Economy - General Knowledge Questions and Answers


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General Knowledge » Economy

As per the SIPRI Report released in April, 2020, India stands at what position in military spenders in 2019?

A

First

B

Second

C

Third

D

Fourth

General Knowledge » Economy

Global Report on Food Crisis was released in April, 2020 by which organisation?

A

International Monetary Fund

B

World Food Programme

C

Farmers Agricultural Organisation

D

World Trade Organisation

General Knowledge » Economy

Which agency acts as a regulator for Mutual Funds?

A

IRDA

B

SEBI

C

RBI

D

DRI

General Knowledge » Economy

In which year was the Imperial Bank of India established ?

A

1921

B

1930

C

1935

D

1955

General Knowledge » Economy

Nepal and Bhutan recently approached which of the following entities seeking collaboration to make use of India’s digital payment services ?

A

SEBI

B

Union Ministry of Finance

C

NPCI

D

UIDAI

General Knowledge » Economy

What is the function of MUDRA bank which was recently set up by the Government of India ?

A

To print currency

B

To allow deposits of untaxed income

C

To provide insurance cover to the poor

D

To provide loan and finance to micro enterprises

General Knowledge » Economy

Which of the following is NOT one of the methods of national income estimation?

A

Product method

B

Banking method

C

Expenditure method

D

Income method

General Knowledge » Economy

Which of the following is NOT the function of the central bank of the country?

A

It issues the currency of the country.

B

It acts as a banker to the government.

C

It accepts deposits from the public.

D

It controls money supply of the country.

General Knowledge » Economy

Gross primary deficit is the difference between ______.

A

revenue deficit and interest receipts

B

gross fiscal deficit and interest receipts

C

gross fiscal deficit and net interest liabilities

D

revenue deficit and interest payments

General Knowledge » Economy

Which Indian budget introduced a statement highlighting the gender sensitivities of the budgetary allocations?

A

2010-11

B

2005-06

C

2008-09

D

2001-02

General Knowledge » Economy

The value of GDP at the current prevailing prices is called _______.

A

nominal GDP

B

current GDP

C

real GDP

D

domestic GDP

General Knowledge » Economy

Which of the following is NOT an advantage of E-Commerce?

A

Cost saving and price reduction

B

Wider choice

C

Late response to customer needs

D

Improved customer services

General Knowledge » Economy

If we deduct depreciation from GNP the measure of aggregate income that we obtain is called ______.

A

Net National Product

B

Gross Domestic Product at market prices

C

Personal income

D

Gross Domestic Product

General Knowledge » Economy

Which of the following is added in the national income to obtain personal income of the households?

A

Transfer payments from government and firms

B

Net interest payments

C

Undistributed profits

D

Corporate tax

General Knowledge » Economy

________ is a record of assets and liabilities of any firm.

A

Bill file

B

Balance sheet

C

Bank bailout

D

Balance of payment

General Knowledge » Economy

Which of the following is NOT an aid or auxiliary to trade?

A

Transportation

B

Hoarding

C

Warehousing

D

Insurance

General Knowledge » Economy

Unemployment arising due to mismatch between Job availability in the market and skills of available worker is called?

A

Seasonal

B

Frictional

C

Economical

D

Structural

General Knowledge » Economy

The year whose prices are being used to calculate the real GDP is called ______.

A

base year

B

fiscal year

C

current year

D

constant year

General Knowledge » Economy

_________ measures the aggregate production of final goods and services taking place within the domestic economy during a year.

A

National income at factor price

B

Net national product

C

Gross domestic product

D

Gross National income

General Knowledge » Economy

The subject of the Study of Macro Economics is based on which principle?

A

The principle of National Income

B

The principle of Producer

C

The principle of Consumer

D

The principle of Investment