Thursday, August 29, 2019

INDIAN ECONOMIC GK QUESTIONS FOR COMPETITIVE EXAM

1. Who is the current CEO of the NITI Aayog?

(a) Rajeev Kumar

(b) Arvind Subramanyam

(c) Amitabh Kant

(d) Narendra Modi

Answer:Amitabh Kant

2.Interim budget is also known as....

(a) Mini budget

(b) Vote on Account

(c) Both a and b

(d) None of these

Answer:Both a and b

3.Which of the following statement is correct about the NITI Aayog?

(a) NITI Aayog was Formed 25 January 2016

(b) NITI Aayog comes under the Ministry of Commerce and Industry

(c) The full form of NITI Aayog is National institute for Transforming India

(d) The NITI Aayog is a policy think tank of the Government of India

Answer:The NITI Aayog is a policy think tank of the Government of India

4.Which article of the Constitution envisages Budget?

(a) Article 280

(b) Article 110

(c) Article 360

(d) Article 112

Answer: Article 112

5.When was NITI Aayog established?

(a) 1 January 2015

(b) 25 January 2016

(c) 14 May 2014

(d) 1 July 2015

Answer:1 January 2015

6.In budget 2019-20, the government set the target to distribute....... LPG connections under the Ujjawala Yojna.

(a) 6 cr

(b) 10 cr

(c) 5 cr

(d) 8 cr

Answer:8 cr

7.What is the target (in terms of GDP) of Fiscal Deficit for FY 2019-20?

(a) 3.1%

(b) 3.5%

(c) 3.4%

(d) 4.4%

Answer:3.4%

8.Who of the following is the part of Governing Council of NITI Aayog?

(a) All Chief Ministers of the states

(b) Chief Ministers of Delhi and Puducherry

(c) Lieutenant Governor of Andaman & Nicobar Island

(d) All of the above

Answer:All of the above

9.What is the biggest item of government expenditure in budget 2019-20?

(a) Loan repayment

(b) Defense expenditure

(c) Expenditure on Central Plans

(d) Share of the states in taxes and fees

Answer:Share of the states in taxes and fees

10.Which of the following is not the function of the NITI Aayog?

(a) To evolve a shared vision of national development priorities sectors and strategies

(b) To foster cooperative federalism

(c) To give final approval to the Five Year Plans of India

(d) To create a knowledge, innovation and entrepreneurial support system

Answer:To give final approval to the Five Year Plans of India

11.What is the biggest item of income of the central government in 2019-20 budget?

(a) Goods and Service Tax

(b) Corporation tax

(c) Borrowings and other liabilities

(d) a and b both are equal

Answer:a and b both are equal

12.Which of the following district topped the rank of Aspirational district for the period of June 1, 2018, and October 31, 2018.

(a) Virudhunagar (Tamil Nadu)

(b) Mewat (Haryana)

(c) Pakur (Jharkhand

(d) Hailakandi (Assam)

Answer:Virudhunagar (Tamil Nadu)

13.The rate which the income tax is imposed in India is called....

(a) Digressive rate

(b) Progressive rate

(c) Regressive rate

(d) Proportionate rate

Answer:Digressive rate

14.Which of the following is not matched correctly about NITI Aayog?

(a) NITI Aayog head office: Delhi

(b) Narendra Modi: Chairman

(c) Parent Agency: Government of India

(d) NITI Aayog replaced: National Development Council

Answer:NITI Aayog replaced: National Development Council

15.How much cess is imposed currently by the Central Government?

(a) 4%

(b) 3.5%

(c) 3%

(d) 0.5%

Answer:4%

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