Economics GK Quiz Questions and Answers

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Economics GK Quiz Questions and Answers
Q :  

Which state is the largest producer of soybean in India?

(A) Uttar Pradesh

(B) Rajasthan

(C) Madhya Pradesh

(D) Bihar


Correct Answer : C

Q :  

Second Green Revolution will be related to?

(A) production of wheat

(B) production of rice

(C) using biotechnology

(D) high yielding seeds


Correct Answer : C

Q :  

What is the determinant of minimum support price?

(A) Agricultural Costs and Prices Commission

(B) Indian Council of Agricultural Research

(C) State Government

(D) none of these


Correct Answer : A

Q :  

Does the federal budget receive maximum income from?

(A) income tax

(B) Corporate tax

(C) Excise duty

(D) Custom Duty


Correct Answer : C

Q :  

Zero-based budgeting technology was adopted for the first time in India in which state?

(A) Andhra Pradesh

(B) Kerala

(C) Tamil Nadu

(D) Karnataka


Correct Answer : A

Q :  

Which type of chemical fertilizer is consumed the most in India?

(A) Nitrogenous

(B) equal to all three

(C) potashic

(D) Phosphatic


Correct Answer : A

Q :  

When was the Intensive Animal Development Program (ICDP) launched with the aim of increasing milk production in the country?

(A) 1964-65

(B) 1965-66

(C) 1966-67

(D) 1956


Correct Answer : A

Q :  

Bharat Nirman Yojana is related to?

(A) Settlement development

(B) Food grains from family welfare program

(C) production self-reliance

(D) none of these


Correct Answer : A

Q :  

The year in which the first industrial policy of independent India was announced was?

(A) 1947

(B) 1948

(C) 1951

(D) 1956


Correct Answer : B
Explanation :

Industrial Policy – 1948. After having attained independence, the Government of India declared its first Industrial Policy on 6th April, 1948. The Industrial Policy 1948 was presented in the parliament by then Industry Minister Dr. Shyama Prasad Mukherjee.


Q :  

When was the Steel Authority of India Limited established?

(A) 1954

(B) 1964

(C) 1974

(D) 1984


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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