HorthooZ – Kerala GK, PSC Questions & Onam Quiz

Question 1

Which tax is levied directly on the income earned by individuals and corporate entities?

A Goods and Services Tax (GST)

B Excise Duty on petroleum

C Customs Duty

D Direct Tax (e.g., Income Tax and Corporate Tax)

Question 2

What is a main role of Kerala State Planning Board?

A Issue passports

B Regulate all banks nationally

C Support state planning and development policy

D Conduct elections

Question 3

What is Kudumbashree mainly associated with?

A Issuing currency

B Regulating stock exchanges

C Women-led community empowerment and poverty eradication

D Managing national highways

Question 4

What does 'SENSEX' represent in the Bombay Stock Exchange (BSE)?

A A benchmark stock index comprising 30 well-established financially sound companies

B The aggregate gold reserve held in Mumbai vaults

C The total daily currency exchange rate of the rupee

D The total tax revenue collected by the Income Tax Department

Question 5

What is financial inclusion?

A Banning savings accounts

B Access to useful and affordable financial services

C Replacing cash with gold

D Banking only for large firms

Question 6

Which institution acts as the central banking authority of the United States, analogous to the RBI in India?

A Bank of England

B Federal Reserve (The Fed)

C Bank of Japan

D European Central Bank

Question 7

What does inflation mean?

A A permanent fall in prices

B A sustained rise in the general price level

C A fall in population

D A rise in purchasing power

Question 8

What does currency depreciation mean?

A Exchange value rises

B Purchasing power always rises

C A fall in its value relative to other currencies

D Bank accounts decline

Question 9

Which is a secondary-sector activity?

A Banking

B Teaching

C Fishing

D Manufacturing

Question 10

What does 'Angel Tax' refer to in the Indian taxation framework for startups?

A Income tax levied on funding received by unlisted startups from angel investors if the share price exceeds the fair market value

B A special tax waiver given to agricultural cooperatives

C A tax collected on charity donations made to religious institutions

D A customs duty on imported aircraft parts

Question 11

Which regulator oversees India's securities market?

A SEBI

B IRDAI

C NABARD

D TRAI

Question 12

What is a main function of commercial banks?

A Conduct census

B Make laws

C Accept deposits and provide loans

D Print all currency

Question 13

Which institution replaced India's Planning Commission?

A SEBI

B NITI Aayog

C RBI

D Finance Commission

Question 14

Which organisation publishes the Human Development Report?

A ICC

B WTO

C WMO

D United Nations Development Programme (UNDP)

Question 15

HDI mainly considers which dimensions?

A Population size alone

B Rainfall and minerals only

C Health, education and income

D Exports, imports and tax

Question 16

Which index measures retail inflation in India?

A IIP only

B HDI

C Consumer Price Index (CPI)

D Sensex

Question 17

What is the role of the Kudumbashree mission in Kerala's economy?

A Collecting corporate income taxes

B Poverty eradication, women empowerment, and micro-enterprise promotion

C Managing major hydroelectric power grids

D Regulating stock exchanges in Kochi

Question 18

Which sector includes farming and fishing?

A Secondary sector

B Tertiary sector

C Banking sector

D Primary sector

Question 19

Which institution is responsible for regulating monetary policy and issuing currency in India?

A State Bank of India

B Ministry of Finance

C Reserve Bank of India (RBI)

D SEBI

Question 20

Which sector contributes the largest share to Kerala's Gross State Domestic Product (GSDP)?

A Primary (Agriculture and Allied) sector

B Mining and Quarrying sector alone

C Secondary (Manufacturing) sector

D Tertiary (Service) sector

Question 21

What does 'Microfinance' primarily cater to in financial markets?

A Providing high-risk venture capital for space rockets

B Issuing government sovereign bonds

C Financing multi-billion dollar multinational mega-corporations

D Providing financial services such as small loans and savings to low-income individuals or groups

Question 22

Which traditional Kerala industry produces coir products?

A Car assembly

B Petroleum refining

C Shipbuilding only

D Coir industry

Question 23

What does 'GDP' stand for in national macroeconomic accounts?

A General Development Program

B Gross Domestic Price

C Government Debt Payment

D Gross Domestic Product

Question 24

What does FDI stand for in the context of international trade and national economy?

A Fiscal Debt Index

B Foreign Direct Investment

C Federal Development Initiative

D Foreign Domestic Import

Question 25

What is the main objective of PM-KISAN?

A Insurance for all imports

B Pensions for all employees

C Funding only large industries

D Provide income support to eligible farmer families under scheme rules

Question 26

What is the primary focus of NABARD (National Bank for Agriculture and Rural Development)?

A Managing metropolitan housing loans exclusively

B Regulating international shipping lanes

C Issuing sovereign currency notes

D Providing credit for agriculture, small-scale industries, and rural development

Question 27

Which organization compiles and releases national income estimates in India?

A Reserve Bank of India

B Securities and Exchange Board of India

C State Bank of India

D National Statistical Office (NSO)

Question 28

What is the repo rate?

A Savings-account interest rate

B Tax on imports

C Population growth rate

D Rate at which RBI lends short-term funds to banks against eligible securities

Question 29

Which index is released by the World Bank to measure the ease of doing business across various economies (historically)?

A Ease of Doing Business Index

B Human Development Index

C Global Hunger Index

D Corruption Perceptions Index

Question 30

Which Article covers the Union Annual Financial Statement?

A Article 21

B Article 324

C Article 112

D Article 280

Question 31

What is the purpose of a census?

A Collect systematic information about a population

B Set repo rate

C Calculate exports only

D Regulate stock markets

Question 32

Which sector is important to Kerala through tourism, trade and IT?

A Subsistence farming only

B Services sector

C Primary sector alone

D Household work only

Question 33

What is the main purpose of the Public Distribution System (PDS) in India?

A To export surplus wheat and rice for international profit

B To regulate bullion and gold market imports

C To manage stock market derivative trading

D To distribute subsidized food grains and essential commodities to poor households

Question 34

Which organization publishes the official 'Economic Survey' of India prior to the Union Budget?

A NITI Aayog

B Central Bureau of Investigation

C Reserve Bank of India

D Department of Economic Affairs, Ministry of Finance

Question 35

What is 'Stagflation' in macroeconomic terminology?

A A combination of stagnant economic growth, high unemployment, and high inflation

B A sharp decline in bank interest rates and booming industrial output

C A sudden surplus in trade exports and falling consumer prices

D Rapid GDP growth combined with zero inflation and full employment

Question 36

Which institution is India's central bank?

A Reserve Bank of India

B NABARD

C SEBI

D SBI

Question 37

Which organization manages India's foreign exchange reserves and ensures orderly development of the forex market?

A Reserve Bank of India

B EXIM Bank

C State Bank of India

D Ministry of Commerce

Question 38

Which institution insures eligible bank deposits within prescribed limits?

A DICGC

B NITI Aayog

C SEBI

D IRCTC

Question 39

What does 'Fiscal Deficit' signify in government budget accounts?

A The excess of total government expenditure over total non-borrowed receipts

B The total trade deficit with foreign nations

C The total gold reserve held by the central bank

D The surplus funds of public sector undertakings

Question 40

What does MGNREGA provide under its provisions?

A Free housing to all urban residents

B Government jobs to all graduates

C Export price controls

D Legal guarantee of wage employment to rural households

Question 41

What does Balance of Payments record?

A Agricultural output only

B Government salaries only

C Domestic cash only

D Transactions between a country's residents and the rest of the world

Question 42

What does minimum support price (MSP) mean?

A Government-announced price for specified crops to support farmers

B Retail price of imported electronics

C World petrol price

D Daily wage for all workers

Question 43

Which institution supports agricultural and rural development finance?

A TRAI

B UIDAI

C NABARD

D SEBI

Question 44

What is India's official currency?

A Indian rupee

B Dinar

C Yen

D Taka

Question 45

What is the main purpose of the Public Distribution System?

A Sell luxury goods tax-free

B Give every citizen a phone

C Set oil prices worldwide

D Supply essential food grains to eligible households at subsidised prices

Question 46

Which measure represents average income per person?

A Per capita income

B Fiscal deficit

C Foreign reserves

D Wholesale price index

Question 47

What is fiscal deficit?

A Difference between tax rates

B Exports exceeding imports

C Household savings

D Excess of total expenditure over total receipts excluding borrowings

Question 48

Which body formulates monetary policy in India?

A Election Commission

B Finance Commission

C NITI Aayog

D Monetary Policy Committee (MPC)

Question 49

What is unemployment?

A One product becomes cheaper

B School enrolment rises

C When people willing and able to work cannot find work

D Exports increase

Question 50

Which sector includes banking and transport services?

A Mining sector

B Secondary sector

C Tertiary sector

D Primary sector