Very Easy GK Questions
When was the Commission for Agricultural Costs and Commission established?
(A) 1960
(B) 1965
(C) 1966
(D) 1969
Correct Answer : B
Under which crop is the maximum agricultural land in India?
(A) Rice
(B) Cotton
(C) Maize
(D) Wheat
Correct Answer : A
The Abid Hussain Committee was formed by which ministry?
(A) Planning Commission
(B) Ministry of Industry
(C) Ministry of Defense
(D) Ministry of Finance
Correct Answer : B
Which of the following will cause property prices to fall?
(A) More liquidity in the economy
(B) Reduction in reverse repo rate by RBI
(C) Increase in reverse repo rate by RBI
(D) Demand and Supply
Correct Answer : D
Explanation :
Demand and Supply: For any given area, demand in the real estate will always be inversely proportional to supply. If there is a decrease in supply, prices will obviously go up for the existing projects. With an overall increase in the number of unsold housing projects, prices will go down for each one of them.
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
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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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