Indian Economy GK Questions with Answers

Indian Economy GK Questions with Answers: It contains 1000 questions and their answers.

These are very useful for all types of competitive exams. These questions are collected from previous years’ exams of Civil Services.

These questions are collected from previous years’ exams of Civil Services.


Indian Economy GK Questions 1

Indian Economy GK Questions

[1] With reference to a grouping of countries known as BRICS, consider the following statements:

[1] The First Summit of BRICS was held in Rio de Janeiro in 2009.

[2] South Africa was the last to join the BRICS grouping.

Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

 

[2] Which of the following organizations brings out the publication known as ‘World Economic Outlook’?

[A] The International Monetary Fund

[B] The United Nations Development Programme

[C] The World Economic Forum

[D] The World Bank

 

[3] Consider the following liquid assets:

[1] Demand deposits with the banks

[2] Time deposits with the banks

[3] Savings deposits with the banks

[4] Currency

The correct sequence of these assets in the decreasing order of liquidity is

[A] 1-4-3-2

[B] 4-3-2-1

[C] 2-3-1-4

[D] 4-1-3-2

 

[4] The endeavor of ‘Janani Suraksha Yojana’ Programme is

[1] to promote institutional deliveries

[2] to provide monetary assistance to the mother to meet the cost of delivery

[3] to provide for wage loss due to pregnancy and confinement

Which of the statements given above is/are correct?

[A] 1 & 2 Only

[B] 2 Only

[C] 3 Only

[D] 1, 2, & 3

 

[5] Despite having large reserves of coal, why does India import millions of tonnes of coal?

[1] It is the policy of India to save its own coal reserves for the future, and import it from other countries for the present use.

[2] Most of the power plants in India are coal-based and they are not able to get sufficient supplies of coal from within the country.

[3] Steel companies need a large quantity of coking coal which has to be imported.

Which of the statements given above is/are correct?

[A] 1 Only

[B] 2 & 3 Only

[C] 1 & 3 Only

[D] 1, 2, & 3

 

[6] Consider the following actions which the government can take:

[1] Devaluing the domestic currency.

[2] Reduction in the export subsidy.

[3] Adopting suitable policies that attract greater FDI and more funds from FIIs.

Which of the above action/actions can help in reducing the current account deficit?

[A] 1 and 2

[B] 2 and 3

[C] 3 only

[D] 1 and 3

 

 

[7] With reference to “Aam Adami Bima yojana’’ consider the following statements?

[1] The member insured under the scheme must be the head of the family or an earning member of the family in a rural landless household.

[2] The member insured must be in the age group of 30 to 65 years.

[3] There is a provision for free scholarship insured who are studying between classes 9 and 12.

Which of the statements given above is/are correct?

[A] 1 only.

[B] 2 and 3 only.

[C] 1 and 3 only.

[D] 1, 2, and 3.

 

 

[8] Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003?

[A] Elimination of revenue deficit by the end of the fiscal year 2007-08

[B] Non-borrowing by the central government from the Reserve Bank of India except under certain circumstances

[C] Elimination of the primary deficit by the end of the fiscal year 2008-09

[D] Fixing government guarantees in any financial year as a percentage of GDP

 

[9] Consider the following statements.

[1] Between Census 1951 and Census 2001, the density of the population of India has increased more than three times.

[2] Between Census 1951 and Census 2001 the annual growth rate [exponential] of the population of India has doubled.

Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

 

 

[10] The concept of carbon credit originated from which one of the following?

[A] Earth Summit, Rio de Janeiro

[B] Kyoto Protocol

[C] Montreal Protocol

[D] G- 8 Summit, Heiligendamm