a quiz for economics graduates in India

1. ECO
QUIZ
GASC -2018

2. RULES
NO NEGATIVE
MARKS
EACH SLIDE SHOWN
FOR 20 SECONDS
QUESTIONS
CONTAIN 5 ROUNDS
Quiz
master’s
decision
final

3. ROUND 1
ROUND
2
ROUND
3
ROUND
4
ROUND
5

4. ROUND 1
GENERAL

5. ‘Economic Survey’ is published every
year by?
a) NSSO
b) CSO
c) Ministry of Finance
d) RBI
Question1

6. A1. Economic Survey by
Ministry of Finance

7. The standard of living in a country is
represented by its?
a) National income
b) Economic Development
c) Per-capita income
d) Economic Growth
Question 2

8. A2. Standard of living represented by
PER-CAPITA INCOME

9.  National Income of India is compiled
by which agency?
Question 3

10.  CENTRAL STATISTICAL ORGANISATION
A3. National Income of India is compiled by

11. The first attempt to calculate national
income of India was by
a) C.S.O
b) V.K.R.V Rao
c) P.C Mahalanobis
d) Dadabai Naoroji
Question 4

12. A4. First to attempt national income
calculation
Dadabai Naoroji

13. National Sample Survey Organization
(NSSO) was established in the year?
a) 1950
b) 1949
c) 1951
d) 1948
Question 5

14. A5. NSSO
1950

15. Who wrote the book ‘Planned
Economy for India’ ?
a) Morarji Desai
b) P.C Mahalanobis
c) M. Visvesvaraya
d) Narayan Agarwal
Question 6

16. A6. Planned Economy for India: author
M.Visvesvaraya

17. If monetary policy is formulated
by the RBI then the fiscal policy
is by:
Finance Commission
Government.
Ministry of Finance.
Question 7

18. A7.
THE MINISTRY OF FINANCE

19. MNREG wage linked to ……
 Wholesale price index
 CPI-rural
 CPI-AL(agricultural labour)
 Inflation rate
 Employment growth rate
Question8

20. A8
 MNREG wage
linked to CPI-AL(agricultural labour)

21. ROUND 2

22. Which of the following banks was
inaugurated by Mahatma Gandhi in
1919?
a) Bank of Maharashtra
b) Bank of Baroda
c) State Bank of Saurashtra
d) Union Bank of India
Question9

23. A9
Union Bank of India

24. Which of the following Indian banks is
not a nationalized bank?
a) Federal Bank
b) Vijaya Bank
c) Corporation Bank
d) Dena Bank
Question10

25. A10.
Federal Bank

26. EXIM Bank was set-up in:
a) 1980
b) 1982
c) 1984
d) 1986
Question 11

27. A11. EXIM-Export Import Bank established
in
1982

28. The Imperial Bank of India, in
1955 after nationalization was
given the name of:
a) Indian Overseas Bank
b) Reserve Bank of India
c) State Bank of India
d) Bank of India
Question 12

29. A12.
State Bank of India

30. Who is known as the father of the
IPC?
IPC- Indian Penal Code
Question 13

31. LORD MACAULAY
A13. THOMAS BABINGTON MACAULAY

32. Who is the first woman judge
of India’s Supreme Court?
Question 14

33. A14. FATHIMA BEEVI
M. Fathima Beevi was
the first female judge to
be appointed to the
Supreme Court of India
and the first Muslim
woman to be appointed
to any higher
judiciary(1989).

34. Planning Commission formed in
1950 was dismantled and in its
place, we have…..
Question 15

35. A15. NITI AAYOG
 National Institute for transforming India
2015 –think tank –replaces Planning
Commission
–Chairperson -PM

36.  ‘BIMARU’ was coined in the
1980s to refer to the poor
economic condition of some of
the states in India. They are…..
Question 16

37. A16.
BIMARU states of India:
Bihar,
Madhya Pradesh,
Rajasthan and
Uttar Pradesh

38. ROUND 3

39. GST was introduced as the….amendment
Act of the Constitution of India
a) 100
b) 101
c) 102
d) 103
Question 17

40. A17.
101th
Amendment

41. Who is the chairman of GST
council ?
a) RBI Governor
b) Prime Minister
c) President of India
d) Finance Minister
Question 18

42. A18.
Finance Minister

43. In which year GST was first
introduced In India ?
a) 2000
b) 2002
c) 2004
d) None of the above
Question 19

44. A19.
2000

45. Indian GST model has how
many bands of tax rates ?
a) 2
b) 3
c) 4
d) 5
Question 20

46. A20.
5
(0%,5%,12%,18%,28%)

47. Presently how many countries have
implemented GST ?
a) 102
b) 160
c) 180
d) 140
Question 21

48. A21
180

49. Who was appointed as the
brand ambassador to promote
GST ?
a) Narendra Modi
b) Amithabh Bachan
c) Akshay Kumar
d) Sachin Tendulkar
Question 22

50. A22.
Amithabh Bachan

51. GST rate on smart
phones is
a) 0%
b) 12%
c) 18%
d) 28%
Question 23

52. A23.
12%

53.  What is the
GST ON GOLD JEWELLERY?
Question 24

54. A24.
 3% ON GOLD JEWELLERY
(total taxes and duties…customs
duty ,excise duty,GST on making
charges…14%)

55. ROUND 4

56. When was SEBI
formed?
Question 25

57. A 25.SEBI: Securities And Exchange Board Of India
formed in 1988, HQ:Mumbai

58. SENSEX deals with how many stocks?
Question 26

59. A 26.
 Sensex deals with 30 stocks

60. Who is the current chairman of
SEBI ?
a) U.K Sinha
b) C.B Bhave
c) M.Damodaran
d) Ajay Tyagi
Question 27

61. A27.
Ajay Tyagi
( from 10th February 2017)

62. Who was appointed as the chief
economist of IMF ?
a) Gita Gopinath
b) Raghuram Rajan
c) Kenneth Rogoff
d) Mohamed A.El-Erian
Question 28

63. A28.
Gita Gopinath
 CM’s former Economic Advisor
 2nd Indian in this position

64. Which country secured the top rank
in the Human Development
Report 2018 ?
a) Netherland
b) Norway
c) Panama
d) Sweden
Question 29

65. A29.
Norway

66. Currently how many members are
there in the SAARC organization ?
a) 8
b) 9
c) 7
d) 6
Question 30

67. A30. countries in SAARC
 India.
 Afghanistan.
 Bangladesh.
 Bhutan.
 Maldives.
 Nepal.
 Pakistan.
 Sri Lanka.

68. Which areTHE FOUR LARGEST MEMBERS OF
WTO-THE QUAD?
Question 31

69. A31.
THE FOUR LARGEST MEMBERS OF WTO-THE
QUAD
CANADA
EUROPEAN UNION
JAPAN
UNITED STATES

70. Which country ranks 1st in the Global
Corruption Perception Index for 2017
?
a) Mauritius
b) Albania
c) Somalia
d) NewZealand
Question32

71. A32. Least corrupt country: NewZealand
 PM of New Zealand: Jacinda Ardern

 Most corrupt country-Somalia
 India’s rank-81

72. ROUND 5

73. Identify the Logo?
Question33

74. A33

75. Identify the person ?
Question 34

76. A34
Adam Smith
‘Father of Modern Economics’
‘Father of Capitalism’

77. What is the image on the reverse of the
note ?
Question 35

78. A35
Mangalyaan, depicting the country's first
venture in to the interplanetary space and Swatch
Bharat Logo

79. Identify the Logo ?
Question 36

80. A36

81. Identify the first Nobel Prize winner in
Economics
Question 37

82. A37
Ragnar Frisch (3rd March 1895-31st January
1973)
 Nobel Memorial Prize in Economic Sciences-
1969
 specialisation:Econometrics and Production
Theory

83. Identify these two economists

84. WILLIAM NORDHAUS PAUL ROMER

85. A38.
The Nobel Prize winners in Economics in
2018 ?
 Paul Romer, William Nordhaus.
 Angus Deaton, Richard Thaler.
 Lars Peter Hansen, Eugene Fama
 Oliver Hart, Bengt Holmström

86. Question 39

87. A39. JOAN ROBINSON
Joan Violet Robinson FBA,
previously Joan Violet Maurice,
was a British economist well
known for her wide-ranging
contributions to economic
theory. She was a central figure
in what became known as Post-
Keynesian Economics

88. Identify this person

89.  A 40.
Dr Verghese Kurien
born in
Kozhikode.The man
behind the
‘Operation Flood’
that revolutionised
India’s dairy sector
to make it a world
leading producer of
milk.His birthday is
observed as
National Milk Day

90. Question 41
Identify this lady

91. CHRISTINE LAGARDE
A 41. Chairwoman of the International
Monetary Fund (IMF).
 Christine Lagarde born 1 January 1956 is
a French lawyer and politician who is
currently serving as the Managing Director
(MD) and Chairwoman of the International
Monetary Fund (IMF). Lagarde has held the
position since 5 July 2011.

92. Question 42
Identify this person

93. A42.
 Ranjan Gogoi is an
Indian judge serving as
the 46th and current
Chief Justice of India
since 3 October 2018.
His term as Chief
Justice ends on 17
November 2019. He is
the first person from
Northeast India and first
Assamese to become
Chief Justice of India

94. Question 43.
Identify this person

95. A 43.Shri Sreeram Sambasiva Rao
 Present district collector
of Kozhikode district

96. Identify this lady
Question 43.

97. A 44.Gro Harlem Brundtland

98. Gro Harlem Brundtland
Norwegian Politician
Gro Harlem Brundtland is a Norwegian politician, who served
three terms as Prime Minister of Norway and as Director-
General of the World Health Organization from 1998 to 2003.
She is also known for having chaired the Brundtland
Commission which presented the Brundtland Report on
sustainable development.

100. Who coined the term ‘HINDU RATE OF
GROWTH’ for Indian economy?
a)Charan Singh
b)RajKrishna
c)V.P Singh
d)NarayanAgarwal
1Question

101. Rajkrishna

102. The first Bank established in
India was:
a) Bank of Hindustan
b) State Bank of India
c) Punjab National Bank
d) Central Bank
3Question

103. Bank of
Hindustan

104. The primary objective of Nationalization
of Banks was:
a) Improving credit facilities
b) Financing the industries
c) Improving security of deposits
d) Consolidating the Economy
4Question

105. Consolidating the
economy

106. What is another term for
MICRECONOMICS?
Question

107. ANOTHER TERM FOR
MICROECONOMICS-
PRICE THEORY

108. (sqkm)
1 Russia
17,098,242
2Canada 9,984,670
3United States 9,826,675
4China 9,596,960
5Brazil 8,514,877
6Australia 7,741,220
7India 3,287,263
Largest countries by area

109. How many countries in the world today?
195
There are 195 countries in the world today. This total comprises 193
countries that are member states of the United Nations and 2 countries
that are non-member observer states: the Holy See and the State of
Palestine.
54-in Africa
48-in Asia
44-in Europe
33-in Latin America and Caribbean
14-in Oceania(Australia and others)
2-in Northern America (US & Canada)

110. Match the sides
 Dr.Omkar Goswami
 Dandekar and Rath
 Narasimha Rao
 Mahabub ul Haq
 Poverty
 New Industrial Policy
1991
 Industrial Sickness
 HDI
Question

111. A8
 Dr.Omkar Goswami
 Dandekar and Rath
 Narasimha Rao
 Mahabub ul Haq
 Industrial sickness
 Poverty
 New Industrial policy
1991
 HDI