Latest Indian Economy General Knowledge(GK) Questions and answers

1 .

Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to

A)

80 percent

B)

83 percent

C)

90 percent

D)

100 percent

Correct Answer : 100 percent

2 .

Gilt-edged market means

A)

bullion market

B)

market of government securities

C)

market of guns

D)

market of pure metals

Correct Answer : market of government securities

3 .

In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?

A)

Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level

B)

Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level

C)

Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level

D)

Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level

Correct Answer :

4 .

ICICI is the name of a

A)

financial institution

B)

corporation

C)

bureau

D)

chemical industry

Correct Answer : financial institution

5 .

Deficit financing implies

A)

printing new currency notes

B)

replacing new currency with worn out currency

C)

public expenditure in excess of public revenue

D)

public revenue in excess of public expenditure

Correct Answer : public expenditure in excess of public revenue

6 .

Development expenditure of the Central government does not include

A)

defence expenditure

B)

expenditure on economic services

C)

expenditure on social and community services

D)

grant to states

Correct Answer : defence expenditure