Indian Economy

JKPSC Assistant Professor (Economics) · Economics · 66 practice questions with answers and explanations: 11 Easy, 54 Medium, 1 Hard.

Sample questions

Sample Easy question 1

Which sector contributes the largest share to India's GDP?

  1. Services sector
  2. Agriculture
  3. Mining
  4. Industry
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Answer: A. More than half of GVA comes from services.

Sample Easy question 2

The Bank nationalisation of 14 major banks took place in:

  1. 1980
  2. 1991
  3. 1969
  4. 1949
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Answer: C. Another six were nationalised in 1980.

Sample Easy question 3

The Narasimham Committee (1991) recommended:

  1. Land reforms
  2. Agricultural reforms
  3. Tax reforms
  4. Financial sector reforms
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Answer: D. It reviewed the banking system.

Sample Medium question 4

India's 'Make in India' initiative was launched in:

  1. 2010
  2. 2014
  3. 2004
  4. 2019
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Answer: B. It aims to promote manufacturing.

Sample Medium question 5

The 'Jan Dhan Yojana' aims at:

  1. Housing
  2. Financial inclusion
  3. Food security
  4. Employment
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Answer: B. It was launched in 2014.

Sample Medium question 6

The MUDRA scheme provides:

  1. Housing loans
  2. Student loans
  3. Loans to micro and small enterprises
  4. Farm loans
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Answer: C. It was launched in 2015.

Sample Hard question 7

The Chakravarty committee reviewed:

  1. The tax system
  2. The monetary system
  3. The land system
  4. The subsidy system
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Answer: B. It reported in 1985.

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