Indian Economy Mixed Practice — MCQs with Answers (Set 27)

Environmental clearance, tree-felling permissions, and procedural formalities have slowed the Rs 1,000 crore Bulk Drug Park project.

Over 2,500 participants entered, with the top 100 teams — 280 people — presenting solutions in the final stage.

Singh projected India’s space economy could grow from about $9 billion to $45 billion before the decade ends.

Sites are repurposed as eco-parks, water-conservation structures, pisciculture projects, and renewable-energy sites — not new coal power plants.

The mission has set up 90 collection, branding, and packaging units, to improve storage and market access.

The correct answer is nearly 47%. India imported about 16 million tonnes of edible oil in 2024-25. Palm oil was about 7.6 million tonnes of that. Memory hook: palm is nearly half of what India buys.

27 oil palm processing mills are currently operational across India, under the NMEO-Oil Palm mission.

YES-TECH currently applies AI/ML-based yield estimation to Paddy, Wheat, and Soybean, under the Crop Insurance Scheme.

AgriStack follows the Digital Personal Data Protection Act, 2023, and its 2025 Rules, with data kept federated at the State level.

The framework was operationalised on 5 August 2026, through a DGFT notification and public notice.

In the inventory-based model, the e-commerce entity owns and directly sells the goods, unlike the marketplace model.

The SOR is the Indian manufacturer or supplier that sells goods to the Exporter-on-Record for export.

For a first offence, like false registration information, the penalty is only a warning; fines apply to later violations.

Every central public sector enterprise (CPSE) must settle MSME procurement invoices through TReDS. Central and State governments may also extend this same requirement to other public entities.

The Rajya Sabha passed it on 3 August 2026; the Lok Sabha passed it four days later, on 7 August.

Manufacturing used investment in plant and machinery; services used investment in equipment — as two separate criteria.

The answer is a digital-first governance model. The Committee backed hybrid and virtual shareholder meetings, e-voting and automated filings. One physical annual general meeting must still be held.

The answer is over 47,000 in five years. About 16,109 were simplified and 22,287 moved online. Another 4,623 were decriminalised and 4,270 were dropped outright.

The answer is a data-integrity scandal. The World Bank found data irregularities in 2020 and paused the report. It announced on 16 September 2021 that the report would be discontinued. B-READY is the new report.

The answer is 79. India stood 142nd in Doing Business 2015 and 63rd in Doing Business 2020. Questions often call this the climb from 2014 to 2019, after the data years of the two reports.

The answer is DPIIT. It began BRAP in 2014 and scores every State and Union Territory on its reforms. Seven editions are complete, the latest completed being BRAP 2024; BRAP 2026 began in November 2025.

India’s active seafarer workforce grew from about 1.03 lakh in 2013 to over 3.23 lakh in 2025, making India the world’s second-largest supplier of seafarers.

The amendment to the Payment and Settlement Systems Act, 2007, is part of the Taxation and Other Laws (Amendment) Bill, 2026.

MPEDA’s SHAPHARI certification, alongside the Export Inspection Council and the National Residue Control Plan, supports seafood export quality and traceability.