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Economics GK Questions and Answers

3 years ago 5.5K Views
Q :  

Which is the third area of economic development?

(A) Service Sector

(B) Science field

(C) Education Sector

(D) Agricultural sector

Correct Answer : A

Q :  

The National Rural Employment Guarantee Scheme is named after which great man?

(A) Rajiv Gandhi

(B) Mahatma Gandhi

(C) Indira Gandhi

(D) Jawaharlal Nehru

Correct Answer : B

Q :  

___________ unemployment happens when people are not able to find jobs during some months of the year.

(A) Disguised

(B) Educated

(C) Seasonal

(D) None of the above

Correct Answer : C

Q :  

Raw materials and money in hand are called _____.

(A) Human capital

(B) Working capital

(C) Factors of production

(D) None of the above

Correct Answer : B

Q :  

The Micro, Small and Medium Enterprises Development Act was passed in the year ____.    

(A) 2002

(B) 2006

(C) 2004

(D) 2008

Correct Answer : B
Explanation :

Notification for enforcement of MSME Act, 2006, The Provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) shall come into force from 2nd October, 2006.


Q :  

Which factor is mainly responsible for increase in demand of natural resources?

(A) Scientific advancement

(B) Use of biodegradable chemicals

(C) Increasing human population

(D) Environmental pollution

Correct Answer : C
Explanation :

The correct answer is Increased human population. As the human population is increasing at an astounding rate, we have reached a number of 7.4 billion today. Naturally, this means that we are utilizing more and more natural resources.


   

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