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Questions related to Indian Economics are always asked in every competitive examinations conducted by SSC CGL, UPSC, PSC, LIC, GIC, Railways, IBPS, etc. The main objective of these questions is to test the candidate's knowledge in the subject Economics, specially Indian Economics. For this purpose we have provided more than 100 objective questions on Indian Economy with answers for the candidates to enhance their knowledge in this area. All these questions had already been asked in various competitive examinations such as SSC CGL, SSC CHSL, SSC TAX ASSISTANT, UPSC, BANK CLERK, BANK PO, CDS, NDA, CPO, PSC, LIC, GIC, RAILWAYS, etc.

Take 10 Questions Online Quiz (objective questions) on Indian Economy below:

1) Deficit Financing means that the government borrows money from the?
A) Reserve Bank of India
B) Asian Development Bank
C) World Bank
D) International Monetary Fund

2) A rolling plan was a plan for:
A) one year
B) three years
C) five years
D) four years

3) Which of the following bodies finalises the Five Year Plan proposals?
A) Planning Commission
B) Union Cabinet
C) National Development Council
D) Ministry of Planning

4) India's wage policy is based on :
A) cost of living
B) standard of living
C) productivity
D) None of these

5) IRDP was introduced during the
A) Sixth Five Year Plan
B) Fifth Five Year Plan
C) Fourth Five Year Plan
D) Third Five Year Plan

6) Ten rupee notes bear the signature of:
A) President
B) Finance Minister
C) Secretary, Ministry of Finance
D) Governor, Reserve Bank of India

7) Human Development Index comprises literacy rates, life expectancey at birth and:
A) gross domestic product per head in the US dollars
B) gross domestic product per head at real purchasing power
C) gross national product in US dollars
D) national income per head in US dollars

8) Preparation of butter, ghee by household for their own use is a part of
A) consumption
B) own-account production
C) household capital formation
D) industrial production

9) India has:
A) Socialistic economy
B) Gandhian economy
C) Mixed economy
D) Free economy

10) What is Green Gold?
A) Tea
B) Coffee
C) Gold
D) Rice