Economics GK Practice Question and Answer

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
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Answer : 2. "depreciation "

Q:

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

310 0

  • 1
    Hargovind Khurana
    Correct
    Wrong
  • 2
    V. Kurien
    Correct
    Wrong
  • 3
    M.S. Swaminathan
    Correct
    Wrong
  • 4
    P.K. Sethi
    Correct
    Wrong
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Answer : 2. "V. Kurien"

Q:

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

361 0

  • 1
    Adam Smith
    Correct
    Wrong
  • 2
    J. B. Se.
    Correct
    Wrong
  • 3
    Marshal
    Correct
    Wrong
  • 4
    Ricardo
    Correct
    Wrong
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Answer : 2. "J. B. Se."

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:

Round Revolution in India was related to -

275 0

  • 1
    Potato
    Correct
    Wrong
  • 2
    Onion
    Correct
    Wrong
  • 3
    Oil seeds
    Correct
    Wrong
  • 4
    Tomato
    Correct
    Wrong
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Answer : 1. "Potato "

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

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