Economics Questions and Answers updated daily – General Knowledge

Economics Questions: Solved 100 Economics Questions and answers section with explanation for various online exam preparation, various interviews, General Knowledge Category online test. Category Questions section with detailed description, explanation will help you to master the topic.

Economics Questions

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




SHOW ANSWER
Correct Ans:Deen Dayal Upadhyay Gram Jyoti Yojana
Explanation:
Workspace



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




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



43. What does laffer curve show?




SHOW ANSWER
Correct Ans:Relationship between total tax revenue and corresponding tax rates.
Explanation:
Workspace



44. What is laissez-faire?




SHOW ANSWER
Correct Ans:A Policy to have more interaction with rest of the world economies.
Explanation:
Workspace



45. What is liquidity?




SHOW ANSWER
Correct Ans:The degree to which an asset or security can be quickly bought or sold in the market.
Explanation:
Workspace



46. "COPRA" is a ________




SHOW ANSWER
Correct Ans:Consumer protection Act
Explanation:
Workspace



47. What is special 301 and super 301?




SHOW ANSWER
Correct Ans:Trade protection policies adopted by the USA
Explanation:
Workspace



48. Open sky policy launched by the government of India is related to __________




SHOW ANSWER
Correct Ans:Air transport sector for making export more convenient
Explanation:
Workspace



49. Which of the following organization is not joined by India?




SHOW ANSWER
Correct Ans:All of the above
Explanation:
Workspace



50. What is the mean of Population density?




SHOW ANSWER
Correct Ans:No. of persons living per square K.M.
Explanation:
Workspace



51. Closed economy is that economy, where _________ ?




SHOW ANSWER
Correct Ans:Either export or import is allowed in the economy
Explanation:
Workspace



52. Which of the following statement is not true about Indian budget 2016-17?




SHOW ANSWER
Correct Ans:Revenue from excise duty is more than income tax
Explanation:
Workspace



53. Which of the following option is true about the finance commission?
(i) Article 112 of the Indian constitution says that there will be a finance commission.
(ii) This commission is set up by the prime minister for 5 years.
(iii) 14th finance commission is set up under the chairmanship of Y.B. Reddy
(iv) The tenure of 14th finance commission is from 2015-2020.
Options are:




SHOW ANSWER
Correct Ans:Only iii,iv
Explanation:
Workspace



54. Who among the following never hold the office of chairman of finance commission?




SHOW ANSWER
Correct Ans:Pranab Mukherjee
Explanation:
Workspace



55. Which of the following tax is imposed by the central government but collected and kept by the state governments?




SHOW ANSWER
Correct Ans:Stamp duty
Explanation:
Workspace



56. Which of the following is NOT true about service tax in India?




SHOW ANSWER
Correct Ans:All of the above are incorrect
Explanation:
Workspace



57. Which of the following is the biggest contributor in India's foreign exchange reserve?




SHOW ANSWER
Correct Ans:Foreign exchange assets
Explanation:
Workspace



58. Which of the following statement is true about Mission Indradhanush?
(i) It was launched by Union Health Minister.
(ii) It covers 5 diseases
(iii) It was started on 5 Dec. 2013
Options are:




SHOW ANSWER
Correct Ans:Only i
Explanation:
Workspace



59. Which of the following is a direct tax?




SHOW ANSWER
Correct Ans:Corporation tax
Explanation:
Workspace



60. When was COPRA implemented in India?




SHOW ANSWER
Correct Ans:1986
Explanation:
Workspace



Are you seeking for good platform for practicing Economics questions in online. This is the right place. The time you spent in Fresherslive will be the most beneficial one for you.

Online Test on Economics @ Fresherslive

This page provides important questions on Economics along with correct answers and clear explanation, which will be very useful for various Interviews, Competitive examinations and Entrance tests. Here, Most of the Economics questions are framed with Latest concepts, so that you may get updated through these Economics Online tests. Economics Online Test questions are granted from basic level to complex level.

Why To Practice Economics Test questions Online @ Fresherslive?

Economics questions are delivered with accurate answer. For solving each and every question, very lucid explanations are provided with diagrams wherever necessary.
Practice in advance of similar questions on Economics may improve your performance in the real Exams and Interview.
Time Management for answering the Economics questions quickly is foremost important for success in Competitive Exams and Placement Interviews.
Through Fresherslive Economics questions and answers, you can acquire all the essential idea to solve any difficult questions on Economics in short time and also in short cut method.
Winners are those who can use the simplest method for solving a question. So that they have enough time for solving all the questions in examination, correctly without any tense. Fresherslive provides most simplest methods to answer any tough questions. Practise through Fresherslive test series to ensure success in all competitive exams, entrance exams and placement tests.

Why Fresherslive For Economics Online Test Preparation?

Most of the job seekers finding it hard to clear Economics test or get stuck on any particular question, our Economics test sections will help you to success in Exams as well as Interviews. To acquire clear understanding of Economics, exercise these advanced Economics questions with answers.
You're Welcome to use the Fresherslive Online Test at any time you want. Start your beginning, of anything you want by using our sample Economics Online Test and create yourself a successful one. Fresherslive provides you a new opportunity to improve yourself. Take it and make use of it to the fullest. GOODLUCK for Your Bright Future.


Online Test for Data Interpretation
Online Test for C Language

FreshersLive - No.1 Job site in India. Here you can find latest 2023 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail...
DMCA.com Protection Status