Indian Economy Questions Best Economics GK Questions : Explore your knowledge of the Indian Economy by solving questions and answers provided below in the article. In almost all types of competitive exams; questions based on the Indian Economy are asked. Here, we have compiled more than 600 questions on the different sections of the Indian Economy that would be very useful for all types of competitive exams like UPSC, PSC, SSC, CDS, and others.
Indian Economy Questions Best Economics GK Questions
No.-1. Slogan ‘Garibi Hatao’ was included in _.
– Second Plan,
– Third Plan,
– Fourth Plan,
– Fifth Plan
Answer:- Fifth Plan
No.-2. The Eight plan period was from _.
– 1992-1997,
– 1997-2002,
– 2002-2007,
– 2007-2012
Answer:- 1992-1997
No.-3. The banks are required to maintain a certain ratio between their cash in hand and total assets is called _.
– POS,
– SLR,
– TPC,
– RTM
Answer:- SLR
No.-4. Blue revolution is nothing but _.
– Progress in increase of fish production,
– Progress in increase of oil seeds production,
– Progress in increase of fruits production,
– Progress in increase of rice production
Answer:- Progress in increase of fish production
No.-5. Who is the Chairman of the Planning Commission in India-
– President,
– Vice President,
– Prime Minister,
– Finance Minister
Answer:- Prime Minister
No.-6. Which one of the following is true about Planning Commission-
– It is a Ministry,
– It is a Government Department,
– It is an Advisory Body,
– It is an Autonomous Corporation
Answer:- It is an Advisory Body
No.-7. Economic survey is published by-
– Ministry of Finance,
– Planning Commission,
– Govt of India,
– Indian Statistical Institute
Answer:- Ministry of Finance
No.-8. Mahila Samridhi Yojana started in?
– 1992,
– 1993,
– 1994,
– 1995
Answer:- 1993
No.-9. Which state is the biggest tea producer in the country?
– Andhra Pradesh,
– Sikkim,
– Assam,
– West Bengal
Answer:- Assam
No.-10. Which five year plan focused on “Growth with social justice and equity”?
– Ninth Five Year Plan,
– Eight Five Year Plan,
– Seventh Five Year Plan,
– Sixth Five Year Plan
Answer:- Ninth Five Year Plan
No.-11. Industrial Credit and Investment Corporation of India (ICICI) was established in?
– 1989,
– 1990,
– 1991,
– 1992
Answer:- 1991
No.-12. The increase in oil seeds production was due to?
– White revolution,
– Yellow revolution,
– Green revolution,
– Brown revolution
Answer:- Yellow revolution
No.-13. Which of the following is not viewed as a national debt?
– National Saving Certificate,
– Provident Fund,
– Life Insurance Policies,
– Long-term Government Bonds
Answer:- National Saving Certificate
No.-14. The best indicator of economic development of any country is?
– Agriculture,
– Transport,
– Gross production,
– Per capita income
Answer:- Per capita income.
No.-15. National Agriculture Insurance Scheme was implemented on?
– Oct. 1997,
– Oct. 1998,
– Oct. 1999,
– Oct. 2000
Answer:- Oct. 1999.
No.-16. Banking regulation act was passed in?
– 1947,
– 1948,
– 1949,
– 1950
Answer:- 1949.
No.-17. Planning Commission was constituted on?
– 15 March, 1948,
– 15 March, 1949,
– 15 March, 1950,
– 15 March, 1951
Answer:- 15 March, 1950.
No.-18. The progress in increase of fish production was called?
– Yellow revolution,
– White revolution,
– Brown revolution,
– Blue revolution
Answer:- Blue revolution
No.-19. In India paper currency started in?
– 1860,
– 1861,
– 1862,
– 1863
Answer:- 1861
No.-20. The concept of Economic Planning in India is derived from?
– USA,
– UK,
– Australia,
– Russia
Answer:- Russia
No.-21. Reserve bank of India was established on?
– 1st April, 1935,
– 1st April, 1936,
– 1st April, 1937,
– 1st April, 1938
Answer:- 1st April, 1935
No.-22. Who was the father of Operation Flood?
– Dr. Norman Borlaug,
– Dr. M.S. Swaminathan,
– Dr. Verghese Kurien,
– Dr. William Gande
Answer:- Dr. Verghese Kurien
No.-23. Pradhan Mantri Gramodaya Yojana started in?
– 1999,
– 2000,
– 2001,
– 2002
Answer:- 2000
No.-24. First five year plan was based on?
– Herold-Domar Model,
– P.C. Mahalanobis Model,
– Both of above,
– None of above
Answer:- Herold-Domar Model
No.-25. What is the mainstay of Indian economy?
– Manufacturing,
– Business,
– Public sector,
– Agriculture
Answer:- Agriculture
No.-26. Green Revolution started in?
– 1964-65,
– 1965-66,
– 1966-67,
– 1967-68
Answer:- 1966-67
No.-27. Which five year plan is also known as “Gadgil Yojana”?
– Second Five Year Plan,
– Third Five Year Plan,
– Fourth Five Year Plan,
– Fifth Five Year Plan
Answer:- Third Five Year Plan
No.-28. Industrial Development Bank of India (IDBI) established in?
– 1964,
– 1965,
– 1966,
– 1967
Answer:- 1964
No.-29. Iron and steel industry started in India in the year?
– 1855,
– 1860,
– 1865,
– 1870
Answer:- 1870
No.-30. Which one among the following formulates the fiscal policy in India?
– Planning Commission,
– Finance Commission,
– The Reserve Bank of India,
– Ministry of Finance
Answer:- Ministry of Finance
No.-31. National Rural Employment Programme started in?
– 1979,
– 1980,
– 1981,
– 1982
Answer:- 1980
No.-32. India earns maximum foreign exchange by the export of?
– Iron,
– Hand loom,
– Textiles,
– Tea
Answer:- Tea
No.-33. National Rural Development Institute is situated at?
– Delhi,
– Shimla,
– Hyderabad,
– Mumbai
Answer:- Hyderabad
No.-34. National Bank for Agriculture and Rural Development (NABARD) was established in?
– 1980,
– 1981,
– 1982,
– 1983
Answer:- 1982
No.-35. Which industry is the largest?
– Handloom,
– Sports,
– Music,
– Textile
Answer:- Textile
No.-36. Which of the following is main category for Indian economy?
– Business,
– Private Sector,
– Public Sector,
– Agriculture
Answer:- Agriculture
No.-37. _ is the place where bankers meet and settle their mutual claims and accounts.
– Discussion House,
– Clearing House,
– Fixed House,
– Waiting House
Answer:- Clearing House
No.-38. The Tenth plan period was from _.
– 1992-1997,
– 1997-2002,
– 2002-2007,
– 2007-2012
Answer:- 2002-2007
No.-39. Mixed economy is a compromise between _.
– Private and Public Sector,
– Individual and Partnership business,
– Capitalism and Socialism,
– None of the above
Answer:- Private and Public Sector.
No.-40. Poverty line can be defined as _.
– The minimum level of per capital consumption and expenditure,
– The Line of demarcation between the rich and poor,
– The lowest level in ladder of economic prosperity,
– All of the above
Answer:- The minimum level of per capital consumption and expenditure.
No.-41. One of the problems is finding out national income in India is _.
– Inflation,
– Tax evasion,
– One monetary consumption,
– None of the above
Answer:- One monetary consumption.
No.-42. _ is the largest milk producing country in the world.
– China,
– United States,
– Pakistan,
– India
Answer:- India.
No.-43. Yellow Revolution is nothing but _
– Progress in increase of fish production,
– Progress in increase of oil seeds production,
– Progress in increase of fruits production,
– Progress in increase of rice production
Answer:- Progress in increase of oil seeds production