Indian Economy Practice Questions with Answers 2025 PDF Download.
Q16. Which sector contributes the most to India's GDP?
Correct Answer:
Services
Explanation: The services sector, including IT, finance, and tourism, contributes the largest share to India's GDP.
Q17. Which organization controls monetary policy in India?
Correct Answer:
Reserve Bank of India (RBI)
Explanation: The RBI manages India’s money supply, interest rates, and ensures financial stability.
Q18. What is the primary sector of the Indian economy?
Correct Answer:
Agriculture, forestry, and fishing
Explanation: The primary sector involves natural resources like farming, forestry, and fishing. It is the backbone of rural India.
Q19. What is GDP?
Correct Answer:
Gross Domestic Product
Explanation: GDP is the total value of all goods and services produced within a country in a year. It is used to measure the economic performance of a country.