase was under way, not when it started.

Answer: C

The largest contribution to Rajasthan's GSVA comes from agriculture.

Agriculture, taken with livestock, forestry and fisheries, is the largest single sector of Rajasthan's economy, contributing roughly a quarter of the state's gross value added. Livestock is especially important in Rajasthan, which has one of the largest animal populations in the country.

Construction, transport and the trade, hotels and restaurants group are each important parts of industry and services, but each contributes a much smaller share than agriculture.

Answer: D

The scheme not listed is the Mukhyamantri Nari Vandana SVANidhi Yojana.

The three others are real credit-linked schemes in which banks fund or support beneficiaries: the Deendayal Antyodaya Yojana (National Rural Livelihoods Mission) links self-help groups to bank credit, the PM-Mudra Yojana gives loans to micro enterprises, and Rajasthan's Mukhyamantri Nari Shakti Udyam Protsahan Yojana helps women entrepreneurs obtain bank loans.

'Nari Vandana SVANidhi' combines the name of the central PM SVANidhi scheme for street vendors with an invented prefix; there is no scheme by that name, so it cannot be among the bank-supported programmes listed.

Answer: B

NAFED stands for National Agricultural Co-operative Marketing Federation (of India).

Founded in 1958, NAFED is the apex organisation of marketing cooperatives for agricultural produce. It procures pulses, oilseeds and other crops at minimum support prices and helps market farmers' produce.

The other expansions change 'Agricultural' to 'Animal' or 'Marketing' to 'Management'; NAFED deals with marketing of agricultural produce.

Answer: C

Asia's first Export Processing Zone was set up at Kandla.

The Kandla Free Trade Zone in Gujarat, set up in 1965, was the first export processing zone in Asia. It was created to promote exports by giving units duty-free imports and simplified procedures.

The Santa Cruz Electronics EPZ in Mumbai came later, in 1973, and the zones at Cochin and Chennai followed in the 1980s. Kandla's zone was later converted into a Special Economic Zone.

Answer: A

The answer is 88.18 km, less.

Official state figures put Rajasthan's road density in March 2023 was 88.18 km per 100 sq km. The state's figure has risen steadily, from about 77 km in 2019 to about 93 km in 2024, but it remains well below the national road density, which is more than twice as high.

Rajasthan is India's largest state by area, with vast thinly populated desert districts, so its roads are spread over far more land than the national average. That rules out 'more', and 98.18 km is not the reported figure.