Economics GK Practice Question and Answer
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Q: Who is called the bank of banks in India?
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6088f96606b39f63ea8ee09d- 1Reserve Bank of Indiatrue
- 2Bank of Indiafalse
- 3State Bank of Indiafalse
- 4All thesefalse
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Answer : 1. "Reserve Bank of India"
Q: Benefit from inflation?
471 06088f883bdba7253ca28796e
6088f883bdba7253ca28796e- 1debtortrue
- 2Lenderfalse
- 3Saverfalse
- 4Pension Recipientsfalse
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Answer : 1. "debtor"
Q: What is the process of constantly increasing prices?
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6088f6d506b39f63ea8eddd8- 1Inflationtrue
- 2over productionfalse
- 3Mandifalse
- 4None of thesefalse
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Answer : 1. "Inflation"
Q: What is called by the government to abolish the old currency and move to the new currency?
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6088f6270ac1df7d9f7feca2- 1Demonetizationtrue
- 2devaluationfalse
- 3Currency contractionfalse
- 4All thesefalse
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Answer : 1. "Demonetization"
Q: Which of the following is not a function of currency?
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6088f5d5bdba7253ca28762e- 1Measurement of valuefalse
- 2accumulation of valuefalse
- 3transfer of valuefalse
- 4stabilization of pricetrue
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Answer : 4. "stabilization of price"
Q: A foreign currency which has a tendency to migrate soon is called?
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6088f57706b39f63ea8edd1a- 1soft currencyfalse
- 2Savarna Mudrafalse
- 3Hot moneytrue
- 4Rare currencyfalse
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Answer : 3. "Hot money"
Q: Who assesses the national income numbers in India?
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6052f37c528a962d2e41a137- 1Planning Commission Ministry of Financefalse
- 2Central Statistical Organizationtrue
- 3Reserve Bank of Indiafalse
- 4Reserve Bank of Indiafalse
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Answer : 2. "Central Statistical Organization"
Q: What is the Hindu growth rate related to?
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6052f333a37d522d6c187861- 1Populationfalse
- 2Literacyfalse
- 3per capita incomefalse
- 4National incometrue
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Answer : 4. "National income"
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