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Indian Economy quiz: 95+ questions, play live
RBI, budgets, banking and economic history. Test yourself against real players in a fast Indian Economy trivia battle: ten questions, ten seconds each, and the quickest right answer scores the most.
Indian Economy quiz questions with answers
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Which committee, set up in August 1991, recommended reforms to India's financial system?
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Answer: Narasimham Committee. The Narasimham Committee proposed cutting SLR and CRR and freeing interest rates.
In which year was the National Payments Corporation of India founded?
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Answer: 2008. NPCI was founded in December 2008 by the RBI and the Indian Banks' Association.
During the 1991 crisis, India's forex reserves could cover roughly how much worth of imports?
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Answer: Three weeks. Foreign exchange reserves had shrunk to about three weeks of imports.
On what date was the 'Make in India' initiative launched?
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Answer: 25 September 2014. Make in India was launched on 25 September 2014.
In which year did the Imperial Bank of India become the State Bank of India?
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Answer: 1955. The Imperial Bank of India was renamed State Bank of India in 1955.
Who founded the Kaira dairy cooperative, later Amul, in 1946?
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Answer: Tribhuvandas Patel. The cooperative was founded by Tribhuvandas Kishibhai Patel in December 1946.
Which UPI service, launched in March 2022, lets feature-phone users make UPI payments?
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Answer: UPI 123PAY. UPI 123PAY was launched on 8 March 2022 for feature phone users.
Which was the first entirely Indian joint stock bank, founded at Faizabad in 1881?
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Answer: Oudh Commercial Bank. The Oudh Commercial Bank, set up in Faizabad in 1881, was the first fully Indian joint stock bank.
MGNREGA guarantees each rural household at least how many days of wage employment a year?
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Answer: 100. The Act guarantees at least 100 days of wage employment per financial year.
In which year was the Reserve Bank of India nationalised?
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Answer: 1949. The RBI was nationalised on 1 January 1949 and has since been fully owned by the government.
On what date did the Goods and Services Tax come into effect in India?
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Answer: 1 July 2017. GST took effect on 1 July 2017, a date now marked as GST Day.
Which RBI Governor, serving 1943-49, was the first Indian to head the central bank?
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Answer: C. D. Deshmukh. Sir C. D. Deshmukh led the RBI from 1943 to 1949, after two British governors.
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Inside the Indian Economy quiz
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Frequently asked questions
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More than 95 Indian Economy questions, checked by the Quix team, and new ones are added regularly. A match draws ten of them.
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Ten questions, ten seconds each, against up to three players matched to your level. Answer right and fast to score more; your first tap locks in.
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