Indian Economics GK Quiz for Competitive Exams

The first Indian bank to open a branch outside India was the Bank of India. It established its first overseas branch in London in 1946.

The Malthusian theory explained that the human population grows more rapidly than the food supply until famines, war or disease reduces the population. He believed that the human population has risen over the past three centuries.

Shri Shaktikanta Das, IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India assumed charge as the 25th Governor of the Reserve Bank of India effective December 12, 2018.

Providing financial support to the countries having deficit balance of payments.

The Approach Paper has proposed a target of 8 per cent growth for the Twelfth Plan. Health, education and skill development, environment and natural resources, and infrastructure development were the focus areas of the Twelfth Plan.

The stock market in India is regulated by the Securities and Exchange Board of India (SEBI). It was established under the SEBI Act, 1992.

The consumption function is an economic formula that measures the relationship between income and total consumption of goods and services in the economy. The consumption function was introduced by John Maynard Keynes.

Redistribution policies geared to reduce economic inequalities include progressive tax policies, land reforms, and rural development policies.

Jobs that traditionally have a strong union presence such as many government jobs and jobs in education, healthcare and law enforcement are considered very secure while many non-unionized private sector jobs are generally believed to offer lower job security, although this varies by industry and country.

Keeping in view the interest of sugarcane farmers (GannaKisan), the Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2023-24 (October - September) at Rs. 315/qtl for a basic recovery rate of 10.25%.