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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) Unemployment in a developing country generally takes place due to :
A) switch over from one job to another
B) lack of effective demand
C) seasonal factors
D) lack of complementary factors of production

2) Who is regarded as the founder of the scientific Socialism?
A) Rousseau
B) Karl Marx
C) Engels
D) Lenin

3) In India, the Public Sector is most dominant in?
A) Steel production
B) Organised term lending financial institutions.
C) Transport
D) Commercial banking

4) 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

5) Which area was given the top priority in the Second Five-Year Plan?
A) Agriculture
B) Self-reliance
C) Removing poverty
D) Industry

6) When was the Reserve Bank of India taken over by the Government?
A) 1945
B) 1948
C) 1952
D) 1956

7) India earns maximum foreign exchange from the export of:
A) garments
B) jute
C) gems and jewellery
D) cotton

8) The effect of inflation on tax revenue results in a situation known as :
A) stagflation
B) fiscaldrag
C) reflation
D) disinflation

9) Estimates of national income in India are prepared by the?
A) Ministry of finance
B) Reserve bank of India
C) Central statistical organization
D) Planning commission

10) Globalisation of Indian Economy means:
A) stepping up external borrowings
B) establishing Indian business units abroad
C) having minimum possible restrictions on economic relations with other countries
D) giving up programmes of import substitution