General knowledge questions answers for exam on Indian Economy

General knowledge questions answers for exam on Indian Economy

General knowledge questions answers for exam on Indian Economy : General Knowledge forms an important section in most entrance examinations. Most of the time the General Knowledge and Current Affairs questions and answers are ignored by the candidates as they immerse themselves in the more scoring subjects like Mathematics, Physics, Chemistry, and Analytical ( MPCAR) Reasoning. Here you'll get General knowledge questions answers for exam on Indian Economy

So, here we have collected a set of 30 important General Knowledge questions answers. This is not the end. Here you can find a series of General Knowledge questions answers for SSC & Competitive examination.

General knowledge on Economy

Q1. The Indian one rupee note bears the signature of...
A. The Finance secretary
B. The President of India
C. The PM of India
D. The Governor of RBI
Ans: Option A

Q2. Temporary tax levied to obtain additional revenue is called
A. Cess
B. Rate
C. Fee
D. Surcharge
Ans : Option D

Q3. India's wage policy is based on
A. Cost of living
B. Standard of living
C. Productivity
D. None of these
Ans: Option A

Q4. Unemployment which occurworkers move from one job to another job is known as

A. Seasonal unemployment

B. Frictional unemployments when 
C. Cyclical unemployment
D. Technological unemployment
Ans: Option B

Q5. Swarn Jayanti Gram Swa Rozgar Yojana came into being in
A. April 1995
B. April 1997
C. April 1999
D. July 2001
Ans: Option C

Q6. IRDP stands for
A. Integrated Regional Development Programme
B. International Rural Development Programme
C. Integrated Rural Development Programme
D. None of these
Ans: Option C

Q7. Approximately what percentage of Indian population is living below poverty line ?
A. 18
B. 26
C. 29
D. 31
Ans: Option B

Q8. Name the animal on the insignia of the RBI
A. Lion
B. Tiger
C. Panther
D. Elephant
Ans: Option C

Q9. The largest public sector bank in India is
A. Central Bank
B. State Bank of India
C. Punjab National Bank
D. Indian Overseas Bank
Ans: Option B

Q10. When was the Reserve Bank of India taken over by the Government ?
A. 1945
B. 1948
C. 1952
D. 1956
Ans: Option B

Q11. The Central Banking functions in India are performed by the
A. Central Bank
B. State Bank of India
C. Reserve Bank of India
D. Both A and B
Ans: Option C

Q12. Which one of the following is the largest mutual fund organisation in India
A. SBI Mutual Fund
B. GIC Mutual Fund
C. Unit Trust of India
D. Ind Bank Mutual Fund
Ans: Option C

Q13. In which of the following cities is the headquarters of the Unit Trust of India located ?
A. Mumbai
B. New Delhi
C. Kolkata
D. Chennai
Ans: Option A

Q14. The Accounting Year of Reserve Bank of India is
A. April - March
B. July - June
C. October - September
D. January - December
Ans: Option A

Q15. The Union Railway Budget is presented to the Parliament on
A. The last day of February
B. 15 th March
C. The last day of March
D. 1st April
Ans: Option A

Q16. The system of Budget was introduced in India during the viceroyalty of
A. Lord Canning
B. Lord Dalhousie
C. Lord Ripon
D. Lord Elgin
Ans: Option A

Q17. Developmeny is
A. Synonymous with economic growth
B. Narrower than economic growth
C. Wider than economic growth
D. Not related to economic growth
Ans: Option C

Q18. In India, the service tax was first introduced in the year
A. 1998
B. 1996
C. 1994
D. 1992
Ans: Option C

Q19. Name the first bank that was managed by Indians
A. Benaras State Bank
B. Oudh Bank
C. Punjab and Sindh Bank
D. Punjab National Bank
Ans: Option B

Q20. GNP is different from GDP as the former includes
A. Export income
B. Indirect taxes
C. Depreciation
D. Net income from abroad
Ans: Option D

Q21. Name the unit of valuation that is known as paper gold
A. GDR
B. Petrodollar
C. SDR
D. Eurodollar
Ans: Option C

Q22. The 10 th plan envisages a total investment of
A. Rs 260000 crores
B. Rs 18500 crores
C. Rs 2025 crores
D. Rs 15,92,300 crores
Ans: Option D

Q23. Name India's largest large scale industry
A. Iron and steel industry
B. Cotton mill industry
C. Sugar industry
D. Aeronautical industry
Ans: Option A

Q24. National income refers to
A. Revenue of public undertakings
B. Government's annual revenue
C. Sum total of all incomes
D. Budget estimates
Ans: Option C

Q25. Where does the major share of employment originate in a development economy ?
A. Secondary sector
B. Tertiary sector
C. Primary sector
D. All of the above
Ans: Option B

Q26. The conceptual origin of planning is attributed to
A. Stalin
B. Some English Socialists
D. Marx and Engels
D. Lenin
Ans: Option C

Q27. ____plan laid extra emphasis on poverty alleviation programmes
A. Sixth
B. Fourth
C. Fifth
D. Seventh
Ans: Option D

Q28. In which months are the Kharif crops sown ?
A. June - July
B. March - April
C. October - November
D. January - December
Ans: Option A

Q29. In which months are the Rabi crops sown ?
A. July - August
B. January - February
C. October - November
D. May - June
Ans: Option C

Q30. By whom was the Food for work programme initiated ?
A. Janata Government
B. Narasimba Rao Government
C. Rajiv Gandhi Government
D. Indira Gandhi Government
Ans: Option C

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