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RRB ALP /
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Economy
RRB ALP Economy Questions with Answers & Explanations
17 Economy questions from the General Awareness section of RRB ALP, 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
Fourteen major commercial banks were nationalised in
A 1980
B 1949
C 1991
D 1969
Show answer
Answer: (D) 1969
Question 2
The Bombay Stock Exchange index is called
A NASDAQ
B SENSEX
C NIFTY
D DOW
Show answer
Answer: (B) SENSEX
Question 3
GST in India was implemented from
A 1 July 2017
B 1 April 2016
C 1 January 2018
D 1 April 2017
Show answer
Answer: (A) 1 July 2017
Question 4
SEBI regulates the
A Banking sector
B Telecom sector
C Securities (stock) market
D Insurance sector
Show answer
Answer: (C) Securities (stock) market
Question 5
Which body publishes the Consumer Price Index (CPI) in India?
A SEBI
B RBI
C National Statistics Office
D NITI Aayog
Show answer
Answer: (C) National Statistics Office
Question 6
Which tax is a direct tax?
A Excise duty
B Income tax
C Customs duty
D GST
Show answer
Answer: (B) Income tax
Question 7
The headquarters of the Reserve Bank of India is in
A Chennai
B Mumbai
C Kolkata
D New Delhi
Show answer
Answer: (B) Mumbai
Question 8
The New Economic Policy (liberalisation) in India was introduced in
A 2000
B 1985
C 1991
D 1980
Show answer
Answer: (C) 1991
Question 9
Inflation means a
A Rise in exports
B Fall in prices
C Rise in unemployment
D General rise in the price level
Show answer
Answer: (D) General rise in the price level
Question 10
The repo rate is the rate at which
A RBI borrows from the government
B Banks lend to customers
C Banks borrow from the public
D RBI lends to commercial banks
Show answer
Answer: (D) RBI lends to commercial banks
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Question 11
NITI Aayog replaced the
A Election Commission
B National Development Council
C Planning Commission
D Finance Commission
Show answer
Answer: (C) Planning Commission
Question 12
Fourteen major commercial banks were nationalised in
A 1980
B 1969
C 1991
D 1949
Show answer
Answer: (B) 1969
Question 13
The National Stock Exchange index is called
A SENSEX
B NIKKEI
C FTSE
D NIFTY 50
Show answer
Answer: (D) NIFTY 50
Question 14
The Union Budget is presented under which Article?
A Article 112
B Article 110
C Article 280
D Article 266
Show answer
Answer: (A) Article 112
Question 15
Who signs the one-rupee note in India?
A Finance Minister
B RBI Governor
C Finance Secretary
D President
Show answer
Answer: (C) Finance Secretary
Question 16
Microfinance mainly provides
A Large loans to industries
B Insurance to companies
C Small loans to low-income people
D Foreign exchange to exporters
Show answer
Answer: (C) Small loans to low-income people
Question 17
NITI Aayog replaced the
A Planning Commission
B Finance Commission
C National Development Council
D Election Commission
Show answer
Answer: (A) Planning Commission
These are RankerClub practice questions written in the RRB ALP pattern. They are not official SSC/IBPS/RRB papers.
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