Economics GK Practice Question and Answer

Q:

Business comes under?

1530 0

  • 1
    Trade and Industry
    Correct
    Wrong
  • 2
    only trade
    Correct
    Wrong
  • 3
    Commerce and Industry
    Correct
    Wrong
  • 4
    trade, commerce and industry
    Correct
    Wrong
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Answer : 4. "trade, commerce and industry"

Q:

The Federal Reserve Bank is the central bank of which country?

1524 0

  • 1
    America
    Correct
    Wrong
  • 2
    Germany
    Correct
    Wrong
  • 3
    France
    Correct
    Wrong
  • 4
    Others
    Correct
    Wrong
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Answer : 1. "America"

Q:

Who has the absolute right to issue paper note currency in India?

1523 0

  • 1
    Urban Co-operative Bank
    Correct
    Wrong
  • 2
    Bank of India
    Correct
    Wrong
  • 3
    Finance Commission
    Correct
    Wrong
  • 4
    Reserve Bank
    Correct
    Wrong
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Answer : 4. "Reserve Bank"

Q:

Where is the headquarters of International Organization for Standardization (ISO)?

1518 0

  • 1
    Dhaka
    Correct
    Wrong
  • 2
    Geneva
    Correct
    Wrong
  • 3
    New York
    Correct
    Wrong
  • 4
    London
    Correct
    Wrong
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Answer : 2. "Geneva"

Q:

In which year liberal industrial policy was adopted in India?

1503 0

  • 1
    1945
    Correct
    Wrong
  • 2
    1975
    Correct
    Wrong
  • 3
    1991
    Correct
    Wrong
  • 4
    1980
    Correct
    Wrong
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Answer : 3. "1991"

Q:

How much of India's population is dependent on agricultural industry?

1502 0

  • 1
    60%
    Correct
    Wrong
  • 2
    70%
    Correct
    Wrong
  • 3
    58.9%
    Correct
    Wrong
  • 4
    Others
    Correct
    Wrong
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Answer : 3. "58.9%"

Q:

Which one of the following Indian banks is not a nationalized bank?

1501 0

  • 1
    Dena Bank
    Correct
    Wrong
  • 2
    Federal Bank
    Correct
    Wrong
  • 3
    Corporation Bank
    Correct
    Wrong
  • 4
    Vijay Bank
    Correct
    Wrong
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Answer : 2. "Federal Bank"

Q:

What is the difference between total expenditure and total receipts in the budget figures of the Government of India called?

1496 0

  • 1
    Fiscal deficit
    Correct
    Wrong
  • 2
    Revenue deficit
    Correct
    Wrong
  • 3
    Budgetary deficit
    Correct
    Wrong
  • 4
    Current deficit
    Correct
    Wrong
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Answer : 3. "Budgetary deficit"

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