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Economy Questions

Practice 35 Economy questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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35
Total Questions
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4
Easy
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31
Medium
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0
Hard
Practice by Exam:General Awareness(16)General Knowledge(10)General Studies(7)General Knowledge and General Awareness(1)Economics(1)

About Economy — practice questions, PYQs & concepts

Economy is a frequently-tested topic on General Awareness, General Knowledge, General Studies. ExamTest.live currently lists 35 Economy questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Economy weight in competitive exams

Across our Economy question bank, the largest sources are General Awareness (16), General Knowledge (10), General Studies (7), General Knowledge and General Awareness (1) and Economics (1). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 4 easy Economy questions are available — build fluency before moving up.
  • Target weak years: Use the year filter to focus on the most recent 2026 paper or older PYQs you have not attempted.
  • Time yourself: Every question shows the average solve time so you can benchmark your speed against other students.
  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Economy Questions(1–35 of 35)

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Q1mediummcqGeneral AwarenessSSC Selection Post 2021 Matriculation Level2026
7% accuracy
Which of the following schemes aims to enable Micro Finance Institutions, Non-Banking Financial Institutions/Companies, Small Finance Banks, RBRs, Commercial Banks and Cooperative Banks to provide small loans to non-corporate non-farm micro/small enterprises and individuals engaged in income-generating businesses?
Q2mediummcqGeneral StudiesCompetitive Exam2026
0% accuracy
Who is known as the father of GST in India?
Q3mediummcqGeneral StudiesCompetitive Exam2026
0% accuracy
What is the International Bank for Reconstruction and Development (IBRD)?
Q4mediummcqGeneral StudiesCompetitive Exam2026
0% accuracy
The primary aim of a co-operative society is to:
Q5easymcqGeneral StudiesCompetitive Exam2026
0% accuracy
What is the full form of UNCTAD?
Q6easymcqGeneral StudiesCompetitive Exam2026
0% accuracy
The Green Revolution, which significantly increased agricultural production in many developing countries, primarily involved:
Q7mediummcqGeneral KnowledgeCompetitive Exam Practice Paper2026
0% accuracy
What does the Financial Stability Board (FSB) do?
Q8mediummcqGeneral KnowledgeCompetitive Exam2026
0% accuracy
What is the full form of WPI as per image_66e168.jpg?
Q9mediummcqGeneral AwarenessCompetitive Exam Practice2026
0% accuracy
Vijaya Bank and Dena Bank are merged with which of the following banks?
Q10mediummcqGeneral KnowledgeCompetitive Exam2026
0% accuracy
In terms of economy, what is the full form of ITC as requested in image_66d9ce.jpg?
Q11mediummcqGeneral KnowledgeCompetitive Exam2026
0% accuracy
Based on image_66e168.jpg, what was the total value (in INR trillion) of rupee bank notes in circulation at the end of March 2021?
Q12mediummcqGeneral KnowledgeCompetitive Exam2026
0% accuracy
Trademarks, copyrights and patents are:
Q13mediummcqGeneral AwarenessUP Police Constable2026
Full-fledged GST was recommended by ______.
Q14mediummcqGeneral KnowledgeCompetitive Exams2026
Neutral, expansionary, and contractionary strategies are related to which policy of the government?
Q15mediummcqGeneral KnowledgeCompetitive Exams2026
Eminent economist and columnist _______ has resigned as a part-time member of the Economic Advisory Council to Prime Minister Narendra Modi.
Q16mediummcqGeneral AwarenessCompetitive Exams2026
Gita Gopinath became the first woman to occupy the position of Chief Economist of:
Q17mediummcqGeneral AwarenessSSC CGL2026
In April 2022, the Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme was extended till December ________.
Q18mediummcqGeneral KnowledgeCompetitive Exam2026
Since when has India been a member of the World Trade Organization (WTO)?
Q19mediummcqEconomicsSSC Previous Year Paper2026
Which is the oldest and most widespread industry in India?
Q20mediummcqGeneral AwarenessSSC CGL2026
At higher levels of development, which sector of the economy contributes less to the GDP?
Q21mediummcqGeneral AwarenessSSC CGL2026
In which year was the Foreign Investment Board established?
Q22mediummcqGeneral AwarenessStaff Selection Commission2026
Who among the following launched the 'Ubharte Sitaare Fund'?
Q23mediummcqGeneral AwarenessStaff Selection Commission2026
How much collateral-free loan is provided under Pradhan Mantri Mudra Yojana (PMMY)?
Q24mediummcqGeneral KnowledgeCompetitive Exams2026
Union Cabinet has decided to raise the contribution of Central Government to National Pension System(NPS) corpus of its employee from 10% to ________
Q25mediummcqGeneral AwarenessIndian Competitive Exams2026
Under Phase I of Mission COVID Suraksha, the Government of India had sanctioned an amount of ____________ in November 2020.
Q26mediummcqGeneral AwarenessIndian Competitive Exams2026
____________ unemployment refers to the time lag between jobs when an individual is searching for a new job or is switching between jobs.
Q27mediummcqGeneral AwarenessIndian Competitive Exams2026
If the recipient of Employee provident Fund (EPF) withdrawal does not provide his PAN, TDS on the withdrawal will be _________, instead of the maximum marginal rate as per new budget of 2023.
Q28mediummcqGeneral Knowledge and General AwarenessPrepp2026
Under the Sukanya Samriddhi Account Yojana, minimum how much money needs to be deposited in one financial year?
Q29mediummcqGeneral AwarenessSSC Combined Graduate Level Exam2026
In 2023, Government of India has proposed to launch the ‘Pradhan Mantri Kaushal Vikas Yojana’ ___________ to skill lakhs of youth within the next three years covering new age courses like coding, AI, robotics, mechatronics, IOT, 3D printing, drones and soft skills.
Q30mediummcqGeneral StudiesCompetitive Exam2026
Which of the following is not a function of the Reserve Bank of India (RBI)?
Q31mediummcqGeneral AwarenessUP Police Constable2026
What was the approximate amount of India's trade deficit during the financial year 2017-18?
Q32mediummcqGeneral AwarenessUP Police Constable2026
Which was the largest fruit producing state of India in the year 2016-17 as per horticulture statistics by the Ministry of Statistics and Programme Implementation?
Q33mediummcqGeneral AwarenessUP Police Constable2026
State the quantity of gold bought by the Reserve Bank of India during the financial year 2017-18 in its first purchase of gold in almost nine years.
Q34easymcqGeneral KnowledgeCompetitive Exam2026
The full form of NPA is _________.
Q35easymcqGeneral StudiesAdda2472026
What is the role of artificial intelligence (AI) in shaping future global economies?

Frequently Asked Questions

How many Economy questions are on ExamTest.live?▼
We have 35 Economy questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Economy MCQs free?▼
Yes. All Economy questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Economy questions?▼
Economy questions are commonly asked in General Awareness, General Knowledge, General Studies, General Knowledge and General Awareness, Economics. You can filter by exam using the links above.
How do I practice Economy questions effectively?▼
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.