Economics GK | Economics Questions and Answers for Competitive Exams

Rajesh Bhatia2 weeks ago 251.1K Views Join Examsbook
Economics GK Questions and Answers

Today I am providing Economics GK questions and answers for competitive exams. You can easily get 2-3 marks with the help of Economics GK Questions and answers for Competitive Exams. This post on Economics GK Questions for Competitive Exams is very very important.   

You should also check Basic Questions of General Awareness and Basic General Knowledge Questions for better practice of gk questions for competitive exams.


Here’s a blog of Economics GK Questions for Competitive Exams.  As you know Economics GK questions and answers are a very useful topic for SSC and banking exams.  

Practice with More Economics GK Blogs:

Economics GK Questions 

Q :  

Information, education and knowledge have become universal after the advent of which modern machine?

(A) Mobile phone

(B) Calculator

(C) Computer

(D) None of these


Correct Answer : C

Q :  

Which country ranks first on the basis of capita on GDP?

(A) Luxembourg

(B) United States

(C) Qatar

(D) Others


Correct Answer : C

Q :  Who is the richest state in India?

(A) TamilNadu

(B) Maharashatra

(C) Kerala

(D) Mumbai


Correct Answer : B

Q :  

India is the major importer?

(A) Pulses

(B) Oilseeds

(C) Both of these

(D) None of these


Correct Answer : C

Q :  

Where does commercial magazine commerce come from?

(A) New Delhi

(B) Kolkata

(C) New York

(D) Mumbai


Correct Answer : D

Q :  

The National Rural Employment Guarantee Scheme is named after which great man?

(A) Rajiv Gandhi

(B) Mahatma Gandhi

(C) Indira Gandhi

(D) Jawaharlal Nehru


Correct Answer : B

Q :  

When did the cooperative movement start in India?

(A) 1904

(B) 1907

(C) 1905

(D) 1920


Correct Answer : A

Q :  

Who said that in the modern world, the industry is wearing minted garments?

(A) Crowther

(B) Trescott

(C) Pigu

(D) Marshall


Correct Answer : C

Q :  

Who has defined the vicious cycle of poverty?

(A) Ragnar Nerks

(B) Prof. Fisher

(C) None of these

(D) Prof. Cannes


Correct Answer : A

Q :  

What was the period of Teesa's terrible economic recession?

(A) 1920-30

(B) 1929-33

(C) 1918-25

(D) 1998-2009


Correct Answer : B

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    Rajesh Bhatia

    A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.

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