Top 100 Indian Economics GK Questions
The interest in infrastructure is less because.
(A) There is large invest in it
(B) There needs a desired project
(C) Time to finish the infrastructure is more
(D) Profit is gained after long time.
Correct Answer : D
Explanation :
Infrastructure refers to the basic physical and organizational structures, facilities, systems, and services that are necessary for the functioning of a society, economy, or organization. It encompasses a wide range of essential components, including
According to Kenz, the consumption function shows relation between.
(A) Total Consumption and Total Population
(B) Total Consumption and Normal Price Rate
(C) Total Consumption and Total Income
(D) Total Consumption and Rate of Interest
Correct Answer : C
Explanation :
Explain: -The Consumption function shows relation between Total Consumption and Total Income. It shows that consumption and income are inversely related
In a economy “Development Stage” means-
(A) Starting of steadily increasing economy
(B) Bad economy
(C) Economy is on the verge of destroying
(D) All tariff to be removed.
Correct Answer : A
Explanation :
Explain: -In economy “development stage” means starting of steadily increasing economy
The Removal of prohibitions and hindrance by the government is called.
(A) Globalisation
(B) Privatisation
(C) Liberalisation
(D) Bilateral understanding.
Correct Answer : C
The best Example of capital intensive industry in India is-
(A) Textile industry
(B) Steel industry
(C) Tourism industry
(D) Spare goods industry.
Correct Answer : B
Explanation :
Explain: -Intensive industry are those industries which need large amount of capital for investment.
Preparing butter and ghee for household consumption of own family is a part of –
(A) Household investment production
(B) Industrial production
(C) Consumption
(D) Own Account Production
Correct Answer : D
Explanation :
Explain: -Preparing butter and ghee by a family for household consumption is a part of own account production.
Which among the following is not the investment of goods & services?
(A) Cost of machinery
(B) Increase in cost of raw goods
(C) Increasing department of company
(D) Cost of buying a house.
Correct Answer : C
Explanation :
Explain: -Increasing the department of company is not the matter of investment on goods and services
When there is affect on economic activity of an specific country due to import and export, then such economy are called-
(A) Closed economy
(B) Open economy
(C) Agricultural economy
(D) Industrial economy
Correct Answer : B
Explanation :
Explain: -When there is change in economy due to import and export, then such economy is called Open economy. India enacted Open economy in 1991.
The financial year in the Indian economy runs from ______.
(A) 1 January to 31 May
(B) 1 April to 30 June
(C) 1 June to 31 March
(D) 1 April to 31 March
Correct Answer : D
Who among the following promotes social justice?
(A) Herald Laski
(B) John Keynes
(C) John Rowles
(D) All of the above
Correct Answer : C
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Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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