Economics GK Questions Practice Question and Answer

Q:

Which of the following is called primary field?

937 0

  • 1
    Agriculture sector
    Correct
    Wrong
  • 2
    service sector
    Correct
    Wrong
  • 3
    Industrial sector
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Agriculture sector"

Q:

What is India's position in the Human Development Index?

902 0

  • 1
    126
    Correct
    Wrong
  • 2
    127
    Correct
    Wrong
  • 3
    129
    Correct
    Wrong
  • 4
    128
    Correct
    Wrong
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Answer : 1. "126"

Q:

What is the purpose of economic activities? Both

907 0

  • 1
    Livelihood
    Correct
    Wrong
  • 2
    Entertainment
    Correct
    Wrong
  • 3
    A) and (B)
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Livelihood"

Q:

Which of the following countries has a mixed economy?

1422 0

  • 1
    America
    Correct
    Wrong
  • 2
    India
    Correct
    Wrong
  • 3
    China
    Correct
    Wrong
  • 4
    Russia
    Correct
    Wrong
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Answer : 2. "India"

Q:

Under which crop is the maximum agricultural land in India?

1252 0

  • 1
    Rice
    Correct
    Wrong
  • 2
    Cotton
    Correct
    Wrong
  • 3
    Maize
    Correct
    Wrong
  • 4
    Wheat
    Correct
    Wrong
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Answer : 1. "Rice"

Q:

India's largest mineral-oil field is?

1217 0

  • 1
    Cauvery Basin
    Correct
    Wrong
  • 2
    Kutch Basin
    Correct
    Wrong
  • 3
    Assam Region
    Correct
    Wrong
  • 4
    Bombay Offshore Area
    Correct
    Wrong
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Answer : 4. "Bombay Offshore Area"

Q:

Value of Total Goods and Services produced in a country is its _____________ .

2143 0

  • 1
    Gross Domestic Product
    Correct
    Wrong
  • 2
    Gross Revenue Income
    Correct
    Wrong
  • 3
    Total Goods Revenue
    Correct
    Wrong
  • 4
    Total Income
    Correct
    Wrong
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Answer : 1. "Gross Domestic Product"

Q:

The study of factor pricing is alternatively called the theory of 

2518 0

  • 1
    functional distribution
    Correct
    Wrong
  • 2
    personal distribution
    Correct
    Wrong
  • 3
    Income distribution
    Correct
    Wrong
  • 4
    wealth distribution
    Correct
    Wrong
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Answer : 1. "functional distribution "

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