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Economics(Trade) General Knowledge(GK) MCQS Part 1
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1. Which among the following is a Multinational Trade Negotiation Body ?
IDA
WTO
IMF
SAARC
2. Which among the following is a direct tax?
Excise Duty
Sales Tax
VAT
Income Tax
3. All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC. What is the full form of DICGC?
Deposit Insurance And Credit Guarantee Company
Deposit Insurance And Credit Guarantee Corporation
Direct Insurance And Credit Guarantee Corporation
Direct Insurance And Credit Guarantee Company
4. Which among the following is / are Negotiable instrument ?
Airway bill
Bank Note
Letter of credit
Demand draft
5. From the following bring out the one which is not a liability of a commercial bank?
Time Deposits
Borrowing from saving banks
Security Holdings
Demand deposits
6. In context of banking what is PCR?
Profit Credit Ratio
Provision Credit Ratio
Provision coverage ratio
Profit Coverage Ratio
7. Which among the following does not go with Progressive taxation?
ability to pay
administrative convenience
in built stabilizer
will to work and save
8. Which among the following is the most important determinant of the size of the market in an economy?
Population
Cost of transport
Infrastructure
Productivity
9. Express Remit is the brand name of a remittance facility by which of the following banks?
State Bank of India
Punjab National Bank
Bank of Baroda
ICICI Bank
10. In how many languages Reserve Bank of India’s Financial Education website is avaialble?
3
7
13
22
11. Many a times we read in the newspapers that RBI takes certain steps to curb the menace of Inflation. In this context, which among the following will not help RBI in controlling the inflation in the country?
An increase in the Bank Rate
An increase in the Reserve Ratio Requirements
A purchase of securities in the open market
Increasing the Repo Rate
12. From time to time, which among the following body publishes the “Exchange Control Manual” in context with the Foreign Exchange in India?
Foreign Trade Promotion Board
Department of Commerce
Reserve Bank of India
SEBI
13. At which of the following levels , Central Cooperative Banks are established in India?
District Level
State Level
Inter-state level
India Level
14. The Tobin tax, initially suggested by James Tobin was a tax on which among the following transactions?
Property Transactions
Currency Transactions
Industrial transactions
All of above
15. Who among the following heads the Trade and Economic Relations Committee (TERC) in India?
Prime Minister
Minister of Commerce
Finance Minister
Finance Secretary
16. What is the minimum public shareholding (MPS) mandated by SEBI for Private Companies and PSUs respectively?
75% and 90%
90% and 75%
10% and 25%
25% and 10%
17. Rate of real income growth in a country is annual percentage growth of :
Rate of GDP growth at current price
GDP growth at face tor cost at current prices
Rate of GDP growth at factor cost at constant prices
Rate of GDP growth at market prices
18. What is IPO in context to a company?
The first sale of stock by a private company to the public
Upgradation of shares from primary to secondary market
Selling of shares at premium by a company
Convert of a private limited company to public limited Company
19. Which among the following is NOT an Alternative Investment Fund?
Private Investment in Public Equity Funds
Infrastructure Equity Fund
Venture Capital Fund
Mutual Fund
20. India’s first operational special economic zone (SEZ) is located at?
Ahamadabad
Surat
Jaipur
Indore
21. Which among the following decides the Saving Banks Account Interest Rate in India?
Ministry of Finance
RBI
Indian Banks’ Association (IBA)
Banks themselves
22. Which among the following is correct representation of the Money Multiplier?
Ratio of Broad Money (M3) to Reserved Money (M0) i.e. M3/M0
Ratio of Broad Money (M3) to Narrow Money (M1) i.e. M3/M1
Ratio of Narrow Money (M1) to Broad Money (M3) i.e. M1/M3
Ratio of Narrow Money (M1) to Reserved Money (M0) i.e. M1/M0
23. In India, the Foreign Exchange Reserves are kept in the custody of which among the following?
Ministry of Finance
EXIM bank
Reserve Bank of India
Selected Public Sector Banks
24. With reference to the business, what is working capital?
The investment made in the business
Fixed assets
Circulating assets- stocks, cash and debts owed to the business
Amount spent on machinery or for building up stock
25. Which of the following bodies approves the Fair and Remunerative Price of Sugarcane?
Cabinet Committee on Economic Affairs
Commission for Agricultural Costs and Prices
Directorate of Marketing and Inspection, Ministry of Agriculture
Agricultural Produce Marketing Committee
26. Which among the following denotes the Market Capitalization of a company?
Current market value of its authorized capital
Current market value of its issued shares
Current market value of its paid-up capital
Current market value of issued shares and debentures
27. If a company is ‘unlimited’ in India, it implies that there is no limit on __:
Number of shares it can issue in market
Liability of its members
Amount of investment by its promoters
All of the above
28. For a healthy growth of service sector, what should government do?
Increase minimum wages
Provide broadband services in rural areas
Provide tax sops to infrastructure companies
Revive growth in farm and industrial sectors
29. Which among the following commodities displays characteristics of inferior goods?
Wheat
Kerosene
LPG
Paddy
30. Which of the following is the apex financial institution responsible for development of Micro, Small and Medium Enterprises in India?
IDBI
SIDBI
NABARD
EXIM
31. Which of the following is not included in the World Bank Group?
IBRD
IDA
MIGA
UNCTAD
32. Who was instrumental in the development of the policy Laissez Faire?
Adam smith
Alan Greenspan
Francis Fukuyama
Amartya Sen
33. Which country does John Stuart Mill belongs to?
Britain
USA
Germany
Switzerland
34. Who is the author of the book “Ensuring a prosperous Future”?
Montek singh Ahulwaliya
Prannoy Roy
Amartya Sen
Kaushik Basu
35. Who wrote “Hindutva and National Renaissance”?
Montek singh Ahulwaliya
P.C.Mehalonibis
Subramanian Swamy
Kaushik Basu
36. Who is the author of “Financial Architecture and Economic Development in China and India”?
Raghuram rajan
P.C.Mehalonibis
Subramanian Swamy
Kaushik Basu
37. In which Sector government owns most of the assets and provides all the services?
Public sector
Primary sector
Quinary sector
Organised sector
38. In which year India has seen the highest growth rate of 10.3%?
2009
2010
2011
2009
39. Which Scientist coined the term Evergreen revolution?
Vergese Kurien
M.S.Swaminathan
H.M.Dalaya
None of the above
40. Under which organization Long term irrigation fund is created?
National Cooperative society
NABARD
Ministry of agriculture
RBI
41. Which of the following is not an advantage of GM crops?
High productivity
Faster growth plants
More productivity
High prices to farmers
42. What is the total oilseeds produced by India in 2019?
44.19 million tonnes
34.19 million tonnes
24.19 million
28.19 million
43. Which is the largest Sesame producing country in the world?
Nepal
India
Myanmar
Tanzania
44. Which is the top Coffee producing state in India?
Kerala
Karnataka
Tamil Nadu
Assam
45. What is E-Pashuhaat portal?
Register livestcok
Find Sellers and Buyers of Liverstock
Connect Breeders and Farmers
Export Livestock
46. When was the National Artificial Insemination Programme launched?
2010
2018
2019
2012
47. Which state is the largest producer of Poultry meat?
Punjab
Haryana
Uttar Pradesh
None of the above
48. Which is the top exported seafood from India?
Dry Fish
Mud Crab
Frozen shrimp
None of the above
49. What is the contribution of seafood to agricultural exports?
20%
10%
30%
15%
50. In which forest the shrub Neelakurinji blossoms?
Nilgiri Biosphere reserve
Gir forests
Jim Corebette National park
None of the above
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