General Knowledge Questions And Answers :: Economics: part1



General Knowledge : Economics QUESTIONS AND ANSWERS :: part1 : 41 to 45

Following General Knowledge Multiple choice objective type questions and answers will help you in TRB, SSC and UPSC 2024 examinations :

41.Bank Rate implies the rate of interest
paid by RBI on the Deposits of Commercial Banks
Charged by Banks on loans and advances
payable on Bonds
At which RBI discounts the Bills of Exchage.

42.Perpective plan is drawn up for a period of
1 year
2 or 3 years
5 years
15 to 20 years

43.The first estimate of national income in India was made by
Mahalanobis
V. K. R. V. Rao
Dadabhai Naoroji
Shirras

44.""Globalisation of Indian Economy"" means
Stepping up external borrowings
establishing Indian business units abroad
having minimum possible restrictions on economic relations with other countries.
giving up programmes of import substitution

45.Buyers market denotes the place where
the supply exceeds the demand
the demand exceeds the suply
the demand and supply are well balanced
commodities are available at competitive rates

More Economics QUESTIONS AND ANSWERS available in next pages

    Health is the greatest gift, contentment is the greatest wealth -Buddha
Opportunity is missed by most people because it is dressed in overalls and looks like work.- Thomas Edison

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