Economics Important Questions

In various competitive exams, questions related to Indian Economics are asked in written exams and interviews. Along with this, it is necessary for the students to have a systematic knowledge of the economic functions of human beings in economics. Here, I am providing the Latest Most Important Economics Important Question for those learners who are preparing for competitive exams. In this post, I have updated the most important questions answers around Indian Economics with latest current affairs questions and answers about many topics covered.
  
I have prepared the Economics Important Question blog to increase your Economics GK level as well as increase your confidence level for competitive exams.

Economics Important Question for Competitive Exam

Q.1 In India, which one among the following formulates the fiscal policy?

(A) Planning Commission

(B) Ministry of Finance

(C) Finance Commission

(D) The Reserve Bank of India

Q.2 Short-term finance is usually for a period ranging up to

(A) 5 months      

(B) 10 months

(C) 12 months    

(D) 8 months

Q.3 Redistribution policies geared to reduce economic inequalities include

(A) progressive tax policies

(B) land reforms

(C) rural development policies

(D) All the above

Q.4 If the RBI adopts an expansionist open market operations policy, this means that it will

(A) buy securities from non-government holders

(B) sell securities in the open market

(C) offer commercial banks more credit in the open market

(D) openly announce to the market that it intends to expand credit

Q.5 Subsidies mean

(A) payment by the government for the purchase of goods and services

(B) payment made by business enterprises to factors of production

(C) payment made by companies to shareholders

(D) payment made by the government to business enterprises, without buying any goods and services

Q.6 In which of the following sequences the change in the quantity of money leads to a change in the price level in the Keynesian models?

(A) Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level

(B) Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level

(C) Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level

(D) Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level

Q.7 Paper currency first started in India in

(A) 1861                

(B) 1542

(C) 1601                

(D) 1880

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