Circe Based Officers (2025): Pre-Examination Training for Eligible SC/ST/OBC/PwBD Candidates

General Awareness/Economy Set-1

S.NO QUESTION OPTION A OPTION B OPTION C OPTION D OPTION E ANSWER

Gross Domestic General Domestic Gross Development

1 GDP stands for? Product Product Product General Development Price Gross Demand Product A
Who is known as the ‘Father of Indian Economic Jawaharlal
2 Planning’? Nehru R. Ambedkar M. Visvesvaraya P. C. Mahalanobis Amartya Sen C
Who publishes the Human Development Index
3 (HDI)? World Bank UNDP IMF WTO ADB B
Goods and Services Tax (GST) implemented in
4 India on……….? Apr-16 Jul-17 Jan-15 Mar-18 Jul-16 B
Goods and Services Tax (GST) implemented in
5 India on……….? Apr-16 Jul-17 Jan-15 Mar-18 Jul-16 B
Rise in
6 What does the term ‘Inflation’ refer to? employment Fall in interest rates Rise in prices Increase in exports Decrease in money supply C
7 Base year for calculating India's GDP)? 2004–05 2010–11 2022-23 2015–16 2020–21 C

8 . ……. Is the banker to the Government of India? SEBI NABARD State Bank of India RBI Ministry of Finance D
9 Stock markets in India is regulated by………? RBI SEBI IRDAI Ministry of Finance BSE B
10 Which of the following is a direct tax? Excise Duty Customs Duty GST Income Tax Service Tax D
11 "Make in India" was launched in……….? 2012 2014 2015 2016 2017 B
The main aim of the Pradhan Mantri Jan Dhan
12 Yojana is …………? Digital banking Financial inclusion Loan waiver Insurance coverage Rural electrification B
Which sector contributes the highest to India’s
13 GDP? Agriculture Mining Services Manufacturing Construction C
What is the minimum age to open a bank account
14 independently? 8 years 10 years 12 years 15 years 18 years B

15 Who prepares the Union Budget? RBI NITI Aayog Finance Commission Ministry of Finance Economic Advisory Council D

National Institute
for Transforming National Innovation and New India Technological National Integration for National Institution for
16 What is the full form of NITI Aayog? India Trade Institute Institute Trade and Industry Transforming India E
Foreign Debt Foreign Deposit Financial Domestic
17 What is the full form of FDI? Investment Investment Investment Foreign Direct Investment Fiscal Domestic Integration D
Which of the following is India’s largest Indian Armed
18 employer? Forces Indian Railways Infosys SBI LIC A
 What is the name of the digital currency
19 introduced by the RBI? e-RUPI Bharat Coin RuPay Digital Digital Rupee UPI Token D
20 Startup India scheme is meant to promote: MSMEs Rural artisans Foreign investors Women entrepreneurs New entrepreneurs E
Which of these is NOT a component of Human
21 Development Index (HDI)? Life expectancy Per capita income Education Gender ratio Literacy rate D
Rate at which
RBI borrows Interest rate on savings Rate at which banks lend Rate at which RBI lends to
22 What is Repo Rate? from banks accounts to RBI banks Rate of corporate borrowing D
Which department releases the Economic Survey Department of
23 of India? Commerce RBI SEBI Ministry of Finance Planning Commission D

24 The term Green Revolution is associated with: Industrial growth Agricultural productivity Renewable energy Environment protection Organic farming B
Farmers and Insurance firms and
25 The Twin Balance Sheet problem affects: Banks RBI and Government Banks and Corporates Exporters and Importers Investors C
Minimum Stock
26 What is MSP? Price Maximum Support Price Minimum Support Price Market Selling Price Managed Selling Price C
Government of India in
27 Who decides India’s inflation target? RBI Ministry of Finance Planning Commission consultation with RBI SEBI D
28 Who is the current Finance Minister of India? Amit Shah Rajnath Singh Piyush Goyal Nirmala Sitharaman Smriti Irani D
Which among the following is not a public sector
29 bank? SBI Bank of India Punjab National Bank HDFC Bank Bank of Baroda D
Government
revenue > Excess of expenditure Surplus in balance of
30 Fiscal deficit means: expenditure over revenue Current account surplus payments Budget surplus B
31 Which plan had the slogan "Garibi Hatao"? First Plan Fourth Plan Fifth Plan Seventh Plan Ninth Plan C
Which Indian state has the highest Gross State
32 Domestic Product (GSDP)? Gujarat Tamil Nadu Uttar Pradesh Karnataka Maharashtra E
 Current and capital
33 Balance of Payments includes: Only imports Only exports accounts Fiscal deficit Only service sector C
Selling shares of private Selling stake in PSUs by
34 What is disinvestment? Selling of gold companies the government Purchasing bonds Printing currency C
35 India’s rank in Global Innovation Index 2024 is: 35 40 39 50 60 C
36 What does deflation mean? Rise in prices Decline in prices Constant GDP Increase in taxes Rise in foreign reserves B
37 Who regulates the insurance sector in India? SEBI RBI IRDAI Ministry of Finance LIC C
38 Which institution provides rural credit in India? RBI SIDBI NABARD SEBI IDBI C
Issued without backing of a
39 Fiat money is: Backed by gold Barter-based commodity Backed by foreign exchange Cryptocurrency C
Who was the finance minister during 1991
40 economic reforms? Yashwant Sinha P. Chidambaram Dr. Manmohan Singh Pranab Mukherjee N. K. Singh C

41 What is the purpose of MSP? Promote exports Control prices Ensure farmer income Increase tax collection Support urban markets C
Which financial awareness campaign was
42 launched by RBI? Jan Dhan Money Mitra RBI Kehta Hai Paisa Samajh Bharat Banking C
43 Which of these is a capital market instrument? Treasury Bills Commercial Papers Equity Shares Certificate of Deposit Call Money C
High Inflation, Staganted
High inflation, Low inflation, low growth, High
44 What does ‘Stagflation’ mean? low growth unemployment unemployment High GDP, low exports High growth, low prices C
Which committee recommended banking reforms Kelkar
45 in 1991? Committee Rangarajan Committee Narasimham Committee Tarapore Committee Shome Committee C
Skill Development and
46 Which ministry implements Skill India? HRD Labour and Employment Entrepreneurship MSME Commerce C
47 Who developed the UPI system in India? RBI SEBI NPCI SBI Infosys C
Which of the following is not part of India’s forex
48 reserves? SDRs Foreign currency assets Gold Stock market investments Reserve in IMF D
What is the largest source of tax revenue for the
49 Indian government during FY 2024-25? Customs Duty Excise Duty Personal Income Tax Corporate Tax GST C
National Bank
for Finance & Non-Banking Financial New Bharat Financial National Business and Non-Banking Fiscal
50 What is the full form of NBFC? Commerce Company Corporation Finance Company Corporation B