[GKmojo] Important Questions sets

1. Which of the following is rated the poorest region of the World?

(A) The Middle East
(B) Asia
(C) Sub-Saharan Africa
(D) Latin America

Ans: (C)

2. Which of the following terms is not used in the world of economics/finance?

(A) Sinking Fund
(B) Third World
(C) Open Door Policy
(D) Devaluation

Ans : (B)

3. Out of the total population of the world about 80% of it lives in—
(A) Developed countries
(B) BRICS countries
(C) Latin America
(D) Developing countries

Ans : (D)

4. Vrishtha Pension Bima Yojana 2017 is a scheme launched for—

(A) People aged 60 and above
(B) People aged 50 and above
(C) People aged 40 and above
(D) People aged 65 and above

Ans : (A)

5. What is the full form of the abbreviation ASEAN?

(A) Association of South East Agro Nations
(B) Association of South East Asian Nations
(C) Alliance of South East Asian Nations
(D) Alliance of South East Asian Neighbours

Ans : (B)

6. Which of the following is not an objective of mission antyodhya?

(A) Social Mobilization
(B) Financial Inclusion
(C) Sustainable livelihoods promotion
(D) All above are the objectives

Ans: (D)

7. Many times we read about ‘PPP’ in economic literature. It is a concept

which—
(A) tells us that exchange rates between currencies are in equilibrium when their
purchasing power is the same in both the countries
(B) tells us that exchange rates between currencies are in equilibrium when their
purchasing power is different in both the countries
(C) PPP means t he current Exchange Rate of a currency against US $
(D) a measure of income inequality in developing countries

Ans : (A)

8. As we all know the Human Development Index (HDI) is an index of social

performance in a single composite index. It is an indication of—
(A) disparity reduction rate, human resource development rate and the
composite index.
(B) longevity, education and living standard
(C) the facilities for minimum schooling, adult literacy and educational
attainments
(D) GDP of a nation and the status of its Balance of Trade

Ans : (B)

9. NABARD (Amendment) bill 2017, the bill allows government to increase

capital of NABARD from Rs 5000 crores to…?
(A) Rs. 25000 crores
(B) Rs. 30000 crores
(C) Rs. 20000 crores
(D) Rs. 15000 crores

Ans: (B)

10. Which of the following is mandatory for working under MGNERGA?

(A) PAN Card
(B) Voter ID card
(C) Job Card
(D) Aadhar Card

Ans: (C)

11. Which among of the following is the main source of synthetic fuel?
(A) Plastic
(B) Biomass
(C) Coal
(D) Municipal Waste

Ans: (C)

12. Which of the following organizations/agencies controls the monetary policy

of our country?
(A) SEBI
(B) Planning Commission
(C) RBI
(D) Union Ministry of Finance

Ans : (C)

13. Amartya Sen emphasizes that having enough to eat depends on one very
crucial factor. Which of the following is that factor?
(A) Society’s system of entitlement
(B) Distribution of agricultural income
(C) Low poverty rates
(D) Structure of the family

Ans: (A)
14. The National Food for Work scheme is now submerged with which of the
following?
(A) Pradhan Mantri Gram Sadak Yojana
(B) Mahatma Gandhi National Rural Employment Guarantee Act.
(C) Bharat Nirman
(D) Indira Awas Yojana

Ans: (B)

15. Many a times we read about Fertility Rate in economic literature. What is
fertility Rate?
(A) The total number of children born in a country in a given year divided by
number of children died
(B) The number of children born to an average woman during her reproductive
years
(C) The number of births in a country divided by total population in a given
year
(D) The number of women in the age group of 15-45 years in a country divided
by total number of women died during child birth

Ans : (B)

16. How is dual economy distinguished from other economies?

It is a mixture of—
(A) industrial sector and manufacturing sector
(B) traditional agricultural sector and a modern industrial sector
(C) state ownership of the means of production in cooperation of foreign
organizations
(D) industrial sector and trading of goods obtained through imports

Ans : (B)

17. Watershed Development Schemes are a part of—

1. Development of Rural Economy.
2. Development of Skilled Workers.
3. Development of Irrigation facilities in India.
(A) Only 1
(B) Only 2
(C) Only 1 and 3
(D) Only 3

Ans: (C)

18. The Recent summit of which of the following organisations took place in
Italy?
(A) G-8
(B) G-20
(C) SAARC
(D) ASEAN

Ans: (A)

19. How much amount has been allocated for the National Livelihood Mission
in Union Budget 2018-19?
(a) Rs 11,300 crore
(b) Rs 5,750 crore
(c) Rs 3,000 crore
(d) Rs 10,000 crore

Ans: (b)
FM Arun Jaitley has announced increase in allocation for the National Rural
Livelihood Mission (NRLM) to Rs 5,750 crore in 2018-19 from Rs 4,500 crore.

20. Which of the following terms is not associated with the game of Football?
(A) Corner kick
(B) Wide out
(C) Line men
(D) Follow on

Ans: (D)

21. Name the scheme that government is proposing to launch for solid waste
management in the Union Budget 2018-19?
(a) GOBAR-NASH
(b) GOBAR-DHAN
(c) GOBAR-VINASH
(d) GOBAR-BOND
Ans: (b)
Over two crore toilets will be constructed across the country under the Swachh
Bharat Mission (SBM) in the next fiscal, with the government also proposing to
launch a new scheme called GOBAR-DHAN for solid waste management in the
Union Budget.

22. Which among the following day is observed to commemorate the signature
of the Montreal Protocol?
[A] International Wildlife Conservation Day
[B] International Ozone Day
[C] World Health Day
[D] International Day for Biological Diversity

Ans: (B)

23. To further Broadband access in villages, the Government has proposed to

set up ____________ wifi hotspots to provide net connectivity to five crore
rural citizens.
(a) five lakh
(b) two lakh
(c) four lakh
(d) six lakh

Ans: (a)
To further Broadband access in villages, the Government proposes to set up five
lakh wifi hotspots to provide net connectivity to five crore rural citizens. The
Finance Minister allocated Rs. 10000 crore in 2018-19 for creation and
augmentation of Telecom infrastructure.

24. Many a times we read in the newspapers that RBI takes certain steps to curb
the menace of Inflation. In this context, which among the following will not
help RBI in controlling the inflation in the country?
[A] An increase in the Bank Rate
[B] An increase in the Reserve Ratio Requirements
[C] A purchase of securities in the open market
[D] Increasing the Repo Rate

Ans: (C)
25. Narsimham Committee Report 1991 was related to which of the following?
[A] Agriculture Reforms
[B] Trade Reforms
[C] Tax Reforms
[D] Financial Sector reforms

Ans: (D)

26. What is Bilateral aid?

(A) It is technical aid given by I.M.F. to various countries
(B) It is given directly by one country to another
(C) It is aid with the condition that the repayment will be in inconvertible
currency
(D) It is a commercial loan made available by various institutions jointly

Ans : (B)

27. With which of the following Montreal protocol is related to:

[A] Protection of Whales
[B] Protection of Wild Life
[C] Protection of Ozone layer
[D] Nuclear weapons

Ans: (C)

28. Which of the following is the name of the organization created specifically
to develop small scale industrial sector in our country ?
(A) NABARD
(B) SEBI
(C) SIDBI
(D) AMFI

Ans: (C)

29. For which of the following PM10 and PM2.5 Samplers are used?
[A] Food adulteration
[B] Adulterated Petrol
[C] Environment Pollution
[D] Noise Pollution
Ans: (C)

30. Which of the following countries is not the part of SAARC Countries?
(A) India
(B) Bhutan
(C) Nepal
(D) Fiji

Ans: (D)

31. Which of the following organisation/agencies is specifically set up to boost

overall rural development in India.
(A) RBI
(B) SIDBI
(C) NABARD
(D) SEBI

Ans: (C)

32. Which Ministry inaugurated Onion Portal “NARI”?

(A) Ministry of law and justice
(B) Ministry of Home affairs
(C) Ministry of Minority affair
(D) Ministry of women and child development

Ans : (D)

33. Which country becomes the first country in the world to legalize equal pay
between men and women?
(A) Canada
(B) Iceland
(C) France
(D) Norway

Ans: (B)

34. According to Union Budget 2018-19, Three Public Sector Insurance

companies will be merged into a single insurance entity. Which of the following
are not them?
(a) Oriental India insurance Co. Ltd
(b) United India Assurance Co. Ltd
(c) National Insurance Co. Ltd
(d) General Insurance Corporation of India

Ans. (d)
Three Public Sector Insurance companies- National Insurance Co. Ltd., United
India Assurance Co. Ltd., and Oriental India insurance Co. Ltd., will be merged
into a single insurance entity.

35. The annual meeting of world economic forum 2018 was held in?
(A) Switzerland
(B) Germany
(C) China
(D) Iceland
(E) Punjab

Ans: (A)

36. Which of the following organisations maintains the Rural Infrastructure

Development Fund (RIDF)?
(A) RBI
(B) NABARD
(C) SIDBI
(D) LIC

Ans: (B)

37. Which of the following is/true about the Competition Commission of India
(CCI)?
1. CCI is a regulatory body having quasi-judicial structure.
2. It is established to replace old Monopolies and Restrictive Trade Practices
Act.
3. Its main objective is to create a healthy environment in corporate world.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
Ans: (D)

38. According to RBI, which one of the following is the biggest concern of the
country?
(A) Debt crisis in Europe
(B) Inflation
(C) GDP growth
(D) Fiscal deficit

Ans: (B)

39. The country’s largest lender, SBI has slashed charges for non-maintenance
of AMB in savings accounts by nearly 75 percent. AMB stands for-
(a) Average Management Balance
(b) Average Monthly Bill
(c) Average Monthly Basic
(d) Average Monthly Balance
(e) Annually Monthly Balance

Ans. (d)
The country’s largest lender, SBI has slashed charges for non-maintenance of
Average Monthly Balance (AMB) in savings accounts by nearly 75 percent.
The revised charges will be effective from April 01, 2018 and will benefit over
25 crore customers.

40. World environment day is celebrated on?

(A) 5th June
(B) 23rd May
(C) 10th April
(D) 5th July

Ans: (A)

41. Muhammad Yunus of Bangladesh who was awarded Nobel prize a few
years back is a famous—
(A) Author
(B) Economist
(C) Social worker
(D) Scientist

Ans : (B)

42. Who launched India’s 1 st agri commodity options in guar seeds in

NCDEX—
(A) Sushma Swaraj
(B) Urjit Patel
(C) PM Modi
(D) Arun Jaitley

Ans: (D)

43. What is the rank of India at the latest World economic forum’s Global
Manufacturing index?
(A) 24th
(B) 30th
(C) 60th
(D) 89th

Ans: (B)

44. The World Bank has projected India's GDP growth at __________ for 2018-
19 and accelerates further to _____________ in 2019-20.
(a) 7.5% and 7.7%
(b) 7.3% and 7.5%
(c) 7.7% and 7.9%
(d) 7.1% and 7.3%
(e) 7.2% and 7.4%

Ans.(b)
The World Bank has projected India's GDP growth at 7.3% for 2018-19 and
accelerates further to 7.5% in 2019-20. The World Bank's biannual publication,
India Development Update - India's Growth Story, expects the economy to
clock a growth rate of 6.7% in the current fiscal ending March 31.
45. Bharat net project is related to?
(A) Road constructions
(B) Broadband connections
(C) LPG Cylinders connection
(D) Food grains production

Ans: (B)

46. ‘Mid Day Meal Scheme’ is launched to provide cooked food to the—
(A) Children attending school
(B) Those who are getting National Old Age Pension
(C) Workers of National Rural Employment Act
(D) Resident doctors of Govt. Hospitals in rural areas

Ans : (A)

47. Which of the following is not a Cash Crop?

(A) Tobacco
(B) Cotton
(C) Coffee
(D) Bajra

Ans: (D)

48. Members of the Rajya Sabha are elected for a period of—
(A) 4 years
(B) 2 1/2 years
(C) 6 years
(D) 5 years

Ans: (C)

49. Where is the headquarter of UNESCO?

(A) London
(B) Paris
(C) Newyork
(D) Berlin
Ans: (B)

50. What is the contribution of Agricultural Sector in the total GDP of India?
(A) 12%
(B) 17%
(C) 27%
(D) 30%

Ans: (B)

All the best by GKmojo