Top 100 Indian Economics GK Questions
Diamonds are priced higher than water because–
(A) consumers do not buy them at lower prices.
(B) they are sold by selected firms with monopolistic powers.
(C) their total utility to buyers is higher than that of water.
(D) their marginal utility to buyers is higher than that of water
Correct Answer : B
‘Functional Finance’ is associated with–
(A) Abba ‘P’ Lerner
(B) Adolph Wogner
(C) Adam Smith
(D) Adams
Correct Answer : A
Of the following land uses, which is restricted to Special Economic Zones?
(A) Information Technology Companies
(B) Free Trade Centres
(C) Educational Institutions
(D) Marketing Centres
Correct Answer : B
Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short term securities as a reserve all the time. In Banking World this is known as–
(A) PLR
(B) Fixed Asset
(C) SLR
(D) CRR
Correct Answer : D
Which one of the following is not a clause of the World Trade Organisation?
(A) Lowering trade barriers with negotiations
(B) Most favoured nation treatment
(C) Providing financial support to the countries having deficit balance of payments
(D) Discouraging unfair trade practices such as anti-dumping and export subsidies
Correct Answer : C
Explanation :
Providing financial support to the countries having deficit balance of payments.
As per estimates of the Planning Commission of India the target growth rate of 12th Five-Year Plan is set to
(A) 7 to 8%
(B) 8.0% to 8.5%
(C) 9% to 9.5%
(D) 10 to 10.5%
Correct Answer : B
Explanation :
The Approach Paper has proposed a target of 8 per cent growth for the Twelfth Plan. Health, education and skill development, environment and natural resources, and infrastructure development were the focus areas of the Twelfth Plan.
Demand for labour is–
(A) Composite demand
(B) Competitive demand
(C) Derived demand
(D) Joint demand
Correct Answer : C
Inflation in India is measured on which of the following indexes / indicators?
(A) Gross Domestic Product (GDP)
(B) Wholesale Price Index (WPI)
(C) Cost of Living Index (CLI)
(D) Consumer Price Index (CPI)
Correct Answer : B
What is the percentage of the female population according to the 2011 census?
(A) 42.53 %
(B) 40.53 %
(C) 48.53 %
(D) 45.53 %
Correct Answer : C
What is the basic structure of an economy?
(A) Agriculture
(B) industries
(C) Services
(D) three
Correct Answer : D
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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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