Economics GK Practice Question and Answer

Q:

Which of the following Indian states is a victim of poverty?

1293 0

  • 1
    Bihar
    Correct
    Wrong
  • 2
    Kerala
    Correct
    Wrong
  • 3
    Karnataka
    Correct
    Wrong
  • 4
    Haryana
    Correct
    Wrong
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Answer : 1. "Bihar"

Q:

Which form of currency is more prevalent nowadays?

1143 0

  • 1
    Metallic money
    Correct
    Wrong
  • 2
    letter money
    Correct
    Wrong
  • 3
    Coins
    Correct
    Wrong
  • 4
    All of these
    Correct
    Wrong
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Answer : 2. "letter money"

Q:

Which of the following guarantees the purity of food items?

1464 0

  • 1
    Hallmark
    Correct
    Wrong
  • 2
    Agmark
    Correct
    Wrong
  • 3
    Bullmark
    Correct
    Wrong
  • 4
    ISI mark
    Correct
    Wrong
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Answer : 2. "Agmark"

Q: Portion of deposits banks have to park with RBI is called ___? 2480 0

  • 1
    Statutory Reserve Ratio
    Correct
    Wrong
  • 2
    Capital Adequacy Ratio
    Correct
    Wrong
  • 3
    Cash Reserve Ratio
    Correct
    Wrong
  • 4
    CASA Ratio
    Correct
    Wrong
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Answer : 3. "Cash Reserve Ratio"

Q:

Committee related to industrial sickness?

1502 0

  • 1
    Goswami Committee
    Correct
    Wrong
  • 2
    Tiwari Committee
    Correct
    Wrong
  • 3
    Both of the above
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Both of the above"

Q:

Which of the following is not included in the national income?

4780 0

  • 1
    win the lottery
    Correct
    Wrong
  • 2
    Government expenditure incurred on construction of new bridges
    Correct
    Wrong
  • 3
    Charged rent of houses in owner's possession
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "win the lottery"

Q:

Who suggested to recover from the terrible economic slowdown of Teesa?

1186 0

  • 1
    Prof. Cannes
    Correct
    Wrong
  • 2
    Malthus
    Correct
    Wrong
  • 3
    Amartya Sen
    Correct
    Wrong
  • 4
    Dada Bhai Naoroji
    Correct
    Wrong
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Answer : 1. "Prof. Cannes"

Q:

Which two states of India are the leading producers of mineral oil?

748 0

  • 1
    Rajasthan and Gujarat
    Correct
    Wrong
  • 2
    Maharashtra and Goa
    Correct
    Wrong
  • 3
    Orissa and Bihar
    Correct
    Wrong
  • 4
    Assam and Gujarat
    Correct
    Wrong
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Answer : 4. "Assam and Gujarat"

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