Economics GK Practice Question and Answer
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Q: 'Poot determines his own demand' - Whose statement is this?
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62c3fbf3a00ee61c312c307b- 1Adam Smithfalse
- 2J. B. Se.true
- 3Marshalfalse
- 4Ricardofalse
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Answer : 2. "J. B. Se."
Q: What is the relationship between the value of money and the price level in an economy?
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60d313871cefce3a61b25c73- 1stablefalse
- 2inversetrue
- 3Anulomfalse
- 4none of thesefalse
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Answer : 2. "inverse"
Q: Which of the following is called the ‘father of white revolution’ in India?
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62bdd37425fd051a6561a9fb- 1Hargovind Khuranafalse
- 2V. Kurientrue
- 3M.S. Swaminathanfalse
- 4P.K. Sethifalse
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Answer : 2. "V. Kurien"
Q: Round Revolution in India was related to -
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637f3e2d49a42a5ac162936c- 1Potatotrue
- 2Onionfalse
- 3Oil seedsfalse
- 4Tomatofalse
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Answer : 1. "Potato "
Q: GNP differs from NNP due to
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62b2cfa7fbadac125c6b23aa- 1Interest on public debtfalse
- 2depreciationtrue
- 3net indirect taxesfalse
- 4direct taxesfalse
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Answer : 2. "depreciation "
Q: Average Revenue means
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638f0e92d319b37ca1812928- 1the revenue per unit of commodity soldtrue
- 2the revenue from all commodities soldfalse
- 3the profit realised from the marginal unit soldfalse
- 4the profit realised by sale of all commoditiesfalse
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Answer : 1. "the revenue per unit of commodity sold"
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