GDP measures the total value of
- AFinal goods and services produced within a country
- BExports minus imports
- CGovernment expenditure only
- DIncome of citizens abroad
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Answer: (A) Final goods and services produced within a country
BPSC 70th Economy Questions with Answers & Explanations
20 Economy questions from the Economy section of BPSC 70th, each with the correct answer and a worked explanation. Try each question first, then tap Show answer to check. When you're ready, take the timed chapter-wise test to see your all-India rank.
The New Economic Policy (liberalisation) in India was introduced in
- A1985
- B2000
- C1980
- D1991
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Answer: (D) 1991
Inflation means a
- ARise in unemployment
- BRise in exports
- CGeneral rise in the price level
- DFall in prices
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Answer: (C) General rise in the price level
SEBI regulates the
- AInsurance sector
- BTelecom sector
- CBanking sector
- DSecurities (stock) market
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Answer: (D) Securities (stock) market
The National Stock Exchange index is called
- ANIKKEI
- BNIFTY 50
- CSENSEX
- DFTSE
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Answer: (B) NIFTY 50
Microfinance mainly provides
- ASmall loans to low-income people
- BInsurance to companies
- CLarge loans to industries
- DForeign exchange to exporters
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Answer: (A) Small loans to low-income people
GST in India was implemented from
- A1 April 2017
- B1 July 2017
- C1 January 2018
- D1 April 2016
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Answer: (B) 1 July 2017
Fourteen major commercial banks were nationalised in
- A1969
- B1991
- C1949
- D1980
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Answer: (A) 1969
Which tax is a direct tax?
- AGST
- BExcise duty
- CIncome tax
- DCustoms duty
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Answer: (C) Income tax
The headquarters of the Reserve Bank of India is in
- AMumbai
- BKolkata
- CNew Delhi
- DChennai
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Answer: (A) Mumbai
Ready for the real thing?
Timed Economy test · 15 questions · instant rank
The repo rate is the rate at which
- ARBI borrows from the government
- BBanks lend to customers
- CRBI lends to commercial banks
- DBanks borrow from the public
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Answer: (C) RBI lends to commercial banks
Inflation means a
- AFall in prices
- BRise in unemployment
- CRise in exports
- DGeneral rise in the price level
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Answer: (D) General rise in the price level
The repo rate is the rate at which
- ABanks lend to customers
- BRBI borrows from the government
- CBanks borrow from the public
- DRBI lends to commercial banks
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Answer: (D) RBI lends to commercial banks
The Union Budget is presented under which Article?
- AArticle 266
- BArticle 110
- CArticle 112
- DArticle 280
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Answer: (C) Article 112
The Reserve Bank of India was established in
- A1935
- B1947
- C1949
- D1969
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Answer: (A) 1935
Who signs the one-rupee note in India?
- APresident
- BFinance Minister
- CRBI Governor
- DFinance Secretary
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Answer: (D) Finance Secretary
NITI Aayog replaced the
- ANational Development Council
- BElection Commission
- CFinance Commission
- DPlanning Commission
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Answer: (D) Planning Commission
SEBI regulates the
- ATelecom sector
- BInsurance sector
- CSecurities (stock) market
- DBanking sector
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Answer: (C) Securities (stock) market
The RBI was nationalised in
- A1955
- B1969
- C1935
- D1949
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Answer: (D) 1949
The Indian financial year runs from
- AJuly to June
- BApril to March
- COctober to September
- DJanuary to December
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Answer: (B) April to March
These are RankerClub practice questions written in the BPSC 70th pattern. They are not official SSC/IBPS/RRB papers.
