MCQ on Indian Economy for Competitive Exams 2024

Test your knowledge on the topic of the Indian Economy with this challenging set of MCQ on Indian Economy! Are you up for the challenge?

MCQ on Indian Economy

1. What is the primary sector of the Indian economy?

a) Manufacturing

b) Agriculture

c) Services

d) Construction

2. Which of the following is not a major agricultural crop in India?

a) Wheat

b) Rice

c) Sugarcane

d) Tea

3. Which sector contributes the most to India’s GDP?

a) Primary

b) Secondary

c) Tertiary

d) Quaternary

4. The Reserve Bank of India (RBI) is responsible for:

a) Fiscal Policy

b) Monetary Policy

c) Trade Policy

d) Industrial Policy

5. Which of the following is not a measure of inflation?

a) GDP deflator

b) Consumer Price Index (CPI)

c) Wholesale Price Index (WPI)

d) Gross National Product (GNP)

6. The Indian rupee symbol (₹) was adopted in the year:

a) 2008

b) 2009

c) 2010

d) 2011

7. Which of the following is not a member of BRICS?

a) Brazil

b) Russia

c) India

d) South Korea

8. The Planning Commission of India was replaced by which institution?

a) NITI Aayog

b) Ministry of Finance

c) RBI

d) SEBI

9. The largest stock exchange in India is:

a) National Stock Exchange (NSE)

b) Bombay Stock Exchange (BSE)

c) Multi Commodity Exchange (MCX)

d) Delhi Stock Exchange (DSE)

10. Which of the following is the primary regulator for securities markets in India?

a) Securities and Exchange Board of India (SEBI)

b) Reserve Bank of India (RBI)

c) Ministry of Finance

d) National Stock Exchange (NSE)

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