Economics GK Practice Question and Answer
8 Q: Which of the following is the most dynamic factor of production?
1184 060d3150b025df84f0791cd45
60d3150b025df84f0791cd45- 1Capitaltrue
- 2Organizationfalse
- 3landfalse
- 4Laborfalse
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Answer : 1. "Capital"
Q: Where is the headquarters of International Organization for Standardization (ISO)?
1183 0603767ce24cd273bc4f512c8
603767ce24cd273bc4f512c8- 1Dhakafalse
- 2Genevatrue
- 3New Yorkfalse
- 4Londonfalse
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Answer : 2. "Geneva"
Q: Petrocard for the sale of petroleum products is issued by which company?
1181 061139221e60c1d4cec2676b8
61139221e60c1d4cec2676b8- 1H.P.C.Lfalse
- 2B.P.C.Ltrue
- 3L.O.C.Lfalse
- 4none of thesefalse
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Answer : 2. "B.P.C.L"
Q: When was the Industrial Finance Corporation of India established?
1178 060d3168d025df84f0791d21d
60d3168d025df84f0791d21d- 11945false
- 21948true
- 31953false
- 41990false
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Answer : 2. "1948"
Q: Which of the following is considered a capital expense?
1177 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: The Federal Reserve Bank is the central bank of which country?
1175 06088fccd9f98193d2deb2c2a
6088fccd9f98193d2deb2c2a- 1Americatrue
- 2Germanyfalse
- 3Francefalse
- 4Othersfalse
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Answer : 1. "America"
Q: Which state is the largest producer of pepper in India?
1171 060376a93cd43d04a8f4b7190
60376a93cd43d04a8f4b7190- 1Tamil Nadufalse
- 2Andhra Pradeshfalse
- 3Keralatrue
- 4Meghalayafalse
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Answer : 3. "Kerala"
Q: Which economist prepared the first human development index?
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5f7d51623371cf6f4d4e545b- 1Prof. Amartya Senfalse
- 2Mehboob-ul-Haqtrue
- 3Dr. Manmohan Singhfalse
- 4None of thesefalse
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