Top 1000 GK Questions for Competitive Exams
Indian Economic Questions
Q : What kind of economy is there in India?
(A) socialist
(B) Mixed
(C) Free
(D) Gandhian
Correct Answer : B
The gradation and standardization of agricultural products are conducted through
(A) Food Corporation of India
(B) Directorate of Marketing and Inspection
(C) Indian Standards Institution
(D) Central Statistical Organization
Correct Answer : B
How many member is in the GST Council of India?
(A) 33
(B) 34
(C) 36
(D) 27
Correct Answer : A
Which of the statements is correct about India's national income?
(A) Percentage share of agriculture is higher than services
(B) Percentage share of industry is higher than agriculture
(C) Percentage share of services is higher than industry
(D) Percentage share of services is higher than agriculture and industry put together
Correct Answer : D
Price theory is also known as
(A) Macro Economics
(B) Development Economics
(C) Public Economics
(D) Micro Economics
Correct Answer : D
The process of curing inflation by reducing money supply is called
(A) Cost - push inflation
(B) Demand - pull inflation
(C) Disinflation
(D) Reflation
Correct Answer : C
What is the demand for labor called?
(A) Market demand
(B) Direct demand
(C) Derived demand
(D) Factory demand
Correct Answer : C
The Economic development depends on-
(A) Natural resources
(B) Capital formation
(C) Size of the market
(D) All of these
Correct Answer : D
Value of Total Goods and Services produced in a country is its _____________ .
(A) Gross Domestic Product
(B) Gross Revenue Income
(C) Total Goods Revenue
(D) Total Income
Correct Answer : A
The study of factor pricing is alternatively called the theory of
(A) functional distribution
(B) personal distribution
(C) Income distribution
(D) wealth distribution
Correct Answer : A
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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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