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Top 100 Indian Economics GK Questions

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Q :  Which of the following activities are examples of data gathering?

(A) Counting the votes in an election to determine the next governor

(B) Making a pie chart showing the kinds of television sets owned by people in a sample of 1,000

(C) Finding the mean weight of cancer patients in a study

(D) Using the results of a mathematical model to predict the next day's weather

Correct Answer : A
Explanation :
Answer: A) Counting the votes in an election to determine the next governor Explanation: Option A) "Counting the votes in an election to determine the next governor"  is the only one where data gathering is done.   In all other options, data is already collected and now analyzing of data is going on.

Q :  To the economist, total cost includes

(A) neither implicit nor explicit costs.

(B) implicit, but not explicit, costs.

(C) explicit, but not implicit, cost.

(D) explicit and implicit costs.

Correct Answer : D
Explanation :
Answer: D) explicit and implicit costs. Explanation:

Q :  

When was the Life Insurance Corporation of India established?

(A) 1960

(B) 1980

(C) 1956

(D) 1975

Correct Answer : C

Q :  

Where is Dalal Street located?

(A) Mumbai

(B) Paris

(C) New Delhi

(D) none of these

Correct Answer : A

Q :  

Who has the absolute right to issue paper note currency in India?

(A) Urban Co-operative Bank

(B) Bank of India

(C) Finance Commission

(D) Reserve Bank

Correct Answer : D

Q :  

_____ is the primary sector of the Indian economy.

(A) Banking

(B) Information and Technology

(C) Agriculture

(D) Judiciary

Correct Answer : C

Q :  

__________ is not a loan category in MUDRA Scheme.

(A) Shishu

(B) Kishore

(C) Yuva

(D) Tarun

Correct Answer : C

Q :  

Which of the following Economic survey was also famous as Pink Economic survey?

(A) Economic survey 2015-16

(B) Economic survey 2016-17

(C) Economic survey 2017-18

(D) Economic survey 2019-2020

Correct Answer : C

Q :  

नए बैंक लाइसेंस जारी करने के लिए आरबीआई के मसौदा दिशानिर्देशों के अनुसार, भारत में लाइसेंस के लिए आवेदन करने वाले नए बैंक के लिए पूंजी पर्याप्तता अनुपात क्या है?

(A) 9%

(B) 10%

(C) 11%

(D) 12%

Correct Answer : C, D

Q :  

FEMA (Foreign Exchange Management Act) was finally implemented in the year_____.

(A) 1991

(B) 1997

(C) 2002

(D) 2007

Correct Answer : C
Explanation :

Foreign Exchange Management Act, 1999 (FEMA) came into force by an act of Parliament. It was enacted on 29 December 1999.


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