Set-1 Indian Economics (English) Railway NTPC and Railway Group D 2019 Previous Year Questions | Take it Easy

Dear Aspirants,
We are providing the most important Indian History Previous year Questions for RRB NTPC 2019, RRB Group D 2019,SSC 2019 and all other competitive exams. These questions have very high chances to be asked in RRB NTPC 2019, RRB Group D 2019.
Set-1 Indian Economics Previous Year Questions

1. An economic system combining private and state enterprise is called as _____
1. Market economy
2. Centrally planned economy
3. Private economy
4. Mixed economy
Ans:4
2.What was the main motive of Third Five Year Plan in India?
1. Rural development
2. Agriculture
3. Financial inclusion
4. Economic reform
Ans:2
3.When there is only one buyer and one seller of product, it is called _____ situation.
1. Public monopoly
2. Bilateral monopoly
3. Franchised monopoly
4. Monopsony
Ans:2
4.Which among the following is not an account under Balance of Payment (BOP)?
1. Current Account
2. Capital Account
3. Official Reserves Account
4. Financial accout
Ans:3
5.Who gave the ‘General Equilibrium Theory’?
1. J. M. Keynes
2. Leon Walras
3. David Ricardo
4. Adam Smith
Ans:2
6.What is the accepted average Calorie requirement for rural area in India?
1. 2100
2. 2200
3. 2300
4. 2400
Ans:4
7.At which rate, Reserve Bank of India borrows money from commercial banks?
1. Bank Rate
2. Repo Rate
3. Reverse Repo Rate
4. Statutory Liquidity Rate
Ans:3
8.Movement along the supply curve is known as ______ .
1. Contraction of supply
2. Expansion of supply
3. Increase in supply
4. Expansion and contraction of supply
Ans:4
9.Lowering of value of currency relative to a foreign reference currency is called _________.
1. Devaluation
2. Revaluation
3. Down valuation
4. Negative valuation
Ans:1
10.If demand curve for camping tents is D = 100000 – 17P and supply curve is S = 50000 + 8P, find the equilibrium Price?
1. Rs. 1000
2. Rs. 2000
3. Rs. 4000
4. Rs. 500
Ans:2
11.Fiscal policy in India is formulated by –
1. Reserve Bank of India
2. Planning Commission
3. Finance Ministry
4. SEBI
Ans:3
12.What is MUDRA?
1. Development and Refinance Agency
2. Scheme for Agricultural Insurance
3. New Planet Discovered
4. Development and Regulatory Authority for Urban Township
Ans:1
13.Lorenz curve shows
1. Inflation
2. Unemployment
3. Income distribution
4. Poverty
Ans:3
14.Who takes the decision regarding the savings and loan activities in a Self Help Group (SHG)?
1. Private Bank
2. Reserve Bank of India
3. Members of Group
4. Non Government Organizations
Ans:3
15.”World Economic Outlook” report is published by which of the following ?
1. IMF
2. World Bank
3. RBI
4. UNCTAD
Ans:1
16.The rate of tax increase as the amount of the tax base increases is called?
1. Proportional tax
2. Progressive tax
3. Regressive tax
4. Degressive tax
Ans:2
17.HDI is an aggregate measure of progress in which of the three dimensions?
1. Health, Education, Income
2. Food Security, Employment, Income
3. Agriculture, Industry, Services
4. Height, Weight, Colour
Ans:1
18.The operational period of 12th Five Year Plan is –
1. 2007-12
2. 2012-17
3. 2015-20
4. 2005-10
Ans:2
19.In which of the following States India’s first Green Rail Corridor was launched in –
1. Karnataka
2. Maharashtra
3. Himachal Pradesh
4. Tamil Nadu
Ans:4
20.Which place is said to be the Manchester of South India?
1. Coimbatore
2. Salem
3. Thanjavur
4. Madurai
Ans:1

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