Question 1: What is the first step in the process of economic development?
Option 1: creating an environment which is conducive to the development of an economy
Option 2: initiating investment in productive assets
Option 3: starting trade with other countries
Option 4: increasing the per capita income of the people

Question 2: What is India’s GDP growth rate for the financial year 2019-20?
Option 1: 5%
Option 2: 6%
Option 3: 7%
Option 4: 8%

Question 3: What proportion of India’s GDP is attributed to the tertiary sector?
Option 1: 10%
Option 2: 20%
Option 3: 30%
Option 4: 40%

Question 4: What is the name of the first exclusive insurance sector regulator in India?
Option 1: Life Insurance Corporation of India
Option 2: Insurance Regulatory and Development Authority of India
Option 3: General Insurance Corporation of India
Option 4: None of theAbove

Question 5: What is the name of India’s Central Bank?
Option 1: The RBI
Option 2: The State Bank of India
Option 3: The Federal Reserve
Option 4: The Bank of England

Question 6: Which of the following is not a key economic indicator?
Option 1: inflation
Option 2: unemployment
Option 3: GDP
Option 4: retail sales

Question 7: What is the headquarters of the Reserve Bank of India?
Option 1: Chennai
Option 2: New Delhi
Option 3: Mumbai
Option 4: Kolkata

Question 8: Which among the following is the largest steel producing country in the world?
Option 1: Russia
Option 2: USA
Option 3: China
Option 4: India

Question 9: Which of the following is/are the objective/s of Make in India campaign?
Option 1: To make India a global hub for hi-tech manufacturing
Option 2: To increase the proportion of manufacturing sector in the economy
Option 3: To generate employment opportunities in the economy
Option 4: All of the above

Question 10: Which of the following is not a primary sector activity?
Option 1: Fishing
Option 2: Agriculture
Option 3: Manufacturing
Option 4: Mining

Question 11: What is the name of the current Prime Minister of India?
Option 1: Amit Shah
Option 2: Narendra Modi
Option 3: Rahul Gandhi
Option 4: Sonia Gandhi

Question 12: Which of the following is NOT one of the five-Year Plans of India?
Option 1: Second Five-Year Plan
Option 2: Fourth Five-Year Plan
Option 3: First Five-Year Plan
Option 4: Third Five-Year Plan

Question 13: What is the primary sector of the Indian economy traditionally known for?
Option 1: Services
Option 2: Agriculture
Option 3: Manufacturing
Option 4: IT

Question 14: Which Five-Year Plan is known for the introduction of economic liberalization in India?
Option 1: Fifth Plan
Option 2: Sixth Plan
Option 3: Eighth Plan
Option 4: Ninth Plan

Question 15: What does the term ‘GDP’ stand for in the context of the Indian economy?
Option 1: Gross Domestic Product
Option 2: General Development Process
Option 3: Gross Domestic Policy
Option 4: Government Debt Percentage

Question 16: Which sector is the largest employer in India?
Option 1: Agriculture
Option 2: Services
Option 3: Manufacturing
Option 4: IT

Question 17: What is the main regulatory body for the stock market in India?
Option 1: RBI
Option 2: SEBI
Option 3: IRDA
Option 4: PFRDA

Question 18: What does FDI stand for in the context of the Indian economy?
Option 1: Foreign Direct Investment
Option 2: Fiscal Deficit Indicator
Option 3: Financial Development Index
Option 4: Federal Deposit Insurance

Question 19: Which industry is often referred to as the backbone of the Indian economy?
Option 1: Textiles
Option 2: Agriculture
Option 3: IT
Option 4: Automobile

Question 20: What is the primary focus of the Make in India initiative?
Option 1: Import substitution
Option 2: Export promotion
Option 3: Service sector growth
Option 4: Manufacturing sector growth