ECO
QUIZ
GASC -2018
RULES
NO NEGATIVE
MARKS
EACH SLIDE SHOWN
FOR 20 SECONDS
QUESTIONS
CONTAIN 5 ROUNDS
Quiz
master’s
decision
final
ROUND 1
ROUND
2
ROUND
3
ROUND
4
ROUND
5
ROUND 1
GENERAL
‘Economic Survey’ is published every
year by?
a) NSSO
b) CSO
c) Ministry of Finance
d) RBI
Question1
A1. Economic Survey by
Ministry of Finance
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
A2. Standard of living represented by
PER-CAPITA INCOME
 National Income of India is compiled
by which agency?
Question 3
 CENTRAL STATISTICAL ORGANISATION
A3. National Income of India is compiled by
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
A4. First to attempt national income
calculation
Dadabai Naoroji
National Sample Survey Organization
(NSSO) was established in the year?
a) 1950
b) 1949
c) 1951
d) 1948
Question 5
A5. NSSO
1950
Who wrote the book ‘Planned
Economy for India’ ?
a) Morarji Desai
b) P.C Mahalanobis
c) M. Visvesvaraya
d) Narayan Agarwal
Question 6
A6. Planned Economy for India: author
M.Visvesvaraya
If monetary policy is formulated
by the RBI then the fiscal policy
is by:
Finance Commission
Government.
Ministry of Finance.
Question 7
A7.
THE MINISTRY OF FINANCE
MNREG wage linked to ……
 Wholesale price index
 CPI-rural
 CPI-AL(agricultural labour)
 Inflation rate
 Employment growth rate
Question8
A8
 MNREG wage
linked to CPI-AL(agricultural labour)
ROUND 2
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
A9
Union Bank of India
Which of the following Indian banks is
not a nationalized bank?
a) Federal Bank
b) Vijaya Bank
c) Corporation Bank
d) Dena Bank
Question10
A10.
Federal Bank
EXIM Bank was set-up in:
a) 1980
b) 1982
c) 1984
d) 1986
Question 11
A11. EXIM-Export Import Bank established
in
1982
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
A12.
State Bank of India
Who is known as the father of the
IPC?
IPC- Indian Penal Code
Question 13
LORD MACAULAY
A13. THOMAS BABINGTON MACAULAY
Who is the first woman judge
of India’s Supreme Court?
Question 14
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).
Planning Commission formed in
1950 was dismantled and in its
place, we have…..
Question 15
A15. NITI AAYOG
 National Institute for transforming India
2015 –think tank –replaces Planning
Commission
–Chairperson -PM
 ‘BIMARU’ was coined in the
1980s to refer to the poor
economic condition of some of
the states in India. They are…..
Question 16
A16.
BIMARU states of India:
Bihar,
Madhya Pradesh,
Rajasthan and
Uttar Pradesh
ROUND 3
GST was introduced as the….amendment
Act of the Constitution of India
a) 100
b) 101
c) 102
d) 103
Question 17
A17.
101th
Amendment
Who is the chairman of GST
council ?
a) RBI Governor
b) Prime Minister
c) President of India
d) Finance Minister
Question 18
A18.
Finance Minister
In which year GST was first
introduced In India ?
a) 2000
b) 2002
c) 2004
d) None of the above
Question 19
A19.
2000
Indian GST model has how
many bands of tax rates ?
a) 2
b) 3
c) 4
d) 5
Question 20
A20.
5
(0%,5%,12%,18%,28%)
Presently how many countries have
implemented GST ?
a) 102
b) 160
c) 180
d) 140
Question 21
A21
180
Who was appointed as the
brand ambassador to promote
GST ?
a) Narendra Modi
b) Amithabh Bachan
c) Akshay Kumar
d) Sachin Tendulkar
Question 22
A22.
Amithabh Bachan
GST rate on smart
phones is
a) 0%
b) 12%
c) 18%
d) 28%
Question 23
A23.
12%
 What is the
GST ON GOLD JEWELLERY?
Question 24
A24.
 3% ON GOLD JEWELLERY
(total taxes and duties…customs
duty ,excise duty,GST on making
charges…14%)
ROUND 4
When was SEBI
formed?
Question 25
A 25.SEBI: Securities And Exchange Board Of India
formed in 1988, HQ:Mumbai
SENSEX deals with how many stocks?
Question 26
A 26.
 Sensex deals with 30 stocks
Who is the current chairman of
SEBI ?
a) U.K Sinha
b) C.B Bhave
c) M.Damodaran
d) Ajay Tyagi
Question 27
A27.
Ajay Tyagi
( from 10th February 2017)
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
A28.
Gita Gopinath
 CM’s former Economic Advisor
 2nd Indian in this position
Which country secured the top rank
in the Human Development
Report 2018 ?
a) Netherland
b) Norway
c) Panama
d) Sweden
Question 29
A29.
Norway
Currently how many members are
there in the SAARC organization ?
a) 8
b) 9
c) 7
d) 6
Question 30
A30. countries in SAARC
 India.
 Afghanistan.
 Bangladesh.
 Bhutan.
 Maldives.
 Nepal.
 Pakistan.
 Sri Lanka.
Which areTHE FOUR LARGEST MEMBERS OF
WTO-THE QUAD?
Question 31
A31.
THE FOUR LARGEST MEMBERS OF WTO-THE
QUAD
CANADA
EUROPEAN UNION
JAPAN
UNITED STATES
Which country ranks 1st in the Global
Corruption Perception Index for 2017
?
a) Mauritius
b) Albania
c) Somalia
d) NewZealand
Question32
A32. Least corrupt country: NewZealand
 PM of New Zealand: Jacinda Ardern

 Most corrupt country-Somalia
 India’s rank-81
ROUND 5
Identify the Logo?
Question33
A33
Identify the person ?
Question 34
A34
Adam Smith
‘Father of Modern Economics’
‘Father of Capitalism’
What is the image on the reverse of the
note ?
Question 35
A35
Mangalyaan, depicting the country's first
venture in to the interplanetary space and Swatch
Bharat Logo
Identify the Logo ?
Question 36
A36
Identify the first Nobel Prize winner in
Economics
Question 37
A37
Ragnar Frisch (3rd March 1895-31st January
1973)
 Nobel Memorial Prize in Economic Sciences-
1969
 specialisation:Econometrics and Production
Theory
Identify these two economists
WILLIAM NORDHAUS PAUL ROMER
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
Question 39
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
Identify this person
 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
Question 41
Identify this lady
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.
Question 42
Identify this person
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
Question 43.
Identify this person
A 43.Shri Sreeram Sambasiva Rao
 Present district collector
of Kozhikode district
Identify this lady
Question 43.
A 44.Gro Harlem Brundtland
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.
Who coined the term ‘HINDU RATE OF
GROWTH’ for Indian economy?
a)Charan Singh
b)RajKrishna
c)V.P Singh
d)NarayanAgarwal
1Question
Rajkrishna
The first Bank established in
India was:
a) Bank of Hindustan
b) State Bank of India
c) Punjab National Bank
d) Central Bank
3Question
Bank of
Hindustan
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
Consolidating the
economy
What is another term for
MICRECONOMICS?
Question
ANOTHER TERM FOR
MICROECONOMICS-
PRICE THEORY
(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
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)
Match the sides
 Dr.Omkar Goswami
 Dandekar and Rath
 Narasimha Rao
 Mahabub ul Haq
 Poverty
 New Industrial Policy
1991
 Industrial Sickness
 HDI
Question
A8
 Dr.Omkar Goswami
 Dandekar and Rath
 Narasimha Rao
 Mahabub ul Haq
 Industrial sickness
 Poverty
 New Industrial policy
1991
 HDI

Ecoquiz2018