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 41:
How many languages are there on the language panel of Indian currency notes?
Correct Answer: 3
According to the Reserve Bank of India, there are 15 languages on the panel of currency notes of Indian currency, which appears on the reverse of the note. The panel of 15 languages includes Kashmiri, Kannada, Konkani, Malayalam, Marathi, Nepali, Odia, Punjabi, Sanskrit, Tamil, Telugu, Urdu, Assamese, Bengali and Gujarati. Apart from these languages, Hindi and English languages are also written on the front side. In the Indian currency system, the 'one rupee note' and 'all coins' are signed by the Finance Secretary of the Government of India, all other notes are signed by the Governor of the Reserve Bank of India. |
SSC MTS 08/08/2019 (Morning)
Important facts
- The Reserve Bank of India was established on 1 April 1935 under the Reserve Bank of India Act 1934. It currently functions as the Central Bank of India.
- The picture of 'Rani ki Vav' is printed on the note of 100 rupees of Indian currency and the picture of 'Stupa of Sanchi' is printed on the note of 200 rupees.
- The Indian Rupee 500 note has a picture of the 'Red Fort' in Delhi and the Rs 20 note has a picture of the 'Ellora Caves' in Aurangabad, Maharashtra.
- The picture of 'Mangalyaan' is printed on the Indian currency note of 2000 rupees and the color of this note is 'magenta'.
- The picture of 'Ratha of Hampi' on the note of 50 rupees and 'Sun Temple of Konark' is printed on the note of 10 rupees of Indian currency.
Question 42:
PRASAD Scheme has been launched under which Ministry?
Correct Answer: 2
The 'PRASAD' scheme was launched by the Ministry of Tourism in the year 2014-15 with the objective of overall development of pilgrimage sites. For better implementation of PRASAD (Pilgrimage Rejuvenation and Spiritual Heritage Promotion Campaign), 100% funds are provided by the Central Government to the State Governments. Public-Private Partnership (PPP) and Corporate Social Responsibility (CSR) are also included for better implementation and sustainability of this project. |
SSC MTS 07/08/2019 (Evening)
Important facts
- The Ministry of External Affairs of India deals with India's relations with foreign countries and represents India in the United Nations. Currently India's External Affairs Minister S. Jaishankar (since May 2019). S. Jaishankar has previously been the Foreign Secretary of India.
- Major schemes of the Ministry of Housing and Urban Affairs Pradhan Mantri Awas Yojana (PMAY), Smart Cities Mission, Swachh Bharat Mission, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Heritage City Development and Expansion Scheme (HRIDAY) and Deendayal Antyodaya Yojana – National Urban Livelihood Mission (DAY-NULM) etc.
- The Ministry of Culture works to preserve and protect the country's cultural heritage and promote art and culture. At present, the Culture Minister of India is Prahlad Singh Patel.
Question 43:
Which of the following quality marks are NOT correctly matched ?
Correct Answer: 4
The ISI (Indian Standards Institute) mark is a standard for industrial products in India, certifying that the product conforms to the Bureau of Indian Standards (BIS). It was established in 1955 AD. Some products require the ISI mark to be sold in India, such as electric motors, portland cement, automotive tyres, etc. The Indian Standards Institute (ISI) was established in 1947 AD for the harmonious development of Indian Standardization. |
SSC MTS 07/08/2019 (Evening)
Important facts
- Agmark is a standard mark applied on agricultural and food products in India, which ensures that the products conform to the standards set by the Directorate of Marketing and Inspection, Government of India for use. The Central Agmark Laboratory is located at Nagpur, Maharashtra.
- Hallmark is an official mark certifying jewelry, which certifies the quality of jewelry. Hallmark is issued by the Bureau of Indian Standards (BIS).
- FPO is mandatory on all processed fruit products sold in India, which ensures that the product is produced in a hygienic and food-safe environment.
Question 44:
_______, the code-breaker during World War II has been chosen by the Bank of England to feature on Britain's new £50 note.
Correct Answer: 4
Alan Turing was a British computer scientist who invented the basic concepts of theoretical computer science (the Turing machine). Alan Turing is considered the father of theoretical computer science and artificial intelligence. Alan Turing is also considered the 'father of the modern computer' because his 'Turing Machine' became the basis of the modern computer. Be aware that Charles Babbage is considered to be the 'Father of Computer'. Alan Turing became one of the most influential 'code breakers' during World War II (1939–1945 AD), due to which the Bank of England has chosen the new face of its £50 note. |
SSC MTS 07/08/2019 (Evening)
Important facts
- Turing played a key role in breaking the intercepted coded messages that enabled the Allies to defeat the Nazis in several key engagements, including the Battle of the Atlantic, and thereby help win the war.
- Michael Faraday was a British scientist, who propounded major principles like law of electrolysis, law of electromagnetic induction.
- Sir Christopher Wren, one of the most famous British architects, was commissioned to rebuild 52 of London's churches in 1666. His masterpiece is St Paul's Cathedral on Ludgate Hill, which was completed in 1710.
Question 45:
Which of the following departments publishes the Index of Industrial Production(IIP) ?
Correct Answer: 1
The publication of Index of Industrial Production (IIP) is compiled and published every month by the National Statistical Office (NSO), a department under the Ministry of Statistics and Program Implementation. The change in the quantity of production of industrial products in a given period is measured by the index of industrial production. At present, the base year 2011-12 is used for this. The Index of Industrial Production is released on a monthly basis since 1950 AD. |
SSC MTS 07/08/2019 (Afternoon)
Important facts
- The Central Statistics Office (CSO) was established on 2 May 1951 and its headquarter is located in New Delhi. The CSO has been responsible for the publication of the Index of Industrial Production (IIP) since its inception in 1951.
- The National Sample Survey Organization (NSSO) was formed in 1950. It is the largest organization conducting socio-economic survey or sampling in India.
- On 23 May 2019, the National Statistical Office (NSO) was formed by approving the merger of CSO and NSSO.
- The Department of Industrial Policy and Promotion is a department under the Ministry of Commerce and Industry, Government of India, which was formed in 1995 AD. Presently its name has been changed to 'Department for Promotion of Industry and Internal Trade-DPIIT'.
Question 46:
Where is the headquarters of Allahabad Bank situated?
Correct Answer: 4
Allahabad Bank was established in 1865 AD at Allahabad, with its headquarters at Calcutta. Allahabad Bank was the oldest joint stock bank in India. It celebrated its 150th anniversary on 24 April 2014. The tagline of Allahabad Bank was 'A Tradition of Trust'. On 1 April 2020, it was merged with Indian Bank, which is headquartered in Chennai. Indian Bank was established in August 1907 AD in Chennai, whose present Managing Director is Shanti Lal Jain. |
SSC MTS 07/08/2019 (Morning)
Important facts
- The headquarters of the Reserve Bank of India is located in Mumbai, Maharashtra, which was established on 1 April 1935 under the Reserve Bank of India Act 1934. It currently functions as the Central Bank of India.
- Bank of India is a major commercial bank of India, which was established in September 1906 AD in Mumbai and its headquarter is also located in Mumbai.
Punjab National Bank (PNB) was established in 1894 AD in Lahore, Pakistan, currently headquartered in New Delhi. PNB The tagline of 'The Name You Can Bank Upon' is. On 1 April 2020, 'The Oriental Bank of Commerce' and 'United Bank of India' have been merged with Punjab National Bank.
State Bank of India is headquartered in Mumbai, Maharashtra. It is the largest and oldest bank in India, whose tagline is 'Only banking and nothing else'.
Question 47:
Which of the following motif is present on 2000 Rupee Note of Indian currency ?
Correct Answer: 1
The picture of 'Mangalyaan' is printed on the reverse side of the Indian currency note of 2000 rupees and the color of this note is 'magenta'. After the demonetization of November 8, 2016, printing of Rs 2000 notes started in India. Its size is 66 mm × 166 mm. In India, it was demonetized twice before in 1946 and 1978. The Prime Minister of India was Morarji Desai (4th Prime Minister) at the time of demonetization of 1978 when 1000 and 5000 notes were discontinued. |
SSC MTS 07/08/2019 (Morning)
Important facts
- The picture of 'Rani ki Vav' is inscribed on the note of 100 rupees of Indian currency. 'Rani ki Vav' is a stepwell (Vav) located in the Patan district of Gujarat, which was declared a UNESCO 'World Heritage Site' in 2014.
- The picture of 'Ratha of Hampi' on the note of 50 rupees and 'Sun Temple of Konark' is printed on the note of 10 rupees of Indian currency.
- The Indian Rupee 500 note has a picture of the 'Red Fort' in Delhi and the Rs 20 note has a picture of the 'Ellora Caves' in Aurangabad, Maharashtra.
- The picture of 'Sanchi's Stupa' is printed on the note of 200 rupees of Indian currency. 200 rupee note in Indian currency was introduced only after the demonetization of 2016.
Question 48:
'Rani ki vav' motif is present on which of the following currency notes?
Correct Answer: 4
The picture of 'Rani ki Vav' is inscribed on the note of 100 rupees of Indian currency. 'Rani ki Vav' is a stepwell (Vav) located in the Patan district of Gujarat, which was declared a UNESCO 'World Heritage Site' in 2014. UNESCO has given it the noun of 'queen of stepwells'. Rani ki Vav was built during the Solanki Empire in the 11th century. The Reserve Bank of India was established on 1 April 1935 under the Reserve Bank of India Act 1934. It currently functions as the Central Bank of India. |
SSC MTS 06/08/2019 (Evening)
Important facts
- The picture of 'Mangalyaan' is printed on the Indian currency note of 2000 rupees and the color of this note is 'magenta'. After the demonetization of November 8, 2016, the printing of Rs 2000 notes started in India.
- The picture of 'Sanchi's Stupa' is printed on the note of 200 rupees of Indian currency. 200 rupee note in Indian currency was introduced only after the demonetization of 2016.
- The picture of 'Ratha of Hampi' is printed on the note of 50 rupees and 'Sun Temple of Konark' is printed on the note of 10 rupees of Indian currency.
- The Indian Rupee 500 note has a picture of the 'Red Fort' in Delhi and the Rs 20 note has a picture of the 'Ellora Caves' in Aurangabad, Maharashtra.
Question 49:
Which organization publishes 'World Development Report'?
Correct Answer: 4
Every year the World Development Report is issued by the 'World Bank', in which the World Bank conducts an analytical study of the global state of development. The World Bank was established in 1944, with its headquarters in Washington DC. is located in The main objective of the World Bank is to provide financial assistance to the member nations in the works of reconstruction and development. The World Bank Group is a group of five international organizations (International Bank for Reconstruction and Development, International Finance Corporation, Multilateral Investment Guarantee Agency, International Center for Settlement of Investment Disputes, and International Development Association) that provide finance and financial advice to member countries. gives. |
SSC MTS 06/08/2019 (Afternoon)
Important facts
- The Human Development Index (HDI) is released every year by the United Nations Development Program (UNDP). India's rank in HDI report 2022 is 132nd.
- The World Economic Forum was held in January 1971 AD. Its headquarter is located in Cologny, Switzerland. The 'Global Competitiveness Index' is released every year by the World Economic Forum.
- The International Monetary Fund (IMF) is an international financial institution headquartered in Washington, D.C. is located in Every year 'Global Competitive Index' report is released by this.
- The International Monetary Fund (IMF) was established on 27 December 1945 under the Bretton Woods Conference of the United Nations in July 1944.
Question 50:
What is the tagline of UCO Bank ?
Correct Answer: 3
UCO Bank was founded in January 1943 by Ghanshyam Das Birla. Its headquarter is located in Kolkata. UCO Bank's tagline is 'Honors Your Trust (Honors Your Trust)'. Its full name is 'United Commercial Bank'. It is a public sector bank. The current Managing Director and Chief Executive Officer of this bank is Soma Shankar Prasad, who assumed this position on 1 January 2022. |
SSC MTS 05/08/2019 (Evening)
Important facts
- Where Everyone Is Committed is the tagline of the Oriental Bank of Commerce, which was established in 1943 in Lahore. The headquarter of this bank is located in Gurugram, Haryana.
- Good people with the bank is the tagline of the Union Bank of India. The headquarter of Union Bank of India is located in Mumbai, Maharashtra. It was established on 11 November 1921 in Mumbai itself. Its headquarters in Mumbai was inaugurated by Mahatma Gandhi in 1921.
- Faithful and Friendly is the tagline of Syndicate Bank. Syndicate Bank was founded in 1925 by Upendra Ananth Pai, TMA Pai and Vaman Srinivasa Kudva in Udupi, Karnataka. It was nationalized in 1969 AD. Presently its CEO is Mrityunjay Mohapatra.
Question 51:
Where is the headquarters of Bank of Baroda located?
Correct Answer: 3
Bank of Baroda was established in 1908 AD in Vadodara, which is also headquartered in Vadodara, Gujarat. Due to the 71 percent share of this bank being held by the Government of India, it is a public sector bank. The tagline of the Bank of Baroda is 'India's International Bank'. It is the third largest public sector bank in India after 'State Bank of India' and 'Punjab National Bank'. The present Managing Director and Chief CEO of its bank is Sanjeev Chadha. |
SSC MTS 05/08/2019 (Evening)
Important facts
- The headquarters of UCO Bank and United Commercial Bank are located in Kolkata.
- Allahabad Bank was established in 1865 AD, whose headquarters was in Calcutta. On 1 April 2020, it was merged with Indian Bank, which is headquartered in Chennai.
- Bank of India is a major commercial bank of India, which was established in September 1906 AD in Mumbai and its headquarter is also located in Mumbai.
- Bank of Maharashtra was established in 1935 AD, whose headquarter is located in Pune, Maharashtra. It is a public sector bank.
Question 52:
The name of UTI Bank was changed to_______ in 2007.
Correct Answer: 4
UTI (Unit Trust of India) Bank, which was then the third largest private sector lender, was renamed as 'Axis Bank' on 30 July 2007. Axis Bank is currently the third largest private bank in India, whose tagline is 'Badhti Ka Naam Zindagi'. Axis Bank is an Indian private bank headquartered in Mumbai, Maharashtra. It was established in December 1993 in Hyderabad as UTI Bank. |
SSC MTS 02/08/2019 (Morning)
Important facts
- HDFC Bank, established in August 1994 in Mumbai, is India's largest private sector bank by assets.
- IDBI (Industrial Development Bank of India) bank was established in July 1964 AD, which is headquartered in Mumbai, Maharashtra.
- Centurion Bank was established in 1994 AD in Panaji, with its headquarters in Mumbai. In May 2008, this bank was merged with HDFC Bank.
- Indian Bank was established in August 1907 AD, whose headquarters is located in Chennai.
Question 53:
'Badhti ka naam zindagi' is the tagline of which of the following banks ?
Correct Answer: 2
Axis Bank is currently the third largest private bank in India, whose tagline is 'Badhti Ka Naam Zindagi'. Axis Bank is an Indian private bank headquartered in Mumbai, Maharashtra. It was established in December 1993 in Hyderabad as UTI Bank. In July 2007, UTI Bank was renamed as 'Axis Bank'. In August 2018, Axis Bank became the first bank in the country to scan iris for Aadhaar-based transactions, scanning the iris for authentication through its micro ATM tablet. |
SSC CHSL 10/07/2019 (Afternoon)
Important facts
- Indian Bank was established in August 1907 AD, whose headquarters is located in Chennai.
- Allahabad Bank was established in 1865 AD, whose headquarters was Calcutta. It was merged with Indian Bank on 1 April 2020.
- Syndicate Bank was founded in 1925 by Upendra Ananth Pai, TMA Pai and Vaman Srinivasa Kudva in Udupi, Karnataka. It was nationalized in 1969 AD. Presently its CEO is Mrityunjay Mohapatra.
- Corporation Bank was established in March 1906 in Udupi, Karnataka, with its headquarters located in Mangalore.
Question 54:
_______Bank has become the first bank in the country to introduce Iris Scan Authentication feature for Aadhaar-based transactions through its micro ATM tablets.
Correct Answer: 1
In August 2018, Axis Bank became the first bank in the country to scan iris for Aadhaar-based transactions, scanning the iris for authentication through its micro ATM tablet. It is a contactless technology. Axis Bank is an Indian private bank headquartered in Mumbai, Maharashtra. It was established in December 1993 in Hyderabad as UTI Bank. In July 2007, UTI Bank was renamed as 'Axis Bank'. |
SSC CHSL 10/07/2019 (Morning)
Important facts
- Axis Bank is currently the third largest private bank in India, whose tagline is 'Badhti Ka Naam Zindagi'.
- Indian Bank was established in August 1907 AD, whose headquarters is located in Chennai.
- Canara Bank was established in Mangalore, Karnataka in July 1906 by Ammembal Subba Rao Pai. It is a major commercial bank in India, which is also the third largest nationalized bank.
- Yes Bank is an Indian private-sector bank, founded in 2004 by Rana Kapoor and Ashok Kapoor. Its headquarter is in Mumbai, India. RBI took control of this bank in March 2020 to save it from closure due to excessive debt.
- Bandhan Bank was established in 2015 by Bandhan Financial Services, which is headquartered in Kolkata.
Question 55:
Who among the following is co-founder of e-commerce store Flipkart ?
Correct Answer: 3
Flipkart is an e-commerce company based in Bangalore, India, founded in 2007 by Sachin Bansal and Binny Bansal. Initially, only online books were sold by the company. Both Sachin Bansal and Binny Bansal had also worked in 'Amazon Company' for some time after graduating from IIT Delhi. In May 2018, the US-based world's largest e-commerce company 'Walmart' acquired Flipkart with 77 percent stake. |
SSC MTS 07/08/2019 (Afternoon)
Important facts
- Piyush Bansal is a well-known Indian entrepreneur who founded Lenskart, an online eyewear company, in 2010 in New Delhi, India.
- Rohit Bansal is the founder of Snapdeal, along with Kunal Behl founded Snapdeal, an e-commerce company, in February 2010 in New Delhi, India.
- Vishal Sikka is the former CEO of India's second-largest IT company Infosys, which he joined in June 2014 but resigned in June 2017 due to a dispute with Infosys founder NR Narayana Murthy.
Question 56:
A company that has been founded after 2003 and that has a current valuation of more than 1 billion USD is referred to as in the industry by which term?
Correct Answer: 1
A startup company that is established after 2003 and has a current valuation of more than US$ 1 billion is defined as a unicorn company. In terms of the total number of unicorns, India is at number three after China and America. Presently there are 108 unicorn companies operating in India. Neobanking fintech startup has become India's 100th startup and Physicswala has become 101st unicorn startup. |
SSC CHSL 05/07/2019 (Morning)
Important facts
- Bluemoon Startup Company is a non-governmental company, which was established on 30 September 1985 in Kolkata.
- Stratosphere Startup Company is a non-governmental company established in 2012 in Hyderabad, Telangana.
- Fifth Gear Startup Company, a US-based non-governmental e-commerce company, was founded in 1983.
- The term unicorn was first used by venture capitalist Aileen Lee, founder of Cowboy Ventures, in 2013, when she referred to 39 startup companies with a valuation of more than $1 billion as 'unicorn startups'.
Question 57:
Which of the following banks was founded by Muttaiya Chidambaram Chettiar in Chennai in 1937 ?
Correct Answer: 2
Muttiah Chidambaram Chettiar was an Indian industrialist, by whom 'Indian Overseas Bank' was established in Chennai on 10 February 1937. It is a public sector bank headquartered in Chennai, Tamil Nadu. Its tagline is 'Good People to Grow With'. The main objective of this bank was to focus on improving the industrial sector of the country. The current CEO of Indian Overseas Bank is Karnam Sekar, who will be replaced by Ajay Kumar Srivastava from January 1, 2023. |
SSC CHSL 03/07/2019 (Morning)
Important facts
- Canara Bank was established in Mangalore, Karnataka in July 1906 by Ammembal Subba Rao Pai. It is a major commercial bank in India, which is also the third largest nationalized bank.
- Syndicate Bank was founded in Udupi, Karnataka in 1925 by Upendra Ananth Pai, TMA Pai and Vaman Srinivasa Kudva. It was nationalized in 1969 AD. Presently its CEO is Mrityunjay Mohapatra.
- Dhanalakshmi Bank was established in 1927 AD by a group of entrepreneurs in Thrissur, Kerala. It is a private-sector bank. Presently its Managing Director is T. Latha.
Question 58:
In which year was the State Financial Corporation Act passed ? The Act provides for the establishment of state financial corporations.
Correct Answer: 3
The State Financial Corporations Act 1951 was passed by the Indian Parliament on 28 September 1951 and empowered the states to constitute financial corporations for their respective territories. According to the arrangements given for the constitution of the commission in Article 243 (I) and Article 243 (Y) of the Constitution of India, the State Finance Commission is constituted by the Governor of the concerned state for every 5 years. The main function of the State Finance Commission is to review the financial condition of Panchayats and Municipalities. |
SSC CHSL 03/07/2019 (Morning)
Important facts
- The State Finance Commission is a constitutional body, as it has been constituted under the 73rd Constitutional Amendment 1992.
- Grants to the State Finance Commission are received according to the recommendations of the Finance Commission constituted by the Central Government.
- The Finance Commission of the Central Government is constituted by the President every 5 years under Article 280, which suggests the division of the finances of the Center and the States.
- The 15th Finance Commission was constituted by the President in November 2017 under the chairmanship of NK Singh, which will determine the revenue relations between the Center and the States between 2021 and 2026.
Question 59:
Which of the following cities houses the headquarters of the Union Bank of India?
Correct Answer: 1
The headquarter of Union Bank of India is located in Mumbai, Maharashtra. It was established on 11 November 1921 in Mumbai itself. Its headquarters in Mumbai was inaugurated by Mahatma Gandhi in 1921. In 2019, this bank celebrated its 100th foundation day. Its current Managing Director is A. Manimekhalai, who will assume office in June 2022. The tagline of this bank is 'Good People to Bank with'. |
SSC-CHSL 02 /07/ 2019 (Afternoon)
Important facts
- Recently, Andhra Bank and Corporation Bank merged with Union Bank of India on 1 April 2020.
- It is a major public sector bank of the country, in which the Government of India holds 83.50 percent stake.
- Allahabad Bank was established in 1865 AD, its headquarters was Calcutta. On 1 April 2020, it was merged with Indian Bank, which is headquartered in Chennai.
- The headquarters of UCO Bank and United Commercial Bank are also located in Kolkata.
- The headquarters of the Small Industries Development Bank of India (SIDBI) is located in Lucknow, Uttar Pradesh.
Question 60:
NABARD' was established in
Correct Answer: 1
National Bank for Agriculture and Rural Development is an apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. It is under the jurisdiction of Ministry of Finance, Government of India.
It was established on 12 July 1982 by an Act of the Parliament.
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