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Wednesday, 14 January

SSC CGL · Indian Economy & Banking Awareness

Which is the oldest stock exchange in Asia?

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More practice: Indian Economy & Banking Awareness

5 more SSC CGL questions from the same chapter, with step-by-step solutions. Try each one, then reveal the answer.

  1. Q1medium

    The Goods and Services Tax (GST) came into effect in India on 1 July of which year?

    • A2014
    • B2015
    • C2016
    • D2017
    Show answer & solution

    Correct answer: (D) 2017

    GST, described as 'One Nation, One Tax', was rolled out across India on 1 July 2017.

  2. Q2hard

    Who designed the symbol of the Indian Rupee (₹)?

    • ANandan Nilekani
    • BD. Udaya Kumar
    • CRaghuram Rajan
    • DBibek Debroy
    Show answer & solution

    Correct answer: (B) D. Udaya Kumar

    The Indian Rupee symbol (₹), adopted in 2010, was designed by D. Udaya Kumar.

  3. Q3easy

    NITI Aayog, which replaced the Planning Commission, was established in which year?

    • A2012
    • B2013
    • C2014
    • D2015
    Show answer & solution

    Correct answer: (D) 2015

    NITI Aayog (National Institution for Transforming India) was established on 1 January 2015.

  4. Q4medium

    The 'White Revolution' in India is associated with increased production of:

    • AMilk
    • BWheat
    • CFish
    • DEggs
    Show answer & solution

    Correct answer: (A) Milk

    The White Revolution, led by Verghese Kurien through Operation Flood, boosted milk production in India.

  5. Q5easy

    The reverse repo rate is the rate at which:

    • ACommercial banks borrow money from the RBI
    • BThe RBI borrows money from commercial banks
    • CCommercial banks lend to their best corporate customers
    • DThe government borrows from the public through bonds
    Show answer & solution

    Correct answer: (B) The RBI borrows money from commercial banks

    Repo rate is the rate at which the RBI lends to commercial banks against government securities. 'Reverse' flips the direction: banks park their surplus funds with the RBI, so the RBI is the borrower. Raising it pulls money out of the system. So the reverse repo rate is the rate at which the RBI borrows from commercial banks.

Indian Economy & Banking Awareness: notes & solved questions →Take the full 26-question test →