Economics GK Practice Question and Answer
8 Q: What is considered to be knowledge, technical skill, education etc. in the economy?
1330 060d3141f64466567bd75545c
60d3141f64466567bd75545c- 1Tangible physical capitalfalse
- 2Working Capitalfalse
- 3Human Capitaltrue
- 4none of thesefalse
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Answer : 3. "Human Capital"
Q: Who assesses the national income numbers in India?
1323 06052f37c528a962d2e41a137
6052f37c528a962d2e41a137- 1Planning Commission Ministry of Financefalse
- 2Central Statistical Organizationtrue
- 3Reserve Bank of Indiafalse
- 4Reserve Bank of Indiafalse
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Answer : 2. "Central Statistical Organization"
Q: Which is the most suitable grain in India?
1317 060376ad69792c13b2858a591
60376ad69792c13b2858a591- 1Wheatfalse
- 2Barleyfalse
- 3Maizefalse
- 4Ricetrue
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Answer : 4. "Rice"
Q: The Reserve Bank of India has an accounting year?
1315 06088fae49f98193d2deb2a9e
6088fae49f98193d2deb2a9e- 1October - Septemberfalse
- 2April-Marchtrue
- 3July-Junefalse
- 4None of thesefalse
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Answer : 2. "April-March"
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.
1305 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: What is the relationship between the value of money and the price level in an economy?
1287 060d313871cefce3a61b25c73
60d313871cefce3a61b25c73- 1stablefalse
- 2inversetrue
- 3Anulomfalse
- 4none of thesefalse
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Answer : 2. "inverse"
Q: In view of which of the following are cottage and small scale industries necessary in the Indian economy?
1277 060d3155c64466567bd7557ae
60d3155c64466567bd7557ae- 1employment generationtrue
- 2Income Generationfalse
- 3low costfalse
- 4none of thesefalse
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Answer : 1. "employment generation"
Q: 'Poot determines his own demand' - Whose statement is this?
1260 062c3fbf3a00ee61c312c307b
62c3fbf3a00ee61c312c307b- 1Adam Smithfalse
- 2J. B. Se.true
- 3Marshalfalse
- 4Ricardofalse
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