Economics GK | Economics Questions and Answers for Competitive Exams
There is mostly unemployment in India?
(A) cyclic
(B) Structural
(C) Technology
(D) Frictional
Correct Answer : B
India has the highest agricultural area for which of the following crops?
(A) Wheat
(B) Cotton
(C) Pulses
(D) Rice
Correct Answer : D
In which year did the United Nations set the principles for the rights and protection of the consumer?
(A) 1985
(B) 1990
(C) 2005
(D) 2010
Correct Answer : A
When did the New Economic Policy Program on Economic Reforms begin?
(A) July, 1980
(B) July 1992
(C) July 1991
(D) July 1995
Correct Answer : C
Who prepared the first estimate of national income for the country?
(A) Central Statistical Organization
(B) National Sample Survey Organization
(C) National Income Committee
(D) Dadabhai Naoroji
Correct Answer : D
Which state has the highest Human Development Index (HDI) in India?
(A) Gujarat
(B) Kerala
(C) Tamil Nadu
(D) Maharashtra
Correct Answer : B
What percentage of the agricultural industry contributes to the gross profit from national income?
(A) 18%
(B) 17.9%
(C) 20%
(D) Others
Correct Answer : A
Explanation :
Agriculture is the most important sector of Indian Economy. Indian agriculture sector accounts for 18 per cent of India's gross domestic product (GDP) and provides employment to 50% of the countries workforce.
Which fruit has the largest area under agriculture in India?
(A) Banana
(B) Jackfruit
(C) Lychee
(D) Mango
Correct Answer : D
In which year Foreign Exchange Management Act (FEMA) came into effect?
(A) 1999
(B) 2000
(C) 2002
(D) 2003
Correct Answer : D
Do the poor save more than the rich?
(A) Relatively large portion of their income
(B) his entire income
(C) a relatively small portion of their income
(D) equal share of his income
Correct Answer : C
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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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