📈 Top 10 Indian Economy Facts You Should Know | Part-04 | GK & Competitive Exam Preparation:
Explore the Top 10 General Knowledge facts about the Indian Economy in Part-04 of this GK series. Learn important economic concepts, institutions, and facts useful for competitive exams, quizzes, and general awareness.💰📚
✨ 01. The lowering of the Bank Rate by the Reserve Bank of India leads to
(a) More liquidity in the market
(b) Less liquidity in the market
(c) No change in the liquidity in the market
(d) Mobilization of more deposits by commercial banks
Ans: (a) More liquidity in the market.
✨ 02. Open sky policy launched by the government of India is related to…?
(a) Air transport sector for making exports more convenient
(b) Allowing SAARC countries (except Pakistan) to allow their air territory for organizing air shows.
(c) Allowing ASEAN Nations to use Indian Territory to tackle terrorism.
(d) None of these
Ans. (a) Air transport sector for making exports more convenient.
✨ 03. Which of the following brings out the 'Consumer Price Index Number for Industrial Workers'?
(a) The Reserve Bank of India
(b) The Department of Economic Affairs
(c) The Labour Bureau
(d) The Department of Personnel and Training
Ans: (c) The Labour Bureau.
✨ 04. When was the first agricultural census of India conducted?
(a) 1880
(b) 1890
(c) 1921
(d) 1970
Ans. (d) 1970.
✨ 05. Which Bank launched the first digital bank, “Pockets, on a mobile phone in India?
a) HDFC
b) AXIS
c) ICICI
d) HSBC
Ans: c) ICICI.
✨ 06. What is laissez-faire?
(a) A Policy to have more interaction with the rest of the world's economies.
(b) A policy to close the economy
(c) Sudden change in the tax rate by the central government
(d) Sudden increase in the public expenditure by the government.
Ans. (a) A Policy to have more interaction with the rest of the world's economies.
✨ 07. A "closed economy" is an economy in which
(a) The money supply is fully controlled
(b) Deficit financing takes place
(c) Only exports take place
(d) Neither exports nor imports take place
Ans: (d) Neither exports nor imports take place.
✨ 08. Who develops and updates the Global Hunger Index?
(a) UNICEF
(b) WTO
(c) FAO
(d) International Food Policy Research Institute
Ans. (d) International Food Policy Research Institute.
✨ 09. With reference to the Union Budget, which of the following is/are covered under Non-Plan Expenditure?
(a) Defence expenditure
(b) Interest payments
(c) Salaries and pensions
(d) Subsidies,
Ans: (c) Salaries and pensions.
✨ 10. Which of the following is not matched correctly?
(a) IBRD established: 1945
(b) IFC established:1947
(c) IDA established: 1960
(d) MIGA established:1988
Ans. (b) IFC established:1947.
✍️ Final Thought:
Understanding the Indian economy is essential for students, competitive exam aspirants, and anyone interested in national development. These key facts provide valuable insights into India's economic structure, financial institutions, and growth drivers, helping build a strong foundation in general awareness and economics.💹
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