Economics GK Questions Practice Question and Answer

Q:

What is the maximum contribution to the national income of India?

839 0

  • 1
    Service Sector
    Correct
    Wrong
  • 2
    Business Area
    Correct
    Wrong
  • 3
    Agricultural sector
    Correct
    Wrong
  • 4
    Industry Sector
    Correct
    Wrong
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Answer : 1. "Service Sector"

Q:

Production function expresses

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  • 1
    technological relationship between physical inputs and output
    Correct
    Wrong
  • 2
    financial relationship between physical inputs and output
    Correct
    Wrong
  • 3
    relationship between finance and technology
    Correct
    Wrong
  • 4
    relationship between factors of production
    Correct
    Wrong
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Answer : 1. "technological relationship between physical inputs and output"

Q:

In which of the following the industrial policy of Rajasthan has not been formulated-

834 0

  • 1
    1978
    Correct
    Wrong
  • 2
    1991
    Correct
    Wrong
  • 3
    2015
    Correct
    Wrong
  • 4
    2020
    Correct
    Wrong
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Answer : 4. "2020"
Explanation :

The correct answer is 1998. Key Points Fourth Industrial Policy of Rajasthan- The fourth Industrial Policy was implemented in Rajasthan on 4 June 1998. The Fourth Industrial Policy was implemented during the tenure of Rajasthan Chief Minister Bhairon Singh Shekhawat. Important Points Rajasthan Industries Department- Establishment- 1949 Headquarters- Jaipur Sixth Industrial Policy of Rajasthan- The Sixth Industrial Policy was implemented in Rajasthan on 8 August 2015. The Sixth Industrial Policy was implemented during the tenure of Rajasthan Chief Minister Vasundhara Raje. Presently the Sixth Industrial Policy is going on in Rajasthan. Share on Whatsapp

Q:

In which district is the maximum number of industries operating in Rajasthan?

811 0

  • 1
    Alwar
    Correct
    Wrong
  • 2
    Jaipur
    Correct
    Wrong
  • 3
    Jodhpur
    Correct
    Wrong
  • 4
    Udaipur
    Correct
    Wrong
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Answer : 2. "Jaipur"
Explanation :

District Industries Centre: It is setup by the government of Rajasthan. There are 36 districts working in Rajasthan. There are 8 Industries sub-districts centres. This department caters to the need of Micro, Small, and Medium Enterprises (MSME). These centres work for the development of handloom, textiles, handicrafts, marketing and other work involving their development. Industrial Potential Survey was published by district industries centre. Its headquarters is in Jaipur.

Q:

State's GDP Which sector contributes the most?

809 0

  • 1
    agricultural sector
    Correct
    Wrong
  • 2
    Industry sector
    Correct
    Wrong
  • 3
    Service area
    Correct
    Wrong
  • 4
    Foreign income
    Correct
    Wrong
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Answer : 3. "Service area"
Explanation :

The service sector, also called the tertiary sector contributes most of the GDP in India.

Q:

Which Indian finance minister was India’s delegate to the World Monetary Conference at Bretton Woods in 1944?

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  • 1
    KC Neogy
    Correct
    Wrong
  • 2
    CD Deshmukh
    Correct
    Wrong
  • 3
    John Mathai
    Correct
    Wrong
  • 4
    RK Shanmukham Chetty
    Correct
    Wrong
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Answer : 4. "RK Shanmukham Chetty"
Explanation :

1. In the World Monetary Conference at Bretton Woods in 1944, R. Of. Shanmukham Chetty served as the Indian Finance Minister.

 2. Served as Speaker of the Central Legislative Assembly of India, and also as Dewan of Cochin State from 1935 to 1941.

Q:

The relation of Rajasthan Industrial Development and Planning Corporation (RIICO) is correct.

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  • 1
    Jodhpur- 1980
    Correct
    Wrong
  • 2
    Jaipur- 1981
    Correct
    Wrong
  • 3
    Jodhpur- 1981
    Correct
    Wrong
  • 4
    Jaipur- 1980
    Correct
    Wrong
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Answer : 4. "Jaipur- 1980"

Q:

The Indian census is generally held every ______. 

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  • 1
    tenth year
    Correct
    Wrong
  • 2
    fourth year
    Correct
    Wrong
  • 3
    fifth year
    Correct
    Wrong
  • 4
    seventh year
    Correct
    Wrong
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Answer : 1. "tenth year "

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