Indian Economics General Knowledge Questions and Answers
Purchasing Power Parity theory is related with
(A) Wage rate
(B) Exchange rate
(C) Interest rate
(D) Bank rate
Correct Answer : B
Which is the most essential function of an entrepreneur?
(A) Marketing
(B) Risk bearing
(C) Supervision
(D) Management
Correct Answer : B
Knowledge, technical skill, education etc. in economics, are regarded as
(A) tangible physical capital
(B) working capital
(C) social-overhead capital
(D) human capital
Correct Answer : D
Excise duty on a commodity is payable with reference to its
(A) production , transportation and sale
(B) production
(C) production and sale
(D) production and transportation
Correct Answer : B
Which of the following monetary policy instruments is used by the RBI to control inflation?
(A) Fiscal traction
(B) Austerity measures
(C) Repo rate
(D) Fiscal boost
Correct Answer : C
(A) TamilNadu
(B) Maharashatra
(C) Kerala
(D) Mumbai
Correct Answer : B
How much of India's population is dependent on agricultural industry?
(A) 60%
(B) 70%
(C) 58.9%
(D) Others
Correct Answer : C
What percentage of the agricultural industry contributes to the gross profit from national income?
(A) 18%
(B) 17.9%
(C) 20%
(D) Others
Correct Answer : A
Explanation :
Agriculture is the most important sector of Indian Economy. Indian agriculture sector accounts for 18 per cent of India's gross domestic product (GDP) and provides employment to 50% of the countries workforce.
India is ranked on the basis of GDP?
(A) 5
(B) 3
(C) 7
(D) 13
Correct Answer : C
India is ranked on the basis of ppp (Purchasing Power Parity)?
(A) 4
(B) 9
(C) 7
(D) 3
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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