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QUIZ ON INDIAN ECONOMICS (OBJECTIVE QUESTIONS)

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 basic objectives of Indian planning are: (1) economic growth, (2) self-reliance, (3) employment generation, (4) population growth.
A) 1, 2 and 4
B) 1, 2 and 3
C) 2 and 3
D) 1, 2, 3 and 4

2) The biggest Public Sector undertaking in the country is:
A) Iron & steel plants
B) Roadways
C) Railways
D) Airways

3) Which of the following is correct regarding the Gross Domestic Savings in India?
A) Contribution of Government sector is the largest
B) Contribution of Household sector is the largest
C) Contribution of Corporate sector is the largest
D) Contribution of Corporate sector is the shortest

4) The highest denomination of currency notes in circulation as legal tender in India is at present:
A) Rs 100
B) Rs 500
C) Rs 1000
D) Rs 2000

5) National Development Council was set up in:
A) 1948
B) 1950
C) 1951
D) 1952

6) Mixed economy means an economy where ?
A) There is co-existence of public sector along with private sector
B) Both agriculture and industry are equally promoted by the state
C) Economy is controlled by military as well as civilian rulers
D) There is importance of small scale industries along with heavy industries

7) 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

8) Ad Valorem means:
A) according to value
B) according to weight
C) according to size
D) according to advertisement costs

9) When was decimal coinage introduced in India?
A) 1947
B) 1950
C) 1957
D) 1960

10) Which of the following is called a 'banker's cheque' ?
A) Demand draft
B) Debit card
C) Pay order
D) Fixed deposit

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