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CRPF CT/CISF HC Economy Questions with Answers & Explanations

19 Economy questions from the General Knowledge & Awareness section of CRPF CT/CISF HC, 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.

Question 1

The National Stock Exchange index is called

  1. ANIFTY 50
  2. BSENSEX
  3. CFTSE
  4. DNIKKEI
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Answer: (A) NIFTY 50
Question 2

Fourteen major commercial banks were nationalised in

  1. A1980
  2. B1991
  3. C1949
  4. D1969
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Answer: (D) 1969
Question 3

Fourteen major commercial banks were nationalised in

  1. A1980
  2. B1991
  3. C1969
  4. D1949
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Answer: (C) 1969
Question 4

Microfinance mainly provides

  1. AForeign exchange to exporters
  2. BSmall loans to low-income people
  3. CInsurance to companies
  4. DLarge loans to industries
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Answer: (B) Small loans to low-income people
Question 5

The Reserve Bank of India was established in

  1. A1947
  2. B1969
  3. C1935
  4. D1949
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Answer: (C) 1935
Question 6

Inflation means a

  1. AGeneral rise in the price level
  2. BRise in unemployment
  3. CFall in prices
  4. DRise in exports
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Answer: (A) General rise in the price level
Question 7

The New Economic Policy (liberalisation) in India was introduced in

  1. A1985
  2. B1991
  3. C2000
  4. D1980
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Answer: (B) 1991
Question 8

MGNREGA guarantees how many days of wage employment in a year?

  1. A100 days
  2. B150 days
  3. C50 days
  4. D200 days
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Answer: (A) 100 days
Question 9

NITI Aayog replaced the

  1. AFinance Commission
  2. BNational Development Council
  3. CElection Commission
  4. DPlanning Commission
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Answer: (D) Planning Commission
Question 10

GDP measures the total value of

  1. AIncome of citizens abroad
  2. BFinal goods and services produced within a country
  3. CGovernment expenditure only
  4. DExports minus imports
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Answer: (B) Final goods and services produced within a country

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Question 11

The headquarters of the Reserve Bank of India is in

  1. ANew Delhi
  2. BChennai
  3. CKolkata
  4. DMumbai
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Answer: (D) Mumbai
Question 12

GST in India was implemented from

  1. A1 April 2016
  2. B1 April 2017
  3. C1 July 2017
  4. D1 January 2018
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Answer: (C) 1 July 2017
Question 13

Which tax is a direct tax?

  1. AIncome tax
  2. BExcise duty
  3. CCustoms duty
  4. DGST
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Answer: (A) Income tax
Question 14

Which body publishes the Consumer Price Index (CPI) in India?

  1. ANITI Aayog
  2. BNational Statistics Office
  3. CSEBI
  4. DRBI
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Answer: (B) National Statistics Office
Question 15

The Indian financial year runs from

  1. AJanuary to December
  2. BJuly to June
  3. CApril to March
  4. DOctober to September
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Answer: (C) April to March
Question 16

Who signs the one-rupee note in India?

  1. APresident
  2. BFinance Secretary
  3. CRBI Governor
  4. DFinance Minister
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Answer: (B) Finance Secretary
Question 17

The repo rate is the rate at which

  1. ARBI lends to commercial banks
  2. BBanks borrow from the public
  3. CBanks lend to customers
  4. DRBI borrows from the government
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Answer: (A) RBI lends to commercial banks
Question 18

The Union Budget is presented under which Article?

  1. AArticle 110
  2. BArticle 112
  3. CArticle 280
  4. DArticle 266
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Answer: (B) Article 112
Question 19

Inflation means a

  1. ARise in exports
  2. BFall in prices
  3. CGeneral rise in the price level
  4. DRise in unemployment
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Answer: (C) General rise in the price level

These are RankerClub practice questions written in the CRPF CT/CISF HC pattern. They are not official SSC/IBPS/RRB papers.

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