Economics GK Practice Question and Answer
8 Q: When was the Life Insurance Corporation of India established?
1357 060d30d231cefce3a61b24615
60d30d231cefce3a61b24615- 11960false
- 21980false
- 31956true
- 41975false
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Answer : 3. "1956"
Q: In which country was the declaration of consumer rights?
1342 06037673e9792c13b28589f03
6037673e9792c13b28589f03- 1Chinafalse
- 2Japanfalse
- 3Englandfalse
- 4United Statestrue
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Answer : 4. "United States"
Q: When was the Human Rights Commission established?
1341 060376855cd43d04a8f4b6c74
60376855cd43d04a8f4b6c74- 11993true
- 21994false
- 31995false
- 42005false
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Answer : 1. "1993"
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?
1329 06576f0a8e367ac7b2ea393a6
6576f0a8e367ac7b2ea393a6- 1Government borrowingsfalse
- 2Depreciationfalse
- 3Foreign exchangefalse
- 4Inflationtrue
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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 of the following is NOT a public sector insurance company?
1326 064c24509bd3d25480680f920
64c24509bd3d25480680f920- 1United India Insurance Company Limitedfalse
- 2The New India Assurance Company Limitedfalse
- 3SBI Life Insurancetrue
- 4General Insurance Corporation of Indiafalse
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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
Q: Which state has maximum production of large cardamom in India?
1322 060376a49cd43d04a8f4b7141
60376a49cd43d04a8f4b7141- 1Sikkimtrue
- 2Meghalayafalse
- 3Assamfalse
- 4Arunachal Pradeshfalse
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Answer : 1. "Sikkim"
Q: To which of the following sectors of the economy do Basel III norms belong?
1318 064c23891d3a6d4481eec4b7f
64c23891d3a6d4481eec4b7f- 1Bankingtrue
- 2Capital marketfalse
- 3Automobilefalse
- 4Aviationfalse
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Answer : 1. "Banking"
Explanation :
1. The Basel norms are international banking rules to strengthen the international banking system.
2. It is in the form of an agreement by the Basel Committee on Banking Supervision which mainly focuses on the risks to banks and the financial system.
Q: Benefit from inflation?
1312 06088f883bdba7253ca28796e
6088f883bdba7253ca28796e- 1debtortrue
- 2Lenderfalse
- 3Saverfalse
- 4Pension Recipientsfalse
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