Economics GK Questions and Answers for Competitive Exams
Explore your knowledge of the Indian Economy and Economics GK by solving the questions and answers provided below within the article. In the majority of styles of competitive exams; questions that supported Indian Economics 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 exam like UPSC, PSC, SSC, CDS, and others.
Economics GK Questions
Here, we are providing Economics GK Questions and Answers related to competitive exams, with the help of which you can check your performance with right and wrong answers by solving Indian Economics GK questions at your level and checking your result. After that, you can also know about your status in the competitive exam.
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Economics GK Questions and Answers for Competitive Exams
Q : National Insurance Awareness Day was observed on which day?
(A) 26 June
(B) 27 June
(C) 28 June
(D) 29 June
Correct Answer : C
Central bank of our country is
(A) State Bank of India
(B) Reserve Bank of India
(C) Central Bank of India
(D) Bank of Baroda
Correct Answer : B
Explanation :
1. The central bank of our country is the Reserve Bank of India.
2. It is the supreme bank of India and determines the monetary policy of the country.
3. RBI was established on April 1, 1935 under the Reserve Bank of India Act, 1934.
GNP differs from NNP due to
(A) Interest on public debt
(B) depreciation
(C) net indirect taxes
(D) direct taxes
Correct Answer : B
Which of the following committee is not associated to the estimation of poverty in India?
(A) V.K. Alagh Committee
(B) Suresh Tendulkar Committee
(C) Rangarajan Committee
(D) Vijay Kelkar Committee
Correct Answer : D
Explanation :
It is related to the assessment of poverty in India.
(A) V.K. Alagh Committee
(B) Suresh Tendulkar Committee
(C) Rangarajan Committee
What was the main focus of India’s first five year plan?
(A) Research related development and Space related development
(B) Development of Information Technology
(C) Rapid growth of heavy industries
(D) Development of primary sector with focus on agriculture
Correct Answer : D
Which of the following is called the ‘father of white revolution’ in India?
(A) Hargovind Khurana
(B) V. Kurien
(C) M.S. Swaminathan
(D) P.K. Sethi
Correct Answer : B
"National Clean Air Programme" launched in India.
(A) 2002
(B) 2019
(C) 2017
(D) 2016
Correct Answer : B
Who controls the credit generated by commercial banks?
(A) Government of India
(B) State Bank of India
(C) Reserve Bank of India
(D) Ministry of Finance
Correct Answer : C
Round Revolution in India was related to -
(A) Potato
(B) Onion
(C) Oil seeds
(D) Tomato
Correct Answer : A
Which of the following country is not included in the category of top-5 gold holder countries of the world?
(A) China
(B) America
(C) Germany
(D) Italy
(E) None of these
Correct Answer : A
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Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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