Economics GK Questions Practice Question and Answer
8 Q: The Indian census is generally held every ______.
1433 064391a9506979810acdff03c
64391a9506979810acdff03c- 1tenth yeartrue
- 2fourth yearfalse
- 3fifth yearfalse
- 4seventh yearfalse
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Answer : 1. "tenth year "
Q: Which of the following statements is/are correct about the neighbouring countries of India?
(A) India supported Maldives in 2022 with a grant of nearly $4 billion to support the dwindling economy.
(B) India has the highest GDP in dollar terms as compared to Sri Lanka, Bhutan and Bangladesh.
1431 064b525902dc867f593f60f89
64b525902dc867f593f60f89(A) India supported Maldives in 2022 with a grant of nearly $4 billion to support the dwindling economy.
(B) India has the highest GDP in dollar terms as compared to Sri Lanka, Bhutan and Bangladesh.
- 1Only Btrue
- 2Neither A nor Bfalse
- 3Only Afalse
- 4Both A and Bfalse
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Answer : 1. "Only B"
Explanation :
1. Only B is correct.
2. India has the highest GDP in dollar terms as compared to Sri Lanka, Bhutan and Bangladesh.
Q: Following region contributes most to India's GDP?
1427 06052f5074999e13f2a6bcec2
6052f5074999e13f2a6bcec2- 1Primary Sectorfalse
- 2Tertiary sectortrue
- 3Secondary sectorfalse
- 4None of thesefalse
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Answer : 2. "Tertiary sector"
Q: What do you understand by closed economy?
1415 06052f0aea01bc44789ad1a4b
6052f0aea01bc44789ad1a4b- 1Import offfalse
- 2Export stoppedfalse
- 3controlled capitalfalse
- 4Stop Import-Exporttrue
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Answer : 4. "Stop Import-Export"
Q: In which of the following the industrial policy of Rajasthan has not been formulated-
1388 061a4ca2d6075564728119746
61a4ca2d6075564728119746- 11978false
- 21991false
- 32015false
- 42020true
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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: The rate at which the central bank of any country borrows money from the commercial banks within its own territories is called:
1386 06572eaa4a1070fbf9bedd64b
6572eaa4a1070fbf9bedd64b- 1Primary Lending Ratefalse
- 2Reverse Repo Ratetrue
- 3Repo Ratefalse
- 4Secondary Lending Ratefalse
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Answer : 2. "Reverse Repo Rate"
Explanation :
The reverse repo rate is the rate at which the Reserve Bank of India borrows funds from commercial banks in the country. It is the rate at which commercial banks in India park their excess money with the Reserve Bank of India, usually for the short term.
Q: Production function expresses
1381 0638f111a58400a550dc7fb8a
638f111a58400a550dc7fb8a- 1technological relationship between physical inputs and outputtrue
- 2financial relationship between physical inputs and outputfalse
- 3relationship between finance and technologyfalse
- 4relationship between factors of productionfalse
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Answer : 1. "technological relationship between physical inputs and output"
Q: In which district is the maximum number of industries operating in Rajasthan?
1362 061a4c5da92711a18d39577a0
61a4c5da92711a18d39577a0- 1Alwarfalse
- 2Jaipurtrue
- 3Jodhpurfalse
- 4Udaipurfalse
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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.