Economics GK Questions Practice Question and Answer
8 4 Q:
5efbf6a10a52267797b6afba Answer : 4. "Demand and Supply"
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Q: Which of the following will cause property prices to fall?
998 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.
Q: In which year were the Regional Rural Banks established?
960 05fc228d4f4c6e37e930c9e11
5fc228d4f4c6e37e930c9e11- 11985false
- 21975true
- 31990false
- 42011false
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Answer : 2. "1975"
Q: When was the Planning Commission formed in India?
954 05f7d53ea3c7d8710e014920c
5f7d53ea3c7d8710e014920c- 115 March 1950true
- 215 September 1950false
- 315 October 1951false
- 4None of thesefalse
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Answer : 1. "15 March 1950"
Q: Which of the following is called primary field?
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5f7d51bb90b25c12b1ef8c5e- 1Agriculture sectortrue
- 2service sectorfalse
- 3Industrial sectorfalse
- 4None of thesefalse
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Answer : 1. "Agriculture sector"
Q: Who is the President of National Development Council?
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5f7d52a71e5cb657ce31ee53- 1Prime Ministertrue
- 2Presidentfalse
- 3Governorfalse
- 4Vice Presidentfalse
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Answer : 1. "Prime Minister"
Q: What is the purpose of economic activities? Both
886 05f7d50403c7d8710e0147a08
5f7d50403c7d8710e0147a08- 1Livelihoodtrue
- 2Entertainmentfalse
- 3A) and (B)false
- 4None of thesefalse
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Answer : 1. "Livelihood"
Q: What is India's position in the Human Development Index?
881 05f7d512590b25c12b1ef8ac9
5f7d512590b25c12b1ef8ac9- 1126true
- 2127false
- 3129false
- 4128false
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Answer : 1. "126"
Q: Which district of Bihar has the highest per capita income?
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5f7d547d3c7d8710e0149433- 1Nalandafalse
- 2Patnatrue
- 3Shivaharfalse
- 4Gayafalse
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Answer : 2. "Patna"
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