GK-Indian Economic Questions and Answers

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General Knowledge Indian Economic Questions with Answers focus on Indian economy and fiscal policies. Useful in SSC, Bank, and UPSC exams, they strengthen your understanding of national economic systems

GK-Indian Economic

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11. Which plan was called the “Gadgil Yojana”?

  • First Plan
  • Second Plan
  • Third Plan
  • Fourth Plan
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12. Which committee recommended LPG (Liberalisation, Privatisation, Globalisation) reforms?

  • Kelkar Committee
  • Narasimham Committee
  • Shah Commission
  • Sarkaria Commission
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13. When was the Indian Rupee decimalised?

  • 1947
  • 1957
  • 1967
  • 1977
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14. Which state in India is the largest producer of coal?

  • Odisha
  • Jharkhand
  • Chhattisgarh
  • Madhya Pradesh
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15. Which index measures inflation at the wholesale level in India?

  • Consumer Price Index
  • Wholesale Price Index
  • Producer Price Index
  • Retail Price Index
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16. Which Indian economist won the Nobel Prize in Economics in 1998?

  • Raghuram Rajan
  • Amartya Sen
  • Manmohan Singh
  • Kaushik Basu
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17. Which scheme guarantees 100 days of employment in rural areas?

  • PMAY
  • MGNREGA
  • NRLM
  • Skill India
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18. What is India's rank in terms of nominal GDP globally (2024)?

  • 3rd
  • 5th
  • 7th
  • 10th
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19. Which body is responsible for calculating India's national income?

  • RBI
  • NABARD
  • NSO (MoSPI)
  • Finance Commission
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20. Which Indian state has the highest GDP as of 2024?

  • Tamil Nadu
  • Maharashtra
  • Karnataka
  • Uttar Pradesh
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