This quiz on Indian Economy is designed to help students, aspirants of competitive exams like UPSC, SSC, and Banking, and anyone interested in understanding India’s economic framework. It includes 20 multiple choice questions covering key topics such as GDP, inflation, monetary and fiscal policy, planning, taxation, and government schemes. Each question comes with four options and a detailed explanation of the correct answer , helping you not only test your knowledge but also understand the reasoning behind each answer. This set is a valuable tool for strengthening your grasp of core economic concepts relevant to India.
Which tax is levied by the Central Government but collected by the states?
Which of the following is NOT included in the calculation of Gross National Product (GNP)?
The term ‘Dutch Disease’ in economics is associated with:
Which index is primarily used by the Reserve Bank of India to measure inflation targeting?
What does the term 'base effect' refer to in the context of inflation?
What is the impact of depreciation of the Indian Rupee on imports and exports?
Which of the following best describes the concept of 'Crowding Out' in public finance?
What is the full form of NITI Aayog?
Which of the following is not a tool of quantitative monetary policy used by the RBI?
Which of the following will increase the money supply in the economy?
Which of the following schemes is directly linked to achieving 'financial inclusion' in India?
Who prepares the Economic Survey of India?
Which of the following is a regressive form of taxation?
What does 'Stagflation' refer to in macroeconomics?
The concept of 'twin deficit' in Indian economy refers to which two deficits?
What is the 'Phillips Curve' used to show?
What is the current base year for calculating GDP in India?
In the context of India’s fiscal policy, which of the following is NOT a component of revenue expenditure?
Which of the following is not included in the calculation of the Human Development Index (HDI)?
Which of the following correctly describes the term ‘Hawala Transaction’?
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