Indian Economy Questions

Question 1: What is the name of India's central bank?

Answer: Reserve Bank of India (RBI)

Question 2: Who is the current Finance Minister of India (as of 2024)?

Answer: Nirmala Sitharaman

Question 3: What is the full form of GDP?

Answer: Gross Domestic Product

Question 4: Which sector contributes the most to India's GDP?

Answer: Services Sector

Question 5: What is the currency of India?

Answer: Indian Rupee (INR)

Question 6: Which Indian organization is responsible for calculating the Consumer Price Index (CPI

Answer: Central Statistics Office (CSO)

Question 7: What is the full form of FDI?

Answer: Foreign Direct Investment

Question 8: Which Indian economic policy was liberalized in 1991?

 Indian Economy Questions

Answer: Economic Liberalization Policy

Question 9: What is the main purpose of the Goods and Services Tax (GST) in India?

Answer: To simplify the indirect tax structure

Question 10: Which Indian city is known as the financial capital of India?

Answer: Mumbai

Question 11: What is the primary function of the Securities and Exchange Board of India (SEBI)?

Answer: To regulate the securities market in India

Question 12: Which sector is known as the backbone of the Indian economy?

Answer: Agriculture Sector

Question 13: What does NITI Aayog stand for?

Answer: National Institution for Transforming India

Question 14: Which Indian economist won the Nobel Prize in Economic Sciences in 1998?

Answer: Amartya Sen

Question 15: What is the full form of MSME?

Answer: Micro, Small and Medium Enterprises

 Indian Economy Questions

Question 16: What is the purpose of the Pradhan Mantri Jan Dhan Yojana (PMJDY)?

Answer: Financial inclusion by providing bank accounts to the unbanked

Question 17: Which Indian initiative aims to make India a global manufacturing hub?

Answer: Make in India

Question 18: What is the full form of NPA in the banking sector?

Answer: Non-Performing Asset

Question 19: Which body is responsible for the collection of direct taxes in India?

Answer: Central Board of Direct Taxes (CBDT)

Question 20: What is the primary objective of the Mahatma Gandhi National Rural Employment Gua

Answer: To provide employment to rural households