Economics GK | Economics Questions and Answers for Competitive Exams

Latest Questions of Economics

31. Which industry employs the largest number of women in India?

a) tea
 b) textile
 c) jute
 d) coal

32. Which of the following is not a cash crop?

a) Jute
 b) groundnut
 c) jowar
 d) sugarcane

33. An economy is at the ‘take off’ stage on its path to development when it

a) becomes stagnant
 b) begins steady growth
 c) is liberalized
 d) gets maximum foreign aid

34. Which among the following treaties provided for a common currency for the member countries of European Community?

a) Brussels Treaty
 b) Geneva Convention
 c) Maastricht Treaty
 d) Treaty of Versailles

35. SEBI stands for

a) Science and Engineering Board of India
 b) Securities and Exchange Board of India
 c) Social Equity Bureau of India
 d) Science and Educational Board of India

36. With which of the following lies the basic regulatory authority for mutual funds and stock markets?

a) Reserve bank of India
 b) Government of India
 c) SEBI
 d) Stock Exchanges

37. With which aspect of commerce are ‘Bulls and Bears’ associated?

a) Foreign Trade
 b) Stock Exchange market
 c) banking
 d) international finance

38. Which of the following is the basic characteristic of Oligopoly?

a) a few sellers, one buyer
 b) a few sellers, many buyers
 c) a few sellers, a few buyers
 d) many sellers, few buyers

39. State Financial Corporations give assistance mainly to develop

a) small and medium scale industries
 b) agricultural farms
 c) cotton industry
 d) large scale industries

40. In which of the following fields was the first co-operative movement in India initiated?

a) agricultural credit
 b) farming activities
 c) consumer co-operation
 d) agricultural marketing