GK-Indian Economic Questions and Answers
Practice ModeShowing 10 of 20 questions
Q11
Which plan was called the “Gadgil Yojana”?
Answer: Option C
Explanation: The Third Five-Year Plan (1961–1966) is known as the Gadgil Yojana.
Q12
Which committee recommended LPG (Liberalisation, Privatisation, Globalisation) reforms?
Answer: Option B
Explanation: The Narasimham Committee recommended financial sector reforms leading to LPG.
Q13
When was the Indian Rupee decimalised?
Answer: Option B
Explanation: The Indian rupee was decimalised in 1957, dividing it into 100 paise.
Q14
Which state in India is the largest producer of coal?
Answer: Option B
Explanation: Jharkhand is the largest coal-producing state in India.
Q15
Which index measures inflation at the wholesale level in India?
Answer: Option B
Explanation: The Wholesale Price Index (WPI) measures inflation at the wholesale level.
Q16
Which Indian economist won the Nobel Prize in Economics in 1998?
Answer: Option B
Explanation: Amartya Sen won the Nobel Prize in Economics in 1998.
Q17
Which scheme guarantees 100 days of employment in rural areas?
Answer: Option B
Explanation: MGNREGA guarantees 100 days of wage employment to rural households.
Q18
What is India's rank in terms of nominal GDP globally (2024)?
Answer: Option B
Explanation: India is the 5th largest economy in the world in terms of nominal GDP (2024).
Q19
Which body is responsible for calculating India's national income?
Answer: Option C
Explanation: The National Statistical Office (NSO) under MoSPI calculates India's national income.
Q20
Which Indian state has the highest GDP as of 2024?
Answer: Option B
Explanation: Maharashtra has the highest Gross State Domestic Product in India.