You are here: Home >> GK Quiz >> Economics


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) Which of the following sectors does not come under tertiary sector?
A) Transport
B) Trade
C) Business Services
D) Electricity

2) The 'Uruguay Round' negotiations resulted in the establishment of:

3) The Marginal Utility Curve slopes downwards from left to right indicating
A) A direct relationship between marginal utility and the stock of commodity
B) A constant relationship between marginal utility and the stock of commodity
C) A proportionate relationship between marginal utility and the stock of commodity
D) An inverse relationship between marginal utility and the stock of commodity

4) Which of the following statements about the Indian Economy is correct?
A) Indian economy is as developed as that of China.
B) About 70% Indians are involved in some type of self-employment and are the owners of some or the other micro or small enterprise.
C) In India, single biggest employment is agriculture and allied activities.
D) About 48% Indian workforce is employed in foreign countries or in organizations assisted by foreign capital.

5) In which one of the following countries is Rupee its currency?
A) Bhutan
B) Malaysia
C) Maldives
D) Seychelles

6) The cause of inflation is:
A) increase in money supply
B) fall in production
C) increase in money supply and fall in production
D) decrease in money supply and fall in production

7) The States' debt does not include:
A) loans from State Bank of India
B) loans from the Central Government
C) Provident Funds
D) treasury bills issued to international financial institutions

8) Increase in Gross National Product without inflation is called?
A) Growth with stability
B) Infrastructure of a perfect economy
C) Deflation
D) None of these

9) Inflation implies:
A) rise in budget deficit
B) rise in money supply
C) rise in general price index
D) rise in prices of consumer goods

10) Who introduced the concept of Five Year Plans in India ?
A) Lal Bahadur Shastri
B) Jawaharlal Nehru
C) Lord Mountbatten
D) Indira Gandhi