Economy And Finance Quiz - Sarkari Vaccancy

Economy and Finance Quiz

Important for: All 10+2 government Exams

/10

Economics & Finance

Economics & Finance Test 1

1 / 10

Which Indian public sector bank has largest number of branches in the World?

1) State Bank Of India

2) Punjab National Bank

3) Bank Of Baroda

4) Bank Of India

2 / 10

Which of the following is not part of direct tax?

1) GST

2) Income Tax

3) Wealth Tax

4) None of these above

3 / 10

How many Language are used in 10 Rupee note?

1) 15

2) 16

3) 17

4) 19

4 / 10

Unlisted Company can be value at______.

1) Market value method

2) Net Assets Method

3) Both A & B

4) None Of these above

5 / 10

When was the General Insurance Corporation of India formed ?

1) 1982

2) 1985

3) 1971

4) 1972

6 / 10

The Focus of the second five year plan was on?

1) Agriculture

2) Industrialization

3) Banking

4) Education & Startup

7 / 10

Who was the first governor of RBI?

1) Sir C D Deshmukh

2) Sir james Taylor

3) Sir Osborne Smith

4) L K Jha

8 / 10

When was the decimal currency system introduced in India?

1) April 1957

2) April 1952

3) April 1950

4) March 1945

9 / 10

Which among the following agency or organization has proposed to imposed Global Taxes on all the banks?

1) World Bank

2) IMF

3) Asian Development Bank

4) None of these above

10 / 10

When was the IMF (International Monetary Fund) established?

1) 1940

2) 1942

3) 1944

4) 1947

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Economics & Finance

Economics & Finance Test 2

1 / 10

Who was the chairman of 14th finance commission ?

1) Indira Gandhi

2) Morarji Deshai

3) Y.V. Reddy

4) Atal Bihari Bajpayee

2 / 10

Increased interest rates, as is existing in the economy at present will

1) Mean higher cost of raw materials

2) Lead to higher GDP growth

3) Mean lower cost of raw materials

4) None of these above

3 / 10

Which Indian state has lowest per capita income?

1) Uttar Pradesh

2) Bihar

3) Jharkhand

4) Assam

4 / 10

The National Development council was est. in the year?

1) 1950

2) 1952

3) 1954

4) 1950

5 / 10

The concept of ‘Micro Credit’ essentially concentrates on

1) Accepting Deposits

2) Consumption smoothening as and when needed

3) Facility to transfer money

4) Provision of credit to the poor

6 / 10

National Rural Employment Guarantee scheme came into force in which year?

1) 2004

2) 2005

3) 2006

4) 2007

7 / 10

VAT (Value Added Tax) was first introduced in which year?

1) 2004

2) 2005

3) 2006

4) 2008

8 / 10

In India, The base year for calculating GDP has been changed to from which to which year?

1) 2009 to 2010

2) 2010 to 2011

3) 2011 to 2012

4) 2012 to 2013

9 / 10

How many numbers of code in Indian financial System code(IFSC) system ?

1) 9 Digits

2) 11 Digits

3) 10 Digits

4) 12 Digits

10 / 10

The standard of Living in a country is represented by________.

1) GDP

2) GNP

3) NNP

4) Per Capita Income

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Economics & Finance

Economics & Finance Test 3

1 / 10

SEBI (SECURITY AND EXCHANGE BOARD OF INDIA) was Est. in which year?

1) 12 April 1992

2) 20 April 1998

3) 12 april 1972

4) 12 july 1972

2 / 10

Asia's first Export processing Zone (EPZ) was Est. in ______.

1) Maharastra

2) Delhi

3) Gujarat

4) Haryana

3 / 10

How many Regional Rural Banks are Working in all over the country?

1) 50

2) 56

3) 63

4) 25

4 / 10

Which Indian state released state level Human Development Report in 1995?

1) Maharastra

2) Delhi

3) Madhya Pradesh

4) Uttar Pradesh

5 / 10

The headquarters of the European Investment Bank are situated in –

1) France

2) U.K.

3) Luxemburg

4) Germany

6 / 10

What is the validity of the Electoral Bonds in India?

1) 10 days

2) 15 days

3) 25 days

4) 30 days

7 / 10

At Present, The Number of Nationalized bank are?

1) 14

2) 19

3) 22

4) 7

8 / 10

RBI was nationalized in which year ?

1) 1947

2) 1935

3) 1949

4) 1955

9 / 10

The activity of Bank for maintain a certain ratio between their cash in the hand and total assets known as_____.

1) IPO

2) SLR

3) Repo rate

4) None of these above

10 / 10

The FATF was formed to fight the menace of black money. It stands for –

1) Financial Action Task Force

2) Fundamental Acquisition Transfer Facility

3) Financial Acquisition Terminal Factor

4) None of these above

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Economics & Finance

Economics & Finance Test 4

1 / 10

Which prime minister is also known as 'father of indian Economic Reforms'?

1) Pt. Jawaharlal Nehru

2) P.V. Narshimha Rao

3) Pranav Mukharjee

4) Indira Gandhi

2 / 10

Black Revolution is known for___.

1) Share market scam

2) Crude oil Production

3) Coal Production

4) Black money

3 / 10

The Worldwide great depression took place in which year?

1) 1929

2) 1931

3) 1933

4) 1927

4 / 10

Which among the following body have authority to control the share market of India?

1) RBI

2) SEBI

3) NABARD

4) FERA

5 / 10

Which was the first fully Indian bank?

1) SBI

2) PNB

3) Indian Bank

4) Canara Bank

6 / 10

The Present Indian Monetary System is based on_____.

1) Minimum Reserve System

2) Gold Reserve System

3) Convertible Currency System

4) None of these above

7 / 10

Economic liberalization in India started with____.

1) The Convertibility of Indian Rupee

2) Significant reduction in tax rates

3) Substantial Changes in industrial licensing policy

4) None of these above

8 / 10

Income tax in india was introduced by whom?

1) Wiiliam shicango

2) James wilson

3) P.V. Narasimha Rao

4) None of these above

9 / 10

The money order system was introduced in india in which year?

1) 1860

2) 1880

3) 1890

4) 1895

10 / 10

During Which Five-year plan, The green revolution was introduced in india?

1) Second Five Year Plan

2) Fourth Five Year Plan

3) Sixth five year Plan

4) None of these above

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Economics & Finance

Economics & Finance Test 5

1 / 10

Who has the only right to issue bank notes of all denominations ?

1) Finance Minister

2) RBI

3) SBI

4) SEBI

2 / 10

Who was the first finance minister to have risen to be the president of India?

1) S Radhakrishnan

2) K.R. Narayana

3) Deen Dayal Sharma

4) R Venkataraman

3 / 10

Who was the finance minister of India at a time has introduced the service tax concept in India?

1) J.K. Gujral

2) Nirmala Sitaraman

3) Dr. Manmohan Singh

4) Arun Jaitely

4 / 10

NABARD (NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT) was founded in year?

1) 1999

2) 1956

3) 1972

4) 1982

5 / 10

Where is the Headquarter of NABARD?

1) Delhi

2) Mumbai

3) Banglore

4) Kolkata

6 / 10

In which year, SBI was founded?

1) 1935

2) 1947

3) 1952

4) 1955

7 / 10

How many there are approved stock exchange in India?

1) 10

2) 2

3) 13

4) 23

8 / 10

Who is the chairperson of Planning commision?

1) Prime Minister

2) Finance Minister

3) President

4) Selected by itself

9 / 10

Who Was the Finance minister presented maximum times of budget with 10 times?

1) Morarji Deshai

2) Arun Jaitely

3) Dr. Manmohan singh

4) Pranab Mukherjee

10 / 10

When the RBI (RESERVE BANK OF INDIA) Came to Existence?

1) 1930

2) 1955

3) 1935

4) 1947

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Economics & Finance

Economics & Finance Test 6

1 / 10

The Marginal Revenue of a monopolist is?

1) Equal to marginal Cost

2) Equal to price

3) Less than marginal Cost

4) More than marginal Cost

2 / 10

If total Utility is maximum at a point, then marginal utility is what?

1) Negative

2) Positive

3) Zero

4) Remain still

3 / 10

Zero-based budgeting was first introduced by which country?

1) India

2) USA

3) Russia

4) UK

4 / 10

An output increases, average fixed cost_____.

1) Remain still

2) Falls

3) Increase

4) Moves up and down

5 / 10

In the period of inflation and price rise, the supply of money is known as______.

1) Remain still

2) Moves up and down

3) Increase

4) Decrease

6 / 10

Fixed cost is also known as ____.

1) Indirect Cost

2) Overhead cost

3) Direct cost

4) Variable cost

7 / 10

National income is the _____.

1) Net National product at factor cost

2) Net National product at market price

3) Net Domestic product at factor cost

4) None of these above

8 / 10

An Exceptional Demand curve is one of that moves ____.

1) Upward Left

2) Downward to the right

3) Vertical

4) Upward to right

9 / 10

Economic growth of nation is depend on _______.

1) High Imports

2) High Investment

3) Inflation

4) More producing money

10 / 10

The imperial bank of india, after its nationalization came to be known as_____.

1) RBI

2) SBI

3) Indian Bank

4) NABARD

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Economics & Finance

Economics & Finance Test 7

1 / 10

A mixed economy works primarily on the basis of ______.

1) Central allocative machiney

2) Market Mechanism by corporate sector

3) Market mechanism guided by government participation and planning

4) None of these above

2 / 10

Who said it " supply creates its own demand"?

1) J.M. Keynes

2) Senior

3) J.B. Say

4) Michealangelo

3 / 10

Basic infrastructure facilities in economics are ______.

1) Capital expenditure

2) IPO

3) Public investment

4) Social overhead capitals

4 / 10

Dalal Street is located in which of the following place?

1) Mumbai

2) Delhi

3) Banglore

4) Kolkata

5 / 10

The data collection for national income estimation is conducted in india by _______.

1) NSSO

2) RBI

3) SBI

4) SEBI

6 / 10

Who founded the market law?

1) T.R. Malthus

2) Adam Smith

3) J.B. Say

4) None of these above

7 / 10

In which of the following market forms a firm does not exercise control over price ?

1) Perfect Competition

2) Monopoly

3) Duopoly

4) Monopolistic Competition

8 / 10

When there are one buyer and many sellers then the situation is known as_____.

1) Duopoly

2) Monopoly

3) Competitive situation

4) None of these above

9 / 10

Deficit financing is an instrument of what?

1) Fiscal Policy

2) Monetary Policy

3) Tax Policy

4) None of these above

10 / 10

Capital output ratio measures ?

1) Its per unit cost of production

2) The amount of capital invested per unit of output

3) The ratio of capital deprication to quantity of output

4) None of these above

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Economics & Finance

Economics & Finance Test 8

1 / 10

Government takes 'ways and means advances' from whom?

1) SBI

2) RBI

3) Nabard

4) LIC

2 / 10

Foreign Currency which has a tendency of quick migration is called?

1) Cold Currency

2) Hot Currency

3) Digital Currency

4) None of these above

3 / 10

Kishan Credit card scheme is introduced in which of the following year?

1) 1992

2) 1998

3) 2002

4) 2004

4 / 10

Which form of economy is known as the term of 'Laiseez-faire' Associated?

1) Socialist Economy

2) Capitalist Economy

3) Mixed Economy

4) None of these above

5 / 10

When too much money is chasing too few goods, the condition is known as ?

1) Inflation

2) Deflation

3) Stagflation

4) Money shortage

6 / 10

The process of curing inflation by reducing money supply is known as______.

1) Disinflation

2) Inflation

3) Cost-push inflation

4) None of these above

7 / 10

What is Bank rate?

Related with granting loan and interest to whom by whom?

1) Central Bank to commercial Bank

2) Commercial Bank to General Public

3) Central Bank to General Public

4) Central Bank to Government

8 / 10

G.S.T. is imposed from which year?

1) 2018

2) 2016

3) 2017

4) 2015

9 / 10

What the means of cheap money?

1) Lower price

2) Low saving

3) Low rates of interest

4) low level of earning

10 / 10

Purchasing power parity theory is related with?

1) Repo rate

2) Bank rate

3) Interest rate

4) Exchange rate

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Economy and Finance Quiz plays an important role in every kind of Government and other Entrance exams for 10+2 and graduation level exams. Here Sarkarivaccancy team provides latest quiz for every important topics with top levels in free of cost.

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