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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) Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
A) 100 rupee
B) 500 rupee
C) 1000 rupee
D) All of these

2) The Planning Commission of India as per Indian Constitution is?
A) An autonomous body
B) An executive body
C) An advisory body
D) A Government department

3) Take off stage in an economy means:
A) steady growth begins
B) economy is stagnant
C) economy is about to collapse
D) all controls are removed

4) 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

5) Excise Duty is a tax levied on the?
A) export of goods
B) import of goods
C) production of goods
D) sale of goods

6) Deficit Financing means that the government borrows money from the?
A) Reserve Bank of India
B) Asian Development Bank
C) World Bank
D) International Monetary Fund

7) Convertibility of the rupee implies:
A) being able to convert rupee notes into gold
B) freely permitting the conversion of rupee to other major currencies and vice versa
C) allowing the value of the rupee to be fixed by market forces
D) developing an international market for currencies in India

8) The most important source of capital formation in India has been?
A) Government revenue surpluses
B) Public sector savings
C) Corporate savings
D) Household savings

9) India opted for 'Mixed Economy' in?
A) First Five Year Plan
B) Second Five Year Plan
C) Industrial Policy of 1948
D) Framing of the Constitution

10) 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

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