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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 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) Which of the following Mahatma Gandhi series of currency notes issued by the RBI has 'ecology' depicted on it?
A) Rs. 500
B) Rs. 100
C) Rs. 50
D) Rs. 10

3) The philosophy of 'Laissez-faire' is associated with ?
A) Gandhian State
B) Industrial State
C) Socialist State
D) Welfare State

4) The modern economy is not characterised by?
A) Production for market
B) Capital intensive mode of production
C) Development of money economy
D) Self-sufficient village system

5) A closed economy is an economy in which:
A) the money supply is fully controlled
B) deficit financing takes place
C) only exports take place
D) neither exports nor imports take place

6) IRDP was introduced during the
A) Sixth Five Year Plan
B) Fifth Five Year Plan
C) Fourth Five Year Plan
D) Third Five Year Plan

7) Revenue of the state governments are raised from the following sources, except?
A) entertainment tax
B) agricultural income tax
C) land revenue
D) expenditure tax

8) Debenture holders of a company are its?
A) Creditors
B) Debtors
C) Shareholders
D) Directors

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

10) The steel plants at Durgapur, Bhilai and Rourkela were established during the period of:
A) First Five Year Plan
B) Second Five Year Plan
C) Third Five Year Plan
D) Fourth Five Year PIan

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