Economics Questions and Answers updated daily – General Knowledge


Economics Questions and Answers updated daily – General Knowledge



78 Economics Questions and answers section with explanation for various online exam preparation, various interviews, General Knowledge Economics online test. Economics Questions with detailed description, explanation will help you to master the topic.

Economics Questions

1. What is the Minimum Support Price of the wheat for 2014-15?



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Correct Ans:1450/quintal
Explanation:


2. The twelfth five year plan has the target to increase the spending on the health sector to _____



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Correct Ans:2 % of the GDP
Explanation:


3. Which of the following statement is Not correct?



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Correct Ans:Gift tax is indirect tax.
Explanation:


4. Which currency is included in the basket of International Monetary Fund (IMF) recently?



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Correct Ans:Yuan
Explanation:


5. If interest payment is deducted from the fiscal deficit then what would left?



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Correct Ans:Primary deficit
Explanation:


6. What is the target of fiscal deficit in the year 2016-17?



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Correct Ans:3.60%
Explanation:


7. How many companies are represented in the BSE SENSEX?



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Correct Ans:30
Explanation:


8. Who is called the father of Operation Flood in India?



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Correct Ans:Verghese Kurien
Explanation:


9. Who is the chairman of the 14th finance commission of India?



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Correct Ans:Y. Venugopal Reddy
Explanation:


10. Which of the following is the biggest contributor of foreign exchange reserve of India?



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Correct Ans:Foreign currency assets
Explanation:


11. Which of the following is not matched correctly?



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Correct Ans:IFC established:1947
Explanation:


12. Which of the following statement is correct about International Monetary Fund?



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Correct Ans:A member of IMF automatically becomes member of World Bank.
Explanation:


13. Which of the following statement is not correct about INDIA VISION-2020?



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Correct Ans:It was designed by the Dr. Sam Pitroda
Explanation:


14. What is the duration of fourth five year plan?



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Correct Ans:From April 1969 to March 1974
Explanation:


15. Which of the following sector is not covered under the Bharat Nirman Programme?



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Correct Ans:Health & Nutrition
Explanation:


16. Which of the following option is/are correct about Bharat Nirman Programme?
i. It was launched on Dec. 2007
ii. This scheme want urban development only
iii. This programmes targets mainly six sectors only.
Options are:



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Correct Ans:Only iii
Explanation:


17. Which of the following is not a public sector bank   ?



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Correct Ans:Standard Chartered Bank
Explanation:


18. Which of the following statement is/are correct about Reserve Bank of India?
i. It was established in 1935.
ii.It was nationalized on December, 1950.
iii.Its headquarter is in Mumbai
Options are:



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Correct Ans:Only i & iii
Explanation:


19. What is the new name of Rajiv Gandhi Grameen Vidyutikaran Yojana?



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Correct Ans:Deen Dayal Upadhyay Gram Jyoti Yojana
Explanation:


20. When the reserve bank of India increases the cash reserve ratio (CRR)?



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Correct Ans:When the Indian economy have high rate of inflation
Explanation:





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