Top 50 Indian Economics GK Questions
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
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
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
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
Short-term finance is usually for a period ranging up to
(A) 5 months
(B) 10 months
(C) 12 months
(D) 8 months
Correct Answer : C
Subsidies mean that is
(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
If Reserve Bank of India reduces the cash reserve ratio, it will :
(A) increase credit creation
(B) decrease credit creation
(C) have no impact on credit creation
(D) have no definite impact on credit creation
Correct Answer : A
Which Indian state has the least literacy rate?
(A) Bihar
(B) Rajasthan
(C) Arunachal Pradesh
(D) Orissa
Correct Answer : A
In a cut motion, when the amount of demand is reduced by Rs 100/- , it is known as
(A) Disapproval of policy cut
(B) Economy cut
(C) Vote on Account
(D) Token cut
Correct Answer : D
If the RBI adopts an expansionist open market operations policy, this means that it will
(A) buy securities from non-government holders
(B) sell securities in the open market
(C) offer commercial banks more credit in the open market
(D) openly announce to the market that it intends to expand credit
Correct Answer : C
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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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