Indian Economy MCQ Questions 2026 – Topic-wise Practice for Banking, SSC, UPSC

What is the name of the economic policy implemented by the Government of India in 1991?

New Economic Policy

Liberalization Policy

Globalization Policy

Privatization Policy

Medium

💡 Explanation

The New Economic Policy was implemented by the Government of India in 1991, which aimed to liberalize and open up the Indian economy to foreign investment and trade.

What is the name of the government scheme that provides financial assistance to farmers for crop insurance?

Pradhan Mantri Fasal Bima Yojana

Pradhan Mantri Jan Dhan Yojana

Pradhan Mantri Awas Yojana

Pradhan Mantri Kaushal Vikas Yojana

Medium

💡 Explanation

The Pradhan Mantri Fasal Bima Yojana is a government scheme that provides financial assistance to farmers for crop insurance, and aims to reduce the risk of crop failure and promote agricultural growth.

What is the name of the government scheme that provides financial assistance to small and medium-sized enterprises?

Pradhan Mantri Mudra Yojana

Pradhan Mantri Jan Dhan Yojana

Pradhan Mantri Awas Yojana

Pradhan Mantri Kaushal Vikas Yojana

Medium

💡 Explanation

The Pradhan Mantri Mudra Yojana is a government scheme that provides financial assistance to small and medium-sized enterprises, and aims to promote entrepreneurship and job creation.

What is the name of the government scheme that provides financial assistance to farmers for soil health cards?

Pradhan Mantri Soil Health Card Scheme

Pradhan Mantri Fasal Bima Yojana

Pradhan Mantri Jan Dhan Yojana

Pradhan Mantri Awas Yojana

Medium

💡 Explanation

The Pradhan Mantri Soil Health Card Scheme is a government scheme that provides financial assistance to farmers for soil health cards, and aims to promote sustainable agriculture and reduce soil degradation.