Economics
1. What does GDP stand for?
A. Gross Development Product
B. Gross Domestic Product
C. Global Domestic Product
D. General Domestic Product
B. Gross Domestic Product
2. The Reserve Bank of India was established in which year?
A. 1925
B. 1930
C. 1935
D. 1947
C. 1935
3. Inflation refers to:
A. Decrease in prices
B. Increase in prices
C. Stable prices
D. No change in economy
B. Increase in prices
4. Repo rate is the rate at which:
A. Banks lend to customers
B. Banks borrow from public
C. Government borrows from banks
D. RBI lends to commercial banks
D. RBI lends to commercial banks
5. Which of the following is a direct tax?
A. GST
B. Customs Duty
C. Income Tax
D. Excise Duty
C. Income Tax
6. The headquarters of the World Trade Organization is located in:
A. Paris
B. Geneva
C. New York
D. London
B. Geneva
7. Fiscal policy is related to:
A. Money supply
B. Banking system
C. Government revenue and expenditure
D. Foreign trade
C. Government revenue and expenditure
8. Which institution presents the Union Budget in India?
A. Prime Minister
B. President
C. RBI Governor
D. Finance Minister
D. Finance Minister
9. What is the currency of India?
A. Dollar
B. Euro
C. Rupee
D. Pound
C. Rupee
10. Which of the following organizations provides financial assistance to developing countries?
A. UNESCO
B. IMF
C. WHO
D. UNICEF
B. IMF