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CRPF CT/CISF HC /
Topic-wise practice /
Economy
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
A NIFTY 50
B SENSEX
C FTSE
D NIKKEI
Show answer
Answer: (A) NIFTY 50
Question 2
Fourteen major commercial banks were nationalised in
A 1980
B 1991
C 1949
D 1969
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Answer: (D) 1969
Question 3
Fourteen major commercial banks were nationalised in
A 1980
B 1991
C 1969
D 1949
Show answer
Answer: (C) 1969
Question 4
Microfinance mainly provides
A Foreign exchange to exporters
B Small loans to low-income people
C Insurance to companies
D Large 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
A 1947
B 1969
C 1935
D 1949
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Answer: (C) 1935
Question 6
Inflation means a
A General rise in the price level
B Rise in unemployment
C Fall in prices
D Rise 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
A 1985
B 1991
C 2000
D 1980
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Answer: (B) 1991
Question 8
MGNREGA guarantees how many days of wage employment in a year?
A 100 days
B 150 days
C 50 days
D 200 days
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Answer: (A) 100 days
Question 9
NITI Aayog replaced the
A Finance Commission
B National Development Council
C Election Commission
D Planning Commission
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Answer: (D) Planning Commission
Question 10
GDP measures the total value of
A Income of citizens abroad
B Final goods and services produced within a country
C Government expenditure only
D Exports minus imports
Show answer
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
A New Delhi
B Chennai
C Kolkata
D Mumbai
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Answer: (D) Mumbai
Question 12
GST in India was implemented from
A 1 April 2016
B 1 April 2017
C 1 July 2017
D 1 January 2018
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Answer: (C) 1 July 2017
Question 13
Which tax is a direct tax?
A Income tax
B Excise duty
C Customs duty
D GST
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Answer: (A) Income tax
Question 14
Which body publishes the Consumer Price Index (CPI) in India?
A NITI Aayog
B National Statistics Office
C SEBI
D RBI
Show answer
Answer: (B) National Statistics Office
Question 15
The Indian financial year runs from
A January to December
B July to June
C April to March
D October to September
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Answer: (C) April to March
Question 16
Who signs the one-rupee note in India?
A President
B Finance Secretary
C RBI Governor
D Finance Minister
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Answer: (B) Finance Secretary
Question 17
The repo rate is the rate at which
A RBI lends to commercial banks
B Banks borrow from the public
C Banks lend to customers
D RBI borrows from the government
Show answer
Answer: (A) RBI lends to commercial banks
Question 18
The Union Budget is presented under which Article?
A Article 110
B Article 112
C Article 280
D Article 266
Show answer
Answer: (B) Article 112
Question 19
Inflation means a
A Rise in exports
B Fall in prices
C General rise in the price level
D Rise in unemployment
Show answer
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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