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