Top 100 Indian Economics GK Questions
The state which stands first in per capita income is
(A) Bihar
(B) Maharashtra
(C) Punjab
(D) Kerala
Correct Answer : B
What is the difference between total expenditure and total receipts in the budget figures of the Government of India called?
(A) Fiscal deficit
(B) Revenue deficit
(C) Budgetary deficit
(D) Current deficit
Correct Answer : C
Which deficit is the largest contributor to the total deficit of the budget of the Government of India?
(A) Fiscal deficit
(B) Revenue Deficit Income
(C) Primary deficit
(D) none of these
Correct Answer : A
From which of the following direct taxes, the government receives maximum revenue?
(A) Income Tax
(B) Wealth Tax
(C) charity tax
(D) Corporation Tax
Correct Answer : D
The largest item of expenditure in the current account of the budget of the Central Government is?
(A) Defense expenditure
(B) interest payment
(C) Central Planning
(D) none of these
Correct Answer : C
___________ unemployment happens when people are not able to find jobs during some months of the year.
(A) Disguised
(B) Educated
(C) Seasonal
(D) None of the above
Correct Answer : C
Raw materials and money in hand are called _____.
(A) Human capital
(B) Working capital
(C) Factors of production
(D) None of the above
Correct Answer : B
The Micro, Small and Medium Enterprises Development Act was passed in the year ____.
(A) 2002
(B) 2006
(C) 2004
(D) 2008
Correct Answer : B
Explanation :
Notification for enforcement of MSME Act, 2006, The Provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) shall come into force from 2nd October, 2006.
Which factor is mainly responsible for increase in demand of natural resources?
(A) Scientific advancement
(B) Use of biodegradable chemicals
(C) Increasing human population
(D) Environmental pollution
Correct Answer : C
Explanation :
The correct answer is Increased human population. As the human population is increasing at an astounding rate, we have reached a number of 7.4 billion today. Naturally, this means that we are utilizing more and more natural resources.
Externality theory is the basic theory of the following branch of Economics–
(A) International Economics
(B) Environomics
(C) Fiscal Economics
(D) Macro Economics
Correct Answer : B
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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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