General KnowledgeIndian Economymixed

Economic Scene Quiz

Practice quiz on Economic Scene (General Knowledge & General Awareness). 10 exam-style questions with explanations.

10
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10
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About This Quiz

Practice quiz on Economic Scene (General Knowledge & General Awareness). 10 exam-style questions with explanations. Economic Scene Quiz is a free, 10-minute, 10-mark practice quiz on AajExam rated at mixed difficulty, designed to help candidates preparing for SSC, UPSC, Banking, Railway and State PSC government competitive exams sharpen their command of Indian Economy (General Knowledge). Every question on this quiz ships with a detailed step-by-step solution so you don't just learn the right answer — you learn the reasoning and shortcuts top scorers use to crack similar questions faster on the actual exam day. Why Economic Scene Quiz matters in your preparation: government exam-conducting bodies repeatedly draw questions from the same chapters and the same skill-clusters across recruitment cycles. By attempting focused topic-wise quizzes like this one, you build pattern recognition — the ability to spot which formula, rule or trick applies the moment you see a question. Toppers consistently report that 5-10 quizzes on a single topic delivers more exam-day score gain than 20+ unfocused full-length mocks, because targeted drilling exposes your specific sub-topic weaknesses with surgical precision. How to use this quiz effectively: attempt it in one sitting under the 10-minute timer, without referring to notes or external resources — simulate exam-day conditions exactly. After submission, review the auto-generated analytics to see your accuracy, time per question and section-wise performance. Then go through every wrong and skipped question with the explanation, mentally tagging the underlying concept rather than just memorising the answer. Revisit this quiz after 7-10 days; your second attempt should be 15-20% faster with noticeably better accuracy. After mastering this quiz, explore the 6 related quizzes linked below to broaden your topic coverage. AajExam quiz design principles: every quiz on the platform is curated by subject experts using the actual question formats, difficulty distributions and time pressures of the target government exams. We deliberately avoid generic "textbook" questions in favour of exam-replicating ones. Solutions are written in plain English (and Hindi where source material was bilingual), with step-by-step working for quantitative problems, grammar rules for English questions, and direct reference statements for general awareness items. Performance analytics after each attempt include accuracy, attempt rate, time spent per question, and an estimated all-India percentile so you know exactly where you stand against other candidates. This quiz is completely free to attempt. You only need a free AajExam account to track your performance across attempts, view detailed solutions and unlock the platform-wide analytics dashboard. The platform is mobile-friendly and works seamlessly on smartphones, tablets and desktops — so you can sharpen your Indian Economy (General Knowledge) skills in any spare 15-minute window.
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Economic Scene Quiz — Questions with Solutions

All 10 questions from this quiz with the correct answer and explanation. Attempt them yourself first, then open each solution to check your reasoning.

  1. Q1.India's GDP growth is measured by the

    • A.RBI
    • B.NITI Aayog
    • C.SEBI
    • D.NSO / MoSPI
    Show answer

    Answer: D. NSO / MoSPI

    MoSPI.

  2. Q2.The Economic Survey is presented before the

    • A.Union Budget
    • B.Monsoon session
    • C.Census
    • D.Elections
    Show answer

    Answer: A. Union Budget

    A day before.

  3. Q3.Which sector contributes the most to India's GDP?

    • A.Mining
    • B.Agriculture
    • C.Services
    • D.Industry
    Show answer

    Answer: C. Services

    Services (~55%).

  4. Q4.Foreign Direct Investment is

    • A.Investment by a foreign entity in India
    • B.Export
    • C.Loans
    • D.Taxes
    Show answer

    Answer: A. Investment by a foreign entity in India

    FDI.

  5. Q5.India's economy ranks ___ in the world by nominal GDP (2023-24).

    • A.10th
    • B.5th
    • C.1st
    • D.20th
    Show answer

    Answer: B. 5th

    Fifth largest.

  6. Q6.The planning body replaced by NITI Aayog is the

    • A.UPSC
    • B.Finance Commission
    • C.Election Commission
    • D.Planning Commission
    Show answer

    Answer: D. Planning Commission

    2015.

  7. Q7.Disinvestment means

    • A.Buying shares
    • B.Printing money
    • C.Government selling its stake in PSUs
    • D.Raising taxes
    Show answer

    Answer: C. Government selling its stake in PSUs

    Disinvestment.

  8. Q8.Balance of payments records

    • A.Transactions with the rest of the world
    • B.Bank deposits
    • C.Government budget
    • D.Taxes
    Show answer

    Answer: A. Transactions with the rest of the world

    BoP.

  9. Q9.Fiscal policy is framed by the

    • A.SEBI
    • B.Government (Finance Ministry)
    • C.RBI
    • D.IRDAI
    Show answer

    Answer: B. Government (Finance Ministry)

    Taxes and spending.

  10. Q10.Monetary policy is framed by the

    • A.Supreme Court
    • B.Parliament
    • C.Finance Ministry
    • D.RBI
    Show answer

    Answer: D. RBI

    RBI.

Frequently Asked Questions

Is Economic Scene Quiz free to attempt on AajExam?

Yes. Economic Scene Quiz is completely free. You only need a free AajExam account to track your score, view detailed solutions and unlock cross-attempt analytics.

How long does it take to complete Economic Scene Quiz?

Economic Scene Quiz runs on a 10-minute timer in real exam-style conditions. The clock starts the moment you click Start, mirroring the time pressure of the actual exam.

Are detailed solutions provided?

Yes. Every question on Economic Scene Quiz ships with a complete step-by-step solution, the underlying concept, and (where applicable) shortcut tricks. You can also discuss any question with the AajExam community.

Can I attempt Economic Scene Quiz multiple times?

Yes. You can attempt this quiz as many times as you like. Each attempt is recorded separately so you can track improvement in score, accuracy and time-management.

Which government exams does this quiz prepare me for?

Indian Economy questions appear regularly in SSC CGL, CHSL, MTS, GD; IBPS PO, Clerk; SBI PO, Clerk; RRB NTPC, Group D; UPSC prelims and most State PSC exams. The specific weightage varies by exam — check the exam pattern on the corresponding AajExam exam page for details.

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