Latest Indian Economics GK Questions
_____ is the primary sector of the Indian economy.
(A) Banking
(B) Information and Technology
(C) Agriculture
(D) Judiciary
Correct Answer : C
Who among the following formulates the monetary policy in India?
(A) Finance Commission of India
(B) Reserve Bank of India
(C) NITI Aayog
(D) The Ministry of Statistics and Programme Implementation
Correct Answer : B
Which of the following is not a state tax?
(A) Wealth Tax
(B) Excise duty on liquor
(C) Sales Tax
(D) Professional Tax
Correct Answer : A
Which is one of the factors of subsistence used to measure the Poverty Line in India?
(A) Equality
(B) Education
(C) Internet
(D) Transportation
Correct Answer : B
Cause of Inflation is -
(A) Increase in money supply
(B) Fall in production
(C) Increases in money supply and fall in production
(D) Decrease in money supply and fall in production
Correct Answer : C
National Insurance Awareness Day was observed on which day?
(A) 26 June
(B) 27 June
(C) 28 June
(D) 29 June
Correct Answer : C
Which is the most essential function of an entrepreneur?
(A) Marketing
(B) Risk bearing
(C) Supervision
(D) Management
Correct Answer : B
Which of the following is a better measurement of Economic Development?
(A) NNP
(B) Per capita income
(C) GDP
(D) Disposable income
Correct Answer : A
Inflation in India is measured on which of the following indexes / indicators?
(A) Gross Domestic Product (GDP)
(B) Wholesale Price Index (WPI)
(C) Cost of Living Index (CLI)
(D) Consumer Price Index (CPI)
Correct Answer : B
According to law of supply, if everything is equal then an increase in price results in ________.
(A) Decrease in quantity supplied
(B) Increase in quantity supplied
(C) Decrease in quantity demanded
(D) Increase in quantity demanded
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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