Quiz 55: Basic GK : Economics

1.
Ad Valorem Tax is levied on the basis of which among the following?
2.
A systematic record of all economic transactions completed between residents of a country and the rest of the world in a year is known as..?
3.
“A statement of estimated receipts and expenditures called annual Financial Statement (Budget) has to be placed before parliament for each financial year.” The above provision has been enshrined in which among the following articles of Constitution of India?
4.
Birth rate is number of births per ………….of the population during one year.
5.
Capitalism is based upon “Laissez-faire system”. What is "Laissez-faire system"?
6.
Goods which have positive relationship between price and quantity demanded are called as ….?
7.
"Bad money (if not limited in quantity) drives good money out of circulation". Which law in economics says this?
8.
Which among the following is a suitable term for the state of economy in which economic activity is slowing down but wages and prices continue to rise ?
9.
Agriculture, Irrigation and Power Projects were given highest priority in which among the following plans?
10.
Which among the following is the oldest insurance company of India?

15 Comments

  1. moni

    September 15, 2011 at 1:55 pm

    gresham’s law s t answer fr 8 question rit?

    Reply
  2. mymail2ani

    September 15, 2011 at 6:53 pm

    sir question 12 me problem hai

    Reply
  3. girijeshkumarsingh

    September 16, 2011 at 11:58 am

    finest

    Reply
  4. Manoj Puri

    September 16, 2011 at 2:43 pm

    Q.No. 12, there should be “Current Account” in question , it is not true for capital account.
    Capital account is about change in ownership of assets.

    Reply
  5. sumaran

    September 16, 2011 at 10:31 pm

    Q 10 me jo first five year plan hai whats the duration of that

    Reply
  6. Faiyaz

    September 17, 2011 at 4:47 pm

    1 First Five-Year Plan (1951-1956)
    2 Second Five-Year Plan (1956–1961)
    3 Third Five-Year Plan (1961–1966)
    4 Fourth Five-Year Plan (1969–1974)
    5 Fifth Five-Year Plan (1974–1979)
    6 Sixth Five-Year Plan (1980–1985)
    7 Seventh Five-Year Plan (1985–1990)
    8 Period between 1990–1992
    9 Eighth Five-Year Plan (1992–1997)
    10 Ninth Five-Year Plan (1997–2002)
    11 Tenth Five-Year Plan (2002–2007)
    12 Eleventh Five-Year Plan (2007–2012)

    Reply
  7. bk

    September 18, 2011 at 1:29 am

    good 1

    Reply
  8. sriniwas tiwari

    September 18, 2011 at 4:07 pm

    this gk site is very important site for me , so thanks a lot sir

    Reply
  9. vikash gupta

    September 27, 2011 at 12:46 pm

    thanks sir because this site is very useful for current bank exam

    Reply
  10. kicha

    October 1, 2011 at 1:36 pm

    i love india

    Reply
  11. ankur saxena

    December 13, 2011 at 1:55 am

    thnx a lot for such a great site

    Reply
  12. REHANS

    December 20, 2011 at 5:57 pm

    THIS IS GOOD ONE.

    Reply
  13. rashmi.narayani mishra

    March 19, 2012 at 8:56 am

    Dear Sir,
    thanks a lot for providing such a site which is very very essential for everyone to keep update with current economy.

    Reply
  14. Ravindranath

    August 7, 2012 at 9:58 pm

    Sir I want detailed information of All Five year plans.

    Reply
  15. PANDURANGA

    February 26, 2015 at 5:40 pm

    dear readers do you know ?

    Fifth five year plan covers from 1974 to 1978 because Janata Government came into existence so it was ended before one year

    Reply

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