Economics GK Practice Question and Answer
8 Q: Which of the following is considered a capital expense?
639 064c3960f29beb3482a3bcc49
64c3960f29beb3482a3bcc49- 1Pensionfalse
- 2Payment of salariesfalse
- 3Subsidiesfalse
- 4Construction of school buildingstrue
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Answer : 4. "Construction of school buildings"
Explanation :
1. Capital expenditure is money spent by the government on the development of machinery, equipment, buildings, health facilities, education etc.
2. It also includes expenditure by the government on the acquisition of fixed assets like land and investments which give future profits or dividends.
3. Creation of assets as well as repayment of loans is also capital expenditure, as it reduces liability.
Q: Portion of deposits banks have to park with RBI is called ___? 2480 05c652b3bc5860623ed081639
5c652b3bc5860623ed081639- 1Statutory Reserve Ratiofalse
- 2Capital Adequacy Ratiofalse
- 3Cash Reserve Ratiotrue
- 4CASA Ratiofalse
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Answer : 3. "Cash Reserve Ratio"
Q: Committee related to industrial sickness?
1502 05efbf937ea68613370d10c52
5efbf937ea68613370d10c52- 1Goswami Committeefalse
- 2Tiwari Committeefalse
- 3Both of the abovetrue
- 4None of thesefalse
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Answer : 3. "Both of the above"
Q: Which of the following is not included in the national income?
4780 05efbff36e824154f4027a1c1
5efbff36e824154f4027a1c1- 1win the lotterytrue
- 2Government expenditure incurred on construction of new bridgesfalse
- 3Charged rent of houses in owner's possessionfalse
- 4None of thesefalse
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Answer : 1. "win the lottery"
Q: Who suggested to recover from the terrible economic slowdown of Teesa?
1186 05fc215284f2f6c622bf395f9
5fc215284f2f6c622bf395f9- 1Prof. Cannestrue
- 2Malthusfalse
- 3Amartya Senfalse
- 4Dada Bhai Naorojifalse
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Answer : 1. "Prof. Cannes"
Q: Which two states of India are the leading producers of mineral oil?
750 06037699f9d90e74af72bd5bc
6037699f9d90e74af72bd5bc- 1Rajasthan and Gujaratfalse
- 2Maharashtra and Goafalse
- 3Orissa and Biharfalse
- 4Assam and Gujarattrue
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Answer : 4. "Assam and Gujarat"
Q: In which year NABARD was established?
855 060d3134f025df84f0791c3a7
60d3134f025df84f0791c3a7- 11935false
- 21991false
- 31976false
- 41982true
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Answer : 4. "1982"
Q: With which of the following sectors is the agency short-named as CIBIL associated
456 06576efbefd78a97b0a43f28a
6576efbefd78a97b0a43f28a- 1Insurance sectorfalse
- 2Automobile sectorfalse
- 3Banking sectortrue
- 4Sugar sectorfalse
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Answer : 3. "Banking sector"
Explanation :
The full name of CIBIL is Credit Information Bureau India Limited. It is a credit information company, which maintains records of all credit related activities of individuals and organizations. Banks, non-banking finance companies and other financial institutions submit customer credit information to the bureaus.