Economy General Knowledge

  1. Which bank is the Banker of the Banks? –RBI
  2. For international payments, to which currency is the Indian currency linked? –American Dollars
  3. Where is the headquarter of East African Development Bank? –Uganda
  4. In which year Statutory Liquidity Ratio was first imposed on banks? –1949
  5. The Unclaimed deposits are those deposits which haven’t been operated
    for how many years? –10 years or more
  6. CENVAT is associated with______? –Rate of Indirect Tax
  7. Gilt-edged means______? –Market of govt. securities
  8. What is the effect of Deficit financing? –Inflation
  9. Who was the first Indian Governor of RBI? –Shachindra Ray
  10. The principal sources of revenue to the State Government in India is______? –Sales Tax
  11. Indias Economic Summit was held in December 1999, in________? –New Delhi
  12. When a person has a saving account in the bank, the bank assumes
    the position of _? –Debtor
  13. Which is the largest Private Sector Bank in India? –HDFC Bank
  14. Which ministry formulates fiscal policy? –Finance Ministry
  15. In which year SIDBI was established? –1990
  16. What is the highest denomination of currency notes in circulation as legal
    tender in India at present? –Rs. 2000
  17. How many banks were nationalized in 1969? –14
  18. In April 1980 how many banks were nationalized? –Six
  19. When was decimal coinage introduced in India? –1957
  20. One rupee notes contain the signature of_______? –Finance Secretary, GOI
  21. Which is treated as artificial currency? –SDR
  22. Companies pay corporation tax on their______? –Incomes
  23. What was the earlier name of the WTO? –GATT
  24. If saving exceeds investment, what will be the effect on
    national income_______? –Remains constant
  25. Which is the oldest stock exchange in Asia? –Bombay Stock Exchange
  26. Temporary tax levied to obtain additional revenue is called_________? –Fee
  27. Which European country is the guarantor of Bank of Central African States? –France
  28. When was Consumer Protection Act(COPRA) passed? –1986
  29. The Money Order system in India was introduced in the year________? –1880
  30. Investment in public works is known as_______? –Capital Expenditure
  31. Where are the headquarters of IMF and World Bank located? –Both Washington DC
  32. Who appoints Banking Ombudsman? –RBI
  33. In which year was Railway Budget in India separated from general budget? –1924
  34. Which is the best measure of economic growth of a country? –GNP
  35. Economic growth is usually coupled with_____? –Inflation
  36. Which is the oldest stock exchange in the world? –Amsterdam Stock Exchange
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  37. Taxation and the government’s expenditure policy are dealt under which policy? –Fiscal Policy
  38. If the price of an inferior good falls, what about its demand? –Remains Constant
  39. Which type of unemployment mostly found in India? –Disguised Unemployment
  40. Which is the largest Public Sector Bank in India? –State Bank of India
  41. What is the main source of revenue to meet different expenditures? –Internal Borrowings
  42. Bouncing of cheques has become an offence. What is the punishment
    for the same? –6 months imprisonment
  43. The main source of National Income in India is______? –Agricultural Sector
  44. A crossed cheque is one, which can be encased only at which bank? –SBI
  45. The currency convertibility concept in its original form originated in? –Bretton Woods Agreement
  46. The difference between GNP & GDP is______? –Capital Depreciation
  47. ‘Brent ‘ Index is associated with __? –Crude oil prices
  48. The Foreign Exchange Management Act(FEMA) was passed in which year? –1999
  49. Which plan is also known as ‘Gadgil Yojana’? –3rd FYP
  50. Who presented the first union budget of Independent India? –RK Shanmukham Chetty
  51. States earn maximum revenue through? –Commercial Taxes
  52. Short-term finance is usually for a period ranging up to? –12 months
  53. When did India become a member of international Monetary Fund (IMF)? –1947
  54. Who coined the term ‘Hindu rate of growth’ for Indian Economy? –Raj Krishna
  55. When was the National Bank for Agriculture and Rural Development (NABARD) set up? –1982
  56. Where are the headquarters of United Nations Conference on Trade and
    Development (UNCTAD)? –Geneva
  57. Who is called the ‘Father of Economics’? –Adam Smith
  58. Which sector of Indian Economy has shown remarkable expansion during the last decade?
    –Tertiary Sector
  59. Which state has the lowest per capita income? –Bihar
  60. World Development Report is an annual publication of_________?
    –International Bank of Reconstruction & Development
  61. The slogan of ‘Garibi Hatao’ (Remove Poverty) was launched in which FYP? –4th FYP
  62. ‘Golden Handshake Scheme’ is associated with______? –Voluntary Retirement
  63. Who has presented the Union Budget of India maximum number of times? –Morarji Desai
  64. Who is the chairman of 14th Finance Commission? –Y. V. Reddy
  65. The second Five Year plan was based on_____? –Mahalanobis model
  66. The first devaluation of Indian currency took place in which year? –1949
  67. VAT has been introduced on the recommendation of which commission? –L. K. Jha Commission
  68. In which year was Minimum inflation in post economic reform? –1999-2000
  69. Who was the Chairman of the first Finance Commission? –K.C. Niyogi
  70. Those goods which have positive relationship between price and quantity
    demanded are called as ….? –Giffen Goods
  71. On July 12, 1982, the ARDC was merged into_______? –NABARD
  72. Which Indian got Nobel Prize for Economics? –Amartya Sen
  73. National Income estimates in India is prepared by _? –Central Statistical Organization
  74. Who wrote the book ‘Planned Economy for India’? –M. Visvesvaraya
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  75. Which is the oldest Development Financial Institution of India? –IFCI
  76. When was EXIM Bank set-up? –1982
  77. Which is the ‘Slack Season’ in the Indian Economy? –January-June
  78. To meet the need of whom, the concept of Land Development
    Bank has been developed? –Farmers
  79. When was the Rolling plan designed? –1978-83
  80. Which country is the largest debtor of UNO? –U.S.
  81. Which was first Commercial Bank of India? –Hindustan Bank
  82. Participatory Notes (PNs) are associated with which investors?
    –Foreign Institutional Investments
  83. A new private bank is established under which act? –Companies Act 1956
  84. How many country are represented in International Monetary Fund (IMF)? –189
  85. In which plan was the objective of self-reliance and zero net foreign aid was declared?
    –Fourth 5 year plan
  86. National Rural Development Institute is situated at_______? –Hyderabad
  87. Name the oldest insurance company of India? –Oriental Life Insurance Company
  88. On which date a Bank publishes its balance sheet? –31st march
  89. Excise duty is a tax levied on the_______? –Production of goods
  90. Which state stands first in the length of roads in the country? –Maharashtra
  91. Deficit financing means that the government borrows money from the______? –RBI
  92. “Bad money (if not limited in quantity) drives good money out of circulation.”
    is the law known as______? –Gresham’s law
  93. The “”Garibi Hatao”” slogan was coined in______? –1971
  94. When was the Reserve Bank of India taken over by the Government? –1948
  95. Who is considered the guardian of the Public Purse? –CAG
  96. In which year Swarn Jayanti Gram Swarozgar Yojna came into being? –1st April 1999
  97. The philosophy of ‘Laissez-faire’ is associated with? –Industrial States
  98. Where in Indian are coins minted? –Mumbai, Calcutta & Hyderabad
  99. In India, in which year was the service tax first introduced? –1994
  100. National Rural Employment Guarantee Scheme (NREGS) came into force in which year? –2006

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