Business & Economics Quiz

Play a free business and economics quiz on companies, banking, money, markets and the Indian economy. Multiple-choice questions with answers.

The business and economics quiz covers famous companies and founders, banking and finance terms, the RBI, taxation, markets and the Indian economy. It is handy practice for banking exams and for building financial awareness.

How to play the Business & Economics Quiz

1. Sign in and start the quiz. You get 15 random questions from a bank of 101.
2. Choose one of four options for each question, or skip it and move on.
3. Use lifelines when you are stuck: Hint, 50/50, Audience poll and Change question.
4. See your score at the end and find all your results in your profile.

Sample Business & Economics questions with answers

1. What does GDP stand for?

   • Gross Domestic Product
   • General Domestic Price
   • Global Domestic Product
   • Gross Development Plan

   Answer: Gross Domestic Product - GDP is the total value of goods and services produced within a country.

2. Which body decides the policy repo rate in India?

   • Ministry of Finance
   • NITI Aayog
   • Monetary Policy Committee of the RBI
   • SEBI

   Answer: Monetary Policy Committee of the RBI - The six-member MPC sets the repo rate.

3. Whose signature appears on Indian currency notes (except the ₹1 note)?

   • Governor of the RBI
   • Finance Minister
   • President of India
   • Finance Secretary

   Answer: Governor of the RBI - The ₹1 note is signed by the Finance Secretary.

4. The "Golden Revolution" in India is associated with:

   • Jute
   • Wheat
   • Gold mining
   • Horticulture and honey

   Answer: Horticulture and honey - It refers to growth in fruits, vegetables and honey.

5. Which organisation regulates the insurance sector in India?

   • NABARD
   • RBI
   • IRDAI
   • SEBI

   Answer: IRDAI - IRDAI – Insurance Regulatory and Development Authority of India.

6. Pradhan Mantri Jan Dhan Yojana (2014) mainly aims at:

   • Crop insurance
   • Financial inclusion through bank accounts
   • Skill development
   • Free housing

   Answer: Financial inclusion through bank accounts - It opened zero-balance bank accounts for millions of Indians.

7. Which economist is known as the "Father of Economics" and wrote "The Wealth of Nations"?

   • Karl Marx
   • John Maynard Keynes
   • David Ricardo
   • Adam Smith

   Answer: Adam Smith - Adam Smith published "The Wealth of Nations" in 1776.

8. Where is the headquarters of the Asian Development Bank?

   • New Delhi
   • Beijing
   • Manila
   • Tokyo

   Answer: Manila - The ADB was founded in 1966 and is based in Manila, Philippines.

9. Amazon was founded by:

   • Jeff Bezos
   • Jack Ma
   • Elon Musk
   • Bill Gates

   Answer: Jeff Bezos - Jeff Bezos started Amazon as an online bookshop in 1994.

10. What does "FDI" stand for?

    • Foreign Direct Investment
    • Federal Deposit Insurance
    • Foreign Debt Index
    • Fixed Deposit Interest

    Answer: Foreign Direct Investment - FDI is investment by a foreign entity in a business in another country.

Frequently asked questions

How many questions are in the Business & Economics Quiz?

Each round has 15 multiple-choice questions picked at random from 101 Business & Economics questions, so every attempt is different.

Is the Business & Economics Quiz free?

Yes, it is free to play. Sign in to start the quiz, and your scores are saved to your Thinkmad profile.

What lifelines can I use?

When you are stuck you can ask for a hint, use 50/50 to remove two wrong answers, check the audience poll, or change the question.

Can I see the correct answers?

Yes. After you answer, the quiz shows the correct option, and your final score lists how many answers were correct, wrong or skipped.