1. Economic survey is published by
A. Ministry of Finance
B. Planning commission
C. Government of India
D. Indian Statistical Institute
Answer: A. Ministry of Finance
2. Which state in India receives an average rainfall of 200 meters?
A. Rajasthan
B. Punjab
C. Jammu—Kashmir
D. Arunachal Pradesh
Answer: C. Jammu—Kashmir
3. Which of the following plants is commonly cultivated along roadsides to absorb vehicular pollutants?
A. Nerium
B. Neem
C. Bougainvillea
D. Calotropis
Answer: C. Bougainvillea
4. Which Indian state has the lowest literacy rate?
A. Bihar
B. Rajasthan
C. Arunachal Pradesh
D. Orissa
Answer: A. Bihar
5. The famous “Golden Ball Award” is presented in which of the following sports?
A. Cricket
B. Hockey
C. Football
D. Tennis
Answer: C. Football
6. What is the maximum allowed interval between two sessions of Parliament?
A. 3 months
B. 4 months
C. 6 months
D. 9 months
Answer: C. 6 months
7. In which state in India the average rainfall is 200 metres?
A. Rajasthan
B. Punjab
C. Jammu—Kashmir
D. Arunachal Pradesh
Answer: C. Jammu—Kashmir
8. The initial secret monarch to mint coins —
A. Shrigupta
B. Chandragupta First
C. Samundragupta
D. Chandragupta Second
Answer: B. Chandragupta First
9. Gilt-edged market means
A. Bullion market
B. Market of government securities
C. Market of guns
D. Market of pure metals
Answer: B. Market of government securities
10. The central banking duties in India are carried out by the —
I. Central Bank of India
II. Reserve Bank of India
III. State Bank of India
IV. Punjab National Bank
A. I, II
B. II
C. I
D. II, III
Answer: B. II
11. Which of the following is responsible for formulating fiscal policy?
A. RBI
B. Finance Ministry
C. SEBI
D. Planning Commission
Answer: A. RBI
12. What type of economy does India have?
A. Socialist
B. Mixed
C. Free
4. Gandhian
Answer: B. Mixed
13. How many members are in the GST Council of India?
A. 33
B. 34
C. 36
D. 27
Answer: A. 33
14. Deficit financing refers to the government borrowing funds from the –
A. International Monetary Fund
B. Ministry of Finance
C. Reserve Bank of India
D. World Trade Organization
Answer: C. Reserve Bank of India
15. Price theory is alternatively known as
A. Macro Economics
B. Development Economics
C. Public Economics
D. Micro Economics
Answer: D. Micro Economics
16. The classification and standardization of agricultural products are managed through
A. Food Corporation of India
B. Directorate of Marketing and Inspection
C. Indian Standards Institution
D. Central Statistical Organization
Answer: B. Directorate of Marketing and Inspection
17. Devaluation of a currency means
A. Decrease in the value of a currency compared to major globally traded currencies
B. Allowing the currency to find its value in the international market
C. Setting the currency’s value based on the fluctuations of a basket of predetermined currencies
D. Determining the currency’s value through discussions with the IMF, the World Bank, and key trading partners
Answer: A. Reduction in the value of a currency vis-a-vis major internationally traded currencies
18. If all banks in an economy are nationalized and consolidated into a single monopoly bank, the total deposits
A. will decrease
B. will increase
C. will neither increase nor decrease
D. None of the above
Answer: C. will neither increase nor decrease