🎯 RankerClub is 100% Free — 97 full-length mock tests with an instant all-India rank. Register Free →
RankerClub
Log in Get Started Free
Log in Register Free

NABARD Grade A Economy Questions with Answers & Explanations

20 Economy questions from the General Awareness & Economy section of NABARD Grade A, 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.

Take the General Awareness & Economy test → NABARD Grade A full mocks
Question 1

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

  1. A200 days
  2. B100 days
  3. C50 days
  4. D150 days
  5. ENone of these
Show answer
Answer: (B) 100 days
Question 2

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

  1. A1980
  2. B1985
  3. C2000
  4. D1991
  5. ENone of these
Show answer
Answer: (D) 1991
Question 3

SEBI regulates the

  1. ATelecom sector
  2. BInsurance sector
  3. CSecurities (stock) market
  4. DBanking sector
  5. ENone of these
Show answer
Answer: (C) Securities (stock) market
Question 4

GST in India was implemented from

  1. A1 April 2017
  2. B1 January 2018
  3. C1 April 2016
  4. D1 July 2017
  5. ENone of these
Show answer
Answer: (D) 1 July 2017
Question 5

The headquarters of the Reserve Bank of India is in

  1. AMumbai
  2. BNew Delhi
  3. CKolkata
  4. DChennai
  5. ENone of these
Show answer
Answer: (A) Mumbai
Question 6

The Union Budget is presented under which Article?

  1. AArticle 280
  2. BArticle 112
  3. CArticle 110
  4. DArticle 266
  5. ENone of these
Show answer
Answer: (B) Article 112
Question 7

Inflation means a

  1. ARise in unemployment
  2. BGeneral rise in the price level
  3. CFall in prices
  4. DRise in exports
  5. ENone of these
Show answer
Answer: (B) General rise in the price level
Question 8

The repo rate is the rate at which

  1. ARBI lends to commercial banks
  2. BRBI borrows from the government
  3. CBanks lend to customers
  4. DBanks borrow from the public
  5. ENone of these
Show answer
Answer: (A) RBI lends to commercial banks
Question 9

Fourteen major commercial banks were nationalised in

  1. A1980
  2. B1991
  3. C1969
  4. D1949
  5. ENone of these
Show answer
Answer: (C) 1969
Question 10

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

  1. A100 days
  2. B200 days
  3. C50 days
  4. D150 days
  5. ENone of these
Show answer
Answer: (A) 100 days

Ready for the real thing?
Timed General Awareness & Economy test · 30 questions · instant rank

Start free test
Question 11

Microfinance mainly provides

  1. AInsurance to companies
  2. BSmall loans to low-income people
  3. CLarge loans to industries
  4. DForeign exchange to exporters
  5. ENone of these
Show answer
Answer: (B) Small loans to low-income people
Question 12

GST in India was implemented from

  1. A1 January 2018
  2. B1 April 2016
  3. C1 July 2017
  4. D1 April 2017
  5. ENone of these
Show answer
Answer: (C) 1 July 2017
Question 13

Who signs the one-rupee note in India?

  1. AFinance Secretary
  2. BRBI Governor
  3. CPresident
  4. DFinance Minister
  5. ENone of these
Show answer
Answer: (A) Finance Secretary
Question 14

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

  1. ARBI
  2. BNITI Aayog
  3. CSEBI
  4. DNational Statistics Office
  5. ENone of these
Show answer
Answer: (D) National Statistics Office
Question 15

Which tax is a direct tax?

  1. AGST
  2. BIncome tax
  3. CExcise duty
  4. DCustoms duty
  5. ENone of these
Show answer
Answer: (B) Income tax
Question 16

GDP measures the total value of

  1. AIncome of citizens abroad
  2. BGovernment expenditure only
  3. CFinal goods and services produced within a country
  4. DExports minus imports
  5. ENone of these
Show answer
Answer: (C) Final goods and services produced within a country
Question 17

NITI Aayog replaced the

  1. APlanning Commission
  2. BNational Development Council
  3. CFinance Commission
  4. DElection Commission
  5. ENone of these
Show answer
Answer: (A) Planning Commission
Question 18

The Bombay Stock Exchange index is called

  1. ASENSEX
  2. BDOW
  3. CNASDAQ
  4. DNIFTY
  5. ENone of these
Show answer
Answer: (A) SENSEX
Question 19

The Indian financial year runs from

  1. AApril to March
  2. BOctober to September
  3. CJuly to June
  4. DJanuary to December
  5. ENone of these
Show answer
Answer: (A) April to March
Question 20

Microfinance mainly provides

  1. ASmall loans to low-income people
  2. BInsurance to companies
  3. CForeign exchange to exporters
  4. DLarge loans to industries
  5. ENone of these
Show answer
Answer: (A) Small loans to low-income people

These are RankerClub practice questions written in the NABARD Grade A pattern. They are not official SSC/IBPS/RRB papers.

More General Awareness & Economy topics

Banking Awareness 28 Qs Polity 20 Qs Static GK 20 Qs Geography 20 Qs History 20 Qs Insurance Awareness 19 Qs

All NABARD Grade A topics →