Mock Test

Exam: IBPS PO Subject: General Awareness Topic: Economy

Total Questions: 20

Q1. Which economic theory suggests that individuals act in their own self-interest?

Keynesian economics Classical economics Behavioral economics Neoclassical economics
Q2. What is the term used for the rate at which RBI borrows money from commercial banks?

Repo rate Reverse repo rate SLR CRR
Q3. Which document is presented before the Union Budget in India?

Economic Survey Fiscal Policy Report Monetary Policy Review Trade Balance Report
Q4. Which of the following is a financial model used for funding Smart City projects?

Crowdfunding Public-Private Partnership Barter System Charity
Q5. Which type of trade agreement is more likely to lead to deeper integration among countries?

Bilateral Multilateral Regional Global
Q6. Which index is used to measure the performance of the top 300 companies listed on the NSE?

Sensex Nifty 50 Nifty 300 Midcap Index
Q7. What is the primary purpose of the IMF's financial assistance programs?

Increase government debt Promote economic stability Encourage trade deficits Improve military capabilities
Q8. What does NSE stand for in the context of stock market indices?

National Stock Exchange New Stock Exchange Nifty Stock Exchange National Securities Exchange
Q9. What is the primary cause of unemployment in rural India?

Lack of education and skills Availability of job opportunities Government policies Urbanization
Q10. Which city hosted the 2018 G20 Summit?

Hamburg Buenos Aires Seoul Paris
Q11. Which theory suggests that people make decisions based on rational self-interest?

Behavioral economics Neoclassical economics Keynesian economics Classical economics
Q12. Which term refers to the flow of money for the purpose of investment, trade, or production in an economy?

Budget Deficit Currency Capital
Q13. What is the purpose of Input Tax Credit under GST?

To increase tax burden on businesses To reduce tax evasion To complicate tax calculations To discourage compliance
Q14. Which economic indicator measures the overall performance of all production activities in a country?

TPI GDP GNI PPP
Q15. Which policy aimed at reducing the concentration of economic power in India?

Industrial Policy Resolution, 1956 New Industrial Policy, 1991 Industrial Policy Statement, 1977 Industrial Policy Statement, 1980
Q16. Which index is used to measure the changes in the prices of goods and services at the wholesale level?

CPI WPI IIP GDP
Q17. Which Five Year Plan focused on the development of basic education and healthcare facilities?

Fourth Plan Fifth Plan Sixth Plan Seventh Plan
Q18. Which of the following is a tool of monetary policy that influences the cost and availability of credit in the economy?

Trade Deficit Bank Rate GDP Growth Rate Fiscal Deficit
Q19. Which index is used to measure the performance of the top 10 companies listed on the NSE?

Sensex Nifty 50 Nifty 10 Midcap Index
Q20. Which term refers to the integration of economies and societies through cross-border flows of information, ideas, technologies, goods, services, capital, finance, and people?

Liberalization Privatization Globalization Localization

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