Gk Questions on Indian Economy for UPSC, SSC, RPSC, UPPSC and all other competitive examinations.

Indian Economy Gk Questions

1. Who is called the pioneer of liberalization of the Indian economy?
   A) Manmohan Singh
   B) Atal Bihari Vajpayee
   C) P.V. Narasimha Rao
   D) Indira Gandhi

Answer: A) Manmohan Singh

2. Who is the current Finance Minister of India?
   A) Narendra Modi
   B) Rajnath Singh
   C) Amit Shah
   D) Nirmala Sitharaman

Answer: D) Nirmala Sitharaman

3. When was the first five-year plan started in India?
   A) 1942
   B) 1947
   C) 1951
   D) 1965

Answer: C) 1951

4. When was the Reserve Bank of India established?
   A) 1935
   B) 1947
   C) 1950
   D) 1969

Answer: A) 1935

5. Which Indian state is the largest producer of coal?
   A) Jharkhand
   B) Madhya Pradesh
   C) Chhattisgarh
   D) Odisha

Answer: C) Chhattisgarh

6. What is the name of the initiative launched by the Indian government to promote digital payments?
   A) Digital India
   B) Make in India
   C) Swachh Bharat Abhiyan
   D) Jan Dhan Yojana

Answer: A) Digital India

7.What is the official currency of India?
A) Indian Rupee (INR)
B) Indian Dollar (IND)
C) Indian Peso (INP)
D) Indian Euro (INE)

Answer: A) Indian Rupee (INR)

8. Who is responsible for printing currency notes in India?
   A) Ministry of Finance
   B) Reserve Bank of India (RBI)
   C) State Bank of India (SBI)
   D) Indian Minting Corporation (IMC)

Answer: B) Reserve Bank of India (RBI)

9. What is the full form of MGNREGA?
   A) Mahatma Gandhi National Rural Employment Guarantee Act
   B) Minimum Guarantee National Rural Employment Growth Act
   C) Maximum Guarantee National Rural Economic Growth Act
   D) Minimum Guarantee National Rural Employment Guarantee Act

Answer: A) Mahatma Gandhi National Rural Employment Guarantee Act

10. Who was the first Indian economist to win the Nobel Prize in Economics?
    A) Raghuram Rajan
    B) Amartya Sen
    C) Manmohan Singh
    D) C. Rangarajan

Answer: B) Amartya Sen

11. Which Indian city is known as the “Silicon Valley of India?”
    A) Hyderabad
    B) Mumbai
    C) Pune
    D) Bengaluru

Answer: D) Bengaluru

12. Which is the largest public sector bank in India?
    A) Punjab National Bank (PNB)
    B) State Bank of India (SBI)
    C) ICICI Bank
    D) HDFC Bank

Answer: B) State Bank of India (SBI)

13. What is the name of India’s national income measurement organization?
    A) Reserve Bank of India (RBI)
    B) Ministry of Finance
    C) Central Statistics Office (CSO)
    D) NITI Aayog

Answer: C) Central Statistics Office (CSO)

14. What is the full form of NITI Aayog?
    A) National Institution for Transforming India
    B) National Investment in Technology and Innovation Aayog
    C) National Initiative for Trade and Industry Aayog
    D) National Infrastructure and Technology Integration Aayog

Answer: A) National Institution for Transforming India

15. Which organization is responsible for regulating the securities market in India?
    A) Ministry of Finance
    B) Securities and Exchange Board of India (SEBI)
    C) Reserve Bank of India (RBI)
    D) National Stock Exchange (NSE)

Answer: B) Securities and Exchange Board of India (SEBI)