Top 100 Indian Economics GK Questions
Who among the following formulates the monetary policy in India?
(A) Finance Commission of India
(B) Reserve Bank of India
(C) NITI Aayog
(D) The Ministry of Statistics and Programme Implementation
Correct Answer : B
Cause of Inflation is -
(A) Increase in money supply
(B) Fall in production
(C) Increases in money supply and fall in production
(D) Decrease in money supply and fall in production
Correct Answer : C
Which of the following is not a state tax?
(A) Wealth Tax
(B) Excise duty on liquor
(C) Sales Tax
(D) Professional Tax
Correct Answer : A
Which is one of the factors of subsistence used to measure the Poverty Line in India?
(A) Equality
(B) Education
(C) Internet
(D) Transportation
Correct Answer : B
According to law of supply, if everything is equal then an increase in price results in ________.
(A) Decrease in quantity supplied
(B) Increase in quantity supplied
(C) Decrease in quantity demanded
(D) Increase in quantity demanded
Correct Answer : B
(A) Counting the votes in an election to determine the next governor
(B) Making a pie chart showing the kinds of television sets owned by people in a sample of 1,000
(C) Finding the mean weight of cancer patients in a study
(D) Using the results of a mathematical model to predict the next day's weather
Correct Answer : A
Explanation :
Answer: A) Counting the votes in an election to determine the next governor Explanation: Option A) "Counting the votes in an election to determine the next governor" is the only one where data gathering is done. In all other options, data is already collected and now analyzing of data is going on.
(A) neither implicit nor explicit costs.
(B) implicit, but not explicit, costs.
(C) explicit, but not implicit, cost.
(D) explicit and implicit costs.
Correct Answer : D
Explanation :
Answer: D) explicit and implicit costs. Explanation:
When was the Life Insurance Corporation of India established?
(A) 1960
(B) 1980
(C) 1956
(D) 1975
Correct Answer : C
Where is Dalal Street located?
(A) Mumbai
(B) Paris
(C) New Delhi
(D) none of these
Correct Answer : A
Who has the absolute right to issue paper note currency in India?
(A) Urban Co-operative Bank
(B) Bank of India
(C) Finance Commission
(D) Reserve Bank
Correct Answer : D
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Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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