Practice Economics Questions and Answers

• The funds raised by the Government within the country is known as 
• One of the features of a free market economy is 
• Which of the following is not an investment expenditure in goods and services?
• Which is the parameter for the economic development ?
• Fiscal policy in India is formulated by? 
•  In the new integrated food security scheme, Pradhan Mantri Garib _______Ann Yojana, what comes in the blank?
• Who is the author of the book ‘Revolutionaries’?
• When do we observe the National Youth Day every year?
• Which state/UT’s tableau won the best tableau award for Republic Day 2023?
• Who has been selected as the brand ambassador of NMDC recently?
• Which Indian batsman has recently announced his retirement from cricket?
• Who has been appointed as the new Vice Chief of the Indian Air Force?
• Insurance Mall portal has been launched by ______ for its customers to ensure an Easy-buy experience.
• NPS for traders provide a monthly minimum assured pension of what amount after attaining the age of 60 years?
• In which of the following countries, scientists have discovered the remains of ‘Wilson’s little Penguin’?
• Which of the following institutions have wrote the book ‘Healthy Recipes for Defence’?
• Which of the following was the first microfinance institution in India, established in 1974?
• Extension name of flash file is .
• In the fiscal year 2022-23, what was the Year-on-Year (YoY) growth rate of India's services sector?
• Which one of the following pairs is correctly matched?
• Which sector contributes the most to India's GDP?
• Which organization publishes the World Economic Outlook report.
• Which of the following is not a primary function of the Reserve Bank of India (RBI).
• Who is considered the father of modern economics.
• Which institution is known as the "lender of last resort".
• Which term describes a situation where inflation is high, economic growth rate slows, and unemployment remains steadily high.
• What is the definition of a supply chain in a business context?
• What economic system is characterized by a free-market economy?
• What function do commercial banks in India perform?
• Which of the following taxes was levied, collected and retained by the Central Government?
• The FAME India scheme is associated with which sector?
• Consider the following statements about Cess: I) Cess is not a permanent source of revenue for the government. II) Cess can be imposed on both indirect and...
• What is the main objective of the SHRESHTA Scheme?
• What is the duration associated with "Notice Money" in the financial markets?
•  In which Union Budget was the formation of MUDRA Bank announced?
• Balance of trade is the _______________.
• What type of investment are Treasury Bills (T-bills)?
• Which of the following defines 'seasonal unemployment'?
• What philosophical concept was introduced by Basavanna in the 12th century?
• What is the impact of an increase in the reverse repo rate?