Latest Indian Economy General Knowledge(GK) Questions and answers

1 .

Which of the following items would not appear in a company's balance sheet?

A)

Value of stocks of raw materials held

B)

Total issued capital

C)

Revenue from sales of the company's products

D)

Cash held at the bank

Correct Answer : Revenue from sales of the company's products

2 .

The apex body for formulating plans and coordinating research work in agriculture and allied fields is

A)

State Trading Corporation

B)

Regional Rural Banks

C)

National Bank for Agriculture and Rural Development (NABARD)

D)

Indian Council of Agricultural Research

Correct Answer : Indian Council of Agricultural Research

3 .

If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to

A)

increase it

B)

decrease it

C)

no impact

D)

None of the above

Correct Answer : increase it

4 .

Resurgent India Bonds were issued in US dollar, Pound Sterling and

A)

Japanese Yen

B)

Deutsche Mark

C)

Euro

D)

French Franc

Correct Answer : Deutsche Mark

5 .

Which of the following is the most appropriate cause of exports surplus?

A)

Country's exports promotion value

B)

Country's stringent import policy

C)

Developments in national and international markets

D)

None of the above

Correct Answer : Developments in national and international markets

6 .

National expenditure includes

A)

consumption expenditure

B)

investment expenditure

C)

government expenditure

D)

All of the above

Correct Answer : All of the above

7 .

On July 12, 1982, the ARDC was merged into

A)

RBI

B)

NABARD

C)

EXIM Bank

D)

None of the above

Correct Answer : NABARD

8 .

Subsidies mean

A)

payment by government for purchase of goods and services

B)

payment made by business enterprises to factors of production

C)

payment made by companies to shareholders

D)

payment made by the government to business enterprises, without buying any goods and services

Correct Answer :

9 .

Gross domestic capital formation is defined as

A)

flow of expenditure devoted to increased or maintaining of the capital stock

B)

expenditure incurred on physical assets only

C)

production exceeding demand

D)

net addition to stock after depreciation

Correct Answer : net addition to stock after depreciation

10 .

The budget deficit means

A)

the excess of total expenditure, including loans, net of lending over revenue receipts

B)

difference between revenue receipts and revenue expenditure

C)

difference between all receipts and all the expenditure

D)

fiscal deficit less interest payments

Correct Answer : difference between all receipts and all the expenditure