Preparing for the OSSSC RI, ARI, Amin, SFS, and ICDS Supervisor exams requires a solid understanding of the Indian economy. These competitive exams often feature questions on economic concepts, policies, and current trends. A focused study of the top 30 multiple-choice questions (MCQs) can significantly enhance your readiness. These questions cover critical topics such as GDP growth, inflation, fiscal policy, banking reforms, and trade. They are tailored to align with the exam pattern, helping candidates gain a comprehensive overview and practice efficiently for their upcoming assessments.
Top 30 Indian Economy MCQs for OSSSC RI,ARI, Amin, SFS, ICDS Supervisor
- What is the main purpose of RBI’s regulatory sandbox?
(a) To regulate financial institutions
(b) To test new financial innovations in a controlled environment
(c) To increase interest rates
(d) To provide loans to small businesses
Ans: (b) To test new financial innovations in a controlled environment - How many firms were selected for the test phase of the fifth cohort?
(a) Three
(b) Five
(c) Seven
(d) Ten
Ans: (b) Five - When was the fifth cohort of the regulatory sandbox announced?
(a) January of the previous year
(b) October of the previous year
(c) March of the current year
(d) July of the current year
Ans: (b) October of the previous year - How many applications were received for the fifth cohort?
(a) 15
(b) 18
(c) 22
(d) 30
Ans: (c) 22 - What is the theme of the fifth cohort?
(a) Digital Payments
(b) Financial Inclusion
(c) Fintech Solutions
(d) Theme-neutral
Ans: (d) Theme-neutral - By how much did digital payments in India increase year-over-year by March 31, 2024?
(a) 10.5%
(b) 12.6%
(c) 14.7%
(d) 15.3%
Ans: (b) 12.6% - What was the RBI-DPI as of March 31, 2024?
(a) 395.57
(b) 418.77
(c) 445.5
(d) 460.2
Ans: (c) 445.5 - What was the RBI-DPI in September 2023?
(a) 395.57
(b) 418.77
(c) 445.5
(d) 460.2
Ans: (b) 418.77 - What was the RBI-DPI in March 2023?
(a) 395.57
(b) 418.77
(c) 445.5
(d) 460.2
Ans: (a) 395.57 - By how many points did the All-India CPI for Agricultural Labourers increase in June 2024?
(a) 5 points
(b) 8 points
(c) 11 points
(d) 15 points
Answer: (c) 11 points - By how many points did the All-India CPI for Rural Labourers increase in June 2024?
(a) 5 points
(b) 8 points
(c) 11 points
(d) 15 points
Answer: (c) 11 points - What was the CPI-AL value in June 2024?
(a) 1270
(b) 1280
(c) 1290
(d) 1300
Answer: (b) 1280 - What does CPI-AL stand for?
(a) Consumer Price Index for Agricultural Labourers
(b) Consumer Price Index for Agricultural Land
(c) Consumer Price Index for All Labourers
(d) Consumer Price Index for Allied Labourers
Answer: (a) Consumer Price Index for Agricultural Labourers - What does CPI-RL stand for?
(a) Consumer Price Index for Rural Labourers
(b) Consumer Price Index for Rural Land
(c) Consumer Price Index for Real Labourers
(d) Consumer Price Index for Rural Locations
Answer: (a) Consumer Price Index for Rural Labourers - What is the estimated net tax receipt for the Budget 2024-25?
(a) ₹22.83 lakh crore
(b) ₹23.83 lakh crore
(c) ₹24.83 lakh crore
(d) ₹25.83 lakh crore
Ans: (d) ₹25.83 lakh crore - What is the projected fiscal deficit for 2024-25?
(a) 3.9% of GDP
(b) 4.0% of GDP
(c) 4.5% of GDP
(d) 4.9% of GDP
Ans: (d) 4.9% of GDP - How many industrial parks are planned under the “Viksit Bharat” theme?
(a) 8
(b) 10
(c) 12
(d) 14
Ans: (c) 12 - How many youth are expected to benefit from internship programs in top companies?
(a) 50 lakh
(b) 75 lakh
(c) 1 crore
(d) 1.5 crore
Ans: (c) 1 crore - What is the theme of Budget 2024-2025?
(a) Atmanirbhar Bharat
(b) Viksit Bharat
(c) Digital India
(d) Make in India
Ans: (b) Viksit Bharat - Which group is not a focus of the Budget 2024-2025?
(a) Women
(b) Poor
(c) Youth
(d) Senior Citizens
Ans: (d) Senior Citizens - What percentage of total expenditure is allocated for interest payments?
(a) 16%
(b) 19%
(c) 21%
(d) 25%
Ans: (b) 19% - What is the allocation for the Ministry of Road Transport and Highways?
(a) 2,00,000 crore
(b) 2,25,000 crore
(c) 2,50,000 crore
(d) 2,65,808 crore
Ans: (d) 2,65,808 crore - How much is allocated to Defence in the Budget 2024-25?
(a) 5.22 lakh crore
(b) 6.22 lakh crore
(c) 7.22 lakh crore
(d) 8.22 lakh crore
Ans: (b) 6.22 lakh crore - What is the budget allocation for Energy?
(a) 1,21,851 crore
(b) 1,31,851 crore
(c) 1,41,851 crore
(d) 1,51,851 crore
Ans: (d) 1,51,851 crore - What was India’s market capitalisation to GDP ratio rank globally?
(a) Second
(b) Third
(c) Fourth
(d) Fifth
Answer: (d) Fifth - What was the fuel inflation management measure taken in August 2023?
(a) LPG cylinder prices reduced by ₹200
(b) Petrol prices reduced by ₹2 per litre
(c) Diesel prices reduced by ₹2 per litre
(d) All of the above
Answer: (d) All of the above - Which program aims to develop the world’s largest, universal, high-quality preschool network?
(a) Vidyanjali Initiative
(b) Poshan Bhi Padhai Bhi
(c) Ayushman Bharat
(d) National Education Policy
Answer: (b) Poshan Bhi Padhai Bhi - What is the GDP growth forecast for India for FY25 according to the Asian Development Bank (ADB)?
(a) 6%
(b) 6.5%
(c) 7%
(d) 7.5%
Answer: (c) 7% - On which date did the Asian Development Bank maintain its GDP growth forecast for India?
(a) July 10, 2024
(b) July 17, 2024
(c) July 19, 2024
(d) July 25, 2024
Answer: (b) July 17, 2024 - Which institution revised India’s GDP growth forecast upward to 7% for FY25?
(a) World Bank
(b) IMF
(c) ADB
(d) FICCI
Answer: (b) IMF
