Economics GK Practice Question and Answer

Q:

Government takes way and means loan?

392 0

  • 1
    IDBI
    Correct
    Wrong
  • 2
    RBI
    Correct
    Wrong
  • 3
    SBI
    Correct
    Wrong
  • 4
    ICICI
    Correct
    Wrong
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Answer : 2. "RBI"

Q:

Which of the following is considered as the main determinant of real wages?

391 0

  • 1
    purchasing power of money
    Correct
    Wrong
  • 2
    Nature of work
    Correct
    Wrong
  • 3
    additional income
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "purchasing power of money"

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
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Answer : 4. "Vijay Kelkar Committee"

Q:

When is Consumer Rights Day celebrated?

390 0

  • 1
    17 March
    Correct
    Wrong
  • 2
    15 March
    Correct
    Wrong
  • 3
    19 April
    Correct
    Wrong
  • 4
    22 April
    Correct
    Wrong
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Answer : 2. "15 March"

Q:

Which of the following is not a function of currency?

383 0

  • 1
    Measurement of value
    Correct
    Wrong
  • 2
    accumulation of value
    Correct
    Wrong
  • 3
    transfer of value
    Correct
    Wrong
  • 4
    stabilization of price
    Correct
    Wrong
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Answer : 4. "stabilization of price"

Q:

The Reserve Bank of India has an accounting year?

369 0

  • 1
    October - September
    Correct
    Wrong
  • 2
    April-March
    Correct
    Wrong
  • 3
    July-June
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "April-March"

Q:

What is considered to be knowledge, technical skill, education etc. in the economy?

368 0

  • 1
    Tangible physical capital
    Correct
    Wrong
  • 2
    Working Capital
    Correct
    Wrong
  • 3
    Human Capital
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 3. "Human Capital"

Q:

In view of which of the following are cottage and small scale industries necessary in the Indian economy?

368 0

  • 1
    employment generation
    Correct
    Wrong
  • 2
    Income Generation
    Correct
    Wrong
  • 3
    low cost
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "employment generation"

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