Latest Indian Economy General Knowledge(GK) Questions and answers

1 .

Which state does Kotpad handloom fabric belongs to?

A)

Andhra Pradesh

B)

Karnataka

C)

Kerala

D)

Odisha

Correct Answer : Odisha

Kotpad handloom fabric is a vegetable dyed handloom fabric woven by tribal weavers of the Mirgan community of Kotpad village in Koraput district, Odisha. It recently got GI tag.

2 .

Which country spends maximum as a percentage of GDP on R&D?

A)

China

B)

Japan

C)

Israel

D)

Sweden

Correct Answer : Israel

The top 3 countries spend maximum as a percentage of GDP on R&D are:

1. Israel

2. Switzerland

3. Sweden

3 .

How many companies make up sensex Index?

A)

10

B)

20

C)

30

D)

40

Correct Answer : 30

The average of 30 major companies make up the sensex or sensitive Index. This belongs to the Bombay stock Exchange.

4 .

How many stock exchanges are there in India?

A)

5

B)

6

C)

7

D)

8

Correct Answer : 5

There are 5 stock exchanges in India. They are BSE, NSE, United stock Exchange,MCX stock Exchange(MCX-SX) and India International Exchange(INX).

5 .

Approximately what fraction of Indiaâ€™s total edible oil demand is met through imports?

A)

70%

B)

60%

C)

50%

D)

40%

Correct Answer : 60%

India currently meets around 60% of its edible oil demand of 24 million tonnes (mt) a year through import.

6 .

Which among the following indicates the total borrowing requirements of Government from all sources?

A)

Primary Deficit

B)

Revenue deficit

C)

Effective Revenue Deficit

D)

Fiscal Deficit

Correct Answer : Fiscal Deficit

* Revenue deficit refers to the excess of revenue expenditure over revenue receipts.

* Effective revenue deficit is the difference between revenue deficit and grants for creation of capital assets.

* Fiscal deficit is the difference between the revenue receipts plus non-debt capital receipts and the total expenditure including loans, net of repayments. This indicates the total borrowing requirements of Government from all sources.

* Primary deficit is measured by fiscal deficit less interest payments.

7 .

Which among the following sponsors Regional Rural Banks(RRBs)?

A)

Reserve Bank of India

B)

Co-operative Banks

C)

Foreign Banks

D)

National Commercial Banks

Correct Answer : National Commercial Banks

Regional Rural Banks are formed under RRB act. RRBS can be sponsored by commercial banks ,PSU ,private sector banks with share capital participation by central and state govts

8 .

Which Strategic nation-building initiative is launched by NITI Aayog?

A)

Coach India

B)

Teach India

C)

Mentor India

D)

Student India

Correct Answer : Mentor India

Mentor India is a strategic nation building voluntary initiative launched by NITI aayog, to engage leaders who can guide and mentor students in 5000+ Atal Tinkering Labs that Atal Innovation Mission has established/is in the process of establishing across India. The idea is to engage leaders who will nurture and guide students in the Atal Tinkering Labs.

9 .

What is Indiaâ€™s rank in egg production in the world?

A)

3rd

B)

4th

C)

5th

D)

6th

Correct Answer : 3rd

Livestock Population and Production 7.20 According to FAOSTAT production data (2019), India ranks 3rd in egg production in the world. The egg production in the country has increased from 78.48 billion in 2014-15 to 114.38 billion in 2019-20*.

10 .

Which committee is appointed to suggest measures for doubling farmerâ€™s income by 2022?

A)

N.K.Singh Committee

B)

Ashok Dalwai Commitete

C)

Ashok Mehta Committee

D)

GVK Rao Commitee

Correct Answer : Ashok Dalwai Commitete

The Ashok Dalwai Committee is appointed to suggest measures for doubling farmers’ income. The committee estimated that the doubling farmers’ income will require an agricultural growth rate of 10-11% per annum, until 2022–23.