Economy - General Knowledge Questions and Answers


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(Q1) General Knowledge » Economy

As announced by the Ministry of Finance in January 2021, external debt as a ratio to GDP stood at ______ at the end of September 2020.

A

12.4%

B

18.2%

C

21.6%

D

16.9%

(Q2) General Knowledge » Economy

As per Economic Survey 2020-2021, India’s real GDP is estimated to grow by ______ in financial year 2021-22.

A

7%

B

3%

C

9%

D

11%

(Q3) General Knowledge » Economy

As per Union Budget 2021-22, Fiscal deficit is estimated at ______ per cent of GDP in 2021-22.

A

 6.8

B

 7.2

C

 7.6

D

 5.1

(Q4) General Knowledge » Economy

With a donation of ₹7,904 crore, ______ was declared the most generous philanthropist in India by the ‘EdelGive Hurun India Philanthropy List 2020’.

A

Shiv Nadar

B

Azim Premji

C

Mukesh Ambani

D

Kumar Mangalam Birla

(Q5) General Knowledge » Economy

______ is one of the languages in which the denomination is printed on the reverse of a contemporary Indian currency note.

A

Sinhala

B

Dzongkha

C

Nepali

D

Burmese

(Q6) General Knowledge » Economy

What is the projected growth rate of Gross Domestic Product (GDP) for India in 2021 as given by The International Monetary Fund (IMF) in April 2021?

A

 10.2%

B

 12.5%

C

 11.6%

D

 13.7%

(Q7) General Knowledge » Economy

As per Economic Survey 2020–21, India entered the top 50 innovating countries for the first time in ______ since the inception of the Global Innovation Index in 2007.

A

 2019

B

 2020

C

 2018

D

 2017

(Q8) General Knowledge » Economy

With which bank have Dena Bank and Vijaya Bank been merged?

A

Bank of Baroda

B

 Punjab National Bank

C

 United Bank of India

D

Corporation Bank

(Q9) General Knowledge » Economy

According to the Economic Survey 2020-21, imports are expected to decline by ______ in the second half of FY21.

A

8.2%

B

5.4%

C

11.3%

D

6.3%

(Q10) General Knowledge » Economy

At a Regional Rural Bank, the share of the Government of India is ______.

A

 60%

B

 20%

C

 50%

D

 40%

(Q11) General Knowledge » Economy

Which of the following is India’s first Paperless Budget?

A

 Union Budget 2018-19

B

 Union Budget 2020-21

C

 Union Budget 2019-20

D

 Union Budget 2021-22

(Q12) General Knowledge » Economy

According to Economic Survey 2020-2021, India’s real GDP is projected to record ______ growth in the Fiscal Year 2021-22.

A

 10.8%

B

 12.3%

C

 13.5%

D

 11.0%

(Q13) General Knowledge » Economy

As per the press release dated September 2020 of the Government of India, what is the payment made by the Government of India at Minimum Support Price (MSP) rates in the last 6 years?

A

₹5 lakh crore

B

₹3 lakh crore

C

₹7 lakh crore

D

₹9 lakh crore

(Q14) General Knowledge » Economy

As per Economic Survey of India 2020-21, India is expected to have a Current Account Surplus of ______ of GDP in FY21.

A

1%

B

3%

C

2%

D

4%

(Q15) General Knowledge » Economy

The Economic Survey of 2020-21 mentions that India’s fiscal policy should reflect ______ sentiment of ‘a mind without fear’.

A

 Mahatma Gandhi’s

B

 Gurudev Rabindranath Tagore’s

C

 Shyama Prasad Mukherjee’s

D

 Jawaharlal Nehru’s

(Q16) General Knowledge » Economy

As per the Economic Survey of India 2021, SENSEX and NIFTY resulted in India’s market-cap to GDP ratio crossing ______ for the first time since October 2010.

A

 50%

B

 100%

C

 80%

D

 75%

(Q17) General Knowledge » Economy

Which of the following was the first development bank in India?

A

 Industrial Finance Corporation of India

B

 Export Import Bank of India

C

 National Housing Bank

D

 Industrial Development Bank of India

(Q18) General Knowledge » Economy

Which of the following is a foreign bank operating in India as of 31st May 2021?

A

HDFC Bank Ltd

B

BNP Paribas 

C

ICICI Bank Ltd

D

Axis Bank Ltd

(Q19) General Knowledge » Economy

According to the Union Budget 2020-2021, the bank credit growth as of January 1, 2021, stood at ______%

A

 5.2

B

5.9

C

6.7

D

7.1

(Q20) General Knowledge » Economy

As per the Economic Survey 2021, in which of the following states did the proportion of households that had health insurance decrease by 12% from 2015-16 to 2019-20?

A

West Bengal

B

Sikkim

C

Bihar

D

Assam