Top 50 Economics GK Questions
The economy is one of the most important factors on which a country runs. Questions on the Indian economy are often asked in different competitive exams in India. It is crucial to have good knowledge of the Indian economy if you are looking to clear exams like usually; questions asked in the competitive exams are a big difference from the economy section that we read in newspapers and curriculum books. So to score good marks in the competitive exams, it is important for you to go through as many Indian Economy GK Questions and answers as possible.
Economics GK Questions
Here, I am sharing Top 50 Indian Economics GK Questions and Answers related to the Indian Economy for upcoming competitive exams like SSC, Bank, Railway, and other government exams. Indian Economics GK is the important section of GK and General Knowledge. You can get here the most important and latest Economics GK Questions.
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.
Top 50 Economics GK Questions
Q : Which one of the following is not a source of revenue of the Central Government?
(A) Agricultural Income Tax
(B) excise duty
(C) Income Tax
(D) Corporate Tax
Correct Answer : A
From which year was the wealth tax implemented for the first time in India?
(A) 1997
(B) 1957
(C) 1982
(D) none of these
Correct Answer : B
Under which five-year plan was the slogan of Garibi Hatao in India given?
(A) 2nd
(B) 3rd
(C) 5th
(D) 10th
Correct Answer : C
Largest item of expenditure in the current account of the budget of the Central Government is?
(A) Defense expenditure
(B) interest payment
(C) Central Planning
(D) none of these
Correct Answer : C
What deficit is the largest contributor to the total deficit of the budget of the Government of India?
(A) Fiscal deficit
(B) Revenue Deficit Income
(C) Primary deficit
(D) none of these
Correct Answer : A
Indian leather is exported the most to whom?
(A) Russia
(B) France
(C) England
(D) China
Correct Answer : C
On which item imports the most foreign exchange is spent by India?
(A) Power House Machinery
(B) petroleum products
(C) Fertilizers
(D) Defense Equipment
Correct Answer : B
Which one of the following places is not a free trade zone?
(A) Mumbai
(B) Visakhapatnam
(C) Thiruvananthapuram
(D) none of these
Correct Answer : C
In which year did the Foreign Exchange Management Act come into force?
(A) 2003
(B) 2002
(C) 2000
(D) 1999
Correct Answer : A
The balance of payments lies in?
(A) invisible trade
(B) visual trade
(C) Debt
(D) ALL OF THE ABOVE
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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