Economics GK Practice Question and Answer
8 Q: The Reserve Bank of India has an accounting year?
1096 06088fae49f98193d2deb2a9e
6088fae49f98193d2deb2a9e- 1October - Septemberfalse
- 2April-Marchtrue
- 3July-Junefalse
- 4None of thesefalse
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Answer : 2. "April-March"
Q: In view of which of the following are cottage and small scale industries necessary in the Indian economy?
1093 060d3155c64466567bd7557ae
60d3155c64466567bd7557ae- 1employment generationtrue
- 2Income Generationfalse
- 3low costfalse
- 4none of thesefalse
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Answer : 1. "employment generation"
Q: What is the relationship between the value of money and the price level in an economy?
1092 060d313871cefce3a61b25c73
60d313871cefce3a61b25c73- 1stablefalse
- 2inversetrue
- 3Anulomfalse
- 4none of thesefalse
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Answer : 2. "inverse"
Q: In which year the right to service was imposed in Bihar?
1082 06037678b9d90e74af72bd308
6037678b9d90e74af72bd308- 12011true
- 22012false
- 31980false
- 41999false
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Answer : 1. "2011"
Q: What is the process of constantly increasing prices?
1075 06088f6d506b39f63ea8eddd8
6088f6d506b39f63ea8eddd8- 1Inflationtrue
- 2over productionfalse
- 3Mandifalse
- 4None of thesefalse
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Answer : 1. "Inflation"
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?
1073 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: 'Poot determines his own demand' - Whose statement is this?
1061 062c3fbf3a00ee61c312c307b
62c3fbf3a00ee61c312c307b- 1Adam Smithfalse
- 2J. B. Se.true
- 3Marshalfalse
- 4Ricardofalse
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Answer : 2. "J. B. Se."
Q: As per the recommendations of the National Statistical Commission, the Base Year of the GDP Series in India was revised from 2004-05 to ______ with effect from January 2015.
1054 064c24f74d3a6d4481eec7f3c
64c24f74d3a6d4481eec7f3c- 12011-12true
- 22013-14false
- 32005-06false
- 42009-10false
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Answer : 1. "2011-12"
Explanation :
1. From January 2015, as per the recommendations of the National Statistical Commission, the GDP in India The base year of the (GDP) series was revised from 2004-05 to 2011-12.

