Gk quiz

GK QuiZ

These 9 GK questions and answers of Indian economy are published for the different competitive exams like UPSC/PSC/SSC/Banking etc. So solve these questions and boot your chances of success.

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1.Answer: b

Explanation: The President of the World Bank Group is the head of World Bank Group. ‘David Malpass’ is the Incumbent President of the World Bank Group. He is on the post since April 9, 2019. David has replaced Jim Yong Kim.

2.Answer: c 

Explanation: Wealth tax is the direct tax which is imposed on the assets (House, rented buildings etc) of the Individual. Other Indirect taxes are corporation tax, income tax, wealth tax. 

3.Answer:d

Explanation: As on October 2019, the current rate of cash reserve ratio (CRR) is at 4%, Policy Repo Rate @ 5.15%, Reverse Repo Rate @ 4.90%, Marginal Standing Facility Rate @ 5.40% and Bank Rate @ 5.40%.

4.Answer: b

Explanation: On August 30, 2019, Finance Minister of India announced to merge 10 Public Sector Banks into 4 big Public Sector banks. After this merger now the number of Public Sector Banks come down to 12 from 27 of 2017.

5.Answer: b

Explanation: The NABARD was established on the recommendations of the Shri B. Sivaraman of 1979. Shri B. Sivaraman is a former member of Planning Commission. Narasimhan Committee (1998) constituted by RBI, Leeladhar Committee (2008) chaired by RBI Deputy Governor and Nayak Committee was constituted in 2014.

6.Ans. D

Explanation: Navratri, Durgashtami and Maha Navami are the festivals related to Mother Goddess Durga.

7.Ans. D

Explanation: Dussehra festival is also known as Vijayadashami, Dasahara, Dusshera, Dasara, Dussehra or Dashain.

8.Ans. D

Explanation: Bhai Dooj festival is also known as Bhai Teeka, Yum Dwitiya, Bhrat Dwitiya, Yamadwitheya or Yamadvitiya etc.
So, these are the various festivals that falls in the month of October 2019 in India.

9.Ans. D

Explanation: Lord Krishna is also known as Govinda, Madhusudhana, Vasudeva, Mukunda, Girdhari, Govardhandhari etc.