Economics GK Practice Question and Answer
8 Q: Which of the following is not a function of currency?
1243 06088f5d5bdba7253ca28762e
6088f5d5bdba7253ca28762e- 1Measurement of valuefalse
- 2accumulation of valuefalse
- 3transfer of valuefalse
- 4stabilization of pricetrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "stabilization of price"
Q: Round Revolution in India was related to -
1231 0637f3e2d49a42a5ac162936c
637f3e2d49a42a5ac162936c- 1Potatotrue
- 2Onionfalse
- 3Oil seedsfalse
- 4Tomatofalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Potato "
Q: The ______ was nationalised in the year 1949.
1193 064a2a3b7c7d7c7e067491fc8
64a2a3b7c7d7c7e067491fc8- 1Union Bank of Indiafalse
- 2Reserve Bank of Indiatrue
- 3Central Bank of Indiafalse
- 4Imperial Bank of Indiafalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Reserve Bank of India"
Explanation :
1. The Reserve Bank of India was nationalized on January 1, 1949.
2. Earlier, the Reserve Bank of India was a privately owned bank, established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934.
2. After India's independence on 15 August 1947, RBI was nationalized on 1 January 1949.
4. After nationalization, the Reserve Bank of India came under the complete ownership of the Government of India.
Q: What is the total stock of money in circulation among the public at a particular point of time called?
1179 0642c0cf22b960e1a419654e3
642c0cf22b960e1a419654e3- 1Money orderfalse
- 2Money supplytrue
- 3Short moneyfalse
- 4Money launderingfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Money supply "
Q: The Reserve Bank of India introduced a comprehensive regulatory framework for NBFC-MFI on __________.
1157 064a68c3bc4e3d04ca166ea6e
64a68c3bc4e3d04ca166ea6e- 110 December 2015false
- 22 December 2011true
- 38 December 2013false
- 45 December 2012false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "2 December 2011 "
Explanation :
1. The Reserve Bank of India introduced a comprehensive regulatory framework for NBFC-MFIs on 2 December 2011.
Q: Which of the following is called the ‘father of white revolution’ in India?
1137 062bdd37425fd051a6561a9fb
62bdd37425fd051a6561a9fb- 1Hargovind Khuranafalse
- 2V. Kurientrue
- 3M.S. Swaminathanfalse
- 4P.K. Sethifalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "V. Kurien"
Q: Which of the following statements is/are correct regarding Government of India’s New Integrated Food Security Scheme?
A. This New Integrated Food Security Scheme has been started from 1 January 2023.
B. The Government of India targeted to supply food grains to more than 80 crores beneficiaries under the National Food Security Act.
C. First time this food grains supply programme was brought under the Ministry of Social Justice for effective implementation.
1095 0649aa390ab3c5fffc2e088ea
649aa390ab3c5fffc2e088eaA. This New Integrated Food Security Scheme has been started from 1 January 2023.
B. The Government of India targeted to supply food grains to more than 80 crores beneficiaries under the National Food Security Act.
C. First time this food grains supply programme was brought under the Ministry of Social Justice for effective implementation.
- 1B and C onlyfalse
- 2A and C onlyfalse
- 3A, B and Cfalse
- 4A and B onlytrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "A and B only"
Explanation :
The following statements are correct regarding the new Integrated Food Security Scheme of the Government of India.
A. This New Integrated Food Security Scheme has been started from 1 January 2023.
B. The Government of India targeted to supply food grains to more than 80 crore beneficiaries under the National Food Security Act.
Q: Bombay Stock Exchange is the ______ stock exchange of Asia.
1068 064919aca187426e0495d6a87
64919aca187426e0495d6a87- 1Firsttrue
- 2secondfalse
- 3fourthfalse
- 4thirdfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "First"
Explanation :
1. Bombay Stock Exchange is the oldest stock exchange in Asia, and also the tenth oldest stock exchange in the world.
2. The Bombay Stock Exchange became the first stock exchange in India to issue commodity derivative contracts in gold and silver.