Economics GK Practice Question and Answer
8 Q: In which country was the consumer awareness movement started?
656 0603766bf24cd273bc4f51115
603766bf24cd273bc4f51115- 1Chinafalse
- 2Japanfalse
- 3Englandtrue
- 4United Statesfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "England"
Q: Who assesses the national income numbers in India?
653 06052f37c528a962d2e41a137
6052f37c528a962d2e41a137- 1Planning Commission Ministry of Financefalse
- 2Central Statistical Organizationtrue
- 3Reserve Bank of Indiafalse
- 4Reserve Bank of Indiafalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Central Statistical Organization"
Q: When was the Industrial and Financial Exchange Board established?
642 060d3159e1cefce3a61b2644d
60d3159e1cefce3a61b2644d- 11945false
- 21955false
- 31992true
- 41995false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "1992"
Q: Which of the following is considered a capital expense?
639 064c3960f29beb3482a3bcc49
64c3960f29beb3482a3bcc49- 1Pensionfalse
- 2Payment of salariesfalse
- 3Subsidiesfalse
- 4Construction of school buildingstrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Construction of school buildings"
Explanation :
1. Capital expenditure is money spent by the government on the development of machinery, equipment, buildings, health facilities, education etc.
2. It also includes expenditure by the government on the acquisition of fixed assets like land and investments which give future profits or dividends.
3. Creation of assets as well as repayment of loans is also capital expenditure, as it reduces liability.
Q: Which of the following is considered as the main determinant of real wages?
636 060d3127f1cefce3a61b2567b
60d3127f1cefce3a61b2567b- 1purchasing power of moneytrue
- 2Nature of workfalse
- 3additional incomefalse
- 4none of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "purchasing power of money"
Q: 'Poot determines his own demand' - Whose statement is this?
623 062c3fbf3a00ee61c312c307b
62c3fbf3a00ee61c312c307b- 1Adam Smithfalse
- 2J. B. Se.true
- 3Marshalfalse
- 4Ricardofalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "J. B. Se."
Q: In view of which of the following are cottage and small scale industries necessary in the Indian economy?
621 060d3155c64466567bd7557ae
60d3155c64466567bd7557ae- 1employment generationtrue
- 2Income Generationfalse
- 3low costfalse
- 4none of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "employment generation"
Q: The Reserve Bank of India has an accounting year?
618 06088fae49f98193d2deb2a9e
6088fae49f98193d2deb2a9e- 1October - Septemberfalse
- 2April-Marchtrue
- 3July-Junefalse
- 4None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice