Quiz Questions on Indian Economy PDF

1. Which Indian bank was the first to be established in India? a) Bank of Hindustan b) Bank of Bengal c) State Bank of India d) Punjab National Bank Answer: a) Bank of Hindustan 2. On which date was the Goods and Services Tax (GST) implemented...

1. Which Indian bank was the first to be established in India? a) Bank of Hindustan b) Bank of Bengal c) State Bank of India d) Punjab National Bank Answer: a) Bank of Hindustan 2. On which date was the Goods and Services Tax (GST) implemented in India? a) July 1, 2016 b) July 1, 2017 c) April 1, 2018 d) January 1, 2019 Answer: b) July 1, 2017 3. What was the “Amrit Kaal” vision's focus in the Union Budget 2023-24? a) Economic growth b) Sustainable development c) Digital transformation d) All of the above Answer: d) All of the above 4. Who was India's first finance minister? a) John Mathai b) R. K. Shanmukham Chetty c) Nirmala sitharaman d) Gulzarilal Nanda Answer: b) R. K. Shanmukham Chetty 5. What Does GDP stand for? a) Gross development product b) Gross domestic profit c) Gross dividend profit d) Gross domestic product Answer: d) gross development product 6. The average income of a country is known as? a) Real national income b) Per capita income c) Disposable income d) None of the above Answer: b) per capita income 7. What is the currency of South Korea a) Yen b) Tenge c) Won d) Kyat Answer: c) won 8. What is the full form of ICAI? a) Institute of Chartered Accountants of India b) Institute of Chartered Accountancy in India c) Institution of Chartered Accountants India d) Institution of Chartered Accountancy of India Answer: a) institution of chartered accountants of India 9. At which of the following cities is the head office of the Reserve Bank of India located? a) New Delhi b) Kolkata c) Mumbai d) Dehradun Answer: c) Mumbai 10. A commercial bill is a type of ______. a) Promissory note b) Cheque c) Stamp d) Bills of exchange Answers: d) bills of exchange 11. What is a simple example of a stock index in India. a) NSE b) Sensex c) BSE d) SEBI Answer: b) sensex 12. GST is a _______. a) Indirect b) Customs tax c) Value added tax d) Direct tax Answer: a) indirect tax 13. SENSEX is the popular index of the Bombay Stock Exchange. It is measured on the basis of how many blue-chip companies are listed in BSE. a) 20 b) 30 c) 25 d) 10 Answer: b) 30 14. ‘Taka’ is the currency of which country? a) Bulgaria b) Spain c) Bangladesh d) Bhutan Answer: c) Bangladesh 15. Who presented the “dream budget” in 1997? a) Yashwant Sinha b) P. Chidambaram c) Jaswant Singh d) Arun Jaitley Answer: b) p. Chidambaram 16. Which Finance Minister introduced the Goods and Services Tax (GST) in India? a) Manmohan Singh b) P. Chidambaram c) Nirmala sitharaman d) Arun Jaitley Answer: d) Arun Jaitley 17. Which personal care brand is owned by the company Honasa Consumer ltd that will be soon in the market with an IPO? a) Mamaearth b) Zomato c) OYO d) Boat Answer: a) mamaearth 18. Which of the following companies was originally known as “Backrub” before it was renamed to its current name? a) Yahoo b) Microsoft c) Google d) Amazon Answer: c) google 19. Who is the founder of Microsoft? a) Mark Zuckerberg b) Bill gates c) Steve jobs d) Jeff Bezos Answer: b) bills gates 20. What does SWOT stand for in a SWOT analysis? a) Stock, weaknesses, opportunities, trade b) Strengths, weaknesses, opportunities, trade c) Stock, wages, opportunities, trade d) strengths, Weaknesses, Opportunities, Threats answer: d) strengths, Weaknesses, Opportunities, Threats 21.