Economics GK Questions Practice Question and Answer
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Q: Which of the following is called primary field?
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5f7d51bb90b25c12b1ef8c5e- 1Agriculture sectortrue
- 2service sectorfalse
- 3Industrial sectorfalse
- 4None of thesefalse
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Answer : 1. "Agriculture sector"
Q: What is India's position in the Human Development Index?
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5f7d512590b25c12b1ef8ac9- 1126true
- 2127false
- 3129false
- 4128false
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Answer : 1. "126"
Q: What is the purpose of economic activities? Both
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5f7d50403c7d8710e0147a08- 1Livelihoodtrue
- 2Entertainmentfalse
- 3A) and (B)false
- 4None of thesefalse
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Answer : 1. "Livelihood"
Q: Which of the following countries has a mixed economy?
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5f7d4fc81e5cb657ce31da52- 1Americafalse
- 2Indiatrue
- 3Chinafalse
- 4Russiafalse
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Answer : 2. "India"
Q: Under which crop is the maximum agricultural land in India?
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5efbfc7f30aa3b4ee606a66e- 1Ricetrue
- 2Cottonfalse
- 3Maizefalse
- 4Wheatfalse
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Answer : 1. "Rice"
Q: India's largest mineral-oil field is?
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5efbf817d7fe817321ad34bd- 1Cauvery Basinfalse
- 2Kutch Basinfalse
- 3Assam Regionfalse
- 4Bombay Offshore Areatrue
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Answer : 4. "Bombay Offshore Area"
Q: Value of Total Goods and Services produced in a country is its _____________ .
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5dc8e869513f8a7589a023c1- 1Gross Domestic Producttrue
- 2Gross Revenue Incomefalse
- 3Total Goods Revenuefalse
- 4Total Incomefalse
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Answer : 1. "Gross Domestic Product"
Q: The study of factor pricing is alternatively called the theory of
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5dc15b8fee5d9e2ea2b32a9e- 1functional distributiontrue
- 2personal distributionfalse
- 3Income distributionfalse
- 4wealth distributionfalse
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Answer : 1. "functional distribution "
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