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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) World Bank classifies countries according to development based on
A) Agricultural income
B) National income
C) Per capita income
D) Population

2) Consumer's surplus is the highest in the case of ?
A) necessities
B) comforts
C) luxuries
D) durable goods

3) In which Plan was the growth rate target exceeded?
A) First
B) Fifth
C) Sixth
D) None of these

4) 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

5) Private Sector Mutual Funds in India were permitted in the year:
A) 1964
B) 1993
C) 1994
D) 2001

6) 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

7) Which of the following is not true about the Reserve Bank of India?
A) It regulates the currency and credit system of India
B) It maintains the exchange value of the rupee
C) Foreign exchange reserves are kept by RBI
D) One rupee notes and coins are issued by RBI

8) Gilt-edged market means?
A) Market of government securities
B) Bullion market
C) Market of commodities
D) Market of pure metals

9) Which State produces maximum pulses in the country?
A) Madhya Pradesh
B) Uttar Pradesh
C) Punjab
D) Maharashtra

10) This state contributes 70% of India's coffee and silk. Name this state.
A) Karnataka
B) Assam
C) Rajasthan
D) Punjab

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