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Top 50 Indian Economics GK Questions

2 years ago 5.2K Views
Q :  

The gradation and standardization of agricultural products are conducted through

(A) Food Corporation of India

(B) Directorate of Marketing and Inspection

(C) Indian Standards Institution

(D) Central Statistical Organization

Correct Answer : B

Q :  

Which of the statements is correct about India's national income?    

(A) Percentage share of agriculture is higher than services

(B) Percentage share of industry is higher than agriculture

(C) Percentage share of services is higher than industry

(D) Percentage share of services is higher than agriculture and industry put together

Correct Answer : D

Q :  

Which three indicators are used in the Human Development Index (HDI)?

I. Standard of living

II. Education

III. Life expectancy

IV. Condition of environment


(A) Only I, II & IV

(B) Only I, II, & III

(C) Only I & II

(D) All of the above

Correct Answer : B

Q :  On which great mahatma's name is "National Rural Employment Guarantee Scheme?"

(A) Rajeev Gandhi

(B) Mahatama Gandhi

(C) Indira Gandhi

(D) Jawahar Lal Nehru

Correct Answer : B
Explanation :

The Government of India passed the Mahatma Gandhi National Rural Employment Guarantee Act, 2005 in September, 2005. The Act gives legal guarantee of a hundred days of wage employment in a financial year to adult members of a rural household who demand employment and are willing to do unskilled manual work.


Q :  

The Economic development depends on-

(A) Natural resources

(B) Capital formation

(C) Size of the market

(D) All of these

Correct Answer : D

Q :  

The study of factor pricing is alternatively called the theory of 

(A) functional distribution

(B) personal distribution

(C) Income distribution

(D) wealth distribution

Correct Answer : A

Q :  

When the price of a commodity falls, we can expect:

(A) The supply of it to increase

(B) The demand for it to fall

(C) The demand for it to stay constant

(D) The demand for it to increase

Correct Answer : D

Q :  

Economic survey is published by 

(A) Ministry of Finance

(B) Planning commission

(C) Government of India

(D) Indian Statistical Institute

Correct Answer : A

Q :  

Short-term finance is usually for a period ranging up to how many month?

(A) 5 months

(B) 10 months

(C) 12 months

(D) 8 months

Correct Answer : C

Q :  The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called?

(A) FDI

(B) Portfolio Investment

(C) NRI Investment

(D) Foreign Indirect Investment

Correct Answer : D

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