• These tests are a check for your learning and are meant to serve as tools for assessment.
  • 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-13

Congratulations - you have completed Static GK Test: Economics, Test-13.You scored %%SCORE%% out of %%TOTAL%%.Your performance has been rated as %%RATING%%
Your answers are highlighted below.
Question 1
In 1955, Imperial Bank of India, a leading commercial bank of that time, was nationalized and renamed as
A
Central Bank of India
B
Bank of India
C
Indian Bank
D
State Bank of India
Question 2
A sustained and appreciable increase in the Price level over a considerable period of time is known as
A
Devaluation
B
Depreciation
C
Inflation
D
Depression
Question 3
Budget is the
A
Proposal of taxation
B
Annual financial statement
C
Appropriation Bill
D
None of these
Question 4
BPO (Business Process Outsourcing) is gaining ground due to
A
Factor cost advantage
B
Economy of scale
C
Business risk mitigation
D
All of the above
Question 5
When demand is inelastic, an increase in the price of a commodity would cause the total expenditure of the consumers to
A
increase
B
decrease
C
remain unchanged
D
first increase then decrease
Question 6
A tax that takes away a higher proportion of one's income as the income rises is termed as
A
Progressive Tax
B
Proportional Tax
C
Regressive Tax
D
Indirect Tax
Question 7
What does the tern ‘Over geared company’ mean?
A
Company doing extremely well
B
Company deeply in debt
C
company running satisfactorily
D
None of these
Question 8
PradhanMantri Gram SadakYojana (PMGSY) was launched in the year
A
2001
B
2000
C
1999
D
1998
Question 9
Naresh Chandra Committee is concerned with
A
Taxation Policy
B
Rural development
C
Aviation sector
D
Defence procurements
Question 10
‘Suvidha’ fixed deposits scheme has been launched by
A
ICICI Bank
B
City Bank
C
State Bank of India
D
IDBI
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