Economics One liner Question and Answers

Posted : 3 months ago

economics One liner Question and Answers


1.
During which Plan did prices show a decline?

Answer and Explanation
Explanation :
First

2.
Which bank is the Banker of the Banks?

Answer and Explanation
Explanation :
RBI

3.
When was the Reserve Bank of India taken over by the Government?

Answer and Explanation
Explanation :
1948

4.
Which is the tax that takes away a higher proportion of one's income as the income rises?

Answer and Explanation
Explanation :
Progressive tax

5.
What is the mean of Invisible Export?

Answer and Explanation
Explanation :
Export Services

6.
During which Plan did prices show a decline?

Answer and Explanation
Explanation :
First

7.
When was the Rolling plan designed?

Answer and Explanation
Explanation :
1978-83

8.
Why does the Issue Department of the RBI maintain a against printing of note?

Answer and Explanation
Explanation :
Minimum Reserve System

9.
Who is the chairman of 13th Finance Commission?

Answer and Explanation
Explanation :
Vijay Kelkar

10.
What is an essential attribute of inflation?

Answer and Explanation
Explanation :
Increase in prices

11.
What is the best means of saving during inflation?

Answer and Explanation
Explanation :
Money

12.
Which is the oldest 'stock exchange of India?

Answer and Explanation
Explanation :
Bombay Stock Exchange

13.
The National Housing Bank was set up in India as a wholly-owned subsidiary of which bank?

Answer and Explanation
Explanation :
Reserve Bank of India

14.
Which situation makes a firm most efficient?

Answer and Explanation
Explanation :
Lowest average costs

15.
From the view of International economy, What does third World imply?

Answer and Explanation
Explanation :
The developing countries