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Economics GK Quiz Questions

3 years ago 7.7K Views
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 :  

Which state has wet agriculture in India?

(A) Kerala

(B) Assam

(C) Bihar

(D) Gujarat

Correct Answer : A

Q :  

The basic characteristic of a capitalistic economy is–

(A) absence of monopoly

(B) large-scale production in primary industries

(C) full employment

(D) the private ownership of the means of production

Correct Answer : D

Q :  

Which one of the following taxes is not a direct tax?

(A) Sales tax

(B) Estate duty

(C) Gift tax

(D) Wealth tax

Correct Answer : A

Q :  

UNDP prepares–

(A) Human Development Index

(B) Standard of Living Index

(C) Index Number of Price Level

(D) Physical Quality Index

Correct Answer : A

Q :  

Fiscal policy refers to–

(A) Government borrowings from abroad

(B) Sharing of its revenue by Central Government with States

(C) Sale and purchase of securities by RBI

(D) Government taxes, expenditure and borrowings

Correct Answer : D

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