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

Who was the first governor of RBI?

1) Sir C D Deshmukh

2) Sir james Taylor

3) Sir Osborne Smith

4) L K Jha

3 / 10

When was the General Insurance Corporation of India formed ?

1) 1982

2) 1985

3) 1971

4) 1972

4 / 10

When was the decimal currency system introduced in India?

1) April 1957

2) April 1952

3) April 1950

4) March 1945

5 / 10

Which of the following is not part of direct tax?

1) GST

2) Income Tax

3) Wealth Tax

4) None of these above

6 / 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

7 / 10

When was the IMF (International Monetary Fund) established?

1) 1940

2) 1942

3) 1944

4) 1947

8 / 10

The Focus of the second five year plan was on?

1) Agriculture

2) Industrialization

3) Banking

4) Education & Startup

9 / 10

Unlisted Company can be value at______.

1) Market value method

2) Net Assets Method

3) Both A & B

4) None Of these above

10 / 10

How many Language are used in 10 Rupee note?

1) 15

2) 16

3) 17

4) 19

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Economics & Finance

Economics & Finance Test 2

1 / 10

Which Indian state has lowest per capita income?

1) Uttar Pradesh

2) Bihar

3) Jharkhand

4) Assam

2 / 10

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

1) 2004

2) 2005

3) 2006

4) 2007

3 / 10

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

1) 2004

2) 2005

3) 2006

4) 2008

4 / 10

The standard of Living in a country is represented by________.

1) GDP

2) GNP

3) NNP

4) Per Capita Income

5 / 10

Who was the chairman of 14th finance commission ?

1) Indira Gandhi

2) Morarji Deshai

3) Y.V. Reddy

4) Atal Bihari Bajpayee

6 / 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

7 / 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

8 / 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

9 / 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

10 / 10

The National Development council was est. in the year?

1) 1950

2) 1952

3) 1954

4) 1950

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Economics & Finance

Economics & Finance Test 3

1 / 10

The headquarters of the European Investment Bank are situated in –

1) France

2) U.K.

3) Luxemburg

4) Germany

2 / 10

What is the validity of the Electoral Bonds in India?

1) 10 days

2) 15 days

3) 25 days

4) 30 days

3 / 10

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

1) Maharastra

2) Delhi

3) Gujarat

4) Haryana

4 / 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

5 / 10

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

1) Maharastra

2) Delhi

3) Madhya Pradesh

4) Uttar Pradesh

6 / 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

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

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

10 / 10

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

1) 50

2) 56

3) 63

4) 25

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Economics & Finance

Economics & Finance Test 4

1 / 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

2 / 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

3 / 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

4 / 10

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

1) 1860

2) 1880

3) 1890

4) 1895

5 / 10

The Worldwide great depression took place in which year?

1) 1929

2) 1931

3) 1933

4) 1927

6 / 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

7 / 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

8 / 10

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

1) RBI

2) SEBI

3) NABARD

4) FERA

9 / 10

Which was the first fully Indian bank?

1) SBI

2) PNB

3) Indian Bank

4) Canara Bank

10 / 10

Black Revolution is known for___.

1) Share market scam

2) Crude oil Production

3) Coal Production

4) Black money

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Economics & Finance

Economics & Finance Test 5

1 / 10

Who is the chairperson of Planning commision?

1) Prime Minister

2) Finance Minister

3) President

4) Selected by itself

2 / 10

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

1) 1930

2) 1955

3) 1935

4) 1947

3 / 10

In which year, SBI was founded?

1) 1935

2) 1947

3) 1952

4) 1955

4 / 10

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

1) Finance Minister

2) RBI

3) SBI

4) SEBI

5 / 10

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

1) 1999

2) 1956

3) 1972

4) 1982

6 / 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

7 / 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

8 / 10

How many there are approved stock exchange in India?

1) 10

2) 2

3) 13

4) 23

9 / 10

Where is the Headquarter of NABARD?

1) Delhi

2) Mumbai

3) Banglore

4) Kolkata

10 / 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

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Economics & Finance

Economics & Finance Test 6

1 / 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

2 / 10

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

1) RBI

2) SBI

3) Indian Bank

4) NABARD

3 / 10

Zero-based budgeting was first introduced by which country?

1) India

2) USA

3) Russia

4) UK

4 / 10

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

1) Negative

2) Positive

3) Zero

4) Remain still

5 / 10

Fixed cost is also known as ____.

1) Indirect Cost

2) Overhead cost

3) Direct cost

4) Variable cost

6 / 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

7 / 10

An output increases, average fixed cost_____.

1) Remain still

2) Falls

3) Increase

4) Moves up and down

8 / 10

Economic growth of nation is depend on _______.

1) High Imports

2) High Investment

3) Inflation

4) More producing money

9 / 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

10 / 10

An Exceptional Demand curve is one of that moves ____.

1) Upward Left

2) Downward to the right

3) Vertical

4) Upward to right

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Economics & Finance

Economics & Finance Test 7

1 / 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

2 / 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

3 / 10

Basic infrastructure facilities in economics are ______.

1) Capital expenditure

2) IPO

3) Public investment

4) Social overhead capitals

4 / 10

Who founded the market law?

1) T.R. Malthus

2) Adam Smith

3) J.B. Say

4) None of these above

5 / 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

6 / 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

7 / 10

Who said it " supply creates its own demand"?

1) J.M. Keynes

2) Senior

3) J.B. Say

4) Michealangelo

8 / 10

Dalal Street is located in which of the following place?

1) Mumbai

2) Delhi

3) Banglore

4) Kolkata

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

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

1) NSSO

2) RBI

3) SBI

4) SEBI

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Economics & Finance

Economics & Finance Test 8

1 / 10

Purchasing power parity theory is related with?

1) Repo rate

2) Bank rate

3) Interest rate

4) Exchange rate

2 / 10

What the means of cheap money?

1) Lower price

2) Low saving

3) Low rates of interest

4) low level of earning

3 / 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

4 / 10

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

1) Inflation

2) Deflation

3) Stagflation

4) Money shortage

5 / 10

Government takes 'ways and means advances' from whom?

1) SBI

2) RBI

3) Nabard

4) LIC

6 / 10

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

1) 2018

2) 2016

3) 2017

4) 2015

7 / 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

8 / 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

9 / 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

10 / 10

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

1) 1992

2) 1998

3) 2002

4) 2004

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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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