Economics GK Questions – Indian Economy Quiz
Economics GK Questions – Welcome to GKcoaching.in! In today’s class we will discuss some Economics GK Questions and Answers. The topics which we cover here are Tax system, Demand, Commodity, National schemes & Yojanas, NABARD, Planning commission, Fiscal policy, National income, etc.
Economics GK Questions Answers
# If the Tax rate increases with higher level of income, then it is called?
a. Lumpsum tax
b. Progressive tax
c. Proportional tax
d. Regressive tax
# During which year the Sarva Siksha Abhiyan became operational in India?
# The Green Revolution was introduced in which 5 year plan?
# What is the full form of PAN?
a. Personal Account Number
b. Postal Account Number
c. Permanent Account Number
d. Public Account Number
# The demand of commodity is a Direct Demand, but the demand of a factor of production is called a?
a. Independent demand
b. Derived demand
c. Crossed demand
d. Joint demand
# National Statistics Day is observed on?
a. 19 June
b. 29 June
c. 29 July
d. 19 May
# Who is the chairman of Planning Commission?
a. Vice President
b. Finance minister
c. Prime Minister
# What are Gilt-Edged securities?
a. Securities issued by private sector
b. Securities issued by multinational companies
c. Securities issued by joint venture companies
d. Securities issued by government
# Where is the headquarters of NABARD?
> NABARD = National Bank for Agriculture and Rural Development
# NABARD was founded in the year?
# Economic planning is an essential feature of which of the following?
a. Mixed economy
b. Dual economy
c. Socialist economy
d. Capitalist economy
# Who has written the book ‘Planned Economy for India’?
a. Jawaharlal Nehru
b. Mahatma Gandhi
c. M. Visvesvaraya
d. Sardar Vallabhai Patel
History GK Quiz Questions Answers
# Fiscal policy in India is formulated by?
a. The Finance Ministry
c. The Planning Commission
# Who is called the Father of Economics?
a. Karl Marx
b. Adam Smith
c. Max Muller
d. Alfred Marshall
Indian Economy GK Questions and Answers
# ‘The Wealth of Nations’ is a book written by?
a. Max Muller
b. Karl Marx
c. Adam Smith
# Who has the right to issue bank notes of all denominations?
a. Finance Ministry
d. Planning Commission
# Before nationalization State Bank of India was known as?
a. Grand bank
b. Imperial bank of India
c. General bank of India
d. Bank of Hindustan
# Jawahar Rojgar Yojana was launched in which 5 year plan?
# Government of India earns maximum revenue from?
a. Sales tax
b. Central bank of India
c. Corporate tax
d. Income tax
# SBI was founded in the year?
# Who was the first person who adopt a scientific method for estimating the National Income of India?
a. P.N. Dhar
b. Ashok Mitra
c. Prof. Sheroi
d. V.K.R.V. Rao
# What is the maximum number of employment days a rural poor gets under ‘MGNREGA’?
a. 120 days
b. 180 days
c. 90 days
d. 100 days
# National Income of India is compiled by?
a. National Development Council
b. Indian Statistical Institute
c. Central Statistical Organization
d. Finance Commission
# Indian Statistical Institute is located at?
# Which of the following is a tertiary activity?
# Which of the following is not an instrument of Fiscal policy?
b. Public debt
c. Public expenditure
d. Credit rationing
# The Planning commission of India is a/an?
a. Constitutional body
b. Non-statutory body
c. Independent and autonomous body
d. Statutory body
# First Finance Minister to have risen to be the President of India is?
a. K.R. Narayanan
b. R. Venkataraman
c. Shankar Dayal Sharma
d. S. Radhakrishnan
# From the following who has presented the maximum number of budgets (10 budgets)?
a. P. Chidambaram
b. Pranab Mukherjee
c. Morarji Desai
d. Yashwant Sinha
# Which finance minister has introduced the Service Tax in India?
a. Indira Gandhi
b. J.K. Gujral
c. P. Chidambaram
d. Dr. Manmohan Singh
# From the following the 2nd Five year Plan is based on?
a. Harrod-Domar model
b. Nehru-Mahalanobis model
c. Cambridge model
d. Bose model
# From the following which body controls the share market of India?
# Who appoints the member of Finance Commission of India?
a. President of India
b. Central Finance Minister
c. RBI Governor
d. CAG of India