Latest Indian Economy General Knowledge(GK) Questions and answers

1 .

The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called

A)

Statutory Bank Ratio (SBR)

B)

Statutory Liquid Ratio (SLR)

C)

Central Bank Reserve (CBR)

D)

Central Liquid Reserve (CLR)

Correct Answer : Statutory Liquid Ratio (SLR)

2 .

Revenue of the state governments are raised from the following sources, except

A)

entertainment tax

B)

expenditure tax

C)

agricultural income tax

D)

land revenue

Correct Answer : agricultural income tax

3 .

Of the gross tax revenue of the Union Government the indirect taxes account for nearly

A)

70 per cent

B)

75 percent

C)

65 percent

D)

60 percent

Correct Answer : 65 percent

4 .

Deficit financing means that the government borrows money from the

A)

RBI

B)

local bodies

C)

big businessmen

D)

IMF

Correct Answer : RBI

5 .

Devaluation of currency will be more beneficial if

A)

prices of domestic goods remain constant

B)

prices of exports remain constant

C)

prices of imports remains constant

D)

prices of exports rise proportionately

Correct Answer : prices of exports remain constant

6 .

The condition of indirect taxes in the country's revenue is approximately

A)

70 percent

B)

75 percent

C)

80 percent

D)

86 percent

Correct Answer : 86 percent

7 .

Notes on which denomination has the portrait of Mahatma Gandhi printed on them?

A)

1000 rupee

B)

500 rupee

C)

100 rupee

D)

All of the above

Correct Answer : All of the above

8 .

Which of the following is not viewed as a national debt?

A)

Provident Fund

B)

Life Insurance Policies

C)

Long-term Government Bonds

D)

National Saving Certificate

Correct Answer : National Saving Certificate

9 .

The current price index (base 1960) is nearly 330. This means that

A)

all items cost 3-3 times more than what they did in 1960

B)

the prices of certain selected items have gone up to 3-3 times

C)

weighted means of prices of certain item has increased 3-3 times

D)

gold price has gone up 3-3 times

Correct Answer : weighted means of prices of certain item has increased 3-3 times

10 .

Non Tax revenues can be increased by improving the working of the

A)

State Road Transport Corporations

B)

commercial irrigation projects

C)

electricity boards

D)

All of the above

Correct Answer : commercial irrigation projects