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Welcome to our blog on Indian Economy General Knowledge (GK) questions tailored for SSC Exams! This comprehensive guide is designed to equip aspirants with crucial insights into the Indian economy, encompassing topics such as economic policies, growth indicators, budgetary allocations, and key economic reforms.

6 days ago 137 Views
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Welcome to our Economics GK Quiz for Competitive Exams blog! Whether you're preparing for government job tests, banking exams, or any other competitive assessments, our Economics GK Quiz blog is your go-to resource for mastering economics general knowledge.

3 weeks ago 211 Views
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Welcome to the GK Questions and Answers for Bank Exams blog! This dedicated platform is your ultimate resource for mastering general knowledge and current affairs, crucial for acing bank exams like IBPS, SBI, RBI, and more.

Last month 248 Views
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Welcome to our Indian Economics GK Quiz with Answers blog, where we unravel the complexities of India's economic landscape through engaging quizzes! Test your knowledge on topics ranging from macroeconomics to fiscal policies, and learn fascinating facts about India's growth trajectory, monetary systems, and global trade dynamics.

Last month 312 Views
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Welcome to our Indian Economics GK Quiz, tailored for competitive exam aspirants! Dive into a world of economic principles, policies, and key figures that shape India's financial landscape. Test your knowledge and sharpen your understanding of topics ranging from fiscal policies to market dynamics.

2 months ago 385 Views
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Welcome to our Rajasthan Economy GK Questions and Answers blog! Here, we delve into the economic landscape of Rajasthan, one of India's most vibrant states. From its rich cultural heritage to its burgeoning industries, we explore the key sectors driving its economy, such as tourism, agriculture, and minerals.

4 months ago 939 Views

Embark on a journey of knowledge with our Top 30 General Knowledge Questions and Answers blog! From history to science, geography to pop culture, our carefully curated selection of trivia will challenge and entertain you.

4 months ago 1.2K Views

Welcome to our Indian Economy GK Quiz and Answers blog, where knowledge meets excitement! Dive into the dynamic world of India's economic landscape with our carefully curated quizzes that promise to challenge and expand your understanding of economic principles, policies, and trends.

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Recently Added Questions

  • 1
    Primary Lending Rate
    Correct
    Wrong
  • 2
    Reverse Repo Rate
    Correct
    Wrong
  • 3
    Repo Rate
    Correct
    Wrong
  • 4
    Secondary Lending Rate
    Correct
    Wrong
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Answer : 2
Reverse Repo Rate

Explanation :

The reverse repo rate is the rate at which the Reserve Bank of India borrows funds from commercial banks in the country. It is the rate at which commercial banks in India park their excess money with the Reserve Bank of India, usually for the short term.

  • 1
    Only statement I
    Correct
    Wrong
  • 2
    Only statement II
    Correct
    Wrong
  • 3
    Only statements I and III
    Correct
    Wrong
  • 4
    Only statements I and II
    Correct
    Wrong
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Answer : 4
Only statements I and II

Explanation :

All the statements about the National Investment Fund in India are true.

I. It was created in 2005.

II. 75% of its annual income was to be used for schemes promoting health, education and employment.

  • 1
    KC Neogy
    Correct
    Wrong
  • 2
    CD Deshmukh
    Correct
    Wrong
  • 3
    John Mathai
    Correct
    Wrong
  • 4
    RK Shanmukham Chetty
    Correct
    Wrong
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Answer : 4
RK Shanmukham Chetty

Explanation :

1. In the World Monetary Conference at Bretton Woods in 1944, R. Of. Shanmukham Chetty served as the Indian Finance Minister.

 2. Served as Speaker of the Central Legislative Assembly of India, and also as Dewan of Cochin State from 1935 to 1941.

  • 1
    Revenue Deficit
    Correct
    Wrong
  • 2
    Fiscal Deficit
    Correct
    Wrong
  • 3
    Effective Revenue Deficit
    Correct
    Wrong
  • 4
    Primary Deficit
    Correct
    Wrong
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Answer : 2
Fiscal Deficit

Explanation :

1. The difference between the sum of revenue receipts and Non-Debt Capital Receipts (NDCR) and total expenditure is called fiscal deficit.

2. Fiscal deficit is an important indicator of the financial position of the government.

3. It shows how much difference there is between the current income and expenditure of the government.

4. Fiscal deficit can be influenced by many factors, including.

- Economic situation: During an economic recession, the government often increases the fiscal deficit to provide stimulus to the economy.

- Political pressure: Governments often run up fiscal deficits to raise funds for social programs.

- Military spending: Governments often run fiscal deficits to increase military spending.

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Answer : 1
Only B

Explanation :

1. Only B is correct.

2.  India has the highest GDP in dollar terms as compared to Sri Lanka, Bhutan and Bangladesh.

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