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Indian Economy Quiz 2019 MCQs General Knowledge for All Competitive Exams

Indian Economy Quiz 2019

It is seen in many competitive exams there are questions based Indian Economy. So to help you with your exam preparation, here we have given latest Indian Economy Quiz 2019 MCQs and General Knowledge question on Indian Economy. Candidates must go through these Indian Economy GK Questions and Answers to increase their knowledge.

Indian Economy Quiz

Indian Economy GK Quiz

In below section we have provided Questions on Indian Economy or Indian Economy Quiz Questions to help you with your preparation. So, have a look on below given Indian Economy MCQs or Indian Economy Quiz and prepare for Competitive Exams.

Question 1: What is the position of India by GDP (nominal) according to International Monetary Fund list, 2012?

  1. Third
  2. Fifth
  3. Tenth
  4. Twelve

Answer: 3

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Question 2: Which bank is the first to introduce ATM in India?

  1. HSBC
  2. ICICI
  3. SBI
  4. UCO Bank

Answer: 1

Question 3: Which sector is the largest source of employment in India?

  1. Textile
  2. Agriculture
  3. Services
  4. Tourism

Answer: 2

Question 4: In which year India adopted liberal and free-market principles

  1. 1991
  2. 1993
  3. 1995
  4. 1997

Answer: 1

Question 5: Which country shares the highest percentage of Indian Imports?

  1. UAE
  2. USA
  3. China
  4. Russia

Answer: 3

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Question 6: Interim budget is also known as….

  1. Mini budget
  2. Vote on Account
  3. Both a and b
  4. None of these

Answer: 3

Question 7: Which article of the Constitution envisages Budget?

  1. Article 280
  2. Article 110
  3. Article 360
  4. Article 112

Answer: 4

Question 8: In budget 2019-20, the government set the target to distribute……. LPG connections under the Ujjawala Yojna.

  1. 6 crore
  2. 10 crore
  3. 5 crore
  4. 8 crore

Answer: 4

Question 9: What is the target (in terms of GDP) of Fiscal Deficit for FY 2019-20?

  1. 1%
  2. 5%
  3. 4%
  4. 4%

Answer: 3

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Question 10:  What is the biggest item of government expenditure in budget 2019-20?

  1. Loan repayment
  2. Defense expenditure
  3. Expenditure on Central Plans
  4. Share of the states in taxes and fees

Answer: 4

Question 11: Which Indian state uses biggest quantity of fertilizer in India?

  1. Punjab
  2. Karnataka
  3. P
  4. Maharashtra

Answer: 1

Question 12: Black revolution is related to the…….

  1. Fish production
  2. Coal production
  3. Crude oil production
  4. Mustard Production

Answer: 3

Question 13: What percentage of Indian GDP is contributed by the service sector?

  1. 25 % of GDP
  2. 60 % of GDP
  3. 53% of GDP
  4. 49 % of GDP

Answer: 2

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Question 14: Which of the following sector does not comes under the service sector in India?

  1. Real estate
  2. Transport
  3. Restaurants & hotels
  4. Formation of electronic television

Answer: 4

Question 15: What is the current rate of service tax in India currently?

  1. 5%
  2. 5%
  3. 14%
  4. 5%

Answer: 3

Question 16: How many services (till 2012) are included in the service tax currently in India?

  1. 119
  2. 110
  3. 98
  4. 85

Answer: 1

Question 17: Since when the service tax is being imposed in India?

  1. 1991
  2. 1999
  3. 1994
  4. 2001

Answer: 3

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Question 18: What is the most widely used tool of monetary policy?

  1. Issuing of notes
  2. Open market operations
  3. Discount rate
  4. None of these

Answer: 2

Question 19: When RBI does some open market operation transactions, it wishes to regulate which of the following?

  1. Inflation
  2. Supply of money in the economy
  3. Borrowing power of the commercial banks
  4. A & B

Answer: 4

Question 20: When the cash reserve ratio (CRR) is increased by the RBI, it will:

  1. Increase the supply of money in the economy
  2. Decrease the supply of money in the economy
  3. No impact on the supply of money in the economy
  4. Initially increase the supply but later on decrease automatically.

Answer: 2

Question 21: Banking sector comes under which of the following sectors?

  1. Manufacturing sector
  2. Industrial sector
  3. Service sector
  4. None of these

Answer: 3

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Question 22: Which of the following is the recently opened bank in India?

  1. IDFC
  2. Bandhu
  3. Axus
  4. Gunjan

Answer: 1

Question 23: BASEL NORMS are related to the:

  1. Insurance sector
  2. Tele communication
  3. Real estate
  4. Banking sector

Answer: 4

Question 24: Which of the following is not the monetary tool?

  1. CRR
  2. SLR
  3. Deficit financing
  4. Open market operations

Answer: 3

Question 25: How much interest is paid by the RBI on the money deposited under the CRR measure?

  1. Equal to the rate of CRR
  2. More than the CRR
  3. Less than the CRR
  4. No interest is paid by the RBI

Answer: 4

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Question 26: Who is responsible for the supply of coins in the India?

  1. Reserve bank Of India
  2. Ministry of finance
  3. Ministry of commerce and industry
  4. Banker’s association of India

Answer: 2

Question 27: RBI increases the rate of interest in the situation of:

  1. Higher inflation
  2. Lower inflation
  3. In the pressure of commercial banks
  4. None of these

Answer: 2

Question 28: Launching of Sansad Adarsh Gram Yojna is related to the:

  1. Vallabh Bhai Patel
  2. Deen Dayal Upadhyay
  3. Mahatma Gandhi
  4. Jai Prakash Narayan

Answer: 4

Question 29: Which of the following two programmes are merged with MGNREGA?

  2. SGRY & SJSY
  3. NFFWP & JRY
  4. None of these

Answer: 1

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Question 30: “TRYSEM” a Programme made for the:

  1. Employment to Rural youths
  2. Employment to Urban youths
  3. Development of nutrition intake in the food of poor of the country.
  4. Providing road connectivity to the villages.

Answer: 1

Indian Economy GK Questions

Reading daily GK Indian Economy Quiz will help the individual in all exams because most of competitive exams include General Knowledge as common section. Practicing daily Indian Economy Questions or Objective Questions on Indian Economy will encourage you and gives motivation to achieve your desired goals.

MCQ on Indian Economy

Indian Economy GK questions or Indian Economy MCQ include all updates related to National, International, Sports affairs and other important agenda. So start preparing for your exam by today only, we recommend you to solve Indian Economy Quiz on regular basis for the better result.


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