Indian Economy MCQ — Free Practice
Economic concepts, banking, budget, planning, sectors, poverty and India's external sector.
157 questions with answers and explanations. Pick one of the 9 topics below and check each answer as you go, then take the full subject test to see where you stand.
In RAS Prelims papers (Economy): 2024 – 11 questions · 2023 – 8 questions
Topics
Basic economic concepts
20 questions
Who is known as the 'Father of Economics'?
Inflation & monetary policy
15 questions
Classified by its cause, inflation resulting from a rise in production costs such as wages and crude oil prices is called:
Banking & financial markets
20 questions
The Reserve Bank of India was set up on the recommendations of which body?
Public finance & budget
20 questions
A budgeting method in which every item of expenditure must be justified afresh from zero each year, instead of starting from the previous…
Agriculture, industry & services
20 questions
Who is widely regarded as the father of the Green Revolution in India?
External sector & international bodies
15 questions
The International Monetary Fund (IMF) and the World Bank (IBRD) were created as an outcome of which conference held in 1944?
Poverty, unemployment & welfare
15 questions
Consider the following statements about poverty estimates for 2011-12: 1. By the Tendulkar methodology, the share of population below the…
Budget, banking & inflation
12 questions
The Reserve Bank of India was established in:
Planning & NITI Aayog
20 questions
NITI Aayog replaced the Planning Commission with effect from: