Here in this post Economics general knowledge Questions and there respective answers are given for you while doing preparations for examinations.
Question (1) If interest payment is deducted from the fiscal deficit then what would left?
Answer:- Primary deficit.
Question (2) Who is the father of Economics?
Answer:- Adam Smith.
Question (3) What is the target of fiscal deficit in the year 2016-17?
Question (4) Which Five Year Plan is based on Mahalanobis Model?
Answer:- Second Five Year Plan.
Question (5) Who is the father of Indian Planning?
Answer:- M. Visvesvaraya.
Question (6) Who is called the father of Operation Flood in India?
Answer:- Verghese Kurien.
Question (7) Who is the first Deputy Chairman of Planning Commission?
Answer:- Gulsarilal Nanda.
Question (8) Which Five Year Plan is based on Harrod – Domer Model?
Answer:- First Five Year Plan.
Question (9) The biggest contributor of foreign exchange reserve of India?
Answer:- Foreign currency assets.
Question (10) Who is the Father of Indian Budget?
Question (11) Which currency is included in the basket of International Monetry Fund (IMF) recently?
Question (12) Who created Population theory?
Answer:- Thomas Robert Malthus.
Question (13) The factor that least influences exchange rate fluctuations?
Answer:- Investors Sentiments.
Question (14) The terms ‘bull’ and ‘bear’ are used in?
Answer:- Stock Exchange.
Question (15) The part of a company’s earnings or profits which are paid out to shareholders is known as?
Question (16) A type of fraud wherein criminals use an innocent person’s details to open or use an account to carry out financial transactions is known as?
Answer:- Identity Theft.
Question (17) Money supply is governed by the?
Answer:- Reserve Bank of India.
Question (18) The market for government securities is also referred to as?
Answer:- Secondary market.
Question (19) An Equity Share is also commonly referred to as?
Answer:- Ordinary Share.
Question (20) NABARD is responsible for regulating and supervising the functions of?
Answer:- Co-operative Banks and Regional Rural Banks.
Question (21) The abbreviation EMI in banking sector stands for?
Answer:- Equated Monthly Instalment.
Question (22) Who is the Present Vice Chairman of Planning Commission?
Answer:- Montek Singh Ahluwalia.
Question (23) Who has the authority to mint the coins in India?
Answer:- Ministry of finance.
Question (24) Second Five year plan give priority to development of _ sector?
Question (25) Revealed Preference Theory was propounded by?
Answer:- P.A. Samuelson.
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