Economics GK Questions Practice Question and Answer

Q:

The Human Development Index is attributed to which economist?

617 0

  • 1
    Mehboob-ul-Haq
    Correct
    Wrong
  • 2
    Amartya Sen
    Correct
    Wrong
  • 3
    Johnson
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Mehboob-ul-Haq"

Q:

What do you understand by closed economy?

616 0

  • 1
    Import off
    Correct
    Wrong
  • 2
    Export stopped
    Correct
    Wrong
  • 3
    controlled capital
    Correct
    Wrong
  • 4
    Stop Import-Export
    Correct
    Wrong
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Answer : 4. "Stop Import-Export"

Q:

State's GDP Which sector contributes the most?

612 0

  • 1
    agricultural sector
    Correct
    Wrong
  • 2
    Industry sector
    Correct
    Wrong
  • 3
    Service area
    Correct
    Wrong
  • 4
    Foreign income
    Correct
    Wrong
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Answer : 3. "Service area"
Explanation :

The service sector, also called the tertiary sector contributes most of the GDP in India.

Q:

Which state has the highest per capita income?

606 0

  • 1
    Gujarat
    Correct
    Wrong
  • 2
    Maharashtra
    Correct
    Wrong
  • 3
    Goa
    Correct
    Wrong
  • 4
    Punjab
    Correct
    Wrong
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Answer : 3. "Goa"

Q:

The state is the first state to issue a human development report?

598 0

  • 1
    Kerala
    Correct
    Wrong
  • 2
    Rajasthan
    Correct
    Wrong
  • 3
    U.P.
    Correct
    Wrong
  • 4
    Madhya Pradesh
    Correct
    Wrong
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Answer : 4. "Madhya Pradesh"

Q:

As per Census 2011, which of the following union territories of India has the lowest population? 

588 0

  • 1
    Daman and Diu
    Correct
    Wrong
  • 2
    Delhi
    Correct
    Wrong
  • 3
    Chandigarh
    Correct
    Wrong
  • 4
    Lakshadweep
    Correct
    Wrong
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Answer : 4. " Lakshadweep"

Q:

In which district agriculture is done on maximum area?

585 0

  • 1
    barmer
    Correct
    Wrong
  • 2
    Rajsamand
    Correct
    Wrong
  • 3
    Ganganagar
    Correct
    Wrong
  • 4
    Chittorgarh
    Correct
    Wrong
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Answer : 1. " barmer"
Explanation :

The State of Rajasthan falls in the three Agroclimatic Zones, i.e. Zone–VI -Trans-Gangetic Plains region, Zone–VIII-Central Plateau and Hills region and Zone–Western Dry region.

Q:

Production function expresses

578 0

  • 1
    technological relationship between physical inputs and output
    Correct
    Wrong
  • 2
    financial relationship between physical inputs and output
    Correct
    Wrong
  • 3
    relationship between finance and technology
    Correct
    Wrong
  • 4
    relationship between factors of production
    Correct
    Wrong
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Answer : 1. "technological relationship between physical inputs and output"

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