Mock Test

Exam: IBPS PO Subject: General Awareness Topic: Economy

Total Questions: 20

Q1. Which Indian state was the first to establish a State Planning Board?

Kerala Maharashtra Gujarat West Bengal
Q2. What is the duration covered by the Economic Survey of India?

One month One year Five years Ten years
Q3. Which of the following is a tool of monetary policy that influences the cost and availability of credit in the economy?

Trade Deficit Bank Rate GDP Growth Rate Fiscal Deficit
Q4. Which authority is responsible for collecting income tax in India?

SEBI RBI CBDT IRDAI
Q5. Which is the first Indian city to have an electric bus service?

Delhi Mumbai Bengaluru Pune
Q6. What is the term for the rate at which one currency can be exchanged for another?

Exchange Rate Interest Rate Inflation Rate Growth Rate
Q7. When was the Digital India Campaign launched?

2014 2015 2016 2017
Q8. Which sector is known for its customer-centric approach?

Agriculture Manufacturing Service Mining
Q9. What is the term for the total value of all final goods and services produced within a country's borders in a given period of time?

GDP GNP GNI CPI
Q10. Which agreement aims to promote economic integration among Southeast Asian countries?

WTO SAFTA ASEAN BRICS
Q11. Which of the following is a repo rate-related term used in monetary policy?

Reverse Repo Rate Reverse Cash Ratio Reverse SLR Reverse CRR
Q12. Hyperinflation is a very high and typically accelerating inflation.

True False
Q13. Which of the following is a part of the Capital Budget?

Interest Payments Defense Expenditure Subsidies Salaries and Wages
Q14. Which of the following is a part of the revenue budget in India?

Interest payments Subsidies Expenditure on infrastructure projects Salaries and pensions
Q15. Which of the following is a component of GDP that represents spending by businesses on new equipment and structures?

Consumption Investment Government Spending Net Exports
Q16. Which Indian state is known as the rice bowl of India?

Punjab Haryana West Bengal Andhra Pradesh
Q17. The Economic Survey of India is presented in which house of the Parliament?

Lok Sabha Rajya Sabha Both Houses None of the above
Q18. What is the main source of energy for industrial production in India?

Coal Natural Gas Solar Hydro
Q19. Which of the following is a component of National Income that represents the total income earned by factors of production in a country?

GDP GNI GNP NNP
Q20. Which of the following is a measure of the value of goods and services produced within a country in a specific period?

GDP GVA CPI IIP

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