Economics GK Practice Question and Answer
8 Q: To which of the following sectors of the economy do Basel III norms belong?
1369 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: Which of the following is considered as the main determinant of real wages?
1369 060d3127f1cefce3a61b2567b
60d3127f1cefce3a61b2567b- 1purchasing power of moneytrue
- 2Nature of workfalse
- 3additional incomefalse
- 4none of thesefalse
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Answer : 1. "purchasing power of money"
Q: Government takes way and means loan?
1361 060d30de8025df84f0791b31c
60d30de8025df84f0791b31c- 1IDBIfalse
- 2RBItrue
- 3SBIfalse
- 4ICICIfalse
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Answer : 2. "RBI"
Q: Which is the financial year from which disinvestment in public enterprises started?
1358 061139725f65c04691bf24b56
61139725f65c04691bf24b56- 11970-1971false
- 21991-1992true
- 31994-1995false
- 4none of thesefalse
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Answer : 2. "1991-1992"
Q: In India, according to the Insolvency and Bankruptcy Code, 2016, the process of insolvency resolution for companies should be completed in how many days?
1348 064a6845fdc607a4d2b2c74b7
64a6845fdc607a4d2b2c74b7- 1180true
- 2150false
- 3170false
- 4120false
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Answer : 1. "180"
Explanation :
1. According to the Insolvency and Disability Code, 2016 in India, the insolvency resolution process of companies must be completed in 180 days.
2. The IBC 2016 also attempted to deal with the difficulties in the existing law as well as other disagreements that may develop between debtors and creditors due to inadequacies in the information system.
Q: In which industry sector has India had more success?
1345 0603764a8cd43d04a8f4b676e
603764a8cd43d04a8f4b676e- 1Computer Hardwarefalse
- 2Computer Softwaretrue
- 3bothfalse
- 4None of thesefalse
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Answer : 2. "Computer Software"
Q: In which of the following years was the Reserve Bank of India nationalised?
1334 0644bde2a6842c5ce47ce8093
644bde2a6842c5ce47ce8093- 11935false
- 21949true
- 31927false
- 41965false
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Answer : 2. "1949"
Q: Assume that the exchange rate between the US Dollar and the Indian Rupee is $1 = ₹55. Now if this exchange rate increases to $1 = ₹60, then in this situation the Indian Rupee has depreciated against the US Dollar.
1332 0649aaa06dad6f2e01f6e1304
649aaa06dad6f2e01f6e1304- 1depreciatedtrue
- 2appreciatedfalse
- 3appreciatedfalse
- 4overvaluedfalse
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Answer : 1. "depreciated"
Explanation :
मान लीजिए कि अमेरिकी डॉलर और भारतीय रुपये के बीच विनिमय दर $1= ₹55 है। अब यदि यह विनिमय दर बढ़कर $1 = ₹60 हो जाती है, तो इस स्थिति में अमेरिकी डॉलर की तुलना में भारतीय रुपये का _______ हुआ है।

