Economics GK Practice Question and Answer
8 Q: Who assesses the national income numbers in India?
1131 06052f37c528a962d2e41a137
6052f37c528a962d2e41a137- 1Planning Commission Ministry of Financefalse
- 2Central Statistical Organizationtrue
- 3Reserve Bank of Indiafalse
- 4Reserve Bank of Indiafalse
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Answer : 2. "Central Statistical Organization"
Q: Government takes way and means loan?
1129 060d30de8025df84f0791b31c
60d30de8025df84f0791b31c- 1IDBIfalse
- 2RBItrue
- 3SBIfalse
- 4ICICIfalse
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Answer : 2. "RBI"
Q: Which is the most suitable grain in India?
1128 060376ad69792c13b2858a591
60376ad69792c13b2858a591- 1Wheatfalse
- 2Barleyfalse
- 3Maizefalse
- 4Ricetrue
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Answer : 4. "Rice"
Q: When was the first agricultural census conducted?
1127 061139836e60c1d4cec268955
61139836e60c1d4cec268955- 11948false
- 21990false
- 31976false
- 41970true
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Answer : 4. "1970"
Q: Which of the following is NOT a public sector insurance company?
1125 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: 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?
1116 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 considered as the main determinant of real wages?
1112 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: In which of the following years was the Reserve Bank of India nationalised?
1105 0644bde2a6842c5ce47ce8093
644bde2a6842c5ce47ce8093- 11935false
- 21949true
- 31927false
- 41965false
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