Economics GK Questions Practice Question and Answer
8 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: Who introduced this definition of Mudra itself which creates Mudra?
866 06052f54a4999e13f2a6bcf1b
6052f54a4999e13f2a6bcf1b- 1Marshalfalse
- 2Hansonfalse
- 3Crowtherfalse
- 4Crowmertrue
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Answer : 4. "Crowmer"
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?
1196 05efbf5c3196e681f76e96f43
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?
4046 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?
690 06052f21d4999e13f2a6bb4ae
6052f21d4999e13f2a6bb4ae- 1Service Sectortrue
- 2Business Areafalse
- 3Agricultural sectorfalse
- 4Industry Sectorfalse
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Answer : 1. "Service Sector"
Q: What is the contribution of agriculture sector in GDP of India in 2017-18?
486 06438fcd106979810acdfb6f7
6438fcd106979810acdfb6f7- 10.154false
- 20.192false
- 30.16false
- 40.171true
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