Economics GK Questions Practice Question and Answer

Q:

Which of the following will cause property prices to fall?

998 0

  • 1
    More liquidity in the economy
    Correct
    Wrong
  • 2
    Reduction in reverse repo rate by RBI
    Correct
    Wrong
  • 3
    Increase in reverse repo rate by RBI
    Correct
    Wrong
  • 4
    Demand and Supply
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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.

Q:

In which year were the Regional Rural Banks established?

960 0

  • 1
    1985
    Correct
    Wrong
  • 2
    1975
    Correct
    Wrong
  • 3
    1990
    Correct
    Wrong
  • 4
    2011
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "1975"

Q:

When was the Planning Commission formed in India?

954 0

  • 1
    15 March 1950
    Correct
    Wrong
  • 2
    15 September 1950
    Correct
    Wrong
  • 3
    15 October 1951
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "15 March 1950"

Q:

Which of the following is called primary field?

921 0

  • 1
    Agriculture sector
    Correct
    Wrong
  • 2
    service sector
    Correct
    Wrong
  • 3
    Industrial sector
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Agriculture sector"

Q:

Who is the President of National Development Council?

891 0

  • 1
    Prime Minister
    Correct
    Wrong
  • 2
    President
    Correct
    Wrong
  • 3
    Governor
    Correct
    Wrong
  • 4
    Vice President
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Prime Minister"

Q:

What is the purpose of economic activities? Both

886 0

  • 1
    Livelihood
    Correct
    Wrong
  • 2
    Entertainment
    Correct
    Wrong
  • 3
    A) and (B)
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Livelihood"

Q:

What is India's position in the Human Development Index?

881 0

  • 1
    126
    Correct
    Wrong
  • 2
    127
    Correct
    Wrong
  • 3
    129
    Correct
    Wrong
  • 4
    128
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "126"

Q:

Which district of Bihar has the highest per capita income?

878 0

  • 1
    Nalanda
    Correct
    Wrong
  • 2
    Patna
    Correct
    Wrong
  • 3
    Shivahar
    Correct
    Wrong
  • 4
    Gaya
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Patna"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully