Important questions and answers of GK Set-7 related to Economics language for various competitive exams
Economy GK – Set 7: – GK Questions related to Economics below Section-7 Questions and answers have been written . All the economics related question banks, railways, SSC etc. published in this section will be important and helpful for you in all examinations.
Question 1. Which country was the first consumer rights declaration?
A. Australia
B. China
C. Japan
D. United States
[su_spoiler title = “Show Answer” style = “fancy”] Answer: United States[/su_spoiler]
Question 2. In which year was the new currency Euro introduced?
A. In 1954
B. In 1958
C. In 1999
D. In 2004
[su_spoiler title = “Show Answer” style = “fancy”] Answer: In 1999[/su_spoiler]
Question 3. From which point of view, cottage and small scale industry is necessary in Indian economy?
A. Low Cost
B. Employment Generation
C. Income Generation
D. None of these
[su_spoiler title = “Show Answer” style = “fancy”] Answer: Job creation[/su_spoiler]
Question 4. When was the Bombay Stock Exchange established?
A. 1952 AD
B. 1862 AD
C. 1875 AD
D. 1963 AD
[su_spoiler title = “Show Answer” style = “fancy”] Answer: 1875 AD[/su_spoiler]
Question 5. When was the Industrial and Financial Exchange Board established?
A. 1954
B. 1932
C. 1992
D. 1997
[su_spoiler title = “Show Answer” style = “fancy”] Answer: 1992[/su_spoiler]
Question 6. What is called by the government to replace the old currency with the new currency?
A. Demonetization
B. Currency contraction
C. Devaluation
D. Malthus
[su_spoiler title = “Show Answer” style = “fancy”] Answer: Demonetization[/su_spoiler]
Question 7. In which year was the first Regional Rural Bank established?
A. In 1997
B. In 1975
C. In 1956
D. In 1854
[su_spoiler title = “Show Answer” style = “fancy”] Answer: in 1975[/su_spoiler]
Question 8. In which year NABARD was established?
A. In 1952
B. In 1856
C. In 1956
D. In 1982
[su_spoiler title = “Show Answer” style = “fancy”] Answer: in 1982[/su_spoiler]
Question 9. In an economy, what is the relationship between the price of currency and the price level of ___?
A. Anulom
B. static
C. Inverse
D. None of these
[su_spoiler title = “Show Answer” style = “fancy”] Answer: Inverse[/su_spoiler]
Question 10. In terms of coconut production, which country has the first place in the world?
A. Indonesia
B. India
C. Sri Lanka
D. Bangladesh
[su_spoiler title = “View Answer” style = “fancy”] Answer: Indonesia[/su_spoiler]
