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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

  1. A1980
  2. B1949
  3. C1991
  4. D1969
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Answer: (D) 1969
Question 2

The Bombay Stock Exchange index is called

  1. ANASDAQ
  2. BSENSEX
  3. CNIFTY
  4. DDOW
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Answer: (B) SENSEX
Question 3

GST in India was implemented from

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

SEBI regulates the

  1. ABanking sector
  2. BTelecom sector
  3. CSecurities (stock) market
  4. DInsurance sector
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Answer: (C) Securities (stock) market
Question 5

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

  1. ASEBI
  2. BRBI
  3. CNational Statistics Office
  4. DNITI Aayog
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Answer: (C) National Statistics Office
Question 6

Which tax is a direct tax?

  1. AExcise duty
  2. BIncome tax
  3. CCustoms duty
  4. DGST
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Answer: (B) Income tax
Question 7

The headquarters of the Reserve Bank of India is in

  1. AChennai
  2. BMumbai
  3. CKolkata
  4. DNew Delhi
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Answer: (B) Mumbai
Question 8

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

  1. A2000
  2. B1985
  3. C1991
  4. D1980
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Answer: (C) 1991
Question 9

Inflation means a

  1. ARise in exports
  2. BFall in prices
  3. CRise in unemployment
  4. DGeneral rise in the price level
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Answer: (D) General rise in the price level
Question 10

The repo rate is the rate at which

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

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Question 11

NITI Aayog replaced the

  1. AElection Commission
  2. BNational Development Council
  3. CPlanning Commission
  4. DFinance Commission
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Answer: (C) Planning Commission
Question 12

Fourteen major commercial banks were nationalised in

  1. A1980
  2. B1969
  3. C1991
  4. D1949
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Answer: (B) 1969
Question 13

The National Stock Exchange index is called

  1. ASENSEX
  2. BNIKKEI
  3. CFTSE
  4. DNIFTY 50
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Answer: (D) NIFTY 50
Question 14

The Union Budget is presented under which Article?

  1. AArticle 112
  2. BArticle 110
  3. CArticle 280
  4. DArticle 266
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Answer: (A) Article 112
Question 15

Who signs the one-rupee note in India?

  1. AFinance Minister
  2. BRBI Governor
  3. CFinance Secretary
  4. DPresident
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Answer: (C) Finance Secretary
Question 16

Microfinance mainly provides

  1. ALarge loans to industries
  2. BInsurance to companies
  3. CSmall loans to low-income people
  4. DForeign exchange to exporters
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Answer: (C) Small loans to low-income people
Question 17

NITI Aayog replaced the

  1. APlanning Commission
  2. BFinance Commission
  3. CNational Development Council
  4. DElection Commission
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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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