📈 Top 10 Indian Economy Facts You Should Know | Part-08 | GK & Competitive Exam Preparation:
Explore the Top 10 General Knowledge facts about the Indian Economy in Part-08 of this GK series. Learn important economic concepts, institutions, and facts useful for competitive exams, quizzes, and general awareness.💰📚
✨ 01. Inflation is a situation in which……?
(a) Value of money decreases
(b) Value of money increases
(c) First increases, then decreases
(d) First decreases, then increases
Ans. (a) Value of money decreases.
✨ 02. Which of the following taxes is imposed by the state government?
(a) Gift tax
(b) Property tax
(c) Road tax
(d) None of these
Ans. (c) Road tax.
✨ 03. Which of the following is not matched correctly?
(a) IFCI established: 1948
(b) NABARD established: 1982
(c) EXIM Bank was established in 1988
(d) SIDBI established: 1990
Ans. (c) EXIM Bank established:1988.
✨ 04. Balance of payment includes only ………in its calculation.
(a) Visible goods
(b) Invisible goods
(c) Both a & b
(d) None of these
Ans. (c) Both a & b.
✨ 05. Which of the following statements is correct?
(a) Balance of trade includes only invisible goods.
(b) Balance of payment is always in equilibrium in an. accounting sense
(c) When export exceeds the import, the balance of payment is termed as unfavorable
(d) When local currency devaluates, the exported quantity of the domestic country decreases
Ans. (b) Balance of payment is always in equilibrium in an accounting sense.
✨ 06. Who designed the symbol of the Indian rupee?
(a) Rakesh Kumar
(b) Udit raj
(c) D. Uday Kumar
(d) Dr. Raj Kumar
Ans. (c) D. Uday Kumar.
✨ 07. In the 2011 census, which of the following has the minimum population density?
(a) Bihar
(b) Kerala
(c) Goa
(d) Arunachal Pradesh
Ans. (d) Arunachal Pradesh.
✨ 08. Why does a government devalue its currency?
(a) To increase exports
(b) To reduce imports
(c) To decrease exports
(d) Both a & b
Ans. (d) Both a & b.
✨ 09. Which of the following statements is not correct?
(a) Birth rate is the number of births per thousand of the population during a year.
(b) Blue chip is a company that does not guarantee the return on an investment
(c) Bull is a person who is optimistic about the share market
(d) Boom is a situation of an economy in which prices and employment are the maximum
Ans. (b) Blue chip is a company that does not guarantee a. return on an investment.
✨ 10. What kind of unemployment is found in the agricultural sector of India?
(a) Situational
(b) Voluntary
(c) Frictional
(d) Disguise
Ans. (d) Disguise.
✍️ 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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