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Economics GK | Economics Questions and Answers for Competitive Exams

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Questions of Economics GK


71. The International Finance Corporation (IFC) was established in?

a) 1956
 b) 1972
 c) 1985
 d) 1960

Ans . A


72. Where is the headquarters of Asian Development Bank (ADB) situated?

a) Manila
 b) Delhi
 c) Bangkok
 d) Hong Kong

Ans . A


73. Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans?

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

Ans . D


74. Who is known as the ‘Father of Economics’?

a) Adam Smith
 b) Chanakya
 c) Machiavelli
 d) None of these

Ans . A


75. Which was the first Indian Bank to introduce credit card?

a) Central Bank of India
 d) ICICI

Ans . A


76. When did India become a member of the IMF?

a) 1947
 b) 1956
 c) 1960
 d) 1951

Ans . A


77. Euro is the currency of European Union. When did it come into being?

a) 1999
 b) 1995
 c) 2000
 d) 2001

Ans . A


78. When did the Foreign Exchange Regulation Act (FERA) come into being?

a) 1973
 b) 1975
 c) 1980
 d) 1981

Ans . A


79. When did Regional Rural Banks start functioning in India?

a) 1975
 b) 1947
 c) 1956
 d) 1960

Ans . A


80. In India, income tax is levied by

a) Union Government
 b) State Governments
 c) Ministry of Finance
 d) RBI

Ans . A

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