Economics GK Questions and Answers
Which is the third area of economic development?
(A) Service Sector
(B) Science field
(C) Education Sector
(D) Agricultural sector
Correct Answer : A
The National Rural Employment Guarantee Scheme is named after which great man?
(A) Rajiv Gandhi
(B) Mahatma Gandhi
(C) Indira Gandhi
(D) Jawaharlal Nehru
Correct Answer : B
___________ unemployment happens when people are not able to find jobs during some months of the year.
(A) Disguised
(B) Educated
(C) Seasonal
(D) None of the above
Correct Answer : C
Raw materials and money in hand are called _____.
(A) Human capital
(B) Working capital
(C) Factors of production
(D) None of the above
Correct Answer : B
The Micro, Small and Medium Enterprises Development Act was passed in the year ____.
(A) 2002
(B) 2006
(C) 2004
(D) 2008
Correct Answer : B
Explanation :
Notification for enforcement of MSME Act, 2006, The Provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) shall come into force from 2nd October, 2006.
Which factor is mainly responsible for increase in demand of natural resources?
(A) Scientific advancement
(B) Use of biodegradable chemicals
(C) Increasing human population
(D) Environmental pollution
Correct Answer : C
Explanation :
The correct answer is Increased human population. As the human population is increasing at an astounding rate, we have reached a number of 7.4 billion today. Naturally, this means that we are utilizing more and more natural resources.
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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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