Latest Economics Questions | Economics Questions and Answers for SSC CGL 2023 & other Competitive Exams.
Hello Friends, We are sharing with you One Liners Economics Questions and Answers. This is very helpful for various competitive exams like SSC CGL, CHSL, MTS, RRB, DMRC, UPSC & other competitive exams.
Economics Questions
for SSC CGL 2023:
101. Yojna holiday after which –
Third Five Year Plan
Important Takeaway for All Competitive Exams:
-
3rd 5
Year Plan Time – 1961-1966
-
Also known as Gadgil
Yojna
-
The main reason of
failure of this plan was Indo-China War(1962),
Indo0Pak War(1965) & Drought(1966).
102.Which scheme was first emphasized for the
removal of Grabi –
fifth
Important Takeaway for All Competitive Exams:
-
5rd 5
Year Plan Time – 1974-1979
103.In which five-year plan, food scheme was
started for work –
Tenth
Important Takeaway for All Competitive Exams:
-
10th 5
Year Plan Time – 2002-2007
104.The Five Year Plan format is approved in
India by-
the National
Development Council
Important Takeaway for All Competitive Exams:
-
NDC
formed in 1952
105.What was the main objective of the first
five-year plan –
agricultural
development
Important Takeaway for All Competitive Exams:
-
1st 5
Year Plan Time – 1951-1956
106.Which five-year plan has been terminated one
year before the deadline –
the fifth plan
107.The Second Five-Year Plan was based on the-
Mahalanobis model.
Important Takeaway for All Competitive Exams:
-
2nd 5
Year Plan Time – 1956-1961
108.In which five-year plan, heavy industry was
given priority –
second
109.Who is the Chairman of Planning Commission –
Prime Minister
110.NITI Aayog has been created in place of which
institution-
Planning Commission
Important Takeaway for All Competitive Exams:
-
NITI Aayog: National
Institution for Transforming India
-
Established in 2015
-
Current CEO: B.V.R.Subrahmanyam
111.By whom is the publication of Yojana magazine
–
Ministry of
Information and Broadcasting
112.Which bank was formerly called Imperial Bank
of India –
RBI.
Important Takeaway for All Competitive Exams:
-
Changed to S.B.I.
in 1955
-
Founder of Imperial
Bank: John Maynard Keynes
113.Who determines the interest rate on savings
accounts in all nationalized commercial banks in India –
Reserve Bank of
India
Important Takeaway for All Competitive Exams:
-
RBI founded in April,
1935
-
HeadQuarter: Mumbai
-
1st
Governor: Sir Osborne Smith
-
1st
Indian Governor: C.D.Deshmukh
-
Current Governor: Shaktikanta
Das
114.Monetary and lending policy is announced by-
Reserve Bank of
India
115.Which bank performs the duty of central bank
in India-
Reserve Bank of
India
116.In which year the Reserve Bank of India was
nationalized –
1949
117.In which year fourteen major banks were
nationalized in India –
1969
118.Marginal consumption trends –
0 to 1
119.NABARD is an abbreviation of which-
National Bank for
Agriculture and Rural Development
Important Takeaway for All Competitive Exams:
-
Established in 12
July 1982
-
On which committee
NABARD was established: B.Sivaramman Committee
-
Headquarter: Mumbai
-
Chairman: Shaji
K.V
-
1st
Chairman: B.Sivaramman
120.Which banks are limited to the requirements
of agriculture and rural finance-
NABARD
121.Who owns RRB –
Central government,
state government, sponsored banks jointly with everyone
122.Who sponsors Regional Rural Banks –
National Commercial Bank
123. Which European Union country has its own personal currency and has not
adopted Euro –
Sweden
124.By whom are the rupee notes issued –
Government of India
125.Who signs a rupee note –
Secretary of the
Ministry of Finance
Geography One Liner Questions.
126.It is necessary for the Chairman of the
Finance Commission to be-
a person with
experience in public affairs.
127.Who was the Chairman of the Thirteenth
Finance Commission –
Dr. Vijay L. Kelkar
Important Takeaway for All Competitive Exams:
-
Constituted on November,
2007.
128.Interest rate is determined by-
liquidity
preference
129.Bank rate is considered as the interest rate
–
on which commercial
banks borrow money from the Reserve Bank of India.
130.What is the market from which money can be
obtained in the form of loan-
Money market
131.At what rate, Reserve Bank of India borrows
money from commercial banks –
reverse repo rate
132.Trade policy includes-
Export Import
Policy
133.When is the problem of undesirable balance of
payments –
import and export
134.Free trade means-
uncontrolled
exchange of goods and services.
135.Acquisition of a currency means determining
the value of the currency at this level –
higher.
Economics One Liner Questions.
136.Who WTO Promotes –
Multilateral Trade
137.Who are the main watchdogs of international
trade –
World Trade
Organization
Important Takeaway for All Competitive Exams:
-
Headquarter: Geneva,
Switzerland
-
Established: 1995.
138.Who are members of Indian Ocean Coastal
Regional Cooperation Association (IORA) –
Bangladesh,
Mauritius, India
139.What is hawala –
Illegal trading of
foreign currency
140.Who coined the terms microeconomics and
macroeconomics –
Regner Christian
141.Who is concerned with microeconomics –
individual units
142.Kautilya's Arthashastra deals mainly with-
Political
Governance
143.From which language is the word economics –
Greek
144.When the labor supply curve bends back –
income becomes a
low-level item.
145.The best index of economic development is
provided –
year by year, by an
increase in real income per capita.
146.Which shows the increase in the quantity of
supply –
rightward transfer of supply curve
147.Money supply is controlled by-
Reserve Bank of India
148. Who determines the market equilibrium of a commodity –
the balance of the demand and supply
powers of the commodity
149.To which country India exports the maximum
amount of gems and jewelery in terms of value –
USA.
150.Material on which India spends the maximum import amount
–
raw petroleum
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