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General Knowledge on Indian Economy | GK test on Indian Economy Page 8
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General Knowledge on Indian Economy

(Click on suggested Options to select the answer | Color Red means : Wrong & Green Means: Correct)

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71. When the Reserve Bank of India announces an increase of the Cash Reserve Ratio, What does it mean?
  • A. The commercial banks will have more money to lend
  • B. The Union Government will have less money to lend
  • C. The Reserve Bank of India will have less money to lend
  • D. The commercial banks will have less money to lend
  • Check Answer | Discussion
72. The acronym SRO, being used in the capital market for various market participants, stands for which one of the following ?
  • A. Self Regulatory Organizations
  • B. Small Revenue Operators
  • C. Securities Roll-back Operators
  • D. Securities Regulatory Organizations
  • Check Answer | Discussion
73. A rapid increase in the rate of inflation is sometimes attributed to the 'Base Effect'. What is 'Base Effect'?
  • A. It is the impact of drastic deficiency in supply due to failure of crops
  • B. It is the impact of the surge in demand due to rapid economic growth
  • C. It is the impact of the price levels of previous year on the calculation of inflation rate
  • D. None of the above
  • Check Answer | Discussion
74. A rapid increase in the rate of inflation is sometimes attributed to the 'Base Effect'. What is 'Base Effect'?
  • A. It is the impact of drastic deficiency in supply due to failure of crops
  • B. It is the impact of the surge in demand due to rapid economic growth
  • C. It is the impact of the price levels of previous year on the calculation of inflation rate
  • D. None of the above
  • Check Answer | Discussion
75. A rise in 'SENSEX' means
  • A. a rise in prices of shares of all companies registered with Bombay Stock Exchange
  • B. a rise in prices of shares of all companies registered with National Stock Exchange
  • C. an overall rise in prices of shares of group up companies registered with Bombay Stock Exchange
  • D. a rise in prices of shares of all companies belonging to a group of companies registered with Bombay Stock Exchange
  • Check Answer | Discussion
76. Corporation tax is imposed by
77. Which one of the following is not taken as a factor among the non-economic factors which contribute in economic growth?
78. Human Development Index (HDI) is a composite index of
  • A. nutritional status, quality of life and per capital GDP
  • B. poverty, life expectancy and educational attainment
  • C. life expectancy, educational attainment and per capital GDP
  • D. inflation, unemployment and per capital GDP
  • Check Answer | Discussion
79. A country is said to be in a debt trap if
  • A. it has to borrow to make interest payments on outstanding loans
  • B. it has to borrow to make interest payments on standing loans
  • C. it has been refused loans or aid by creditors abroad
  • D. the Word Bank charges a very high rate of interest on outstanding as well as new loans
  • Check Answer | Discussion
80. What is a 'Debit card'?
  • A. It is a card issued by Rating Agency
  • B. It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account
  • C. it is a card which can be used for withdrawing cash or making payment if there is balance in the account
  • D. It is a card which carried prepaid balance
  • Check Answer | Discussion

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