Economics GK Practice Question and Answer
8 4 Q:
62c3fbf3a00ee61c312c307b 4 Q:
60d3155c64466567bd7557ae 4 Q:
638f0e92d319b37ca1812928 4 Q:
6088fae49f98193d2deb2a9e 4 Q:
60d3127f1cefce3a61b2567b 4 Q:
637f3e2d49a42a5ac162936c 4 Q:
6576f0a8e367ac7b2ea393a6 Answer : 4. "Inflation"
4 Q:
60d3141f64466567bd75545c
Q: 'Poot determines his own demand' - Whose statement is this?
937 062c3fbf3a00ee61c312c307b
62c3fbf3a00ee61c312c307b- 1Adam Smithfalse
- 2J. B. Se.true
- 3Marshalfalse
- 4Ricardofalse
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Answer : 2. "J. B. Se."
Q: In view of which of the following are cottage and small scale industries necessary in the Indian economy?
936 060d3155c64466567bd7557ae
60d3155c64466567bd7557ae- 1employment generationtrue
- 2Income Generationfalse
- 3low costfalse
- 4none of thesefalse
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Answer : 1. "employment generation"
Q: Average Revenue means
926 0638f0e92d319b37ca1812928
638f0e92d319b37ca1812928- 1the revenue per unit of commodity soldtrue
- 2the revenue from all commodities soldfalse
- 3the profit realised from the marginal unit soldfalse
- 4the profit realised by sale of all commoditiesfalse
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Answer : 1. "the revenue per unit of commodity sold"
Q: The Reserve Bank of India has an accounting year?
916 06088fae49f98193d2deb2a9e
6088fae49f98193d2deb2a9e- 1October - Septemberfalse
- 2April-Marchtrue
- 3July-Junefalse
- 4None of thesefalse
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Answer : 2. "April-March"
Q: Which of the following is considered as the main determinant of real wages?
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60d3127f1cefce3a61b2567b- 1purchasing power of moneytrue
- 2Nature of workfalse
- 3additional incomefalse
- 4none of thesefalse
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Answer : 1. "purchasing power of money"
Q: Round Revolution in India was related to -
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637f3e2d49a42a5ac162936c- 1Potatotrue
- 2Onionfalse
- 3Oil seedsfalse
- 4Tomatofalse
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Answer : 1. "Potato "
Q: As per the Indian practices of national accounting, which of the following is adjusted in the nominal Gross Domestic Product (GDP) to arrive at the real GDP?
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6576f0a8e367ac7b2ea393a6- 1Government borrowingsfalse
- 2Depreciationfalse
- 3Foreign exchangefalse
- 4Inflationtrue
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Answer : 4. "Inflation"
Explanation :
As per Indian practices of national accounting, nominal gross domestic product (GDP) is inflation-adjusted to arrive at real GDP.
Q: What is considered to be knowledge, technical skill, education etc. in the economy?
891 060d3141f64466567bd75545c
60d3141f64466567bd75545c- 1Tangible physical capitalfalse
- 2Working Capitalfalse
- 3Human Capitaltrue
- 4none of thesefalse
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Answer : 3. "Human Capital"
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