Economics GK Questions and Answers for Competitive Exams
Information, education and knowledge have become universal after the advent of which modern machine?
(A) Mobile phone
(B) Calculator
(C) Computer
(D) None of these
Correct Answer : C
Which state has the highest Human Development Index (HDI) in India?
(A) Gujarat
(B) Kerala
(C) Tamil Nadu
(D) Maharashtra
Correct Answer : B
Which country ranks first on the basis of capita on GDP?
(A) Luxembourg
(B) United States
(C) Qatar
(D) Others
Correct Answer : C
(A) TamilNadu
(B) Maharashatra
(C) Kerala
(D) Mumbai
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
India is the major importer?
(A) Pulses
(B) Oilseeds
(C) Both of these
(D) None of these
Correct Answer : C
In which year Foreign Exchange Management Act (FEMA) came into effect?
(A) 1999
(B) 2000
(C) 2002
(D) 2003
Correct Answer : D
Where does commercial magazine commerce come from?
(A) New Delhi
(B) Kolkata
(C) New York
(D) Mumbai
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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