Economics GK Practice Question and Answer

Q:

Average Revenue means

241 0

  • 1
    the revenue per unit of commodity sold
    Correct
    Wrong
  • 2
    the revenue from all commodities sold
    Correct
    Wrong
  • 3
    the profit realised from the marginal unit sold
    Correct
    Wrong
  • 4
    the profit realised by sale of all commodities
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "the revenue per unit of commodity sold"

Q:

Round Revolution in India was related to -

272 0

  • 1
    Potato
    Correct
    Wrong
  • 2
    Onion
    Correct
    Wrong
  • 3
    Oil seeds
    Correct
    Wrong
  • 4
    Tomato
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Potato "

Q:

Which of the following committee is not associated to the estimation of poverty in India?

390 0

  • 1
    V.K. Alagh Committee
    Correct
    Wrong
  • 2
    Suresh Tendulkar Committee
    Correct
    Wrong
  • 3
    Rangarajan Committee
    Correct
    Wrong
  • 4
    Vijay Kelkar Committee
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Vijay Kelkar Committee"

Q:

'Poot determines his own demand' - Whose statement is this?

360 0

  • 1
    Adam Smith
    Correct
    Wrong
  • 2
    J. B. Se.
    Correct
    Wrong
  • 3
    Marshal
    Correct
    Wrong
  • 4
    Ricardo
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "J. B. Se."

Q:

Which of the following is called the ‘father of white revolution’ in India? 

308 0

  • 1
    Hargovind Khurana
    Correct
    Wrong
  • 2
    V. Kurien
    Correct
    Wrong
  • 3
    M.S. Swaminathan
    Correct
    Wrong
  • 4
    P.K. Sethi
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "V. Kurien"

Q:

GNP differs from NNP due to 

272 0

  • 1
    Interest on public debt
    Correct
    Wrong
  • 2
    depreciation
    Correct
    Wrong
  • 3
    net indirect taxes
    Correct
    Wrong
  • 4
    direct taxes
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "depreciation "

Q:

Which under crop is the maximum agricultural land in India?

660 0

  • 1
    Rice
    Correct
    Wrong
  • 2
    Cotton
    Correct
    Wrong
  • 3
    Maize
    Correct
    Wrong
  • 4
    Wheat
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rice"

Q:

What is the difference between total expenditure and total receipts in the budget figures of the Government of India called?

572 0

  • 1
    Fiscal deficit
    Correct
    Wrong
  • 2
    Revenue deficit
    Correct
    Wrong
  • 3
    Budgetary deficit
    Correct
    Wrong
  • 4
    Current deficit
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Budgetary deficit"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully