Latest Economics GK Questions and Answers
The head of the Reserve Bank of India is Called:
(A) Secretly
(B) Chairperson
(C) Governor
(D) Field Marshal
Correct Answer : C
Explanation :
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.
The major route of exports and imports is:
(A) Roads
(B) Railways
(C) Airports
(D) Ports
Correct Answer : D
India is Largest exporter of
(A) Granite
(B) Textile
(C) Toys
(D) Software
Correct Answer : B
Expand the abbreviation of SEZ:
(A) Special Export Zone
(B) Special Economic Zone
(C) Special Exemption Zone
(D) Separate Export Zone
Correct Answer : B
The person responsible for milk revolution in India is:
(A) Dr. Kurian
(B) Dr. Pandyan
(C) Dr. Madhavan
(D) Dr. Pant
Correct Answer : A
The basic characteristic of a capitalistic economy is–
(A) absence of monopoly
(B) large-scale production in primary industries
(C) full employment
(D) the private ownership of the means of production
Correct Answer : D
Which one of the following taxes is not a direct tax?
(A) Sales tax
(B) Estate duty
(C) Gift tax
(D) Wealth tax
Correct Answer : A
UNDP prepares–
(A) Human Development Index
(B) Standard of Living Index
(C) Index Number of Price Level
(D) Physical Quality Index
Correct Answer : A
Fiscal policy refers to–
(A) Government borrowings from abroad
(B) Sharing of its revenue by Central Government with States
(C) Sale and purchase of securities by RBI
(D) Government taxes, expenditure and borrowings
Correct Answer : D
Who decides the Repo rate in India?
(A) Government of India
(B) Ministry of Finance
(C) Reserve bank of India
(D) None of these
Correct Answer : C
Explanation :
The repo rate is the rate at which the Reserve Bank of India borrows funds from commercial banks in the country. It is the rate at which commercial banks in India park their excess money with the Reserve Bank of India, usually for the short term.
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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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