Indian Economy GK Questions for SSC Exams
The Views of eminent economist Robert Malthus on Population is–
(A) Pessimistic
(B) Optimistic
(C) Both (a) and (b)
(D) None of the above
Correct Answer : A
Explanation :
The Malthusian theory explained that the human population grows more rapidly than the food supply until famines, war or disease reduces the population. He believed that the human population has risen over the past three centuries.
Amartya Sen was awarded the Noble Prize for his contribution to–
(A) Monetary Economics
(B) Welfare Economics
(C) Econometrics
(D) Development Economics
Correct Answer : B
Explanation :
Explain: -For Welfare Economics and Social Choice Theory, Amartya Sen, in 1998 was awarded the Noble Prize. Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. ... The field of welfare economics is associated with two fundamental theorems.
The Surplus earned by a factor other thus land in the short period is referred as –
(A) Economic Rent
(B) Net Rent
(C) Quasi-Rent
(D) Super-Normal Rent
Correct Answer : C
Explanation :
Explain: -The Surplus earned by a factor other than land in the short period is referred as quasi-rent.
According to whom second chamber is unnecessary & bad?
(A) Monkahour
(B) Bentham
(C) Seale
(D) Loosky
Correct Answer : B
With which form of economy is the term ‘Laissez-Faire’ associated?
(A) Capitalist Economy
(B) Socialist Economy
(C) Mixed Economy
(D) Command Economy
Correct Answer : A
Which Department of the Government of India launched ‘One Health’ pilot project in April 2022?
(A) Department of Consumer Affairs
(B) Department of Animal Husbandry and Dairying
(C) Department of Pharmaceuticals
(D) Department of Commerce
Correct Answer : B
“World Bank” is also called as –
(A) International Bank for Reconstruction and development
(B) International, rehabilation and development bank
(C) International rehabilated and development bank
(D) None of these.
Correct Answer : A
Explanation :
The "World Bank" is also referred to as simply the "World Bank." While its full name is the "International Bank for Reconstruction and Development (IBRD)," the term "World Bank" is commonly used to refer to this international financial institution.
The interest in infrastructure is less because.
(A) There is large invest in it
(B) There needs a desired project
(C) Time to finish the infrastructure is more
(D) Profit is gained after long time.
Correct Answer : D
Explanation :
Infrastructure refers to the basic physical and organizational structures, facilities, systems, and services that are necessary for the functioning of a society, economy, or organization. It encompasses a wide range of essential components, including
What will happen if labour productivity is increased?
(A) Balanced cash wage will decrease
(B) Competitive firms will be forced to invest more
(C) Labour demand curve will shift towards right
(D) None of the above.
Correct Answer : C
Explanation :
Explanation:- If there is low marginal labour production, then after giving wages there will be profit from marginal labourer. Ultimately, demand of labour will increase and labour demand curve will shift towards right.
Socialism is successful in achieving because of–
(A) Excess socialistic approach in society
(B) To increase standard of living
(C) Equal distribution of income
(D) None of the above
Correct Answer : A
Explanation :
Explain: -Making social welfare is the success of socialism
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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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