Economics GK Questions Practice Question and Answer
8 Q: Which of the following will cause property prices to fall?
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5efbf6a10a52267797b6afba- 1More liquidity in the economyfalse
- 2Reduction in reverse repo rate by RBIfalse
- 3Increase in reverse repo rate by RBIfalse
- 4Demand and Supplytrue
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Answer : 4. "Demand and Supply"
Explanation :
Demand and Supply: For any given area, demand in the real estate will always be inversely proportional to supply. If there is a decrease in supply, prices will obviously go up for the existing projects. With an overall increase in the number of unsold housing projects, prices will go down for each one of them.
Q: When was the Planning Commission formed in India?
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5f7d53ea3c7d8710e014920c- 115 March 1950true
- 215 September 1950false
- 315 October 1951false
- 4None of thesefalse
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Answer : 1. "15 March 1950"
Q: When was the National Nyadarshan established in the country?
1412 06052f265528a962d2e419bd1
6052f265528a962d2e419bd1- 11955false
- 21965false
- 31950true
- 41952false
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Answer : 3. "1950"
Q: Who introduced this definition of Mudra itself which creates Mudra?
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6052f54a4999e13f2a6bcf1b- 1Marshalfalse
- 2Hansonfalse
- 3Crowtherfalse
- 4Crowmertrue
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Answer : 4. "Crowmer"
Q: Which of the following is called primary field?
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5f7d51bb90b25c12b1ef8c5e- 1Agriculture sectortrue
- 2service sectorfalse
- 3Industrial sectorfalse
- 4None of thesefalse
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Answer : 1. "Agriculture sector"
Q: What is India's position in the Human Development Index?
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5f7d512590b25c12b1ef8ac9- 1126true
- 2127false
- 3129false
- 4128false
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Answer : 1. "126"
Q: What is the purpose of economic activities? Both
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5f7d50403c7d8710e0147a08- 1Livelihoodtrue
- 2Entertainmentfalse
- 3A) and (B)false
- 4None of thesefalse
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Answer : 1. "Livelihood"
Q: Who is the President of National Development Council?
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5f7d52a71e5cb657ce31ee53- 1Prime Ministertrue
- 2Presidentfalse
- 3Governorfalse
- 4Vice Presidentfalse
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