Indian Economy for NTA UGC NET JRF Paper 1 – Nav Classes by Navdeep Kaur

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1.Which is the first airline company in India to operate 1500 flights per day?

[A] Indigo
[B] Vistara
[C] Air India
[D] Spice Jet

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Answer 1
Explanation: Indigo is the first airline company in India to operate 1500 flights per day and have a fleet of about 250 airplanes. ©navclasses

2.What is the FDI allowed in the aviation industry?

[A] 100%
[B] 75%
[C] 51%
[D] 49%

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Answer 1
Explanation: In the aviation industry, 100% FDI is allowed by the government of India. ©navclasses

3.Which country has open sky agreement with India?
1. Greece
2. USA
3. UAE
4. Japan
Choose the correct option from the choices given below:
[A] 1,2 and 3 only
[B] 1,2 and 4 only
[C] 2,3 and 4 only
[D] 1,2,3 and 4

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Answer 4
Explanation: India has open sky agreement with Greece, USA, UAE, Japan, UK , Germany etc. ©navclasses

4.Which is the first private airline in India to be operated after the 1991 LPG reforms?

[A] Indigo
[B] Air Deccan
[C] East-West
[D] Vistara

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Answer 3
Explanation: East-West Airlines was the first national-level private airline to operate in the country after the government de-regularised the civil aviation sector in 1991. ©navclasses

95.Which is the top coal-producing country in the world ?

[A] USA
[B] India
[C] China
[D] Indonesia

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Answer 3
Explanation: India is ranked 2 in coal production in the world. The top coal-producing countries are China, India, USA, and Indonesia. ©navclasses

96.Which country is the world’s largest oil consumer?

[A] USA
[B] India
[C] China
[D] Russia

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Answer 1
Explanation: The top 5 largest oil consumers in the world are USA,China,India,Japan and Russia. ©navclasses

7.What is the petroleum refining capacity of India?

[A] 200 MMTPA
[B] 249 MMTPA
[C] 345 MMTPA
[D] 150 MMTPA

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Answer 2
Explanation: India’s has a petroleum refining capacity of 249 MMTPA. It comprises of 23 refineries—18 under public sector, 3 under private sector and 2 in a joint venture. ©navclasses

8.Which is the largest petroleum refining company in India?

[A] BPCL
[B] HPCL
[C] RIL
[D] IOCL

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Answer 4
Explanation: Indian Oil Corporation (IOC) is the largest domestic refiner with a capacity of 80.7 MMTPA. The Top three companies are IOCL, Bharat Petroleum Corporation (BPCL), and Reliance Industries (RIL). They contribute around 66.7% of India’s total refining production. ©navclasses

9.What is the maximum capacity of a Micro Hydropower project?

[A] 50KW
[B] 75KW
[C] 100KW
[D] 150KW

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Answer 3
Explanation: The Hydropower plants are classified into 4 types- Micro(upto 100 KW), Mini(101KW to 2MW), Small(2 MW to 25 MW), and Mega(500MW). ©navclasses

10.Where is the headquarters of BARC is located?

[A] Delhi
[B] Noida
[C] Mumbai
[D] Pune

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Answer 3
Explanation: The headquarters of BARC is located at Trombay, Mumbai. It was established in 1954. It was founded by Homi Jehangir Bhabha. ©navclasses