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Economics General Knowledge Questions

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Friends, India's Economics General Knowledge is the third largest economy in the world, along with the strengthening of Indian economy, every sector like industry-trade sector, agriculture sector, transportation sector, communication sector etc. Have developed economically. Apart from this, it is also necessary to have knowledge related to Indian economy to pass almost all the competition exam, because questions related to Indian economy GK are asked in every government exam.

Economics General Knowledge

Here, I am providing the Economics General Knowledge Questions for those learners who are preparing for competitive exams. In this post, I have updated the most important questions and answers around the Daily GK with the latest Economics General Knowledge Questions about many topics covered.

If you found this article useful for competitive exam preparation, then you can also start your preparation with GK Mock Test 2020 and Practice Tests.

Economics General Knowledge

Q :  

Who wrote the book 'Planned Economy for India'?

(A) M. Visvesvaraya

(B) Pt. Jawahar Lal Nehru

(C) Mahatma Gandhi

(D) Man Mohan Singh

Correct Answer : A

Q :  

In which year the concept of Multidimensional Poverty Index was introduced? 

(A) 2010

(B) 2011

(C) 2000

(D) 2008

Correct Answer : A

Q :  

Rural Employment Generation Programme (REGP) was launched in _____. 

(A) 1995

(B) 1990

(C) 1999

(D) 1992

Correct Answer : A

Q :  

What is the total stock of money in circulation among the public at a particular point of time called? 

(A) Money order

(B) Money supply

(C) Short money

(D) Money laundering

Correct Answer : B

Q :  

As per Census 2011, under which of the following ranges does the literacy rate in India fall? 

(A) 90% - 95%

(B) 50% - 55%

(C) 30% - 35%

(D) 70% - 75%

Correct Answer : D

Q :  

Central bank of our country is 

(A) State Bank of India

(B) Reserve Bank of India

(C) Central Bank of India

(D) Bank of Baroda

Correct Answer : B
Explanation :

1. The central bank of our country is the Reserve Bank of India.

2. It is the supreme bank of India and determines the monetary policy of the country.

3. RBI was established on April 1, 1935 under the Reserve Bank of India Act, 1934.


Q :  

Which of the following is called the ‘father of white revolution’ in India? 

(A) Hargovind Khurana

(B) V. Kurien

(C) M.S. Swaminathan

(D) P.K. Sethi

Correct Answer : B

Q :  

Which of the following committee is not associated to the estimation of poverty in India?

(A) V.K. Alagh Committee

(B) Suresh Tendulkar Committee

(C) Rangarajan Committee

(D) Vijay Kelkar Committee

Correct Answer : D
Explanation :

It is related to the assessment of poverty in India.

(A) V.K. Alagh Committee

(B) Suresh Tendulkar Committee

(C) Rangarajan Committee


Q :  

Who controls the credit generated by commercial banks?

(A) Government of India

(B) State Bank of India

(C) Reserve Bank of India

(D) Ministry of Finance

Correct Answer : C

Q :  

Who is a chairman of 15th Finance Commission of India?

(A) Nirmala Sitharaman

(B) Dr. Ashok Lahiri

(C) N. K. Singh

(D) Ajay Narayan

Correct Answer : C

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