Economics GK Questions Practice Question and Answer
8 Q: Who introduced this definition of Mudra itself which creates Mudra?
862 06052f54a4999e13f2a6bcf1b
6052f54a4999e13f2a6bcf1b- 1Marshalfalse
- 2Hansonfalse
- 3Crowtherfalse
- 4Crowmertrue
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Answer : 4. "Crowmer"
Q: 'Gresham's law' is related to which of the following?
800 06052f593a37d522d6c1882f5
6052f593a37d522d6c1882f5- 1circulation of currencyfalse
- 2Supply and demandfalse
- 3deficit economyfalse
- 4circulation of currencytrue
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Answer : 4. "circulation of currency"
Q: Central bank of our country is
742 06266ce1de1e2a840c334873f
6266ce1de1e2a840c334873f- 1State Bank of Indiafalse
- 2Reserve Bank of Indiatrue
- 3Central Bank of Indiafalse
- 4Bank of Barodafalse
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Answer : 2. "Reserve Bank of India "
Explanation :
1. The central bank of our country is the Reserve Bank of India.
2. It is the supreme bank of India and determines the monetary policy of the country.
3. RBI was established on April 1, 1935 under the Reserve Bank of India Act, 1934.
Q: Disguised unemployment is commonly seen in India.
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6052f0f84999e13f2a6bb0b1- 1In the service sectorfalse
- 2In the agricultural sectortrue
- 3Factory areafalse
- 4All thesefalse
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Answer : 2. "In the agricultural sector"
Q: According to law of supply, if everything is equal then an increase in price results in ________.
733 060c355e63ef9d27847d12d6e
60c355e63ef9d27847d12d6e- 1Decrease in quantity suppliedfalse
- 2Increase in quantity suppliedtrue
- 3Decrease in quantity demandedfalse
- 4Increase in quantity demandedfalse
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Answer : 2. "Increase in quantity supplied "
Q: The national income is divided by the per capita income?
730 06052f4b1a37d522d6c188242
6052f4b1a37d522d6c188242- 1Area of the countryfalse
- 2Total population of the countrytrue
- 3Quantity of capital usedfalse
- 4None of thesefalse
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Answer : 2. "Total population of the country"
Q: Following region contributes most to India's GDP?
719 06052f5074999e13f2a6bcec2
6052f5074999e13f2a6bcec2- 1Primary Sectorfalse
- 2Tertiary sectortrue
- 3Secondary sectorfalse
- 4None of thesefalse
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Answer : 2. "Tertiary sector"
Q: Under which scheme was the first emphasis on industrial development and mining development?
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61a4d82a0fbe1213ad999f4b- 1First Five Year Planfalse
- 2Second Five Year Planfalse
- 3Third Five Year Plantrue
- 4Fourth Five Year Planfalse
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Answer : 3. "Third Five Year Plan"
Explanation :
The Nehru-Mahalanobis approach, often referred to as the Second Five Year Plan, emphasized the development of basic and heavy industries as a means of accelerating economic growth. These included steel, copper, petrochemicals, paper, coal, and oil.