Indian Economics General Knowledge Questions and Answers
This personality is known as the Father of Economics. Can you identify him from the given options?
(A) J.M. Keynes
(B) Adam Smith
(C) Abraham Maslow
(D) J.K. Galbraith
Correct Answer : B
Which Indian state has the least literacy rate?
(A) Bihar
(B) Rajasthan
(C) Arunachal Pradesh
(D) Orissa
Correct Answer : A
If Reserve Bank of India reduces the cash reserve ratio, it will :
(A) increase credit creation
(B) decrease credit creation
(C) have no impact on credit creation
(D) have no definite impact on credit creation
Correct Answer : A
In a cut motion, when the amount of demand is reduced by Rs 100/- , it is known as
(A) Disapproval of policy cut
(B) Economy cut
(C) Vote on Account
(D) Token cut
Correct Answer : D
Subsidies mean that is
(A) payment by government for purchase of goods and services
(B) payment made by business enterprises to factors of production
(C) payment made by companies to shareholders
(D) payment made by the government to business enterprises, without buying any goods and services
Correct Answer : D
What does the Lorenz Curve indicate?
(A) Relationship between the price of a certain commodity and its demand
(B) Income distribution
(C) Rate of employment
(D) Taxable income elasticity
Correct Answer : B
Foreign currency which has a tendency of quick migration is called -
(A) Gold currency
(B) Hot currency
(C) Scarce currency
(D) Soft currency
Correct Answer : B
An area which supports the economy and export trade of a sea port is called its ______.
(A) Trade land
(B) Hinter land
(C) Import land
(D) Export land
Correct Answer : B
Process making of bricks by using soil comes under which sector of economic activity?
(A) Tertiary sector
(B) Primary sector
(C) Secondary sector
(D) None of these
Correct Answer : C
Which curve shows the inverse relationship between unemployment and inflation rates?
(A) Phillips curve
(B) Indifference curve
(C) IS curve
(D) Supply curve
Correct Answer : A
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Rajesh Bhatia
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