Economics GK Questions Practice Question and Answer

Q:

Under which scheme was the first emphasis on industrial development and mining development?

708 0

  • 1
    First Five Year Plan
    Correct
    Wrong
  • 2
    Second Five Year Plan
    Correct
    Wrong
  • 3
    Third Five Year Plan
    Correct
    Wrong
  • 4
    Fourth Five Year Plan
    Correct
    Wrong
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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.

Q:

What is the maximum contribution to the national income of India?

689 0

  • 1
    Service Sector
    Correct
    Wrong
  • 2
    Business Area
    Correct
    Wrong
  • 3
    Agricultural sector
    Correct
    Wrong
  • 4
    Industry Sector
    Correct
    Wrong
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Answer : 1. "Service Sector"

Q:

In an economy, on what basis are sectors classified into public and private?

688 0

  • 1
    Terms of employment
    Correct
    Wrong
  • 2
    Ownership of enterprises
    Correct
    Wrong
  • 3
    Use of raw materials
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "Ownership of enterprises"

Q:

Planning Economy has started in Rajasthan

668 0

  • 1
    First Plan
    Correct
    Wrong
  • 2
    Second Plan
    Correct
    Wrong
  • 3
    Third Plan
    Correct
    Wrong
  • 4
    Fifth Plan
    Correct
    Wrong
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Answer : 1. "First Plan"
Explanation :

The Planning Department of Rajasthan was established in July 1953 under the chairmanship of the Chief Minister. The Planning Department of Rajasthan prepares the planned budget, monitors expenditure, budget announcements and centrally sponsored schemes to achieve targeted development in the state.

Q:

The relation of Rajasthan Industrial Development and Planning Corporation (RIICO) is correct.

639 0

  • 1
    Jodhpur- 1980
    Correct
    Wrong
  • 2
    Jaipur- 1981
    Correct
    Wrong
  • 3
    Jodhpur- 1981
    Correct
    Wrong
  • 4
    Jaipur- 1980
    Correct
    Wrong
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Answer : 4. "Jaipur- 1980"

Q:

In which of the following the industrial policy of Rajasthan has not been formulated-

621 0

  • 1
    1978
    Correct
    Wrong
  • 2
    1991
    Correct
    Wrong
  • 3
    2015
    Correct
    Wrong
  • 4
    2020
    Correct
    Wrong
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Answer : 4. "2020"
Explanation :

The correct answer is 1998. Key Points Fourth Industrial Policy of Rajasthan- The fourth Industrial Policy was implemented in Rajasthan on 4 June 1998. The Fourth Industrial Policy was implemented during the tenure of Rajasthan Chief Minister Bhairon Singh Shekhawat. Important Points Rajasthan Industries Department- Establishment- 1949 Headquarters- Jaipur Sixth Industrial Policy of Rajasthan- The Sixth Industrial Policy was implemented in Rajasthan on 8 August 2015. The Sixth Industrial Policy was implemented during the tenure of Rajasthan Chief Minister Vasundhara Raje. Presently the Sixth Industrial Policy is going on in Rajasthan. Share on Whatsapp

Q:

Where is the National Institute of Rural Development located?

618 0

  • 1
    Hyderabad
    Correct
    Wrong
  • 2
    Patna
    Correct
    Wrong
  • 3
    New Delhi
    Correct
    Wrong
  • 4
    Shimla
    Correct
    Wrong
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Answer : 1. "Hyderabad"

Q:

In which district is the maximum number of industries operating in Rajasthan?

616 0

  • 1
    Alwar
    Correct
    Wrong
  • 2
    Jaipur
    Correct
    Wrong
  • 3
    Jodhpur
    Correct
    Wrong
  • 4
    Udaipur
    Correct
    Wrong
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Answer : 2. "Jaipur"
Explanation :

District Industries Centre: It is setup by the government of Rajasthan. There are 36 districts working in Rajasthan. There are 8 Industries sub-districts centres. This department caters to the need of Micro, Small, and Medium Enterprises (MSME). These centres work for the development of handloom, textiles, handicrafts, marketing and other work involving their development. Industrial Potential Survey was published by district industries centre. Its headquarters is in Jaipur.

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