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GK Questions: Indian Economy – Set 18

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Hello Aspirants. Welcome to Online General Knowledge section in Affairs cloud, which is important for all the competitive exams. We have created Some questions related to Indian GK(Indian Economy) !!!

  1. Which bank was previously called as Imperial Bank of India ?
    5.None of these
    Answer – 4.SBI
    Explanation :
    On 1 July 1955, the imperial Bank of India became the State Bank of India. In 2008, the Government of India acquired the Reserve Bank of India’s stake in SBI
    HQ – Mumbai

  2. Bharatiya Mahila Bank(BMB) is the first women bank in India.It was inaugurated in ……………
    Answer – 3.2013
    Explanation :
    Bharatiya Mahila Bank is an Indian financial services banking company based in New Delhi, India. Former Indian Prime Minister Manmohan Singh inaugurated the system on 19 November 2013

  3. The Basel norms are set by which organization ?
    1.World Bank
    2.Bank of International Settlements(BIS)
    3.Reserve Bank of India(RBI)
    4.United Nation(UN)
    5.None of these
    Answer – 2.Bank of International Settlements(BIS)
    Explanation :
    The Basel norms are set by Bank of International Settlements(BIS)

  4. Asia’s first Export Processing Zone was setup in ……………………….
    5.None of these
    Answer – 1.Kandla
    Explanation :
    Asia’s first Export Processing Zone (EPZ) was set up in the year 1965 at Kandla

  5. NAMA stands for
    1.Non-Assesst Market Access
    2.Non-Agricultural Management Act
    3.Non-Agricultural Market Access
    4.Non-Alignment Managing Access
    5.None of these
    Answer – 3.Non-Agricultural Market Access
    Explanation :
    The Non-Agricultural Market Access (NAMA) negotiations of the World Trade Organization are based on the Doha Declaration of 2001 that calls for a reduction or elimination in tariffs, particularly on exportable goods of interest to developing countries.

  6. The first such mini-budget was presented by ………………
    1.CD Deshmukh
    2.TT Krishnamachari
    3.Indira Gandhi
    4.John Mathai
    5.None of these
    Answer – 2.TT Krishnamachari
    Explanation :
    The first such mini-budget was presented by T T Krishnamachari on November 30, 1956 in form of fresh taxation proposals through Finance Bills

  7. An External Debt consists of loan taken from which of the following ?
    1.World bank
    4.Individual Countries
    5.All of these
    Answer – 5.All of these
    Explanation :
    External debt (or foreign debt) is the total debt a country owes to foreign creditors. The debtors can be the government, corporations or citizens of that country. The debt includes money owed to private commercial banks, other governments, or international financial institutions such as the International Monetary Fund (IMF) and World Bank

  8. Which of the following is used by the government to raise funds from the market for short period ?
    1.364 Days Treasury Bills
    2.14 Days Treasury Bills
    3.182 Days Treasury Bills
    4.91 Days Treasury Bills
    5.None of these
    Answer – 4.91 Days Treasury Bills
    Explanation :
    91 Days Treasury Bills is used by the government to raise funds from the market for short period

  9. Security papers related to which place ?
    5.None of these
    Answer – 2.Hoshangabad
    Explanation :
    Security paper mill was located in Hoshangabad Madhya Pradesh

  10. The wholesale Price Index measures the changes in Wholesale prices on
    1.Weekly Basis
    2.Monthly Basis
    3.Daily Basis
    4.Yearly Basis
    5.None of these
    Answer – 1.Weekly Basis
    Explanation :
    Wholesale Price Index (WPI) represents the price of goods at a wholesale stage i.e. goods that are sold in bulk and traded between organizations instead of consumers. WPI is used as a measure of inflation in some economies.