GK Questions 2024-2025 for IBPS PO Exams - 1

Question: 1

Market Based economic climate means

(A) Economic judgments are taken after maintaining in view the social welfare

(B) Government has full handle over the exclusive sector

(C) Some financial choices are taken by authorities and different are left to market forces

(D) All financial determinations are taken based mostly on the demand and provide forces

Question: 2

National Income is the

(A) Net domestic product at factor cost

(B) Net Domestic product at market price

(C) NNP at factor cost

(D) NNP at market price

Question: 3

What do you understand by regressive taxation?

(A) Taxation where the tax rate increases irrespective of fall or rise in taxable incomes

(B) Tax that takes a larger percentage from low income people than from high income people

(C) Taxation where the tax rate increase with the increase of taxable income

(D) None of the above

Question: 4

What does the term Green shoots represents in an Economy?

(A) Signs of economic decline in a developed economy

(B) Signs of growth of agriculture sector in a declining economy

(C) Signs of growth of agriculture sector in a growing economy

(D) Signs of economic recovery during an economy downturn

Question: 5

GDP deflator is used to

(A) Compare the GDP of a country vis a vis other countries of the world

(B) Estimate the purchasing power of the citizen of a country

(C) Measure the relative reduction in GDP growth rate of a country

(D) Measure the inflation in a country