Economics GK Practice Question and Answer
8 Q: When was the Life Insurance Corporation of India established?
1483 060d30d231cefce3a61b24615
60d30d231cefce3a61b24615- 11960false
- 21980false
- 31956true
- 41975false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "1956"
Q: When is Consumer Rights Day celebrated?
1479 0603766769d90e74af72bd11d
603766769d90e74af72bd11d- 117 Marchfalse
- 215 Marchtrue
- 319 Aprilfalse
- 422 Aprilfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "15 March"
Q: Benefit from inflation?
1478 06088f883bdba7253ca28796e
6088f883bdba7253ca28796e- 1debtortrue
- 2Lenderfalse
- 3Saverfalse
- 4Pension Recipientsfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "debtor"
Q: Who is called the bank of banks in India?
1473 06088f96606b39f63ea8ee09d
6088f96606b39f63ea8ee09d- 1Reserve Bank of Indiatrue
- 2Bank of Indiafalse
- 3State Bank of Indiafalse
- 4All thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Reserve Bank of India"
Q: As per the Indian practices of national accounting, which of the following is adjusted in the nominal Gross Domestic Product (GDP) to arrive at the real GDP?
1460 06576f0a8e367ac7b2ea393a6
6576f0a8e367ac7b2ea393a6- 1Government borrowingsfalse
- 2Depreciationfalse
- 3Foreign exchangefalse
- 4Inflationtrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Inflation"
Explanation :
As per Indian practices of national accounting, nominal gross domestic product (GDP) is inflation-adjusted to arrive at real GDP.
Q: Which state has maximum production of large cardamom in India?
1456 060376a49cd43d04a8f4b7141
60376a49cd43d04a8f4b7141- 1Sikkimtrue
- 2Meghalayafalse
- 3Assamfalse
- 4Arunachal Pradeshfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Sikkim"
Q: Which of the following is considered as the main determinant of real wages?
1456 060d3127f1cefce3a61b2567b
60d3127f1cefce3a61b2567b- 1purchasing power of moneytrue
- 2Nature of workfalse
- 3additional incomefalse
- 4none of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "purchasing power of money"
Q: Which of the following is NOT a public sector insurance company?
1452 064c24509bd3d25480680f920
64c24509bd3d25480680f920- 1United India Insurance Company Limitedfalse
- 2The New India Assurance Company Limitedfalse
- 3SBI Life Insurancetrue
- 4General Insurance Corporation of Indiafalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "SBI Life Insurance"
Explanation :
There are public sector insurance companies.
1. United India Insurance Company Limited
2. The New India Assurance Company Limited
3. General Insurance Corporation of India