Click here to change language

Indian Economy

1. Which is the highest decision-making body in India in matters of planning and economic development?

  1. Planning Commission
  2. National Development Council
  3. Finance Commission
  4. Reserve Bank of India

2. What does GDP stand for?

  1. Gross Domestic Product
  2. Gross Domestic Percentage
  3. Gross Development Product
  4. Gross Development Percentage

3. What is the largest contributor to India’s GDP?

  1. Agriculture
  2. Manufacturing
  3. Services
  4. Mining

4. Who is known as the father of Indian economic reforms?

  1. Dr. Manmohan Singh
  2. Jawaharlal Nehru
  3. Indira Gandhi
  4. Atal Bihari Vajpayee

5. Which sector employs the largest percentage of India’s workforce?

  1. Agriculture
  2. Manufacturing
  3. Services
  4. IT

6. Which of the following is not a measure of inflation?

  1. CPI (Consumer Price Index)
  2. WPI (Wholesale Price Index)
  3. GDP (Gross Domestic Product)
  4. IIP (Index of Industrial Production)

7. Who regulates the Indian stock market?

  1. RBI (Reserve Bank of India)
  2. SEBI (Securities and Exchange Board of India)
  3. NABARD (National Bank for Agriculture and Rural Development)
  4. SBI (State Bank of India)

8. Which of the following is not a direct tax in India?

  1. Income Tax
  2. Corporate Tax
  3. GST (Goods and Services Tax)
  4. Wealth Tax

9. Which Indian state has the highest per capita income?

  1. Maharashtra
  2. Goa
  3. Karnataka
  4. Delhi

10. What is the main objective of the National Rural Employment Guarantee Act (NREGA)?

  1. Poverty Alleviation
  2. Women Empowerment
  3. Rural Infrastructure Development
  4. Employment Guarantee

11. Which Indian city is known as the financial capital of India?

  1. Mumbai
  2. Delhi
  3. Kolkata
  4. Bangalore

12. Which Five Year Plan marked the beginning of economic planning in India?

  1. First Five Year Plan
  2. Second Five Year Plan
  3. Third Five Year Plan
  4. Fourth Five Year Plan

13. Which Indian state is the largest producer of rice?

  1. Punjab
  2. West Bengal
  3. Uttar Pradesh
  4. Madhya Pradesh

14. What is the current unemployment rate in India as of 2024?

  1. 5%
  2. 7%
  3. 9%
  4. 11%

15. Which of the following is the regulator for the insurance sector in India?

  1. RBI
  2. IRDAI
  3. SEBI
  4. NABARD

Indian Economy

16. Who is responsible for the compilation of the Consumer Price Index (CPI) in India?

  1. RBI
  2. Ministry of Finance
  3. Central Statistical Office
  4. Ministry of Commerce and Industry

17. Which Indian state is the largest producer of sugarcane?

  1. Maharashtra
  2. Uttar Pradesh
  3. Tamil Nadu
  4. Karnataka

18. The National Rural Livelihoods Mission (NRLM) is aimed at:

  1. Promoting education in rural areas
  2. Reducing poverty through self-employment and skilled wage employment opportunities
  3. Providing healthcare facilities in rural areas
  4. Building rural infrastructure

19. Which Indian city is known as the Silicon Valley of India?

  1. Hyderabad
  2. Chennai
  3. Bangalore
  4. Pune

20. What is the primary function of the Reserve Bank of India (RBI)?

  1. Fiscal Policy Formulation
  2. Monetary Policy Formulation
  3. Foreign Policy Implementation
  4. Trade Policy Implementation

21. Who is known as the architect of the Indian Constitution?

  1. Mahatma Gandhi
  2. Jawaharlal Nehru
  3. Dr. B.R. Ambedkar
  4. Sardar Vallabhbhai Patel

22. Which Indian state has the highest literacy rate?

  1. Kerala
  2. Tamil Nadu
  3. Maharashtra
  4. Himachal Pradesh

23. What is the current repo rate in India as of 2024?

  1. 5%
  2. 6%
  3. 7%
  4. 8%

24. Which of the following is not a major crop grown in India?

  1. Wheat
  2. Maize
  3. Barley
  4. Olive

25. Which organization is responsible for the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)?

  1. Ministry of Rural Development
  2. Ministry of Agriculture
  3. Ministry of Finance
  4. Ministry of Human Resource Development

Indian Economy

26. Who is the current Finance Minister of India?

  1. Arun Jaitley
  2. Nirmala Sitharaman
  3. Piyush Goyal
  4. Rajnath Singh

27. Which Indian state is the largest producer of milk?

  1. Uttar Pradesh
  2. Rajasthan
  3. Gujarat
  4. Madhya Pradesh

For Latest Daily Updated General Knowledge question Click here

28. Which of the following is a measure of poverty line in India?

  1. TFR (Total Fertility Rate)
  2. BPL (Below Poverty Line)
  3. Gini Coefficient
  4. HDI (Human Development Index)

29. Which Indian state has the highest per capita electricity consumption?

  1. Gujarat
  2. Maharashtra
  3. Tamil Nadu
  4. Punjab

30. What is the main objective of the Pradhan Mantri Jan Dhan Yojana (PMJDY)?

  1. Financial Inclusion
  2. Women Empowerment
  3. Rural Development
  4. Skill Development

Indian Economy

31. What is the primary objective of the Goods and Services Tax (GST) in India?

  1. To simplify the tax structure
  2. To increase tax revenue
  3. To reduce tax evasion
  4. All of the above

32. Which Indian state is the largest producer of cotton?

  1. Maharashtra
  2. Gujarat
  3. Andhra Pradesh
  4. Punjab

33. Who is responsible for formulating India’s foreign trade policy?

  1. Ministry of Commerce and Industry
  2. Ministry of External Affairs
  3. Ministry of Finance
  4. Ministry of Home Affairs

34. What is the primary objective of the Pradhan Mantri Fasal Bima Yojana (PMFBY)?

  1. Crop insurance for farmers
  2. Agricultural subsidies
  3. Rural electrification
  4. Soil health improvement

35. Which Indian state is the largest producer of natural gas?

  1. Gujarat
  2. Maharashtra
  3. Andhra Pradesh
  4. Rajasthan

36. What is the main objective of the Atal Pension Yojana (APY)?

  1. Promoting digital transactions

  2. Providing pension to workers in the unorganized sector
  3. Providing subsidized food grains to the poor
  4. Ensuring housing for all

For latest Daily Updated Current Affairs and Gk question CLick here

37. Which Indian city is known as the Manchester of South India?

  1. Coimbatore
  2. Chennai
  3. Hyderabad
  4. Bangalore

38. What is the primary objective of the Make in India initiative?

  1. Promoting foreign direct investment (FDI)
  2. Boosting domestic manufacturing
  3. Increasing exports
  4. All of the above

39. Which Indian state is the largest producer of coal?

  1. Jharkhand
  2. Chhattisgarh
  3. Odisha
  4. West Bengal

40. What is the main objective of the National Investment and Infrastructure Fund (NIIF)?

  1. Promoting digital literacy
  2. Providing credit to small businesses
  3. Financing infrastructure projects
  4. Providing healthcare facilities in rural areas