List of top General Awareness Questions on Economics asked in AILET BALLB (Hons.)

Which of the following statements best describes the nature of the National Automated Clearing House (NACH) implemented by the National Payment Corporation of India (NPCI)?

A change in exchange rate leads to a change in supply and demand of foreign goods in the domestic market and domestic goods in the foreign market. This also leads to an imbalance in the balance of payments. What is Balance of Payments?

The Reserve Bank of India having regard to the needs of securing the monetary stability in the country, prescribes the CRR (Cash Reserve Ratio). Which of the following most closely explains this ratio ?

What does the Gross Domestic Product (GDP) measure?

The Sustainable Development Goals (SDGs) were adopted by the United Nations in 2015 as a universal call for peace and prosperity. Which of the following statements about SDGs is NOT true?

Before adopting Riyal as its currency, Qatar’s currency was equivalent to which foreign (to Qatar) currency ?