HomeTestsSearchRankProfile

Indian Economy Questions

Practice 154 Indian Economy questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

📚
154
Total Questions
🟢
10
Easy
🟡
142
Medium
🔴
2
Hard
Practice by Exam:Economics(46)General Knowledge(25)General Studies(24)General Awareness(22)Economy(12)General Knowledge and General Awareness(9)Current Affairs(4)Indian Polity & Economy(3)

About Indian Economy — practice questions, PYQs & concepts

Indian Economy is a frequently-tested topic on Economics, General Knowledge, General Studies. ExamTest.live currently lists 154 Indian Economy questions spanning previous-year papers from 2016 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 Economics (46), General Knowledge (25), General Studies (24), General Awareness (22) and Economy (12). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 10 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(1–100 of 154)

2 pages
Filter:
Q1mediummcqGeneral AwarenessSSC Exam2026
21% accuracy
Industries of strategic and national importance are usually placed in the ________ sector.
Q2mediummcqEconomicsSSC CGL2026
25% accuracy
In Union Budget 2021-22, PLI schemes for 13 key sectors of manufacturing starting from fiscal year (FY) 2021-22 have been announced. The full form of PLI is:
Q3mediummcqGeneral AwarenessCompetitive Exam2026
0% accuracy
India's unemployment rate touched ______ in December 2021.
Q4easymcqGeneral StudiesCompetitive Exam2026
0% accuracy
The Green Revolution, which significantly increased agricultural production in many developing countries, primarily involved:
Q5mediummcqGeneral StudiesCompetitive Exam2026
0% accuracy
When was PMJDY launched?
Q6hardmcqGeneral KnowledgeCompetitive Exam Practice Paper2026
0% accuracy
Who was the Governor of RBI during the demonetization in 1946?
Q7mediummcqGeneral StudiesWBCS Prelims 20182026
0% accuracy
Under the traditional accounting classification used in Indian budgets, expenditure for public administration falls under:
Q8mediummcqEconomicsSSC GD2026
0% accuracy
In which year was The Reserve Bank of India was established?
Q9mediummcqEconomicsSSC GD2026
0% accuracy
Which is one of the factors of subsistence used to measure the Poverty Line in India?
Q10mediummcqEconomicsWBCS Prelims 20182026
0% accuracy
Fiscal Deficit can be expressed as:
Q11mediummcqGeneral StudiesCompetitive Exam2026
0% accuracy
India imports maximum gold from which country?
Q12mediummcqGeneral StudiesWBCS Prelims 20182026
0% accuracy
Who is the author of the book "I Do What I Do"?
Q13mediummcqGeneral StudiesWBCS Prelims2026
0% accuracy
The Green Revolution in India took place through district-wise execution of:
Q14mediummcqGeneral KnowledgeGovernment Recruitment Exam Practice Paper2026
0% accuracy
What is the threshold limit for GST registration for businesses in India, for services?
Q15mediummcqEconomicsCompetitive Exams2026
0% accuracy
According to Census 2011 (based on Tendulakar Committee recommendations), what is the estimated percentage of people below the poverty line in rural areas?
Q16mediummcqEconomicsSSC GD2026
0% accuracy
The Goods and Services Tax allowed India to become:
Q17mediummcqGeneral KnowledgeWest Bengal Civil Services2026
0% accuracy
What is the rank of India as per 16th Global Retail Development Index Published in 2017?
Q18mediummcqGeneral KnowledgeGovernment Recruitment Exam Practice Paper2026
0% accuracy
Who was chosen as the brand ambassador of GST (Goods and Services Tax) in India?
Q19mediummcqEconomicsCompetitive Exam2026
0% accuracy
What is meant by a population explosion in a country?
Q20mediummcqEconomicsCompetitive Exams2026
0% accuracy
On what basis are people below the poverty line in India classified?
Q21mediummcqEconomicsCompetitive Examination2026
0% accuracy
Which period in India is known as Plan Holiday?
Q22mediummcqGeneral Knowledge and General AwarenessSSC CPO 20242026
0% accuracy
Which of the following programs was NOT a part of the Tenth Five-Year Plan?
Q23mediummcqGeneral AwarenessStaff Selection Commission2026
0% accuracy
The golden revolution in India related to the agriculture sector is referred to as:
Q24easymcqGeneral AwarenessSSC Selection Post 2021 Matriculation Level2026
100% accuracy
Which of the following are included in 'revenue receipts'?
(a) Tax Revenue
(b) Non-tax Revenue
Q25mediummcqEconomicsCompetitive Examination2026
0% accuracy
Which of the following is not a problem of the unorganized sector?
Q26mediummcqGeneral KnowledgeSSC CGL2026
0% accuracy
____ is the first Indian company to list on NASDAQ.
Q27mediummcqGeneral 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."
Q28mediummcqGeneral KnowledgeIndian Competitive Exam Prep2026
0% accuracy
Which of the following is a reason that driving rapid growth of data centers in India?
Q29mediummcqGeneral KnowledgePractice Paper2026
0% accuracy
India's Production-Linked Incentive (PLI) scheme, designed to boost domestic manufacturing, was launched to cover how many strategic sectors?
Q30mediummcqGeneral KnowledgeMock Test2026
0% accuracy
India's 'Vikasit Bharat' (Developed India) vision aims to make India a developed nation by which year?
Q31mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
What is meant by 'Globalization of Indian Economy'?
Q32mediummcqEconomicsCompetitive Exam2026
100% accuracy
During the first Five-Year Plan, the national income was increased by _________.
Q33mediummcqEconomicsCompetitive Exam2026
0% accuracy
Which of the following was NOT listed as a short-term priority of the Reserve Bank of India (RBI) as per the Annual Report of RBI, 2014-2015?
Q34mediummcqEconomicsWest Bengal Civil Services2026
0% accuracy
The one rupee currency notes of India are issued by
Q35mediummcqGeneral AwarenessSSC CGL2026
0% accuracy
Which Five Year Plan was suspended one year before the time schedule?
Q36mediummcqEconomicsGeneral Knowledge2026
0% accuracy
Which one of the following is included in secondary sector from the standpoint of sources of national income?
Q37mediummcqEconomicsWest Bengal Civil Services2026
0% accuracy
How many private commercial banks were nationalized in 1969?
Q38mediummcqEconomicsGeneral Practice2026
100% accuracy
Peasant farming means?
Q39mediummcqGeneral 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?
Q40mediummcqEconomicsGeneral Knowledge2026
0% accuracy
Mixed Economy refers to an economy where
Q41mediummcqEconomicsCompetitive Exams2026
0% accuracy
In what terms do Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII) differ?
Q42mediummcqGeneral StudiesCompetitive Exams2026
0% accuracy
In which of the following ranges is the average gross domestic savings rate for the Indian economy currently estimated?
Q43mediummcqCurrent AffairsCompetitive Exam2026
0% accuracy
According to Reserve Bank of India data, India's total export of IT, ITES, and BPO services grew by how much during the financial year 2014-15?
Q44mediummcqEconomyCompetitive Exam2026
0% accuracy
Which of the following is the major seafood export item from India?
Q45mediummcqCurrent AffairsCompetitive Exam2026
0% accuracy
Who among the following was appointed as the first Vice-Chairman of NITI Aayog?
Q46mediummcqGeneral 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?
Q47mediummcqEconomicsGeneral Practice2026
0% accuracy
An economy may be analytically classified into?
Q48mediummcqEconomicsCompetitive Exams2026
0% accuracy
What has been the trend of the share of direct taxes in India after the economic reforms?
Q49mediummcqIndian EconomyIndian Competitive Exam2026
0% accuracy
The type of unemployment most predominantly observed in India is:
Q50mediummcqGeneral Knowledge and General AwarenessSSC CPO 20242026
0% accuracy
In which year was the Self-Help Group - Bank Linkage Programme (SHG-BLP) launched in India?
Q51mediummcqGeneral KnowledgeUP Police Constable2026
What is India's rank globally in the production of onion as per Food and Agriculture Organization Corporate Statistical Database, 2016?
Q52mediummcqGeneral AwarenessSSC CGL2026
As on March 2021, which of the following states does NOT have an export-processing zone?
Q53mediummcqEconomyIndian 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?
Q54mediummcqCurrent AffairsCompetitive Exam2026
The Finance Minister, Mrs. Nirmala Sitharaman, proposed the merger of ________ and ________ into Punjab National Bank.
Q55mediummcqGeneral StudiesCompetitive Exam2026
What does "I" in IGST stand for?
Q56mediummcqEconomicsPrepp2026
Which of the following was true with regard to the Green Revolution?
Q57mediummcqGeneral KnowledgePractice Test2026
In which year was Value Added Tax (VAT) introduced at the State level in India?
Q58mediummcqGeneral KnowledgeUP Police Constable2026
In which year was the Reserve Bank of India established?
Q59mediummcqGeneral KnowledgeCompetitive Exam2026
Who is widely referred to as the father of GST (Goods and Services Tax) in India?
Q60easymcqGeneral StudiesAdda2472026
Which Indian organization is responsible for calculating and releasing the data?
Q61easymcqGeneral 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?
Q62mediummcqEconomics@NUM: 37SSC CGL2026
Which Indian State has the highest GDP?
Q63mediummcqGeneral Knowledge and General AwarenessSSC CPO 20242026
Which sector promotes modernisation and stable employment in the economy?
Q64mediummcqGeneral AwarenessMock Test2026
The cashless economy in India has been amplified with the Indian Government's initiative of:
Q65mediummcqGeneral AwarenessD.ZU-242026
What is the GST rate for necessary pre-packaged items like milk products, curd, bread, etc.?
Q66easymcqGeneral StudiesAdda2472026
What is the GST rate on mobile phones in India?
Q67easymcqGeneral AwarenessSSC Selection Post 2021 Matriculation Level2026
The period 2007-2012 was associated with the ______ Plan.
Q68mediummcqCurrent AffairsCompetitive Exam2026
The Central Government has launched which of the following app to verify the GST (Goods and Services Tax) Rates under the GST regime?
Q69mediummcqGeneral KnowledgePractice Test2026
Golden Revolution is related to the production of:
Q70mediummcqGeneral Knowledge and General AwarenessSSC CPO 20242026
Which of the following is an explicit feature of globalisation?
Q71mediummcqEconomicsSSC CGL2026
Which of the following Five Year Plan can be strategically associated with the Green Revolution?
Q72mediummcqEconomicsGeneral Awareness2026
Which sector has the highest number of people working in India?
Q73mediummcqGeneral AwarenessPractice Test2026
Which Indian scheme aims to provide a pension to unorganized workers, assuring a minimum pension of ₹ per month after the age of years?
Q74mediummcqEconomicsSSC CGL2026
In which of the following Five Year Plan was the growth rate target exceeded?
Q75mediummcqGeneral KnowledgeUP Police Constable2026
All bank accounts opened under the ____ were to have an overdraft facility of Rs. 5,000.
Q76mediummcqGeneral KnowledgeUP Police Constable2026
Which of the following taxes (a state tax) was subsumed in GST?
Q77mediummcqGeneral AwarenessSSC Combined Graduate Level Exam2026
In which year was Aatmanirbhar Bharat Rojgar Yojana launched?
Q78mediummcqGeneral AwarenessSSC CGL2026
Pradhan Mantri Mudra Yojana was announced under the leadership of ________.
Q79mediummcqGeneral KnowledgeCompetitive Exam Paper2026
Which was the last year when the Rail Budget and the Union Budget were presented separately in India?
Q80easymcqGeneral KnowledgeCompetitive Exam2026
What is the GST rate for necessary items like milk products, bread, etc.?
Q81mediummcqGeneral AwarenessGovernment Exams2026
Under which of the following rates can scheduled commercial banks borrow funds overnight from the Reserve Bank of India?
Q82mediummcqGeneral KnowledgeCompetitive Exam2026
In which year was the National Housing Bank established in India?
Q83mediummcqGeneral StudiesIndian Competitive Exams2026
Coal mines in India were nationalized on
Q84mediummcqGeneral StudiesCompetitive Exam2026
When was the first five year plan implemented in India?
Q85easymcqGeneral KnowledgeCompetitive Exam2026
Which of the following type of tax is submitted in Indian GST?
Q86mediummcqGeneral AwarenessGovernment Exams2026
The stock of food grains like wheat and rice procured by the government through Food Corporation of India (FCI) is called ________ stock.
Q87mediummcqGeneral StudiesPractice Test2026
The Pink Revolution in India is related to:
Q88mediummcqGeneral StudiesIndian Competitive Exams2026
Economic reforms in India are leading to
(i) concentration of economic activities.
(ii) widening gaps between the rich and poor people.
(iii) higher growth rate of metropolitan area.
(iv) low-cost access to urban amenities and services.
Q89mediummcqEconomicsCompetitive Examination2026
Jawahar Rozgar Yojana for rural employment was started in the year
Q90mediummcqGeneral StudiesPractice Test2026
The service sector of the economy is also known as:
Q91mediummcqIndian Economy & PolityCivil Services Exam2026
The Planning Commission of India was set up in which year?
Q92mediummcqGeneral AwarenessCompetitive Exam2026
What percentage of 500 and 1000 rupees notes was received by RBI after the 2016 demonetization?
Q93mediummcqGeneral StudiesIndian Competitive Exams2026
Air India was founded in
Q94mediummcqGeneral StudiesPractice Test2026
Which of the following documents is essential for exporting goods from India?
Q95mediummcqGeneral StudiesState Public Service Commission2026
Indian Green Revolution has divided into
Q96mediummcqEconomySSC CGL2026
Who among the following is the principal author of the Economic Survey in India?
Q97mediummcqGeneral StudiesPractice Test2026
The idea of a nationwide GST in India was first proposed by the _______ on Indirect Taxes in 2000.
Q98mediummcqEconomicsStaff Selection Commission2026
Banks were nationalized in India through an ordinance passed in the year:
Q99mediummcqGeneral Knowledge and General AwarenessPrepp2026
In which year was ‘Self Help Group – Bank Linkage Programme’ (SHG-BLP) introduced in India?
Q100mediummcqEconomicsStaff Selection Commission2026
The Fiscal Year in India is considered between:
12

Frequently Asked Questions

How many Indian Economy questions are on ExamTest.live?▼
We have 154 Indian Economy questions spread across 2 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Indian Economy MCQs free?▼
Yes. All Indian Economy questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Indian Economy questions?▼
Indian Economy questions are commonly asked in Economics, General Knowledge, General Studies, General Awareness, Economy. 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.