Indian Economy Quiz 2
Practice quiz on Indian Economy (Economy). 5 real exam questions.
About This Quiz
Indian Economy Quiz 2 — Questions with Solutions
All 5 questions from this quiz with the correct answer and explanation. Attempt them yourself first, then open each solution to check your reasoning.
Q1.Which body regulates NBFCs in India?
- A.RBI
- B.SEBI
- C.SIDBI
- D.IRDAI
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Answer: A. RBI
The Reserve Bank of India regulates the licensing and operations of NBFCs.
Q2.Which constitutional amendment gave constitutional status to Panchayati Raj?
- A.42nd
- B.44th
- C.73rd
- D.74th
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Answer: C. 73rd
73rd Amendment Act, 1992 gave constitutional status to PRIs.
Q3.Which tax is levied on import of goods?
- A.Excise Duty
- B.Customs Duty
- C.Service Tax
- D.Sales Tax
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Answer: B. Customs Duty
Customs Duty is charged on imported goods.
Q4.Who audits the accounts of Panchayats?
- A.CAG
- B.State Government
- C.Gram Sabha
- D.Janpad Panchayat
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Answer: B. State Government
State government supervises and audits PRIs' accounts.
Q5.Which bank launched the 'YONO' digital banking platform?
- A.ICICI Bank
- B.HDFC Bank
- C.State Bank of India
- D.Axis Bank
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Answer: C. State Bank of India
YONO (You Only Need One) was launched by State Bank of India.
Frequently Asked Questions
Is Indian Economy Quiz 2 free to attempt on AajExam?
Yes. Indian Economy Quiz 2 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 Indian Economy Quiz 2?
Indian Economy Quiz 2 runs on a 1-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 Indian Economy Quiz 2 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 Indian Economy Quiz 2 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.