Indian Economy GK Questions for Competitive Exams

Indian Economy GK Questions for Competitive Exams

Indian Economy GK has its own special place in General Knowledge in SSC CGL Exam. The Economy of India is a middle-income developing market economy. It is the fifth-largest economy in the world by nominal GDP and the third-largest by purchasing power parity (PPP). So there are more chances of questions coming in this Indian Economy. We are giving the very important questions of Indian Economy GK for you which is very important from the point of view of your exam.

Indian Economy GK

Here, I am sharing Indian Economy GK Questions and Answers related to the Economics of India, GDP, Tax, Natural resources, Human resources, Capital, and Institutional factors for learners preparing for competitive exams. You can practice Indian Economy GK Questions by reading this blog and it will be helpful for you to crack the Indian Economy section.

Also, Read Latest Current Affairs Questions 2022: Current Affairs Today

Students can quickly get free General Knowledge Mock Test and Current Affairs Mock Test on this platform for online exam practice to obtain good marks in competitive exams.

Indian Economy GK Questions for Competitive Exams

  Q :  

Which fruit has the largest area under agriculture in India?

(A) Banana

(B) Jackfruit

(C) Lychee

(D) Mango

Correct Answer : D

Q :  

In which year Foreign Exchange Management Act (FEMA) came into effect?

(A) 1999

(B) 2000

(C) 2002

(D) 2003

Correct Answer : D

Q :  

Do the poor save more than the rich?

(A) Relatively large portion of their income

(B) his entire income

(C) a relatively small portion of their income

(D) equal share of his income

Correct Answer : C

Q :  

In case of joint accounts who can stop the payment?

(A) by two account holders together

(B) any one of the account holders singly.

(C) all the account holders with permission of the bank.

(D) no one can stop the payment

Correct Answer : B

Q :  

In the context of investment, what are A, AA+, and AAA+?

(A) stock exchange index

(B) credit ratings

(C) market stability index

(D) profit equity index

Correct Answer : B
Explanation :

The difference between an AA+ and AAA credit rating is that a AAA rating is considered the highest credit rating possible, while an AA+ rating is still considered a high-quality credit rating, but slightly lower than AAA.

Q :  

Which of the following is not a basis of credit?

(A) Faith

(B) Education

(C) repaying ability

(D) Period of loan

Correct Answer : B

Q :  

Production and income calculation method is from economic point of view?

(A) Sahaj

(B) Scientist

(C) practical

(D) all three

Correct Answer : D

Q :  

When was the commercial bank nationalized?

(A) 1975

(B) 1966

(C) 1969

(D) 1980

Correct Answer : C

Q :  

Which state has the highest Human Development Index (HDI) in India?

(A) Gujarat

(B) Kerala

(C) Tamil Nadu

(D) Maharashtra

Correct Answer : B

Q :  Who is the richest state in India?

(A) TamilNadu

(B) Maharashatra

(C) Kerala

(D) Mumbai

Correct Answer : B

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    Rajesh Bhatia

    A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at

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