Get Started

Economics GK | Economics Questions and Answers for Competitive Exams

Last year 273.9K Views
Q :  

There is mostly unemployment in India?

(A) cyclic

(B) Structural

(C) Technology

(D) Frictional

Correct Answer : B

Q :  

India has the highest agricultural area for which of the following crops?

(A) Wheat

(B) Cotton

(C) Pulses

(D) Rice

Correct Answer : D

Q :  

In which year did the United Nations set the principles for the rights and protection of the consumer?

(A) 1985

(B) 1990

(C) 2005

(D) 2010

Correct Answer : A

Q :  

When did the New Economic Policy Program on Economic Reforms begin?

(A) July, 1980

(B) July 1992

(C) July 1991

(D) July 1995

Correct Answer : C

Q :  

Who prepared the first estimate of national income for the country?

(A) Central Statistical Organization

(B) National Sample Survey Organization

(C) National Income Committee

(D) Dadabhai Naoroji

Correct Answer : D

Q :  

Which state has the highest Human Development Index (HDI) in India?

(A) Gujarat

(B) Kerala

(C) Tamil Nadu

(D) Maharashtra

Correct Answer : B

Q :  

What percentage of the agricultural industry contributes to the gross profit from national income?

(A) 18%

(B) 17.9%

(C) 20%

(D) Others

Correct Answer : A
Explanation :

Agriculture is the most important sector of Indian Economy. Indian agriculture sector accounts for 18 per cent of India's gross domestic product (GDP) and provides employment to 50% of the countries workforce.


Q :  

Which fruit has the largest area under agriculture in India?

(A) Banana

(B) Jackfruit

(C) Lychee

(D) Mango

Correct Answer : D

Q :  

In which year Foreign Exchange Management Act (FEMA) came into effect?

(A) 1999

(B) 2000

(C) 2002

(D) 2003

Correct Answer : D

Q :  

Do the poor save more than the rich?

(A) Relatively large portion of their income

(B) his entire income

(C) a relatively small portion of their income

(D) equal share of his income

Correct Answer : C

Related categories

Very important related articles. Read now

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today