Indian Economy Gk Questions and Answers

5. Industrial democracy means
  A.  Establishing trade unions for labours
  B.  Nationalisation of industries
  C.  Labour participation in management
  D.  Maharashtra
Answer
Ans: C
Labour participation in management
6. The main security guard of International Trade is
  A.  IMF
  B.  IFC
  C.  World Bank
  D.  WTO
Answer
Ans: D
WTO
7. Which tax is collected by Panchayats?
  A.  Land Revenue
  B.  Sales Tax
  C.  Tax on local fairs
  D.  Custom Duty
Answer
Ans: C
Tax on local fairs
8. Who among the following served as the Chief Economist of the International Monetary Fund?
  A.  Saumitra Chaudhuri
  B.  Raghuram Rajan
  C.  Sumantra Ghoshal
  D.  Ashok Lahiri
Answer
Ans: B
Raghuram Rajan
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