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How many National Highways are there in India?

599

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This question belongs to the set "Important questions on National Highways in India". Click below to read detailed notes and attempt the full quiz.

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What type of economy is followed in India?

A Traditional Economy: Economic system based on goods, services, and work, all of which follow certain established trends.
B Command Economy: A dominant centralized authority – usually the government – that controls a significant portion of the economic structure.
C Market Economy: Economic system based on the concept of free markets.
D Mixed Economy: Economic system that combine the characteristics of the market and command economic systems.

Explanation: A mixed economic system is a system that combines aspects of both capitalism and socialism. This means that some industries are controlled by private businesses and individuals, while other industries are controlled by the government.

In which of the following year was the budget system introduced for the first time in India?

A 1867
B 1860
C 1897
D 1890

Explanation: James Wilson, the British economist, presented the first-ever budget in India in 1860. He is credited with introducing a financial budget in India framed by the English model.

Rovers Cup is associated with-

A Football
B Lawn tennis
C Hockey
D Basketball

Explanation: The Rovers Cup was an annual football tournament held in India, organized by the Western India Football Association. It was the second oldest tournament in India after Durand Cup

Formula 1 is associated with-