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