Indian Economy Mixed Practice — MCQs with Answers (Set 38)

Because Mittal is not a British citizen, his KBE is honorary — it recognised his UK investments but does not confer the title ‘Sir,’ unlike a substantive knighthood given to a UK citizen.

Mittal won the mobile telephony licence for Delhi in 1992, as India began liberalising its telecom sector, then launched Bharti Airtel in 1995.

At 18, Sunil Bharti Mittal started a small bicycle-parts manufacturing business, using money borrowed from his father. He later moved into importing generators, then telecom.

Narayana Murthy first proposed a 70-hour work week in 2023, then raised this to 72 hours in a 2025 interview, matching China’s ‘996’ schedule (9am-9pm, six days a week).

The CCEA cut permissible broken-grain content from 25% to 10% for raw rice, and from 16% to 5% for parboiled rice.

Narayana Murthy conceived and implemented the Global Delivery Model, splitting project work across teams in different countries — a practice that became standard across India’s IT services sector.

Infosys’s shares listed at Rs 95 in 1993, and trading opened at Rs 145. $34 was the separate price per American Depositary Share when Infosys later listed on NASDAQ in 1999, not its Indian listing figures.

In March 1999, Infosys became the first India-registered company listed on an American stock exchange (NASDAQ: INFY).

Narayana Murthy and six other engineers founded Infosys in 1981, with just Rs 10,000 borrowed from his wife, Sudha Murthy.

Biocon’s 2004 IPO was the first Indian biotech company to go public, and was oversubscribed 33 times.

Biocon began as an industrial enzymes business; in 1979 it became the first Indian company to export enzymes to the US and Europe. It only moved into insulin and biosimilars later.

Kiran Mazumdar-Shaw founded Biocon in 1978, at age 25, in the garage of her rented house in Bengaluru.

Ratan Tata returned as interim chairman after Cyrus Mistry’s October 2016 removal, before handing over permanently to N. Chandrasekaran in January 2017 and becoming Chairman Emeritus.

Tata Trusts hold about 66% of Tata Sons’ equity, mostly through the Sir Dorabji Tata Trust (about 28%) and the Sir Ratan Tata Trust (about 24%) — making the philanthropic trusts, not any individual, the group’s real controlling shareholder.

In 2008, Tata Motors acquired Jaguar and Land Rover from Ford, and separately launched the Tata Nano, marketed then as the world’s cheapest car.

Ratan Tata took over from JRD Tata as chairman of Tata Sons in 1991. He was a relative from another branch of the family. He was not JRD’s nephew and not his son.

PM-KISAN was launched in February 2019, with payments made effective retroactively from 1 December 2018.

Seven future high-speed rail corridors, covering nearly 4,000 km, are expected to attract around ₹16 lakh crore in investment.

White Revolution 2.0 targets 75,000 new DCS; 24,097 had been formed as of the 5 August 2026 Lok Sabha reply.

The correct answer is 1998. PIB says India has ranked first among the world’s milk producers since 1998. Output was 247.87 million tonnes in 2024-25, about 25% of the world’s milk. Memory hook: 1998, and still first.

The National Dairy Development Board drew up Operation Flood by 1969–70. It used Amul of Anand as the model. That model is called the Anand Pattern.

The correct answer is Blue Revolution — fisheries. Chand says very high fish growth is called the Blue Revolution. PIB shows fish output rose from 95.79 to 197.75 lakh tonnes between 2013-14 and 2024-25. The Black, Round and Grey pairings vary by source. Memory hook: blue like water.

From 5 August 2026, inventory-based FDI is permitted exclusively for exports, via a registered Exporter-on-Record.

India produced 247.87 million tonnes of milk in 2024-25, over 25% of global output, the clearest evidence the Rainbow Revolution’s diversification strategy paid off in dairy.

The correct answer is Milk and dairy. White stands for milk. Operation Flood began in 1970 and set up marketing outlets for milk. Blue is fisheries, Yellow is oilseeds and Golden is usually horticulture. Memory hook: white like milk.