Indian Economy General Knowledge Objective Questions and Answers

Oct 21, 2023   By Rohini

Are you preparing for the Bank PO/ Clerical Exams or any other government job? Then you have to be thorough with the Indian economy questions and answers 2020. One must have to know about the Indian Economy Interview Questions and Answers before appearing for the interviews. To attempt the Civil or Competitive Exams, you must have to know each and every aspect regarding the Indian Economy Questions Answers. Go through India’s economy facts which are the important factors that influence our government institutions and people of India.

Are you anxious to know about the “Economy of India”? Then you are at the correct place to check the Indian economy Objective Questions Answers. Go through the following sections to verify “Why it is important to know about Indian economy?”. Let us find out the solutions for all these Indian Economy Questions. To attempt the Civils or Competitive Exams, you must have to know each and every aspect regarding the Indian Economy Questions Answers. Go through India’s economy facts which are the important factors that influence our government institutions and people of India.

Important Indian Economy General Knowledge  – Indian Economy Questions

What is Rupee? How it got a start, and how many coins and notes are there in India at present. We have given you the complete details about the latest currency changes happened in India. Candidates can get details about the types of notes that took published in India.  We made a great effort to give Contenders the complete details about the Indian Rupee which will help you for gaining more Knowledge. Candidates can get to know more about the NSE and BSE by reading this article.

The Indian rupee is the official currency of the Republic of India. The rupee is subdivided into 100 paise (singular paisa), though as of 2011, 25 paise is no longer considered as a legal tender. In 2010, a new symbol ‘₹’, was officially made an announcement. It was derived from the combination of the Devanagari consonant “र” (ra) and the Latin capital letter “R” without its vertical bar. The parallel lines at the top with white space between them are to make an illusion to the tricolour Indian flag, and also depict an equality sign that symbolizes the nation’s desire to reduce economic disparity.

  • On 8 November 2016, the Government of India announced the demonetization of ₹500 and ₹1000 banknotes with effect from midnight of the same day, making these notes invalid.
  • On 25 August 2017, a new denomination of ₹200 banknote was added to Indian currency

Types of Indian Coins Circulating

ValueYear of
First mintingLast minting
50 paise2011 
50 paise2008 
₹119922004
₹120042007
₹120072011
₹12011 
₹219822004
₹220052007
₹220072011
₹22011 
₹519922006
₹520072009
₹520092011
₹52011 
₹1020062010
₹102011present

Indian Economy Questions – Indian Economy Overview

Current Circulating Bank Notes

ValueDate of IssueCirculation
₹11994 / 2015Limited
₹52002 / 2009Limited
₹101996 / 2006Wide
₹202001 / 2006Wide
₹501997 / 2005/ 2017Wide
₹1001996 / 2005Wide
₹2002017Wide
₹5002016Wide
₹20002016Wide

Indian Economy Questions – Important GK Questions

Details About National Stock Exchange and Bombay Stock Exchange

There are two types of Stock Exchange markets in India
  • National Stock Exchange (NSE)
  • Bombay Stock Exchange (BSE)

National Stock Exchange (NSE)

  1. National Stock Exchange (NSE) is the leading stock exchange in India located in Mumbai.
  2.  In 1992 the establishment of NSE took place.
  3. The market capitalization worth of NSE is over $1.65 trillion.
  4. NSE is the 12th largest exchange of the world.
  5. Over 1,700 companies are on a list of NSE.

Bombay Stock Exchange (BSE)

  1.  In 1875 the establishment of Bombay stock exchange took place.
  2. BSE is at Dalal Street, Kala Ghoda, Mumbai.
  3. BSE makes it the oldest stock exchange in South Asia.
  4. The market capitalization worth of BSE is $1.7 trillion.
  5. BSE is the 10th largest exchange in the world.
  6. While over 5,500 companies are on a list of BSE.

Indian Economy Questions – Indian Economy Today

Top 30 companies in BSE

Name of the companyIndustry Name
Adani Ports and Special Economic Zone LtdPort
Asian Paints LtdPaints
Axis Bank LtdBank – Private
Bajaj Auto LtdAutomobile Two & Three Wheelers
Bharti Airtel LtdTelecommunication – Service Provider
Cipla LtdPharmaceuticals & Drugs
Coal India LtdMining & Minerals
Dr. Reddy’s Laboratories LtdPharmaceuticals & Drugs
HDFC Bank LtdBank – Private
Hero MotoCorp LtdAutomobile Two & Three Wheelers
Hindustan Unilever LtdHousehold & Personal Products
Housing Development Finance Corporation LtdFinance – Housing
ICICI Bank LtdBank – Private
Infosys LtdIT – Software
ITC LtdCigarettes/Tobacco
Kotak Mahindra Bank LtdBank – Private
Larsen & Toubro LtdEngineering – Construction
Lupin LtdPharmaceuticals & Drugs
Mahindra & Mahindra LtdAutomobiles – Passenger Cars
Maruti Suzuki India LtdAutomobiles – Passenger Cars
NTPC LtdPower Generation/Distribution
Oil & Natural Gas Corporation LtdOil Exploration
Power Grid Corporation Of India LtdPower Generation/Distribution
Reliance Industries LtdRefineries
State Bank Of IndiaBank – Public
Sun Pharmaceutical Industries LtdPharmaceuticals & Drugs
Tata Consultancy Services LtdIT – Software
Tata Motors – DVR OrdinaryAutomobiles-Trucks/Lcv
Tata Motors LtdAutomobiles-Trucks/Lcv
Tata Steel LtdSteel & Iron Products
Wipro LtdIT Software

Indian Economy Questions – Economy of India

Top 30 Companies in NSE 

Name of the companyIndustry Name
ABB India LtdElectric Equipment
ACC LtdCement & Construction Materials
Adani Ports and Special Economic Zone LtdPort
Ambuja Cements LtdCement & Construction Materials
Ashok Leyland LtdAutomobiles-Trucks/Lcv
Asian Paints LtdPaints
Aurobindo Pharma LtdPharmaceuticals & Drugs
Axis Bank LtdBank – Private
Bajaj Auto LtdAutomobile Two & Three Wheelers
Bajaj Finance LtdFinance – NBFC
Bajaj Finserv LtdFinance – Investment
Bank Of BarodaBank – Public
Bharat Electronics LtdEngineering – Industrial Equipment
Bharat Heavy Electricals LtdEngineering – Industrial Equipment
Bharat Petroleum Corporation LtdRefineries
Bharti Airtel LtdTelecommunication – Service Provider
Bharti Infratel LtdTelecommunication – Service Provider
Bosch LtdEngineering – Industrial Equipment
Britannia Industries LtdConsumer Food
Cadila Healthcare LtdPharmaceuticals & Drugs
Cipla LtdPharmaceuticals & Drugs
Coal India LtdMining & Minerals
Colgate-Palmolive (India) LtdHousehold & Personal Products
Container Corporation Of India LtdLogistics
Cummins India LtdDiesel Engines
Dabur India LtdHousehold & Personal Products
Divis Laboratories LtdPharmaceuticals & Drugs
DLF LtdConstruction – Real Estate
Dr. Reddy’s Laboratories LtdPharmaceuticals & Drugs
Eicher Motors LtdAutomobile Two & Three Wheelers

Latest Economy Details – Indian Economy Questions

Topics which come under Economy of India GK Questions:

  • Indian Economy Online Quiz.
  • Multiple choice questions on Indian economy
  • Indian economy general knowledge pdf
  • Economic questions and answers multiple choice
  • Indian economy objective questions and answers pdf
  • Download Indian Economy General Knowledge MCQ Questions
  • Economics objective questions and answers pdf
  • Indian economy for competitive exams pdf.

Indian Economy General Knowledge Questions and Answers – Indian Economy GK

  • What is the economy?
  • Indian economy overview
  • Types of economy
  • About stock exchanges
  • What is GDP and its role in Indian Economy
  • Important factors influencing economy
  • What is the Current economy of India?

In this section, you will know about the solutions to the above puzzles.

Download Indian Economy General Knowledge MCQ Questions

  • Census in India is being held regularly after every 10 years.
  • Maastricht Treaty provided for a common currency for the member countries of European Community.
  • In 1972 and 1973 years the cooking coals and non-cocking coal mines in India are nationalized.
  • The term NSDL stand for National Securities Depository Limited.
  • The Mumbai Stock Exchange was set up in the year 1875.
  • State Financial Corporations give assistance mainly to develop small and medium scale industries.
  • TRYSEM took a launch with the objective of helping the poor in rural areas to become self-employed.
  • The mining of coal started in the year 1774  in Raniganj.
  • The Chota Nagpur Plateau is famous for its mineral deposits in Jharkhand.
  • Maharashtra has the largest number of cotton textile mills.

Practice Indian Economy GK Quiz

Indian Economy Online Quiz | Indian Economy General Knowledge

General knowledge section plays the main role for any job in government sector. Indian economy Questions and answers play a wide portion in the competitive exams. Every dream to get the government Job. For that purpose, the candidates have to be smart enough to crack the recruitment exams. So, let’s come to understand about Indian economics. try to view the Indian Economy related concepts from the exam point of view. Who was the first administrator-statesman to attempt planning as a means for economic

General Knowledge questions on Indian Economy

  • India changed over to the decimal coinage in the year 1957.
  • Depreciation means loss of equipment over time due to wear and tear.
  • In the second nationalization of commercial banks, 6 banks were nationalized.
  • Gilt-edged market means Market of Government Securities.
  • ICICI is a name of Financial Institution.
  • The central banking functions in India are performed by the Reserve Bank of India.
  • Sir CP Ramaswami Aiyar is the first administrator-statesman to attempt planning as a means for economic development.
  • First Five Year Plan was to correct the disequilibrium in the economy.
  • A few sellers, many buyers is the basic characteristic of Oligopoly.
  • For training under TRYSEM scheme, people should have an age limit of 18-35.
  • Eighth Five Year Plan is used for the recognization of human development as the core of all developmental efforts.
  • India does not share its boundary with Taiwan.
  • Agricultural credit was the first co-operative movement in India initiated.
  • According to the census in 2001, Mumbai has the largest population.
  • SEBI stands for Securities and Exchange Board of India.
  • SEBI lies the basic regulatory authority for mutual funds and stock markets.

Download Free Economics PDF

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1Economics PDFFree Download Economics PDF
2Indian Economy PDFDownload Indian Economy PDF

Indian Economy Questions – Practice online Indian Economy Quiz

In this article, we have covered all important points related to the Indian economy. Candidates can also check preparation tips for the IBPS exams here. Check the Indian economy questions for bank exams. Read carefully about these topics and find out the solutions below.

  • NABARD is the organization that looks after the credit needs of agriculture and rural development in India.
  • An economy is at the take-off stage on its path to development when it begins steady growth
  • V Kurien is known as the ‘Father of White Revolution’.
  • Tea industry employs the largest number of women in India.
  • MS Swaminathan is the chief architect of Green Revolution that significantly improved the agricultural yield in the country.
  • Central Statistical Organization estimates the National Income in India.
  • Excise duty on liquor is the taxes that are levied by the state governments.
  • Agriculture employs almost 70 percent of the Indian population.

Stock GK Questions and Answers – General Knowledge Questions

SnoTopics to be coveredQuestionsStart the GK Quiz
1Indian HistoryHistory QuestionsTake quiz
2PolicticsQuestions on PoliticsStart quiz