Free Practice Questions for Economics in General-studies

Practice questions here, for every subject and every exam. Unlimited questions for unlimited attempts, given with answers and explanations.


Question 1:

When the government resorts to borrowing only to clear the backlog if interest payments, it is referred to as ________.

Question 2:

As per the Economic Survey 2020-21, net FPI (Foreign Portfolio Investment) recorded an all-time monthly high of US$9.8 billion in

Question 3:

Which bank is referred to as 'The lender of last resort'?

Question 4:

The number of deaths during the first 28 completed days of life per 1000 live births in a given year or period is defined as

Question 5:

As per Economic Survey 2020-2021, during the first half of the financial year 2020-21, the services sector contracted by almost __________

Question 6:

Which of the following may be called a fiscal deficit?

Question 7:

GDP deflator is also called ______.

Question 8:

According to the Output Method, GDP is calculated as:

Question 9:

With which bank have Dena Bank and Vijaya Bank been merged?

Question 10:

For Rabi marketing season 2021-22, the Cabinet Committee on Economic Affairs (CCEA) announced highest increase in Minimum Support Price (MSP) for ______.

Question 11:

Launched in 1951, India's first five-year plan was based on which of the following economic models to focus on agriculture and irrigation to boost farm output?

Question 12:

SHG promotes thrift in small proportion by a minimum contribution from each member of the group. What does ' $\mathrm{H}$ ' stand for in SHG?

Question 13:

What is the objective of the 'Doughnut Model' of development?

Question 14:

'An Enquiry into the Nature and Cause of the Wealth of Nations' is an influential work by economist __________.

Question 15:

_______ is a land which is left fallow (Uncultivated ) for more than five years and can be bought under cultivation after improving it through reclamation practices.

Question 16:

Which among the following organisations releases the Index of Economic Freedom?

Question 17:

Viticulture refers to the:

Question 18:

The Tata Iron and Steel Company (TISCO) is located at which of the following places?

Question 19:

The phrase 'Gross National Happiness' was first coined in:

Question 20:

The steel plant at Bokaro was set up in collaboration with______.