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Economics GK | Economics Questions and Answers for Competitive Exams

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Questions and Answers of Economics GK


61. The Reserve Bank of India was nationalized in?

a) 1947
 b) 1948
 c) 1950
 d) 1956

Ans . B


62. What is a Bank which has capital and reserves of over Rs. 5 lakhs called?

a) National Bank
 b) Cooperative Bank
 c) Scheduled Bank
 d) Unscheduled Bank

Ans . C


63. The Export-Import (EXIM) Bank was set up in

a) 1982
 b) 1983
 c) 1987
 d) 1985

Ans . A


64. Which of the following has the sole right of issuing paper notes in India?

a) Union Government
 b) Reserve Bank of India
 c) Ministry of Finance
 d) Supreme Court

Ans . B


65. In India, coins and subsidiary coins are issued by

a) Union Government
 b) Reserve Bank of India
 c) Ministry of Finance
 d) Supreme Court

Ans . C


66. Which of the following is entrusted with the task of receiving all money on behalf of the Government as also with the task of making payments on their behalf?

a) State Bank of India
 b) Reserve Bank of India
 c) Ministry of Finance
 d) Union Parliament

Ans . B


67. When was the International Monetary Fund (IMF) established?

a) 1944
 b) 1945
 c) 1948
 d) 1950

Ans . A


68. Decision taken at Bretton Woods Conference led to the formation of

a) IDA
 b) IMF
 c) ADB
 d) IFC

Ans . B


69. The International Bank for Reconstruction and Development (IBRD) is better known as

a) World Bank
 b) Asian Development Bank
 c) IMF
 d) It is known by its name

Ans . A


70. Which sister organization of the World Bank provides long term loans at zero interest to the poorest developing countries?

a) Asian Development Bank
 b) IMF
 c) International Developmental Association
 d) International Finance Corporation

Ans . C

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