Question Detail

Which industry is the largest ?

Handloom
Sports
Music
Textile

Answer: Option D

Explanation:

Textile industry is the largest industry in the country. The share of Textile and clothing in total industrial production is approx 14%. It provides employment to more than 350 lakh people.

1. What is FEMA ?

First Exchange Management Act
Foreign Exchequer Management Act
Foreign Exchange Management Act
Foreign Evaluation Management Act

Answer: Option C

Explanation:

FEMA is Foreign Exchange Management Act, it came into force in July 2000. It replaced Foreign Exchange Regulation Act 1973.

2. How much population is living below poverty line in India ?

Approx 24%
Approx 25%
Approx 26%
Approx 27%

Answer: Option C

3. The progress in increase of fish production was called

Yellow revolution
White revolution
Brown revolution
Blue revolution

Answer: Option D

4. Which is the most important source of income for Government of India ?

Interest
Licence fee
Income tax
Excise duty

Answer: Option D

5. Exise duty is imposed on

Sale of an item
Production of an item
Consumption of an item
All of above

Answer: Option B

Explanation:

Exise duty is imposed on Production of an item so it is a commodity tax.