General Economics Questions and Answers
_______ is a type of commodity whose demand increases as its price increases.
(A) Giffen goods
(B) Capital Goods
(C) Club item
(D) Consumer goods
Correct Answer : A
In the year 1854, India's first cotton mill was established as a spinning mill in ____.
(A) Delhi
(B) Bombay
(C) Madras
(D) Calcutta
Correct Answer : B
_____ denotes all those combinations of two goods that a consumer can buy at a given market price and within a particular income level.
(A) Utility line
(B) Supply line
(C) Demand Line
(D) Budget Line
Correct Answer : D
A savings fund in which both the employer and the employee regularly contribute their share in the interest of the employee is called :
(A) Index Fund
(B) Mutual Fund
(C) Provident Fund
(D) Balanced Fund
Correct Answer : C
India has stated it aims to reduce the emissions intensity of its GDP by 33-35% by 2030 from 2005 levels and achieve _______________ of its cumulative electric power of around 350GW installed capacity from non-fossil fuel-based energy resources, mainly renewable power.
(A) 20%
(B) 40%
(C) 50%
(D) 30%
(E) 10%
Correct Answer : B
Explanation :
India has said it aims to reduce the emissions intensity of its GDP by 33-35% by 2030 from 2005 levels, and achieve 40% of its cumulative electric power of around 350GW installed capacity from non-fossil fuel-based energy resources, mainly renewable power.
Which of the following ministry has Launched Mobile Application “ Jan Dhan Darshak” as A Part of Financial Inclusion?
(A) Finance Ministry
(B) Ministry of Consumer Affairs, Food and Public Distribution
(C) Ministry of Human Resource Development
(D) Ministry of Parliamentary Affairs
(E) Ministry of Commerce and Industry
Correct Answer : A
Explanation :
Department of Financial Services (DFS), Ministry of Finance and National Informatics Centre (NIC) has jointly developed a mobile app called Jan Dhan Darshak as a part of financial inclusion (FI) initiative .
With reference to the banking system of India, what is the full form of NEFT?
(A) National Equity Finance Transaction
(B) National Equity Funds Transaction
(C) National Electronic Finance Transfer
(D) National Electronic Funds Transfer
Correct Answer : D
Dhirubhai Ambani Solar Park is a 40-megawatt (MW AC) photovoltaic power station in-
(A) Rajasthan
(B) Gujarat
(C) Maharashtra
(D) Kerala
(E) West Bengal
Correct Answer : A
Explanation :
The Dhirubhai Ambani Solar Park at Dhursar village near Pokhran in the Jaisalmer district of Rajasthan is a 40 megawatt (MWAC) photovoltaic power station, set up in 129 days and commissioned in 2012.
For economists, _____ means the quantity of a product or service that people are both willing and able to buy.
(A) Demand
(B) Supply
(C) Price
(D) Income
Correct Answer : A
What is the full name of IPO in Economics?
(A) Inclusive Property Offer
(B) Initial Public Offering
(C) Indented Performance Objective
(D) Inventory Performance Output
Correct Answer : B
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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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