Economics GK Questions Practice Question and Answer
8 Q: Which is the most popular means of providing non institutional finance?
1355 05fc229f84f2f6c622bf429d3
5fc229f84f2f6c622bf429d3- 1Country Bankerfalse
- 2Mahajantrue
- 3Merchantfalse
- 4Co-operative bankfalse
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Answer : 2. "Mahajan"
Q: Which of the following industries has the highest labor force in India?
1337 05efbf5c3196e681f76e96f43
5efbf5c3196e681f76e96f43- 1Cement Industryfalse
- 2textile industrytrue
- 3Jute Industryfalse
- 4Iron-steel industryfalse
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Answer : 2. "textile industry"
Explanation :
In 2021, 43.96 percent of the workforce in India were employed in agriculture, while the other half was almost evenly distributed among the two other sectors, industry and services. While the share of Indians working in agriculture is declining, it is still the main sector of employment.
Q: India's largest mineral-oil field is?
1311 05efbf817d7fe817321ad34bd
5efbf817d7fe817321ad34bd- 1Cauvery Basinfalse
- 2Kutch Basinfalse
- 3Assam Regionfalse
- 4Bombay Offshore Areatrue
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Answer : 4. "Bombay Offshore Area"
Q: The Cooperative Planning Committee was formed under whose leadership?
1266 05fc2294f4f2f6c622bf4243e
5fc2294f4f2f6c622bf4243e- 1R. G. Saraiyatrue
- 2Meclaganfalse
- 3Horeshfalse
- 4Chelmsfordfalse
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Answer : 1. "R. G. Saraiya"
Q: Which of the following is popular as plastic currency?
1265 05fc2280b4f2f6c622bf41efb
5fc2280b4f2f6c622bf41efb- 1A. Tmtrue
- 2paper notefalse
- 3Checkfalse
- 4Draftfalse
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Answer : 1. "A. Tm"
Q: Which of the following are not functions of currency?
1231 05fc218a456860473cc61425e
5fc218a456860473cc61425e- 1Mediumfalse
- 2Measurementfalse
- 3Paymentfalse
- 4Writing and editingtrue
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Answer : 4. "Writing and editing"
Q: Whose Arthashastra was composed?
1196 05fc217014f2f6c622bf3a11a
5fc217014f2f6c622bf3a11a- 1Chandraguptafalse
- 2Maurya Alexanderfalse
- 3Chanakyatrue
- 4None of thesefalse
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Answer : 3. "Chanakya"
Q: Which of the following will cause property prices to fall?
1136 05efbf6a10a52267797b6afba
5efbf6a10a52267797b6afba- 1More liquidity in the economyfalse
- 2Reduction in reverse repo rate by RBIfalse
- 3Increase in reverse repo rate by RBIfalse
- 4Demand and Supplytrue
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Answer : 4. "Demand and Supply"
Explanation :
Demand and Supply: For any given area, demand in the real estate will always be inversely proportional to supply. If there is a decrease in supply, prices will obviously go up for the existing projects. With an overall increase in the number of unsold housing projects, prices will go down for each one of them.