Interesting Economic Questions for Students
If the rate of change in demand for a commodity is more rapid than that of its price, then what will that demand be?
(A) perfectly inelastic
(B) elastic
(C) perfectly elastic
(D) inelastic
Correct Answer : B
Who has the maximum contribution to the national income of India?
(A) Primary sector
(B) Secondary Sector
(C) Tertiary Sector
(D) Equal to all
Correct Answer : C
Which sector has the least contribution in the national income of India?
(A) Primary sector
(B) Secondary Sector
(C) Tertiary Sector
(D) None of these
Correct Answer : B
Which is the government agency responsible for estimating national income in India?
(A) Indian Statistical Organization
(B) Central Statistical Organization
(C) Organization Reserve Bank of India
(D) None of these
Correct Answer : B
Is there a committee related to Public Distribution System?
(A) Sodhani Committee
(B) Malegam Committee
(C) Venugopal Committee
(D) None of these
Correct Answer : C
If an increase in the price of one commodity leads to a decrease in the demand for another commodity, then what will the commodity be called?
(A) competitor
(B) assistant
(C) complimentary
(D) complementary
Correct Answer : C
Which of the following crops is grown in India more than in all the other countries?
(A) Wheat
(B) Cotton
(C) Sugarcane
(D) Rice
Correct Answer : C
Which crop is the maximum agricultural land in India?
(A) Rice
(B) Cotton
(C) Maize
(D) Wheat
Correct Answer : A
The country is the largest producer of coarse cereals in the world.
(A) India
(B) Japan
(C) Russia
(D) China
Correct Answer : A
Which year Foreign Exchange Management Act (FEMA) came into effect?
(A) 1999
(B) 2000
(C) 2002
(D) 2003
Correct Answer : D
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enhttps://www.examsbook.com/interesting-economic-questions/242interesting-economic-questionsAbout author
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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