Is Economics an important GK topic for XAT?

Yes, Economics is a relevant and tested topic in the XAT General Knowledge section. It covers basic economic concepts, major economic developments, national economic data, global economic institutions, and important economic policy announcements.

What types of Economics GK questions appear in XAT?

XAT Economics questions may cover topics such as GDP and growth rate figures, inflation and monetary policy decisions, Union Budget highlights, major economic indicators, important economic organisations like IMF and World Bank, and significant economic events both in India and globally.

How can I prepare for Economics GK in XAT?

Candidates should follow economic news and review basic economic concepts. Pay attention to India's economic data (GDP, inflation, fiscal deficit), major central bank decisions, and highlights of the Union Budget. Reading economic summaries and practising economics-based GK MCQs helps in targeted preparation.

Are Economics GK questions difficult in XAT?

Economics GK questions in XAT are of easy to moderate difficulty. Questions on basic economic concepts and major economic indicators are generally accessible, while those requiring specific data or policy knowledge may demand more focused preparation.

How do Cracku's XAT Economics questions help in preparation?

Cracku's XAT Economics questions cover important economic concepts and current economic developments with clear and informative explanations. Regular practice helps candidates build the economic awareness required to handle this topic confidently in the XAT GK section.

XAT Economics Questions

Question 1

According to the venture capital industry, what is a unicorn?

Any start-up that gives a dividend of $1 billion to its shareholders

Any start-up that makes its owner a billionaire

Any start-up that raises $1 billion in venture capital

Any start-up that reaches the valuation of $1 billion

Any start-up that reaches to employ 1000 people

Question 2

What is a grey market?

The trade of a commodity which is recognized as a counterfeit product

The trade of a commodity which is unbranded

The trade of a commodity for which the country of origin is not mentioned

The trade of a commodity for which the taxes are evaded

The trade of a commodity through distribution channels not authorized by themanufacturer

Question 1

Which of the following is not a Cryptocurrency?

Bitcoin

Laxmicoin

Etherium

Paypal

Litecoin

Question 2

What is Showrooming?

An individual browses the sites of e-retailers for products and then ends up purchasing the product from some brick and mortar store.

An individual visiting a brick and mortar store to have a look and feel of the product and then ordering the same product through some e-retailers.

An individual visiting a big box retailer to have a look and feel of the product and then purchasing the same product from nearby kirana (Mom and Pop) store.

An e-retailer using the kirana (Mom and Pop) stores to keep its stock of goods and meets the orders in the nearby localities.

None of the above

Question 3

If a company encourages its employees to use its own products to understand customers’ perception, then the company is engaging in:

Dogfooding

Lionhunting

Moonlighting

Spacetraveling

Bikeriding

Question 1

In the budget Estimates of 2015-2016:

Non-planned expenditure was more than revenue receipts

Revenue receipts were higher than non-planned expenditure

Planned expenditure was higher than Non-planned Expenditure

Fiscal Deficit was lower than Revenue deficit

Total expenditure was 20% higher than total Receipts

Question 1

Which of the following statements is correct about Union Budget 2014?

Current Account Deficit was around 5% of GDP.

Current Account Deficit was around 6.2% of GDP.

Current Account Deficit was around 3.5% of GDP.

Current Account Deficit was around 1.7% of GDP.

Current Account Deficit was around 0.5% of GDP.

Question 2

What is “Qualified Institutional Placement”?

An agency that helps in providing jobs to students

It is business school method of providing jobs

It is a way of starting business in the U.S

It is a way of raising money in India

None of the above

Question 3

Consider the following statements related to Brazil:
i. Brazil’s GDP is higher than Italy’s GDP.
ii. Dilma Rouseff was elected as President of Brazil.
iii. Maracana stadium hosted world cup football final.
iv. Of all of Brazil’s neighbours, Argentina has the longest border.
v. Real is the currency of Brazil.

Which of the following options does not contain false statement (s) related to Brazil?

i, ii, iii, iv

i, ii, iv, v

i, iii, iv, v

i, ii, iii, v

ii, iii, iv, v

Question 4

Which of the following statements is right?

Number of organised labour is more than number of unorganized labour in India.

Number of unorganised labour is more than number of organized labour in India.

Organised labour in India is difficult to count.

Organized and Unorganised labour in India is approximately equal.

There is no unorganized labour in India.

Question 5

As per 2011 census, which is the second most urbanized State in India (in percentage terms)?

Kerala

Mizoram

Gujarat

Tamil Nadu

Punjab

Question 1

The factor that least influences exchange rate fluctuations:

Industrial Production

Investor sentiments

Interest Rates

Consumer Price Index

Goods and Service Tax

Question 2

As per the Constitution, which among the following is not a fundamental right granted to the citizens of India ?

Right to Equality

Right to Freedom

Right Against Exploitation

Right to Property

Right to Freedom of Religion

Question 1

Indian Government is planning to introduce GAAR. What is the purpose of GAAR?

Increase rural Income

Increase agriculture income

Regulatory authority for managingagriculture resources

Regulate foreign investment in agriculture

Curtail tax avoidance

Question 2

Read the following
I.Excise duty is a tax on manufacture or production of goods and services
II.Not all kinds of excise duty is collected by the Central Government of India
III.Excise duty is an indirect tax
Which of the statements given above are correct?

Statements I and II

Statements II and III

Statements I and III

All of the above

None of the above

Question 3

CPI and WPI as acronyms refer to

Political Parties

Purchasing capacity indices

Price Indices

Poverty indices

Unemployment indices

Question 4

Which of the following are millennium development goals?

Poverty eradication, reducing child mortality, reducing trade barriers, combating AIDS

Poverty Reduction, environment sustainability, universal primary education, equal employment

Reduce unemployment, promote diversity,combating malaria, improving maternal health

Globalization, reduction in poverty, combating AIDS, universal primary education

Poverty eradication, improving maternal health, universal primary education, combating AIDS

Question 5

Which of the following was not the reason for the recent slide of Indian Rupee?

Huge trade Deficit

Low Growth and High Inflation

Low Capital Inflow

Burgeoning current account deficit

High employment rate

XAT Economics Questions

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XAT Economics Questions

Frequently Asked Questions

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