Economics GK Practice Question and Answer
8 Q: With whose cooperation was the Durgapur Steel Plant established?
1514 060d3170964466567bd755c5a
60d3170964466567bd755c5a- 1Germanyfalse
- 2Great Britaintrue
- 3Russiafalse
- 4Francefalse
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Answer : 2. "Great Britain"
Q: Which of the following is considered a capital expense?
1502 064c3960f29beb3482a3bcc49
64c3960f29beb3482a3bcc49- 1Pensionfalse
- 2Payment of salariesfalse
- 3Subsidiesfalse
- 4Construction of school buildingstrue
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Answer : 4. "Construction of school buildings"
Explanation :
1. Capital expenditure is money spent by the government on the development of machinery, equipment, buildings, health facilities, education etc.
2. It also includes expenditure by the government on the acquisition of fixed assets like land and investments which give future profits or dividends.
3. Creation of assets as well as repayment of loans is also capital expenditure, as it reduces liability.
Q: In which of the following banks, a person cannot open his account?
1497 06088f9ef06b39f63ea8ee107
6088f9ef06b39f63ea8ee107- 1Bank of Indiafalse
- 2Urban Co-operative Bankfalse
- 3Reserve Bank of Indiatrue
- 4All thesefalse
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Answer : 3. "Reserve Bank of India"
Q: Which country is the largest consumer of gold in the world?
1489 060d3174d6cc0e73be00e4351
60d3174d6cc0e73be00e4351- 1Japanfalse
- 2Indiatrue
- 3Russiafalse
- 4Francefalse
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Answer : 2. "India"
Q: In which year Kisan Credit Card Scheme was launched?
1484 061139d8688e0566940a6f0a0
61139d8688e0566940a6f0a0- 11990false
- 21950false
- 31998true
- 42000false
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Answer : 3. "1998"
Q: Where is the headquarter of Food and Agriculture Organization located?
1484 061139cdd88e0566940a6ec6b
61139cdd88e0566940a6ec6b- 1Rometrue
- 2Genevafalse
- 3Parisfalse
- 4none of thesefalse
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Answer : 1. "Rome"
Q: Which economist prepared the first human development index?
1472 05f7d51623371cf6f4d4e545b
5f7d51623371cf6f4d4e545b- 1Prof. Amartya Senfalse
- 2Mehboob-ul-Haqtrue
- 3Dr. Manmohan Singhfalse
- 4None of thesefalse
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Answer : 2. "Mehboob-ul-Haq"
Q: Petrocard for the sale of petroleum products is issued by which company?
1469 061139221e60c1d4cec2676b8
61139221e60c1d4cec2676b8- 1H.P.C.Lfalse
- 2B.P.C.Ltrue
- 3L.O.C.Lfalse
- 4none of thesefalse
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