Economics GK Practice Question and Answer
8 Q: Which is the most suitable grain in India?
1266 060376ad69792c13b2858a591
60376ad69792c13b2858a591- 1Wheatfalse
- 2Barleyfalse
- 3Maizefalse
- 4Ricetrue
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Answer : 4. "Rice"
Q: The Reserve Bank of India has an accounting year?
1257 06088fae49f98193d2deb2a9e
6088fae49f98193d2deb2a9e- 1October - Septemberfalse
- 2April-Marchtrue
- 3July-Junefalse
- 4None of thesefalse
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Answer : 2. "April-March"
Q: What is considered to be knowledge, technical skill, education etc. in the economy?
1250 060d3141f64466567bd75545c
60d3141f64466567bd75545c- 1Tangible physical capitalfalse
- 2Working Capitalfalse
- 3Human Capitaltrue
- 4none of thesefalse
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Answer : 3. "Human Capital"
Q: As per the recommendations of the National Statistical Commission, the Base Year of the GDP Series in India was revised from 2004-05 to ______ with effect from January 2015.
1248 064c24f74d3a6d4481eec7f3c
64c24f74d3a6d4481eec7f3c- 12011-12true
- 22013-14false
- 32005-06false
- 42009-10false
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Answer : 1. "2011-12"
Explanation :
1. From January 2015, as per the recommendations of the National Statistical Commission, the GDP in India The base year of the (GDP) series was revised from 2004-05 to 2011-12.
Q: In view of which of the following are cottage and small scale industries necessary in the Indian economy?
1244 060d3155c64466567bd7557ae
60d3155c64466567bd7557ae- 1employment generationtrue
- 2Income Generationfalse
- 3low costfalse
- 4none of thesefalse
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Answer : 1. "employment generation"
Q: Assume that the exchange rate between the US Dollar and the Indian Rupee is $1 = ₹55. Now if this exchange rate increases to $1 = ₹60, then in this situation the Indian Rupee has depreciated against the US Dollar.
1241 0649aaa06dad6f2e01f6e1304
649aaa06dad6f2e01f6e1304- 1depreciatedtrue
- 2appreciatedfalse
- 3appreciatedfalse
- 4overvaluedfalse
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Answer : 1. "depreciated"
Explanation :
मान लीजिए कि अमेरिकी डॉलर और भारतीय रुपये के बीच विनिमय दर $1= ₹55 है। अब यदि यह विनिमय दर बढ़कर $1 = ₹60 हो जाती है, तो इस स्थिति में अमेरिकी डॉलर की तुलना में भारतीय रुपये का _______ हुआ है।
Q: What is the relationship between the value of money and the price level in an economy?
1222 060d313871cefce3a61b25c73
60d313871cefce3a61b25c73- 1stablefalse
- 2inversetrue
- 3Anulomfalse
- 4none of thesefalse
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Answer : 2. "inverse"
Q: In which year the right to service was imposed in Bihar?
1218 06037678b9d90e74af72bd308
6037678b9d90e74af72bd308- 12011true
- 22012false
- 31980false
- 41999false
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