Latest Indian Economics GK Questions
Deficit financing means the government borrows money from the –
(A) International Monetary Fund
(B) Ministry of Finance
(C) Reserve Bank of India
(D) World Trade Organization
Correct Answer : C
Which of the statements is correct about India's national income?
(A) Percentage share of agriculture is higher than services
(B) Percentage share of industry is higher than agriculture
(C) Percentage share of services is higher than industry
(D) Percentage share of services is higher than agriculture and industry put together
Correct Answer : D
The process of curing inflation by reducing money supply is called
(A) Cost - push inflation
(B) Demand - pull inflation
(C) Disinflation
(D) Reflation
Correct Answer : C
The Indian economy can be appropriately described as a:
(A) Traditional economy
(B) Mixed economy
(C) Capitalist economy
(D) Socialist economy
Correct Answer : B
Which of the following is not an undertaking under the administrative control of Ministry of Railways?
(A) Container Corporation of India Limited
(B) Konkan Railway Corporation Limited
(C) Indian Railways Construction Company Limited
(D) Diesel Locomotive Works, Varanasi
Correct Answer : C
Resurgent India Bonds were issued in US dollar, Pound Sterling and
(A) Japanese Yen
(B) Deutsche Mark
(C) Euro
(D) French Franc
Correct Answer : B
The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
(A) 15 to 20 percent
(B) 20 to 25 percent
(C) 25 to 30 percent
(D) 30 to 35 percent
Correct Answer : B
What is the means of subsidies?
(A) payment by government for 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
Correct Answer : D
National expenditure includes
(A) consumption expenditure
(B) investment expenditure
(C) government expenditure
(D) All of the above
Correct Answer : D
The apex body for formulating plans and coordinating research work in agriculture and allied fields is
(A) State Trading Corporation
(B) Regional Rural Banks
(C) National Bank for Agriculture and Rural Development (NABARD)
(D) Indian Council of Agricultural Research
Correct Answer : D
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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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