Economics GK Questions Practice Question and Answer
8 Q: Whose Arthashastra was composed?
1065 05fc217014f2f6c622bf3a11a
5fc217014f2f6c622bf3a11a- 1Chandraguptafalse
- 2Maurya Alexanderfalse
- 3Chanakyatrue
- 4None of thesefalse
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Answer : 3. "Chanakya"
Q: Which of the following are not functions of currency?
1089 05fc218a456860473cc61425e
5fc218a456860473cc61425e- 1Mediumfalse
- 2Measurementfalse
- 3Paymentfalse
- 4Writing and editingtrue
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Answer : 4. "Writing and editing"
Q: In an economy, on what basis are sectors classified into public and private?
687 06052f1d9a01bc44789ad1d80
6052f1d9a01bc44789ad1d80- 1Terms of employmentfalse
- 2Ownership of enterprisestrue
- 3Use of raw materialsfalse
- 4None of thesefalse
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Answer : 2. "Ownership of enterprises"
Q: The study of factor pricing is alternatively called the theory of
2495 05dc15b8fee5d9e2ea2b32a9e
5dc15b8fee5d9e2ea2b32a9e- 1functional distributiontrue
- 2personal distributionfalse
- 3Income distributionfalse
- 4wealth distributionfalse
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Answer : 1. "functional distribution "
Q: Which of the following industries has the highest labor force in India?
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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: Which of the following countries has a mixed economy?
1393 05f7d4fc81e5cb657ce31da52
5f7d4fc81e5cb657ce31da52- 1Americafalse
- 2Indiatrue
- 3Chinafalse
- 4Russiafalse
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Answer : 2. "India"
Q: Which currency is legally recognized in our country?
4045 05fc217a096415e6951aee167
5fc217a096415e6951aee167- 1Good moneyfalse
- 2Credit-currencyfalse
- 3letter moneytrue
- 4Checkfalse
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Answer : 3. "letter money"
Q: What is the maximum contribution to the national income of India?
687 06052f21d4999e13f2a6bb4ae
6052f21d4999e13f2a6bb4ae- 1Service Sectortrue
- 2Business Areafalse
- 3Agricultural sectorfalse
- 4Industry Sectorfalse
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