Economics GK Questions Practice Question and Answer
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Q: Which of the following countries has a mixed economy?
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5f7d4fc81e5cb657ce31da52- 1Americafalse
- 2Indiatrue
- 3Chinafalse
- 4Russiafalse
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Answer : 2. "India"
Q: India's largest mineral-oil field is?
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5efbf817d7fe817321ad34bd- 1Cauvery Basinfalse
- 2Kutch Basinfalse
- 3Assam Regionfalse
- 4Bombay Offshore Areatrue
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Answer : 4. "Bombay Offshore Area"
Q: Value of Total Goods and Services produced in a country is its _____________ .
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5dc8e869513f8a7589a023c1- 1Gross Domestic Producttrue
- 2Gross Revenue Incomefalse
- 3Total Goods Revenuefalse
- 4Total Incomefalse
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Answer : 1. "Gross Domestic Product"
Q: Which of the following will cause property prices to fall?
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5efbf6a10a52267797b6afba- 1More liquidity in the economyfalse
- 2Reduction in reverse repo rate by RBIfalse
- 3Increase in reverse repo rate by RBIfalse
- 4Low liquidity in the economytrue
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Answer : 4. "Low liquidity in the economy"
Q: The single citizenship included in the Indian Constitution is inspired by the constitution of which country?
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5efbf9e1d7fe817321ad355b- 1Britaintrue
- 2Irelandfalse
- 3Canadafalse
- 4Americafalse
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Answer : 1. "Britain"
Q: The study of factor pricing is alternatively called the theory of
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5dc15b8fee5d9e2ea2b32a9e- 1functional distributiontrue
- 2personal distributionfalse
- 3Income distributionfalse
- 4wealth distributionfalse
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Answer : 1. "functional distribution "
Q: Which of the following industries has the highest labor force in India?
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5efbf5c3196e681f76e96f43- 1Cement Industryfalse
- 2textile industrytrue
- 3Jute Industryfalse
- 4Iron-steel industryfalse
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Answer : 2. "textile industry"
Q: Under which crop is the maximum agricultural land in India?
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5efbfc7f30aa3b4ee606a66e- 1Ricetrue
- 2Cottonfalse
- 3Maizefalse
- 4Wheatfalse
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Answer : 1. "Rice"
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