Economics GK Practice Question and Answer

Q:

When was the Industrial and Financial Exchange Board established?

671 0

  • 1
    1945
    Correct
    Wrong
  • 2
    1955
    Correct
    Wrong
  • 3
    1992
    Correct
    Wrong
  • 4
    1995
    Correct
    Wrong
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Answer : 3. "1992"

Q:

In view of which of the following are cottage and small scale industries necessary in the Indian economy?

651 0

  • 1
    employment generation
    Correct
    Wrong
  • 2
    Income Generation
    Correct
    Wrong
  • 3
    low cost
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "employment generation"

Q:

Which of the following is the most dynamic factor of production?

824 0

  • 1
    Capital
    Correct
    Wrong
  • 2
    Organization
    Correct
    Wrong
  • 3
    land
    Correct
    Wrong
  • 4
    Labor
    Correct
    Wrong
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Answer : 1. "Capital"

Q:

What is considered to be knowledge, technical skill, education etc. in the economy?

621 0

  • 1
    Tangible physical capital
    Correct
    Wrong
  • 2
    Working Capital
    Correct
    Wrong
  • 3
    Human Capital
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 3. "Human Capital"

Q:

What is the relationship between the value of money and the price level in an economy?

619 0

  • 1
    stable
    Correct
    Wrong
  • 2
    inverse
    Correct
    Wrong
  • 3
    Anulom
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 2. "inverse"

Q:

In which year NABARD was established?

889 0

  • 1
    1935
    Correct
    Wrong
  • 2
    1991
    Correct
    Wrong
  • 3
    1976
    Correct
    Wrong
  • 4
    1982
    Correct
    Wrong
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Answer : 4. "1982"

Q:

In which year the new currency Euro was introduced?

788 0

  • 1
    1997
    Correct
    Wrong
  • 2
    1998
    Correct
    Wrong
  • 3
    1999
    Correct
    Wrong
  • 4
    2001
    Correct
    Wrong
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Answer : 3. "1999"

Q:

Which of the following is considered as the main determinant of real wages?

658 0

  • 1
    purchasing power of money
    Correct
    Wrong
  • 2
    Nature of work
    Correct
    Wrong
  • 3
    additional income
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "purchasing power of money"

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