HomeTestsSearchRankProfile

Economy Questions

Practice 75 Economy questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

📚
75
Total Questions
🟢
3
Easy
🟡
71
Medium
🔴
1
Hard
Practice by Exam:General Awareness(27)General Knowledge(14)General Studies(10)Indian Economy(9)Indian Polity and Economy(5)Economics(4)International Organizations(1)Indian Polity(1)

About Economy — practice questions, PYQs & concepts

Economy is a frequently-tested topic on General Awareness, General Knowledge, General Studies. ExamTest.live currently lists 75 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 (27), General Knowledge (14), General Studies (10), Indian Economy (9) and Indian Polity and Economy (5). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 3 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(1–75 of 75)

Filter:
Q1mediummcqGeneral AwarenessSSC Selection Post 2021 Matriculation Level2026
8% 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 AwarenessCompetitive Exam Practice2026
0% accuracy
Vijaya Bank and Dena Bank are merged with which of the following banks?
Q3mediummcqGeneral StudiesCompetitive Exam2026
0% accuracy
In what ways does Green Finance support sustainable development?
Q4mediummcqGeneral StudiesCompetitive Exam2026
0% accuracy
Who is known as the father of GST in India?
Q5mediummcqGeneral StudiesCompetitive Exam2026
0% accuracy
What is the International Bank for Reconstruction and Development (IBRD)?
Q6easymcqGeneral StudiesCompetitive Exam2026
0% accuracy
What is the full form of UNCTAD?
Q7mediummcqGeneral KnowledgeCompetitive Exam Practice Paper2026
0% accuracy
What does the Financial Stability Board (FSB) do?
Q8mediummcqGeneral KnowledgeCompetitive Exam2026
0% accuracy
Trademarks, copyrights and patents are:
Q9mediummcqGeneral AwarenessSSC CHSL Previous Year Paper2026
0% accuracy
The Cabinet Committee on Economic Affairs approved the increase in the Minimum Support Prices (MSPs) for all mandated Kharif crops for the marketing season 2021-22 in June 2021. The highest absolute increase in MSP over the previous year has been recommended for ________ at ₹452 per quintal.
Q10mediummcqGeneral AwarenessSSC CGL2026
100% accuracy
Which of these is not an Indian Bank?
Q11mediummcqGeneral AwarenessSSC CGL2026
0% accuracy
In October 2017, India's 3rd biggest Initial Public Offering (IPO) worth ________ was launched by GIC Re.
Q12mediummcqGeneral AwarenessSSC CGL2026
0% accuracy
Human Poverty Index was introduced in the HDR of the year ________.
Q13mediummcqIndian EconomyGovernment Exams2026
0% accuracy
Which of the following was included as part of the land reforms initiated in India?
Q14mediummcqGeneral KnowledgeCompetitive Exam2026
0% accuracy
In terms of economy, what is the full form of ITC as requested in image_66d9ce.jpg?
Q15mediummcqGeneral KnowledgeCompetitive Exam2026
0% accuracy
What is the full form of WPI as per image_66e168.jpg?
Q16mediummcqGeneral 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?
Q17mediummcqGeneral AwarenessCompetitive Exam2026
0% accuracy
The first woman Chairperson of the State Bank of India appointed in 2013 was
Q18mediummcqGeneral StudiesWBCS Prelims2026
An Indian economist won the 'Balzan Prize 2017' for her contribution to the study of the role of women in Indian agriculture. Name the economist:
Q19mediummcqGeneral KnowledgeCompetitive Exam2026
What was the rank of India in the Global Retail Development Index (GRDI) published by A.T. Kearney in 2017?
Q20mediummcqEconomicsGovernment Exams2026
In terms of economy, what is the full form of ITC?
Q21mediummcqGeneral StudiesCompetitive Exams2026
The latest industrial policy was announced in
Q22mediummcqGeneral StudiesCompetitive Exams2026
During the First Five-Year Plan, the national income increased by:
Q23mediummcqGeneral KnowledgeUP Police Constable2026
What is India's rank in the Ease of Doing Business 2018 index by the World Bank?
Q24mediummcqGeneral KnowledgeUP Police Constable2026
_________ is money that is earned through legitimate means and is accounted for, for which income tax or other tax is paid.
Q25mediummcqEconomicsGovernment Exams2026
The financial or the banking system will receive an additional boost in terms of __________ Crore of base money each year.
Q26hardmcqGeneral AwarenessIndian Competitive Exams2026
Match the columns.
List I
i. National Manufacturing Policy
ii. Make in India initiative
iii. Startup India scheme
iv. Smart City Project
​

List II
a. 2014
b. 2016
c. 2011
d. 2015
​

​
Q27mediummcqCurrent AffairsSSC CGL2026
Which country has replaced Saudi Arabia for the first time to become India's top crude oil supplier in the current fiscal year?
Q28mediummcqGeneral AwarenessPractice Test2026
Which organisation fixes the repo rate in India?
Q29mediummcqIndian Polity and EconomyCompetitive Exams2026
Consider the following statements about Regional Comprehensive Economic Programme (RCEP).
1. It is an economic cooperation for the China led free trade.
2. It is a counter cooperation for the America led trans-Pacific partnership.
3. In the countries involved in this cooperation Indian Professionals will have job market.

Select the correct answer using the codes given below:
Q30mediummcqIndian Polity and EconomyCompetitive Exams2026
What is ECF?
Q31mediummcqIndian Polity and EconomyCompetitive Exams2026
In the latest 'Ease of Doing Business Report 2019' released by the World Bank, India has secured
Q32mediummcqIndian Polity and EconomyCompetitive Exams2026
PCA stands for
Q33mediummcqIndian Polity and EconomyCompetitive Exams2026
Which of the following organisation released Agricultural Marketing and Farm Friendly Reforms Index?
Q34mediummcqGeography, History and General ScienceCompetitive Exams2026
The largest producer of milk in the world is
Q35mediummcqGeographyState Public Service Commission2026
The latest industrial policy was announced in
Q36mediummcqIndian EconomyCompetitive Exams2026
Which of the following organisations looks after the credit needs of agriculture and rural development in India?
Q37mediummcqIndian EconomyGovernment Exams2026
The Food for work programme was renamed
Q38mediummcqIndian EconomyCompetitive Exams2026
How many banks have been nationalised in both phases of Nationalisation of 1969 ?
Q39mediummcqIndian EconomyGovernment Exams2026
In pursuance with the recommendations of the Narasimhan Committee, the RBI has farmed new guidelines
Q40mediummcqIndian EconomyGovernment Exams2026
The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called
Q41mediummcqIndian EconomyGovernment Exams2026
Deficit financing means that the government borrows money from the
Q42mediummcqIndian EconomyGovernment Exams2026
The type of unemployment mostly found in India can be characterised as
Q43mediummcqIndian EconomyGovernment Exams2026
RBI was set up on the basis of the recommendation of
Q44mediummcqGeneral KnowledgeWest Bengal Civil Services2026
The Headquarter of World Bank is in
Q45mediummcqEconomicsSSC Previous Year Paper2026
Which is the oldest and most widespread industry in India?
Q46easymcqGeneral StudiesAdda2472026
What is the role of artificial intelligence (AI) in shaping future global economies?
Q47easymcqGeneral KnowledgeCompetitive Exam2026
The full form of NPA is _________.
Q48mediummcqGeneral AwarenessUP Police Constable2026
What was the approximate amount of India's trade deficit during the financial year 2017-18?
Q49mediummcqGeneral AwarenessUP Police Constable2026
Full-fledged GST was recommended by ______.
Q50mediummcqGeneral 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.
Q51mediummcqGeneral 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?
Q52mediummcqGeneral 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.
Q53mediummcqGeneral Knowledge and General AwarenessPrepp2026
Under the Sukanya Samriddhi Account Yojana, minimum how much money needs to be deposited in one financial year?
Q54mediummcqGeneral 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.
Q55mediummcqGeneral AwarenessIndian Competitive Exams2026
Under Phase I of Mission COVID Suraksha, the Government of India had sanctioned an amount of ____________ in November 2020.
Q56mediummcqGeneral 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.
Q57mediummcqGeneral AwarenessStaff Selection Commission2026
How much collateral-free loan is provided under Pradhan Mantri Mudra Yojana (PMMY)?
Q58mediummcqGeneral AwarenessStaff Selection Commission2026
Who among the following launched the 'Ubharte Sitaare Fund'?
Q59mediummcqGeneral AwarenessSSC CGL2026
In which year was the Foreign Investment Board established?
Q60mediummcqGeneral AwarenessSSC CGL2026
At higher levels of development, which sector of the economy contributes less to the GDP?
Q61mediummcqInternational OrganizationsPractice Paper2026
What does the Asian Development Bank (ADB) do?
Q62mediummcqGeneral KnowledgeCompetitive Exam2026
Since when has India been a member of the World Trade Organization (WTO)?
Q63mediummcqGeneral AwarenessSSC CGL2026
In April 2022, the Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme was extended till December ________.
Q64mediummcqGeneral AwarenessCompetitive Exams2026
Gita Gopinath became the first woman to occupy the position of Chief Economist of:
Q65mediummcqGeneral KnowledgeCompetitive Exams2026
Eminent economist and columnist _______ has resigned as a part-time member of the Economic Advisory Council to Prime Minister Narendra Modi.
Q66mediummcqGeneral KnowledgeCompetitive Exams2026
Neutral, expansionary, and contractionary strategies are related to which policy of the government?
Q67mediummcqGeneral 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 ________
Q68mediummcqGeneral AwarenessPractice Paper2026
Which organization regulates foreign trade in India?
Q69mediummcqGeneral AwarenessPractice Paper2026
When is "National Startup Day" celebrated annually in India?
Q70mediummcqGeneral StudiesCompetitive Exam2026
Which of the following is not a function of the Reserve Bank of India (RBI)?
Q71mediummcqGeneral AwarenessPractice Test2026
As of October 2025, what is the highest GST slab rate in India, as decided by the GST Council?
Q72mediummcqIndian PolitySSC CGL2026
The Taxation Laws (Amendment) Act, 2021, amends the Income Tax Act of ______.
Q73mediummcqEconomicsGeneral Awareness Practice Set2026
When demonetisation occurs, the currency loses its __________ and is no longer of the status to be used as legal money for any kind of transaction.
Q74mediummcqGeneral StudiesUP Police Assistant Operator Exam2026
What is the primary objective of the 'Startup India' initiative?
Q75mediummcqGeneral AwarenessSSC CGL2026
The Pradhan Mantri Mudra Yojana (PMMY) was implemented by the Government of India in 2015 to provide collateral free loans up to ______ for facilitating selfemployment.

Frequently Asked Questions

How many Economy questions are on ExamTest.live?▼
We have 75 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, Indian Economy, Indian Polity and Economy. 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.