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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) The apex body for formulating plans and coordinating research work in agriculture and allied fields is?
A) National Bank for Agriculture and Rural Development (NABARD)
B) Indian Council of Agricultural Research
C) Regional Rural Banks
D) State Trading Corporation

2) Which of the following authority sanctions foreign exchange for the import of goods?
A) Any Nationalised Bank
B) Exchange Bank
C) Reserve Bank of India
D) Ministry of Finance

3) When central bank buys securities, bank reserves
A) expands
B) contracts
C) remains the same
D) has no impact on the reserves

4) The main function of the Exim Bank is:
A) to help RBI in the regulation of foreign exchange
B) to prevent unlicensed transaction
C) to promote exports and curtail imports
D) to conserve foreign exchange

5) India's economic planning CANNOT be said to be :
A) indicative
B) imperative
C) limited
D) democratic

6) The strategy of Rolling plan was adopted during the Prime Ministership of:
A) Lal Bahadur Shastri
B) Indira Gandhi
C) Morarji Desai
D) Rajiv Gandhi

7) In India, the first bank of limited liability managed by Indians and founded in 1881 was:
A) Hindustan Commercial Bank
B) Oudh Commercial Bank
C) Punjab National Bank
D) Punjab and Sind Bank

8) Indian farmers insurance against crop failure is the process of one of the major methods of risks coverage by Indian farmers in?
A) Mixed cropping
B) Dry farming
C) Relay cropping
D) Share cropping

9) Economic Planning is a subject:
A) in the Union List
B) in the State List
C) in the Concurrent List
D) unspecified in any special list

10) In India largest share of revenue comes from?
A) Direct Taxes
B) Excise Duties
C) Sales Tax
D) None of these