Indian Economy: General Knowledge Questions and Answers

Indian Economy questions and answers are most essential for all competitive exams. In this section, you will find many basic types of Indian economy questions and answers. Practice these questions and answers that will help you crack any competitive exam like SSC, IBPS, PO, RBI, PSC, RAIL, PSU, and many more exams.

Now, all competitive exams are online so here you can practice free online exams in our Online test section. We are providing many exams Indian economy questions with solutions regularly. Check out this page regularly to get updated questions, math puzzles, riddles, and quizzes. Here you will find many other subjects General knowledge questions and answers. On this website, you can practice Indian Economy Quiz for any exams.

Indian Economy Questions and Answers

Q1. What is the contribution of the chemical industry to Indian GDP?

[A] 6%

[B] 4%

[C] 8%

[D] 3%

Q2. The first wholly Indian Bank was set up in

[A] 1896

[B] 1902

[C] 1894

[D] 1794

Q3. Reserve Bank of India was nationalized in the year

[A] 1969

[B] 1949

[C] 1935

[D] 1945

Q4. Who among the following presented Union Budget maximum number of times?

[A] Pranav Mukherjee

[B] Morarji Desai

[C] P. Chidambaram

[D] R K Shanmukham Chetty

Q5. Who is known as the father of Indian Economics?

[A] Bal Gangadhar Tilak

[B] Gopal Krishna Gokhale

[C] M G Ranade

[D] Adam Smith

Q6. Who among the following is responsible for preparation of National Income estimates in India?

[A] Central Statistical Organization

[B] Finance Commission

[C] IRDA

[D] NITI Aayog

Q7. Who propounded the Market law?

[A] T. R. Malthus

[B] J. B. Say

[C] David Ricardo

[D] Adam Smith

Q8. India has ranked ___________ rank in World Bank’s ‘Ease of doing business’ index.

[A] 101

[B] 102

[C] 100

[D] 99

Q9. Who is known as the ‘Father of Public Sector Undertakings’ in India?

[A] V Krishnamurthy

[B] Sashi Sivramkrishna

[C] Prasanta Chandra Mahalanobis

[D] Ashok Desai

Q10. What is the Color of Rs.50 bank notes in Mahatma Gandhi (New) series introduced recently?

[A] Ray blue

[B] Fluorescent Blue

[C] Stone Grey

[D] Magenta