Economics GK Quiz Questions
India has the highest agricultural area for which of the following crops?
(A) Wheat
(B) Cotton
(C) Pulses
(D) Rice
Correct Answer : D
Which state has wet agriculture in India?
(A) Kerala
(B) Assam
(C) Bihar
(D) Gujarat
Correct Answer : A
The basic characteristic of a capitalistic economy is–
(A) absence of monopoly
(B) large-scale production in primary industries
(C) full employment
(D) the private ownership of the means of production
Correct Answer : D
Which one of the following taxes is not a direct tax?
(A) Sales tax
(B) Estate duty
(C) Gift tax
(D) Wealth tax
Correct Answer : A
UNDP prepares–
(A) Human Development Index
(B) Standard of Living Index
(C) Index Number of Price Level
(D) Physical Quality Index
Correct Answer : A
Fiscal policy refers to–
(A) Government borrowings from abroad
(B) Sharing of its revenue by Central Government with States
(C) Sale and purchase of securities by RBI
(D) Government taxes, expenditure and borrowings
Correct Answer : D
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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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