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Indian Economy GK Questions with Answers – Page 7

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Indian Economy multiple choice questions with answers and explanations, 20 per page, for SSC, Banking, UPSC, Railway and state exams.

1127 questions

Indian Economy NotesOnly previous-year questions (580)GK Quiz
Q121.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2019, GS Paper IHard

Consider the following statements : 1. Petroleum and Natural Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of India. 2. One of the tasks of PNGRB is to ensure competitive markets for gas. 3. Appeals against the decisions of PNGRB go before the Appellate Tribunals for Electricity. Which of the statements given above are correct?

  1. A.1 and 2 only
  2. B.2 and 3 only
  3. C.1 and 3 only
  4. D.1, 2 and 3
Show answer
Correct answer: B. 2 and 3 only

PNGRB promotes competition in gas markets and its decisions are appealed before the electricity tribunal, but it was far from the first regulator in India.

Q122.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2022, GS Paper IHard

Consider the following statements : 1. The India Sanitation Coalition is a platform to promote sustainable sanitation and is funded by the Government of India and the World Health Organization. 2. The National Institute of Urban Affairs is an apex body of the Ministry of Housing and Urban Affairs in Government of India and provides innovative solutions to address the challenges of Urban India. Which of the statements given above is/are correct ?

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
Show answer
Correct answer: B. 2 only

The India Sanitation Coalition is an industry-led platform, not one funded by the Government of India and the WHO.

Q123.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2024, GS Paper IMedium

With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana, consider the following statements : 1. The entry age group for enrolment in the scheme is 21 to 40 years. 2. Age specific contribution shall be made by the beneficiary. 3. Each subscriber under the scheme shall receive a minimum pension of ₹ 3,000 per month after attaining the age of 60 years. 4. Family pension is applicable to the spouse and unmarried daughters. Which of the statements given above is/are correct ?

  1. A.1, 3 and 4
  2. B.2 and 3 only
  3. C.2 only
  4. D.1, 2 and 4
Show answer
Correct answer: B. 2 and 3 only

PM-SYM is a contributory pension scheme for unorganised workers in which the worker's monthly share depends on the age at joining and the Centre matches it.

Q124.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2026, GS Paper IHard

Consider the following statements about Multidimensional Poverty Index (MPI): 1. MPI is calculated using Alkire-Foster methodology. 2. MPI calculated by NITI Aayog has a total of twelve indicators. 3. Maternal Health and Bank Account are common indicators in the MPI of NITI Aayog and MPI of United Nations Development Programme (UNDP). Which of the statements given above is/are correct?

  1. A.1 and 2 only
  2. B.1, 2 and 3
  3. C.1 and 3 only
  4. D.2 only
Show answer
Correct answer: A. 1 and 2 only

Maternal health and bank account are the two indicators India added on its own, so they are not common to both indices.

Q125.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2017, GS Paper IEasy

Consider the following statements : The nation-wide 'Soil Health Card Scheme' aims at 1. expanding the cultivable area under irrigation. 2. enabling the banks to assess the quantum of loans to be granted to farmers on the basis of soil quality. 3. checking the overuse of fertilizers in farmlands. Which of the above statements is/are correct ?

  1. A.1 and 2 only
  2. B.3 only
  3. C.2 and 3 only
  4. D.1, 2 and 3
Show answer
Correct answer: B. 3 only

The scheme tells farmers what their soil lacks so that they apply only the fertilizer it needs.

Q126.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2019, GS Paper IHard

With reference to India's Five-Year Plans, which of the following statements is/are correct? 1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries. 2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power. 3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan. Select the correct answer using the code given below.

  1. A.1 and 2 only
  2. B.2 only
  3. C.3 only
  4. D.1, 2 and 3
Show answer
Correct answer: A. 1 and 2 only

Statements 1 and 2 describe real turns in Indian planning, while statement 3 does not.

Q127.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2024, GS Paper IMedium

With reference to the 'Pradhan Mantri Surakshit Matritva Abhiyan', consider the following statements : 1. This scheme guarantees a minimum package of antenatal care services to women in their second and third trimesters of pregnancy and six months post-delivery health care service in any government health facility. 2. Under this scheme, private sector health care providers of certain specialities can volunteer to provide services at nearby government health facilities. Which of the statements given above is/are correct ?

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
Show answer
Correct answer: B. 2 only

The abhiyan is about antenatal check-ups during pregnancy, not six months of care after delivery.

Q128.Indian EconomyAsked in: CDS · CDS-I 2020, GKEasy

Saubhagya, a Government of India Scheme, relates to which of the following areas?

  1. A.Achieving universal household electrification
  2. B.Providing clean cooking fuel to poor households
  3. C.Rationalizing subsidies on LPG
  4. D.Stopping female foeticide
Show answer
Correct answer: A. Achieving universal household electrification

Saubhagya, the Pradhan Mantri Sahaj Bijli Har Ghar Yojana, was launched in 2017 to give an electricity connection to every household in India.

Q129.Indian EconomyAsked in: CDS · CDS-II 2026, GKEasy

India's reliance on imported energy exposes it to geopolitical supply shocks. In this context, what is the most likely short-term impact of a major disruption in crude oil imports?

  1. A.Decrease in inflation
  2. B.Strengthening of the rupee
  3. C.Higher input costs and inflation pressure
  4. D.Increase in exports
Show answer
Correct answer: C. Higher input costs and inflation pressure

When crude supply is disrupted, oil prices rise, and almost every good in India becomes costlier to make and move.

Q130.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2024, GS Paper IHard

With reference to the Digital India Land Records Modernisation Programme, consider the following statements: 1. To implement the scheme, the Central Government provides 100% funding. 2. Under the Scheme, Cadastral Maps are digitised. 3. An initiative has been undertaken to transliterate the Records of Rights from local language to any of the languages recognized by the Constitution of India. Which of the statements given above are correct ?

  1. A.1 and 2 only
  2. B.2 and 3 only
  3. C.1 and 3 only
  4. D.1,2 and 3
Show answer
Correct answer: D. 1,2 and 3

All three statements about the Digital India Land Records Modernisation Programme are correct.

Q131.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2026, GS Paper IHard

With reference to different Committees in India, consider the following details : (Committee — Objective — Organization under which it was formed) 1. R.N. Malhotra Committee — Comprehensive reforms of Insurance sector in India — Insurance Regulatory and Development Authority of India 2. L.C. Gupta Committee — Preparing a roadmap for introduction of derivatives trading in India — Securities and Exchange Board of India 3. Urjit R. Patel Committee — Preparing a roadmap for reforming bank lending to the Housing sector — Reserve Bank of India 4. Y.H. Malegam Committee — Preparing a roadmap for reforms in Microfinance sector in India — Reserve Bank of India In which of the above rows are all the details correctly matched ?

  1. A.2 only
  2. B.2 and 3
  3. C.1,3 and 4
  4. D.2 and 4
Show answer
Correct answer: D. 2 and 4

All details are right only in rows 2 and 4. The L.C.

Q132.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2022, GS Paper IMedium

In India, which one of the following compiles information on industrial disputes, closures, retrenchments and lay-offs in factories employing workers ?

  1. A.Central Statistics Office
  2. B.Department for Promotion of Industry and Internal Trade
  3. C.Labour Bureau
  4. D.National Technical Manpower Information System
Show answer
Correct answer: C. Labour Bureau

The Labour Bureau, an attached office of the Ministry of Labour and Employment, collects and publishes statistics on industrial disputes, closures, retrenchments and lay-offs.

Q133.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2016, GS Paper IEasy

Pradhan Mantri MUDRA Yojana is aimed at

  1. A.bringing the small entrepreneurs into formal financial system
  2. B.providing loans to poor farmers for cultivating particular crops
  3. C.providing pensions to old and destitute persons
  4. D.funding the voluntary organizations involved in the promotion of skill development and employment generation
Show answer
Correct answer: A. bringing the small entrepreneurs into formal financial system

Pradhan Mantri MUDRA Yojana gives collateral-free loans to small and micro business owners so that they can borrow from banks instead of moneylenders.

Q134.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2019, GS Paper IMedium

Which of the following is issued by registered foreign portfolio investors to overseas investors who want to be part of the Indian stock market without registering themselves directly?

  1. A.Certificate of Deposit
  2. B.Commercial Paper
  3. C.Promissory Note
  4. D.Participatory Note
Show answer
Correct answer: D. Participatory Note

A Participatory Note, or P-Note, lets a foreign investor gain exposure to Indian shares through an FPI that is registered with SEBI, without registering in India itself.

Q135.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2016, GS Paper IMedium

What is/are the purpose/purposes of Government's 'Sovereign Gold Bond Scheme' and 'Gold Monetization Scheme'? 1. To bring the idle gold lying with Indian households into the economy 2. To promote FDI in the gold and jewellery sector 3. To reduce India's dependence on gold imports Select the correct answer using the code given below.

  1. A.1 only
  2. B.2 and 3 only
  3. C.1 and 3 only
  4. D.1, 2 and 3
Show answer
Correct answer: C. 1 and 3 only

Both schemes, launched in November 2015, aimed to put idle household gold to work and to cut the demand for imported gold; neither was about foreign investment.

Q136.Indian EconomyAsked in: CDS · CDS-II 2022, GKMedium

Which one of the following Labour Codes notified by the Government of India incorporated various provisions of the Central Labour Acts such as the Factories Act, 1948 and Plantations Labour Act, 1951?

  1. A.The Occupational Safety, Health and Working Conditions Code, 2020
  2. B.The Industrial Relations Code, 2020
  3. C.The Code on Wages, 2019
  4. D.The Code on Social Security, 2020
Show answer
Correct answer: A. The Occupational Safety, Health and Working Conditions Code, 2020

The Occupational Safety, Health and Working Conditions Code, 2020 brought together the Factories Act, 1948, the Plantations Labour Act, 1951 and other laws on safety and working conditions.

Q137.Indian EconomyAsked in: CDS · CDS-II 2026, GKMedium

India's fiscal deficit widens significantly due to increased Government spending on subsidies while tax revenue remains unchanged. Which one of the following is the most likely consequence?

  1. A.Inflation will rise, interest rates will fall, and private investment will increase
  2. B.Inflation will rise, interest rates may rise, and private investment may slow down
  3. C.Inflation will fall, interest rates will rise, and private investment will increase
  4. D.Inflation will fall, interest rates will fall, and GDP growth will accelerate
Show answer
Correct answer: B. Inflation will rise, interest rates may rise, and private investment may slow down

A wider deficit financed by borrowing tends to push up inflation and interest rates, and higher interest rates can slow private investment.

Q138.Indian EconomyAsked in: CDS · CDS-I 2019, GKMedium

Consider the following statements about indifference curves:

1. Indifference curves are convex to the origin.

2. Higher indifference curve represents higher level of satisfaction.

3. Two indifference curves cut each other.

Which of the statements given above is/are correct?

  1. A.1 only
  2. B.1 and 2
  3. C.2 and 3
  4. D.3 only
Show answer
Correct answer: B. 1 and 2

Statements 1 and 2 are correct; statement 3 is wrong because two indifference curves can never cut each other. An indifference curve shows the combinations of two goods that give a consumer the same satisfaction.

Q139.Indian EconomyAsked in: CDS · CDS-I 2020, GKMedium

Which one of the following is the earliest launched scheme of the Government of India?

  1. A.Deendayal Antyodaya Yojana
  2. B.Pradhan Mantri Gram Sadak Yojana
  3. C.Saansad Adarsh Gram Yojana
  4. D.Deendayal Upadhyaya Grameen Kaushalya Yojana
Show answer
Correct answer: B. Pradhan Mantri Gram Sadak Yojana

Pradhan Mantri Gram Sadak Yojana, launched on 25 December 2000, is the oldest of the four schemes. PMGSY was started to give all-weather road connectivity to unconnected rural habitations, and it is fully centrally sponsored.

Q140.Indian EconomyAsked in: CDS · CDS-II 2026, GKMedium

With reference to Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, which of the following statements is/are correct?

1. It provides health insurance coverage to vulnerable families

2. It covers both secondary and tertiary care hospitalization

3. It is applicable to all citizens irrespective of income

Select the answer using the code given below:

  1. A.1 only
  2. B.2 only
  3. C.1 and 2
  4. D.2 and 3
Show answer
Correct answer: C. 1 and 2

Statements 1 and 2 describe the scheme correctly, while statement 3 does not, because the scheme is targeted at poor and vulnerable families rather than every citizen.