Important One Liner Economics 500 Question – Gk By Mr. DJ
126.It is necessary for the Chairman of the Finance Commission to be- a person with experience in public affairs.
127.Who was the Chairman of the Thirteenth Finance Commission – Dr. Vijay L. Kelkar
128.Interest rate is determined by- liquidity preference
129.Bank rate is considered as the interest rate – on which commercial banks borrow money from the Reserve Bank of India.
130.What is the market from which money can be obtained in the form of loan- Money market
131.At what rate, Reserve Bank of India borrows money from commercial banks – reverse repo rate
132.Trade policy includes- Export Import Policy
133.When is the problem of undesirable balance of payments – import and export
134.Free trade means- uncontrolled exchange of goods and services.
135.Acquisition of a currency means determining the value of the currency at this level – higher.
136.Who WTO Promotes – Multilateral Trade
137.Who are the main watchdogs of international trade – World Trade Organization
138.Who are members of Indian Ocean Coastal Regional Cooperation Association (IORA) – Bangladesh, Mauritius, India
139.What is hawala – illegal trading of foreign currency
140.Who coined the terms microeconomics and macroeconomics – Regner Christian
141.Who is concerned with microeconomics – individual units
142.Kautilya’s Arthashastra deals mainly with- Political Governance
143.From which language is the word economics – Greek
144.When the labor supply curve bends back – income becomes a low-level item.
145.The best index of economic development is provided – year by year, by an increase in real income per capita.
146.Which shows the increase in the quantity of supply – rightward transfer of supply curve
147.Money supply is controlled by- Reserve Bank of India
148.Who determines the market equilibrium of a commodity – the balance of the demand and supply powers of the commodity
149.To which country India exports the maximum amount of gems and jewelery in terms of value – USA.
150.Material on which India spends the maximum import amount – raw petroleum
Polity 500 One Liner Questions And Answers
