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Indian Economy Questions

Practice 57 Indian 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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57
Total Questions
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7
Easy
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49
Medium
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1
Hard
Practice by Exam:General Awareness(13)General Studies(12)General Knowledge(10)Economics(9)General Knowledge and General Awareness(9)Economy(4)

About Indian Economy — practice questions, PYQs & concepts

Indian Economy is a frequently-tested topic on General Awareness, General Studies, General Knowledge. ExamTest.live currently lists 57 Indian 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.

Indian Economy weight in competitive exams

Across our Indian Economy question bank, the largest sources are General Awareness (13), General Studies (12), General Knowledge (10), Economics (9) and General Knowledge and General Awareness (9). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 7 easy Indian 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 Indian Economy Questions(1–57 of 57)

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Q1mediummcqGeneral AwarenessSSC Exam2026
25% accuracy
Industries of strategic and national importance are usually placed in the ________ sector.
Q2mediummcqGeneral StudiesCompetitive Exam2026
0% accuracy
When was PMJDY launched?
Q3mediummcqGeneral StudiesCompetitive Exam2026
0% accuracy
What is the highest GST rate levied on white goods?
Q4mediummcqEconomicsSSC GD2026
0% accuracy
Which is one of the factors of subsistence used to measure the Poverty Line in India?
Q5mediummcqEconomicsSSC GD2026
0% accuracy
The Goods and Services Tax allowed India to become:
Q6mediummcqEconomicsSSC GD2026
0% accuracy
In which year was The Reserve Bank of India was established?
Q7mediummcqGeneral KnowledgeGovernment Recruitment Exam Practice Paper2026
0% accuracy
What is the threshold limit for GST registration for businesses in India, for services?
Q8mediummcqGeneral KnowledgeGovernment Recruitment Exam Practice Paper2026
0% accuracy
Who was chosen as the brand ambassador of GST (Goods and Services Tax) in India?
Q9hardmcqGeneral KnowledgeCompetitive Exam Practice Paper2026
0% accuracy
Who was the Governor of RBI during the demonetization in 1946?
Q10mediummcqGeneral KnowledgePractice Paper2026
0% accuracy
India's Production-Linked Incentive (PLI) scheme, designed to boost domestic manufacturing, was launched to cover how many strategic sectors?
Q11easymcqGeneral AwarenessSSC Selection Post 2021 Matriculation Level2026
100% accuracy
Which of the following are included in 'revenue receipts'?
(a) Tax Revenue
(b) Non-tax Revenue
Q12mediummcqGeneral KnowledgeMock Test2026
0% accuracy
India's 'Vikasit Bharat' (Developed India) vision aims to make India a developed nation by which year?
Q13mediummcqGeneral KnowledgeCompetitive Exam2026
0% accuracy
Based on the historical budget/financial allocations presented in question 45 of image_66e168.jpg, fill in the blank: "The financial or the banking system will receive an additional boost in terms of ________ Crore of base money each year."
Q14mediummcqGeneral KnowledgeCompetitive Exam2026
0% accuracy
Which of the following is a feature of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) as asked in image_66da05.jpg?
Q15mediummcqGeneral AwarenessStaff Selection Commission2026
0% accuracy
The golden revolution in India related to the agriculture sector is referred to as:
Q16mediummcqGeneral Knowledge and General AwarenessSSC CPO 20242026
0% accuracy
Which of the following is NOT one of the four primary explicit core goals of India's Five-Year Plans?
Q17mediummcqGeneral Knowledge and General AwarenessSSC CPO 20242026
0% accuracy
In which year was the Self-Help Group - Bank Linkage Programme (SHG-BLP) launched in India?
Q18mediummcqGeneral Knowledge and General AwarenessSSC CPO 20242026
0% accuracy
Which of the following programs was NOT a part of the Tenth Five-Year Plan?
Q19easymcqGeneral AwarenessStaff Selection Commission2026
In which year was the 'Prime Minister Street Vendor's AtmaNirbhar Nidhi' (PM SVANidhi) scheme launched by the Government of India with the objective of providing an affordable working capital loan to street vendors to resume their livelihoods?
Q20mediummcqEconomicsCompetitive Exams2026
According to Census 2011 (based on Tendulakar Committee recommendations), what is the estimated percentage of people below the poverty line in rural areas?
Q21mediummcqEconomicsPrepp2026
Which of the following was true with regard to the Green Revolution?
Q22mediummcqGeneral KnowledgeCompetitive Exam2026
In which year was the National Housing Bank established in India?
Q23mediummcqGeneral StudiesPractice Test2026
The Pink Revolution in India is related to:
Q24mediummcqGeneral StudiesPractice Test2026
The service sector of the economy is also known as:
Q25mediummcqGeneral StudiesPractice Test2026
Which of the following documents is essential for exporting goods from India?
Q26mediummcqGeneral StudiesPractice Test2026
The idea of a nationwide GST in India was first proposed by the _______ on Indirect Taxes in 2000.
Q27mediummcqEconomicsStaff Selection Commission2026
Banks were nationalized in India through an ordinance passed in the year:
Q28mediummcqEconomicsStaff Selection Commission2026
Who presented the first Union Budget of Independent India?
Q29mediummcqEconomicsStaff Selection Commission2026
The Fiscal Year in India is considered between:
Q30mediummcqGeneral AwarenessCompetitive Exams2026
The Government of India releases MSP of agricultural produce from time to time. What is the full form of MSP?
Q31mediummcqGeneral AwarenessCompetitive Exams2026
The economic survey is usually presented _______ before the Union Budget.
Q32mediummcqGeneral StudiesCompetitive Exam2026
The Suresh Tendulkar committee was formed in 2005 for________________.
Q33mediummcqEconomySSC CHSL Previous Year Paper2026
What is NOT true about the livestock sector as per the Economic Survey of India 2020?
Q34mediummcqEconomySSC CHSL Previous Year Paper2026
According to the World Bank's Logistics Performance Index, among other countries India ranked ________ in 2018, up from the 54th rank in 2014.
Q35mediummcqGeneral AwarenessSSC Combined Graduate Level Exam2026
In which year was Aatmanirbhar Bharat Rojgar Yojana launched?
Q36mediummcqGeneral AwarenessCompetitive Exam2026
What percentage of 500 and 1000 rupees notes was received by RBI after the 2016 demonetization?
Q37mediummcqEconomicsCompetitive Exam2026
What was the primary objective of the demonetization policy implemented in India in 2016?
Q38mediummcqGeneral StudiesCompetitive Exam2026
What was the last date of tendering old currency in 2016 demonetisation?
Q39mediummcqGeneral StudiesCompetitive Exam2026
When was the first five year plan implemented in India?
Q40mediummcqGeneral StudiesCompetitive Exam2026
What does "I" in IGST stand for?
Q41easymcqGeneral StudiesAdda2472026
Which Indian organization is responsible for calculating and releasing the data?
Q42easymcqGeneral StudiesAdda2472026
What is the GST rate on mobile phones in India?
Q43mediummcqGeneral AwarenessAdda2472026
India's Gross Domestic Product () grew by in the quarter ending September 2016.
Q44easymcqGeneral KnowledgeCompetitive Exam2026
Which of the following type of tax is submitted in Indian GST?
Q45easymcqGeneral KnowledgeCompetitive Exam2026
What is the GST rate for necessary items like milk products, bread, etc.?
Q46easymcqGeneral AwarenessSSC Selection Post 2021 Matriculation Level2026
The period 2007-2012 was associated with the ______ Plan.
Q47mediummcqGeneral Knowledge and General AwarenessSSC CPO 20242026
Which of the following is an explicit feature of globalisation?
Q48mediummcqGeneral AwarenessGovernment Exams2026
The stock of food grains like wheat and rice procured by the government through Food Corporation of India (FCI) is called ________ stock.
Q49mediummcqGeneral AwarenessGovernment Exams2026
Under which of the following rates can scheduled commercial banks borrow funds overnight from the Reserve Bank of India?
Q50mediummcqEconomySSC CGL2026
Who among the following is the principal author of the Economic Survey in India?
Q51mediummcqGeneral Knowledge and General AwarenessPrepp2026
Which of the following programmes is NOT a part of the Tenth Five-Year Plan?
Q52mediummcqGeneral Knowledge and General AwarenessCompetitive Exam2026
Which of the following is NOT one of the four primary explicit goals of five-year plans in India?
Q53mediummcqGeneral Knowledge and General AwarenessPrepp2026
In which year was ‘Self Help Group – Bank Linkage Programme’ (SHG-BLP) introduced in India?
Q54mediummcqGeneral Knowledge and General AwarenessPrepp2026
What does 'M' stand for in the MUDRA yojana?
Q55mediummcqGeneral AwarenessD.ZU-242026
What is the GST rate for necessary pre-packaged items like milk products, curd, bread, etc.?
Q56mediummcqEconomyIndian Polity & History Quiz2026
The objective of NIP is to provide equitable access to infrastructure for public, thereby making growth more inclusive. What is the full form of NIP?
Q57mediummcqGeneral Knowledge and General AwarenessSSC CPO 20242026
Which sector promotes modernisation and stable employment in the economy?

Frequently Asked Questions

How many Indian Economy questions are on ExamTest.live?▼
We have 57 Indian Economy questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Indian Economy MCQs free?▼
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Which exams include Indian Economy questions?▼
Indian Economy questions are commonly asked in General Awareness, General Studies, General Knowledge, Economics, General Knowledge and General Awareness. You can filter by exam using the links above.
How do I practice Indian 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.