Top 10 General Knowledge | Indian Economy Facts | Part-04

1. The lowering of 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.

2.  Open sky policy launched by the government of India is related to…?

(a)  Air transport sector for making export more convenient

(b)  Allowing SAARC countries (except Pakistan) to allow its 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 export more convenient.

3. 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.

4. When was the first agriculture census of India conducted?

(a) 1880

(b) 1890

(c) 1921

(d) 1970

Ans. (d) 1970.

5. Which Bank launched first digital Bank “Pockets’, on a mobile phone in India?

a) HDFC

b) AXIS

c) ICICI

d) HSBC

Ans: c) ICICI.

6.  What is laissez-faire?

(a)  A Policy to have more interaction with rest of the world economies.

(b)  A policy to closed 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 rest of the world economies.

7. 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.

8. Who develops and updates Global hunger Index?

(a) UNICEF

(b) WTO

(c) FAO

(d) International Food Policy Research Institute

Ans. (d) International Food Policy Research Institute.

9. With reference to 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.