Indian Economics GK Quiz Questions
The tree like structure of records in a database in-
(A) Network Model
(B) Hierarchical Model
(C) Relational Model
(D) Multi-Dimenmoral Model
Correct Answer : B
Explanation :
Explain: -Hierarchical structures were widely used in the early mainframe database management system, such as the Information Management System
According to Kenz, the consumption function shows relation between.
(A) Total Consumption and Total Population
(B) Total Consumption and Normal Price Rate
(C) Total Consumption and Total Income
(D) Total Consumption and Rate of Interest
Correct Answer : C
Explanation :
Explain: -The Consumption function shows relation between Total Consumption and Total Income. It shows that consumption and income are inversely related
“World Bank” is also called as –
(A) International Bank for Reconstruction and development
(B) International, rehabilation and development bank
(C) International rehabilated and development bank
(D) None of these.
Correct Answer : A
Explanation :
The "World Bank" is also referred to as simply the "World Bank." While its full name is the "International Bank for Reconstruction and Development (IBRD)," the term "World Bank" is commonly used to refer to this international financial institution.
The interest in infrastructure is less because.
(A) There is large invest in it
(B) There needs a desired project
(C) Time to finish the infrastructure is more
(D) Profit is gained after long time.
Correct Answer : D
Explanation :
Infrastructure refers to the basic physical and organizational structures, facilities, systems, and services that are necessary for the functioning of a society, economy, or organization. It encompasses a wide range of essential components, including
What will happen if labour productivity is increased?
(A) Balanced cash wage will decrease
(B) Competitive firms will be forced to invest more
(C) Labour demand curve will shift towards right
(D) None of the above.
Correct Answer : C
Explanation :
Explanation:- If there is low marginal labour production, then after giving wages there will be profit from marginal labourer. Ultimately, demand of labour will increase and labour demand curve will shift towards right.
Socialism is successful in achieving because of–
(A) Excess socialistic approach in society
(B) To increase standard of living
(C) Equal distribution of income
(D) None of the above
Correct Answer : A
Explanation :
Explain: -Making social welfare is the success of socialism
Which among of the following is not a positive sign for any industry.
(A) Decrease in profit
(B) Labour instability
(C) Decrease in market
(D) Decrease in demand
Correct Answer : A
Explanation :
Explain: -Decrease in profit is not a sudden positive sign.
IMF was established to meet which of the following objectives.
(i) Promoting International Monetary Cooperation
(ii) Expending International Trade
(iii) Lessening the inequlibrium in trade
(iv) Avoiding competitive exchange depreciations.
(A) i,ii,iii
(B) i, iii, iv
(C) ii, iv
(D) i, ii, iii, iv
Correct Answer : B
Explanation :
Explain: -IMF stands for international monetary fund. It publishes “World Economic outlook” every year, IMF is an organisation of 189 countries, working to faster global monetary co-orperation, secur. The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
The term “Micro Economics” and “Macro Economics” was coined by–
(A) Alfred Marshal
(B) Ragner Nurkse
(C) Ragner Frisch
(D) J.M. Keynes
Correct Answer : C
Explanation :
Explain: -The difference between micro and macro economics is simple. Microeconomics is the study of economics at an individual, group or company level. Macroeconomics, on the other hand, is the study of a national economy as a whole. Microeconomics focuses on issues that affect individuals and companies
The capital of IMF is made up by the contribution of–
(A) Credit
(B) Deficit Financing
(C) Member Nations
(D) Borrowings
Correct Answer : C
Explanation :
Explain: -IMF was established on 27th Dec 1945 by Bretton Woods conference. It started working from 1st March, 1947. Every member nations gives 25% money in terms of gold or US dollars.
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Rajesh Bhatia
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