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General Economy Questions and Answers for competitive exams

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General Economy Questions and Answers for competitive exams UPSC SSC , IAS Prelims, SSC CGL, CHSL, General Awareness Questions Mcq

general economy questions and answers

46.
Which one is not included in NonBanking Financial Institutions (NBFIs)?

a
EXIM
b
NABARD
c
BOI
d
SIDBI
View Answer
Discuss
47.
Inflation is caused by :

a
Decrease in money supply
b
Increase in money supply
c
Increase in cash with the government
d
Increase in supply of goods
View Answer
Discuss
48.
Which bank is limited to the needs of agriculture and rural finance ?

a
NABARD
b
SBI
c
RBI
d
IFC
View Answer
Discuss
49.
What is known as the open market operation of the RBI ?

a
Auctioning of foreign exchange
b
Trading in securities
c
Transactions in gold
d
Buying and selling of stocks
View Answer
Discuss
50.
The national income of a country is-

a
Surplus of the public sector enterprise
b
Government annual revenue
c
Total productive income
d
Export-(Loan) Import
View Answer
Discuss
51.
Which of the following does not form a part of the foreign exchange reserves of India ?

a
SDRs
b
Foreign currency assets
c
Gold
d
Foreign currency and securities held by the banks and corporate bodies
View Answer
Discuss
52.
State which amongst the following is not true about VAT ?

a
All States have uniform VAT for the same product
b
It will promote production efficiency of investments
c
It will make our exports more competitive
d
State have discretion to fix the rate of tax within the four rates prescribed
View Answer
Discuss
53.
To achieve high rates of growth of national output, the economy has to

a
step up the rate of savings
b
reduce the rate of growth of population
c
borrow foreign capital
d
increase the rate of investment and reduce the capital output ratio
View Answer
Discuss
54.
In the budget figures of the Government of India, fiscal deficit is

a
revenue expenditure – revenue receipts
b
sum of budget deficit and Government's market borrowings and liabilities
c
capital expenditure – capital receipts + market borrowings
d
total expenditure – total receipts
View Answer
Discuss
55.
Which car has been the best seller in India in 2004-2005 ?

a
Tata Indica
b
Maruti 800
c
Maruti Suzuki Alto
d
Santro Xing
View Answer
Discuss
56.
In a Capitalistic Economy, the prices are determined by :

a
Demand and Supply
b
Sellers in the Market
c
Buyers in the Market
d
Government Authorities
View Answer
Discuss
57.
Securities and Exchange Board of India is a

a
Consititutional Body
b
Quasi Judicial body
c
Advisory Body
d
Regulatory Body
View Answer
Discuss
58.
When was the Mumbai Stock Exchange set up?

a
1947
b
1857
c
1900
d
1875
View Answer
Discuss
59.
Indian Special Economic Rules amendment came in the year

a
2000
b
2006
c
2002
d
2004
View Answer
Discuss
60.
One of the essential conditions of Monopolistic competition is

a
Product differentiation
b
Many buyers but one seller
c
Price discrimination
d
Homogeneous product
View Answer
Discuss
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