Economics GK Practice Question and Answer

Q:

Bombay Stock Exchange is the ______ stock exchange of Asia.

275 0

  • 1
    First
    Correct
    Wrong
  • 2
    second
    Correct
    Wrong
  • 3
    fourth
    Correct
    Wrong
  • 4
    third
    Correct
    Wrong
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Answer : 1. "First"
Explanation :

1. Bombay Stock Exchange is the oldest stock exchange in Asia, and also the tenth oldest stock exchange in the world.

2. The Bombay Stock Exchange became the first stock exchange in India to issue commodity derivative contracts in gold and silver.

Q:

In which of the following years was the Reserve Bank of India nationalised?

511 0

  • 1
    1935
    Correct
    Wrong
  • 2
    1949
    Correct
    Wrong
  • 3
    1927
    Correct
    Wrong
  • 4
    1965
    Correct
    Wrong
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Answer : 2. "1949"

Q:

What is the total stock of money in circulation among the public at a particular point of time called? 

460 0

  • 1
    Money order
    Correct
    Wrong
  • 2
    Money supply
    Correct
    Wrong
  • 3
    Short money
    Correct
    Wrong
  • 4
    Money laundering
    Correct
    Wrong
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Answer : 2. "Money supply "

Q:

A type of unemployment in rural areas when people are not able to find jobs during some months of the year is called ______. 

437 0

  • 1
    educated unemployment
    Correct
    Wrong
  • 2
    disguised unemployment
    Correct
    Wrong
  • 3
    frictional unemployment
    Correct
    Wrong
  • 4
    seasonal unemployment
    Correct
    Wrong
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Answer : 4. "seasonal unemployment"

Q:

A form of financial service which provides small loans and other financial services to poor and low-income households is called ______. 

427 0

  • 1
    microfinance
    Correct
    Wrong
  • 2
    commercial mortgage
    Correct
    Wrong
  • 3
    invoice financing
    Correct
    Wrong
  • 4
    personal finance
    Correct
    Wrong
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Answer : 1. " microfinance "

Q:

What is called by the government to abolish the old currency and move to the new currency?

793 0

  • 1
    Demonetization
    Correct
    Wrong
  • 2
    devaluation
    Correct
    Wrong
  • 3
    Currency contraction
    Correct
    Wrong
  • 4
    All these
    Correct
    Wrong
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Answer : 1. "Demonetization"

Q:

Which state of India has the highest percentage of poor?

791 0

  • 1
    Orissa
    Correct
    Wrong
  • 2
    Vihar
    Correct
    Wrong
  • 3
    Jharkhand
    Correct
    Wrong
  • 4
    Chhattisgarh
    Correct
    Wrong
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Answer : 3. "Jharkhand"

Q:

Average Revenue means

586 0

  • 1
    the revenue per unit of commodity sold
    Correct
    Wrong
  • 2
    the revenue from all commodities sold
    Correct
    Wrong
  • 3
    the profit realised from the marginal unit sold
    Correct
    Wrong
  • 4
    the profit realised by sale of all commodities
    Correct
    Wrong
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Answer : 1. "the revenue per unit of commodity sold"

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