Economics GK Questions Practice Question and Answer

Q:

Which is the most popular means of providing non institutional finance?

1227 0

  • 1
    Country Banker
    Correct
    Wrong
  • 2
    Mahajan
    Correct
    Wrong
  • 3
    Merchant
    Correct
    Wrong
  • 4
    Co-operative bank
    Correct
    Wrong
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Answer : 2. "Mahajan"

Q:

Which of the following industries has the highest labor force in India?

1200 0

  • 1
    Cement Industry
    Correct
    Wrong
  • 2
    textile industry
    Correct
    Wrong
  • 3
    Jute Industry
    Correct
    Wrong
  • 4
    Iron-steel industry
    Correct
    Wrong
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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?

1197 0

  • 1
    Cauvery Basin
    Correct
    Wrong
  • 2
    Kutch Basin
    Correct
    Wrong
  • 3
    Assam Region
    Correct
    Wrong
  • 4
    Bombay Offshore Area
    Correct
    Wrong
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Answer : 4. "Bombay Offshore Area"

Q:

Which of the following is popular as plastic currency?

1153 0

  • 1
    A. Tm
    Correct
    Wrong
  • 2
    paper note
    Correct
    Wrong
  • 3
    Check
    Correct
    Wrong
  • 4
    Draft
    Correct
    Wrong
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Answer : 1. "A. Tm"

Q:

The Cooperative Planning Committee was formed under whose leadership?

1151 0

  • 1
    R. G. Saraiya
    Correct
    Wrong
  • 2
    Meclagan
    Correct
    Wrong
  • 3
    Horesh
    Correct
    Wrong
  • 4
    Chelmsford
    Correct
    Wrong
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Answer : 1. "R. G. Saraiya"

Q:

Which of the following are not functions of currency?

1095 0

  • 1
    Medium
    Correct
    Wrong
  • 2
    Measurement
    Correct
    Wrong
  • 3
    Payment
    Correct
    Wrong
  • 4
    Writing and editing
    Correct
    Wrong
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Answer : 4. "Writing and editing"

Q:

Whose Arthashastra was composed?

1067 0

  • 1
    Chandragupta
    Correct
    Wrong
  • 2
    Maurya Alexander
    Correct
    Wrong
  • 3
    Chanakya
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Chanakya"

Q:

When was the National Nyadarshan established in the country?

1004 0

  • 1
    1955
    Correct
    Wrong
  • 2
    1965
    Correct
    Wrong
  • 3
    1950
    Correct
    Wrong
  • 4
    1952
    Correct
    Wrong
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Answer : 3. "1950"

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