Economics GK Practice Question and Answer

Q:

Which is the financial year from which disinvestment in public enterprises started?

1412 0

  • 1
    1970-1971
    Correct
    Wrong
  • 2
    1991-1992
    Correct
    Wrong
  • 3
    1994-1995
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 2. "1991-1992"

Q:

In which of the following years was the Reserve Bank of India nationalised?

1401 0

  • 1
    1935
    Correct
    Wrong
  • 2
    1949
    Correct
    Wrong
  • 3
    1927
    Correct
    Wrong
  • 4
    1965
    Correct
    Wrong
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Answer : 2. "1949"

Q:

Which is the most suitable grain in India?

1396 0

  • 1
    Wheat
    Correct
    Wrong
  • 2
    Barley
    Correct
    Wrong
  • 3
    Maize
    Correct
    Wrong
  • 4
    Rice
    Correct
    Wrong
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Answer : 4. "Rice"

Q:

Who assesses the national income numbers in India?

1393 0

  • 1
    Planning Commission Ministry of Finance
    Correct
    Wrong
  • 2
    Central Statistical Organization
    Correct
    Wrong
  • 3
    Reserve Bank of India
    Correct
    Wrong
  • 4
    Reserve Bank of India
    Correct
    Wrong
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Answer : 2. "Central Statistical Organization"

Q:

The Reserve Bank of India has an accounting year?

1380 0

  • 1
    October - September
    Correct
    Wrong
  • 2
    April-March
    Correct
    Wrong
  • 3
    July-June
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "April-March"

Q:

What is the relationship between the value of money and the price level in an economy?

1371 0

  • 1
    stable
    Correct
    Wrong
  • 2
    inverse
    Correct
    Wrong
  • 3
    Anulom
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 2. "inverse"

Q:

'Poot determines his own demand' - Whose statement is this?

1349 0

  • 1
    Adam Smith
    Correct
    Wrong
  • 2
    J. B. Se.
    Correct
    Wrong
  • 3
    Marshal
    Correct
    Wrong
  • 4
    Ricardo
    Correct
    Wrong
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Answer : 2. "J. B. Se."

Q:

In view of which of the following are cottage and small scale industries necessary in the Indian economy?

1334 0

  • 1
    employment generation
    Correct
    Wrong
  • 2
    Income Generation
    Correct
    Wrong
  • 3
    low cost
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "employment generation"

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