SET 7 – Economy Questions and Answers
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Important questions and answers of GK Set-7 related to Economics language for various competitive exams
Economy GK – Set 7: – GK Questions related to Economics below Section-7 Questions and answers have been written . All the economics related question banks, railways, SSC etc. published in this section will be important and helpful for you in all examinations.
Question 1. Which country was the first consumer rights declaration?
A. Australia
B. China
C. Japan
D. United States
Question 2. In which year was the new currency Euro introduced?
A. In 1954
B. In 1958
C. In 1999
D. In 2004
Question 3. From which point of view, cottage and small scale industry is necessary in Indian economy?
A. Low Cost
B. Employment Generation
C. Income Generation
D. None of these
Question 4. When was the Bombay Stock Exchange established?
A. 1952 AD
B. 1862 AD
C. 1875 AD
D. 1963 AD
Question 5. When was the Industrial and Financial Exchange Board established?
A. 1954
B. 1932
C. 1992
D. 1997
Question 6. What is called by the government to replace the old currency with the new currency?
A. Demonetization
B. Currency contraction
C. Devaluation
D. Malthus
Question 7. In which year was the first Regional Rural Bank established?
A. In 1997
B. In 1975
C. In 1956
D. In 1854
Question 8. In which year NABARD was established?
A. In 1952
B. In 1856
C. In 1956
D. In 1982
Question 9. In an economy, what is the relationship between the price of currency and the price level of ___?
A. Anulom
B. static
C. Inverse
D. None of these
Question 10. In terms of coconut production, which country has the first place in the world?
A. Indonesia
B. India
C. Sri Lanka
D. Bangladesh