Economics General Knowledge Quiz Questions
Who is known as the father of Blue Revolution in India?
(A) Verghese Kurien
(B) Sam Pitroda
(C) Hiralal Chaudhuri
(D) M.S. Swaminathan
Correct Answer : C
Explanation :
Hiralal Chaudhuri and Dr. Arun Krishnsnan are known as Father of Blue revolution. The Blue Revolution in India was launched during the 7th Five Year Plan (1985-1990) during the sponsorship of the Fish Farmers Development Agency (FFDA) by the Central Government of India.
What is the contribution of agriculture sector in GDP of India in 2017-18?
(A) 0.154
(B) 0.192
(C) 0.16
(D) 0.171
Correct Answer : D
The financial year in the Indian economy runs from ______.
(A) 1 January to 31 May
(B) 1 April to 30 June
(C) 1 June to 31 March
(D) 1 April to 31 March
Correct Answer : D
Which Department of the Government of India launched ‘One Health’ pilot project in April 2022?
(A) Department of Consumer Affairs
(B) Department of Animal Husbandry and Dairying
(C) Department of Pharmaceuticals
(D) Department of Commerce
Correct Answer : B
Who among the following promotes social justice?
(A) Herald Laski
(B) John Keynes
(C) John Rowles
(D) All of the above
Correct Answer : C
With which form of economy is the term ‘Laissez-Faire’ associated?
(A) Capitalist Economy
(B) Socialist Economy
(C) Mixed Economy
(D) Command Economy
Correct Answer : A
Which of the following statements is correct?
(A) Most workers will work for less than their reservation wage
(B) The reservation wage is the maximum amount of any firm will pay for a worker
(C) Economic rent is the difference between the market wage and the reservation wage
(D) Economic rent is the amount one must pay to enter a desirable labour market
Correct Answer : C
According to whom second chamber is unnecessary & bad?
(A) Monkahour
(B) Bentham
(C) Seale
(D) Loosky
Correct Answer : B
Which among the following is not true about the work of Human Resource and Development (HRD)–
(A) Caste – System
(B) Youth and Sport
(C) Education
(D) Child Development
Correct Answer : A
The Views of eminent economist Robert Malthus on Population is–
(A) Pessimistic
(B) Optimistic
(C) Both (a) and (b)
(D) None of the above
Correct Answer : A
Explanation :
The Malthusian theory explained that the human population grows more rapidly than the food supply until famines, war or disease reduces the population. He believed that the human population has risen over the past three centuries.
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Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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