Economics GK | Economics Questions and Answers for Competitive Exams
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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Rajesh Bhatia
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