Latest and Important Economics GK Questions
Are you looking for the Latest Economics GK Questions for better preparation for competitive exams? So here all your questions will be removed from this blog. In this blog, all the important Economics questions have been made available, which can become a better medium for exam preparation. The Indian economy question is one of the important questions of the GK section, which can be connected to national income, Indian credentials, five-year planning, economic development, fiscal policy, banking system, and those who need continuous reading.
Economics GK Questions
So here, I have prepared the most Important and Latest Economics Questions for all the candidates who can be asked in various upcoming competitive examinations. Also, the candidates who want to solve the question paper in the English language can practice Economics general knowledge questions from here for good results.
Students can easily get free General Knowledge Mock Test and Current Affairs Mock Test on this platform for online exam practice to obtain good marks in the competitive exams.
Latest and Important Economics GK Questions
Q : What is the nature of economic planning in India?
(A) decentralized
(B) Socialist and Capitalist
(C) Instructional
(D) All these
Correct Answer : D
What are the objectives of Indian planning?
(A) increase in national income
(B) poverty alleviation
(C) reducing inequalities in income and wealth
(D) All these
Correct Answer : D
Who presents the final draft of the Five Year Plan?
(A) Finance Commission
(B) National Development Council
(C) Ministry of Finance
(D) Planning Commission
Correct Answer : B
On Which date did economic planning start in India?
(A) 1st April 1951
(B) 1st May 1956
(C) 15 August 1947
(D) 26 January 1949
Correct Answer : A
Who prepared the draft of the People's Plan?
(A) Sir Ardeshir Dalal
(B) Jayaprakash Narayan
(C) Shri Manna Narayan
(D) M.N. View
Correct Answer : D
The strategy for the development and industrialization of industries was a part of which plan?
(A) 2nd
(B) 3rd
(C) 4th
(D) 7th
Correct Answer : A
During which five-year plan three iron-steel plants were set up in the country?
(A) 1st
(B) 2nd
(C) 3rd
(D) 4th
Correct Answer : B
Which five-year plan shifted its priority from development to defense?
(A) 1st
(B) 2nd
(C) 3rd
(D) 4th
Correct Answer : D
What is the difference between fiscal deficit and budgetary deficit?
(A) Public Debt
(B) Revenue deficit
(C) Depreciation
(D) Primary deficit
Correct Answer : A
Non-plan expenditure of the Central Government is not a part of?
(A) Defense expenditure
(B) Allocation for Science and Technology Development
(C) Payment of Delivery
(D) interest payment
Correct Answer : B
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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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