While large language models excel on high-resource multilingual tasks, low- and extremely low-resource Indic languages remain severely under-evaluated. We present IndicParam, a human-curated benchmark of over 13,000 multiple-choice questions covering 11 such languages (Nepali, Gujarati, Marathi, Odia as low-resource; Dogri, Maithili, Rajasthani, Sanskrit, Bodo, Santali, Konkani as extremely low-resource) plus Sanskrit-English code-mixed set. We evaluated 20 LLMs, both proprietary and open-weights, which reveals that even the top-performing Gemini-2.5 reaches 58% average accuracy, followed by GPT-5 (45) and DeepSeek-3.2 (43.1). We additionally label each question as knowledge-oriented or purely linguistic to discriminate factual recall from grammatical proficiency. Further, we assess the ability of LLMs to handle diverse question formats-such as list-based matching, assertion-reason pairs, and sequence ordering-alongside conventional multiple-choice questions. IndicParam provides insights into limitations of cross-lingual transfer and establishes a challenging benchmark for Indic languages. The dataset is available at https://huggingface.co/datasets/bharatgenai/IndicParam. Scripts to run benchmark are present at https://github.com/ayushbits/IndicParam.

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