Static GK Test: Economics, Test-3

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The test is designed to check your Static General Knowledge and provide you an assessment of the same.
Each question is followed by 4 options. Select the most appropriate option for the question.

Static GK Test: Economics, Test-3

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Question 1

The Stock Market Index of London Stock Market is referred to as

A	Footsie (FTSE)
B	Sensex
C	NIFTY
D	Bullish

Question 2

The Reserve Bank of India Keeps on changing various ratio/rates frequently. Why is this done? A. To keep inflation under control. B. To ensure that Indian Rupee does not lose its market value. C. To ensure that banks do not earn huge profits at the cost of public money.

A	Only B
B	Only A
C	Only C
D	All A, Band C

Question 3

Which of the following organizations is known as Market Regulator in India?

A	SEBI
B	lEA
C	AMFI
D	NSDL

Question 4

Vijay Kelkar Committee report deals with

A	Centre-State financial relations
B	Tax reforms
C	Trade reforms
D	Reforms in public sector enterprises

Question 5

Today Micro Finance is the most preferred route to meet the credit requirements of which of the following sections of the society?

A	Big Corporate Houses
B	High value individual customers
C	Industrial units up to the investment of Rs 50 crores
D	Poor and weaker sections of society

Question 6

Which of the following is not a tax/duty levied by the Government of India?

A	Service Tax
B	Education Cess
C	Custom Duty
D	Toll Tax

Question 7

Which of the following banks has taken over the contribution Bank of Punjab?

A	ICICI Bank
B	HDFC Bank
C	IDBI Bank
D	Axis Bank

Question 8

Free international trade leads to equalisation of

A	prices of both the countries
B	international prices with domestic price
C	commodities of both the countries
D	None of the above

Question 9

Bank rate of India is determined by

A	Commercial Banks
B	NABARD
C	Cooperative Banks
D	Reserve Bank of India

Question 10

Fiscal deficit in the Union Budget means

A	The difference between crucial expenditure and current revenue
B	The sum of budgetary deficit and net increase in internal and external borrowings
C	Net increase in Union Government borrowings from Reserve Bank of India
D	The sum of monetised deficit and budgetary deficit