Top 50 Indian Economics GK Questions
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
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
Which three indicators are used in the Human Development Index (HDI)?
I. Standard of living
II. Education
III. Life expectancy
IV. Condition of environment
(A) Only I, II & IV
(B) Only I, II, & III
(C) Only I & II
(D) All of the above
Correct Answer : B
(A) Rajeev Gandhi
(B) Mahatama Gandhi
(C) Indira Gandhi
(D) Jawahar Lal Nehru
Correct Answer : B
Explanation :
The Government of India passed the Mahatma Gandhi National Rural Employment Guarantee Act, 2005 in September, 2005. The Act gives legal guarantee of a hundred days of wage employment in a financial year to adult members of a rural household who demand employment and are willing to do unskilled manual work.
The Economic development depends on-
(A) Natural resources
(B) Capital formation
(C) Size of the market
(D) All of these
Correct Answer : D
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
When the price of a commodity falls, we can expect:
(A) The supply of it to increase
(B) The demand for it to fall
(C) The demand for it to stay constant
(D) The demand for it to increase
Correct Answer : D
Economic survey is published by
(A) Ministry of Finance
(B) Planning commission
(C) Government of India
(D) Indian Statistical Institute
Correct Answer : A
Short-term finance is usually for a period ranging up to how many month?
(A) 5 months
(B) 10 months
(C) 12 months
(D) 8 months
Correct Answer : C
(A) FDI
(B) Portfolio Investment
(C) NRI Investment
(D) Foreign Indirect Investment
Correct Answer : D
Showing page 4 of 5
enhttps://www.examsbook.com/top-50-indian-economics-gk-questions/454top-50-indian-economics-gk-questionsAbout author
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/.
Read more articles