Indian economy miscellaneous


  1. As an export item of India, which spice occupies the top position in value ?









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    According to the latest figures, in terms of export value (in lakhs), chilli occupied first place among spices in 2013-14 (estimated). The total value of chillies was 272,227.20 lakhs, Cumin: 160,006.00 lakh, Pepper: 94,002.34 lakh, etc (Data: Spices Board of India, Union Ministry of Commerce & Industry).

    Correct Option: B

    According to the latest figures, in terms of export value (in lakhs), chilli occupied first place among spices in 2013-14 (estimated). The total value of chillies was 272,227.20 lakhs, Cumin: 160,006.00 lakh, Pepper: 94,002.34 lakh, etc (Data: Spices Board of India, Union Ministry of Commerce & Industry).


  1. India switched over to the decimal currency system in









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    India changed from the rupee, anna, pie system to decimal currency on 1 April 1957. To distinguish between the two, the coins minted between 1957 and 1964 have the legend “Naya Paisa” (“new” paisa).

    Correct Option: C

    India changed from the rupee, anna, pie system to decimal currency on 1 April 1957. To distinguish between the two, the coins minted between 1957 and 1964 have the legend “Naya Paisa” (“new” paisa).



  1. The second plan gave priority to









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    The Second Plan between years 1956-1961 was focused on development of India by establishing heavy industries under public sector. Total money allotted for this 5-year plan was 48 Billion rupees. The plan followed the Mahalanobis model of economic development.

    Correct Option: C

    The Second Plan between years 1956-1961 was focused on development of India by establishing heavy industries under public sector. Total money allotted for this 5-year plan was 48 Billion rupees. The plan followed the Mahalanobis model of economic development.


  1. India exports power to ____.









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    India’s commercial export of power to Bangladesh commenced in October 2013 with the inauguration of the Bangladesh-India Power Transmission Centre at western Bherampura, near West Bengal. India will export 500 MW of electricity daily to Bangladesh for 35 years.

    Correct Option: A

    India’s commercial export of power to Bangladesh commenced in October 2013 with the inauguration of the Bangladesh-India Power Transmission Centre at western Bherampura, near West Bengal. India will export 500 MW of electricity daily to Bangladesh for 35 years.



  1. One rupee notes are issued by the









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    While the Reserve Bank of India (RBI) has the authority to issue bank notes of denominational values of Rs. 2, Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500, Rs. 1,000, Rs. 5,000 and Rs. 10,000, the one rupee note was printed and issued by the central government. The Government of India also has the sole right to mint coins of all denominations.

    Correct Option: D

    While the Reserve Bank of India (RBI) has the authority to issue bank notes of denominational values of Rs. 2, Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500, Rs. 1,000, Rs. 5,000 and Rs. 10,000, the one rupee note was printed and issued by the central government. The Government of India also has the sole right to mint coins of all denominations.