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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) During which Plan period did agricultural production register a negative growth?
A) First
B) Second
C) Third
D) Fourth

2) Inflation can be contained by:
A) surplus budget
B) increase in taxation
C) reduction in public expenditure
D) All of these

3) The Minimum Support Price for food grains was introduced in the year
A) 1954
B) 1944
C) 1964
D) 1974

4) What was the main objective of Green Revolution in India ?
A) To increase the extent of cash crop cultivation
B) To increase the area of green forests under social forestry scheme
C) Modernisation of agriculture through science and technology
D) To introduce the Japanese method of paddy cultivation

5) The labour which creates value and gets rewarded for its services is called
A) average labour
B) productive labour
C) unproductive labour
D) both skilled and unskilled labour

6) Who advocated the 'PURA' model to eradicate rural poverty?
A) A M Khusro
B) M S Swaminathan
C) Moulana Abul kalam Azad
D) Dr A P J Abdul Kalam

7) Of the various ways of financing government's investment expenditure, the least inflationary is :
A) foreign aid
B) deficit financing
C) taxation
D) public borrowing

8) Which bank is limited to the needs of agriculture and rural finance?

9) The Budget is presented to the Parliament on?
A) the last day of March
B) the last day of February
C) 1st April
D) 1st March

10) The National Development Council gets its administrative support from:
A) Planning Commission
B) Finance Commission
C) Administrative Reforms Commission
D) Sarkaria Commission