Explore your knowledge of the Indian Economy and Economics GK by solving questions and answers provided below within the article. In the majority of styles of competitive exams; questions that supported the Indian Economy are asked. Here, we've got compiled quite questions on the various sections of the Indian Economy and Economics GK that will be very useful for every kind of competitive exams like UPSC, PSC, SSC, CDS, and others.
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Q : How many banks were nationalized in 1969?
(A) 16
(B) 14
(C) 15
(D) 20
In India, inflation measured by the
(A) Wholesale Price Index number
(B) Consumers Price Index for urban non-manual workers
(C) Consumers Price Index for agricultural workers
(D) National Income Deflation
The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
(A) 15 to 20 percent
(B) 20 to 25 percent
(C) 25 to 30 percent
(D) 30 to 35 percent
National expenditure includes
(A) consumption expenditure
(B) investment expenditure
(C) government expenditure
(D) All of the above
The apex body for formulating plans and coordinating research work in agriculture and allied fields is
(A) State Trading Corporation
(B) Regional Rural Banks
(C) National Bank for Agriculture and Rural Development (NABARD)
(D) Indian Council of Agricultural Research
Ex-officio secretary of the National Development Council is?
(A) Secretary General of the Lok Sabha
(B) Secretary of the Planning Commission
(C) Secretary of the Ministry of Finance
(D) none of these
Who is the largest producer of cellphones in the world is the country?
(A) China
(B) America
(C) France
(D) India
The most important item of non-plan expenditure is?
(A) Defense
(B) Fertilizer Subsidy
(C) interest payment
(D) none of these
In India, the first bank of limited liability managed by Indians and founded in 1881 was
(A) Hindustan Commercial Bank
(B) Oudh Commercial Bank
(C) Punjab National Bank
(D) Punjab and Sind Bank
The annual yield from which of the following Union Government taxes is the highest?
(A) Custom duties
(B) Corporation tax and income tax
(C) Inheritance tax, wealth tax, interest tax and gift tax
(D) Excise duties
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