Economics GK Questions Practice Question and Answer
8 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.
1177 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: In which of the following the industrial policy of Rajasthan has not been formulated-
1145 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: Production function expresses
1137 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: The Indian census is generally held every ______.
1132 064391a9506979810acdff03c
64391a9506979810acdff03c- 1tenth yeartrue
- 2fourth yearfalse
- 3fifth yearfalse
- 4seventh yearfalse
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Answer : 1. "tenth year "
Q: What do you understand by closed economy?
1128 06052f0aea01bc44789ad1a4b
6052f0aea01bc44789ad1a4b- 1Import offfalse
- 2Export stoppedfalse
- 3controlled capitalfalse
- 4Stop Import-Exporttrue
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Answer : 4. "Stop Import-Export"
Q: Which state has the highest per capita income?
1124 06052f2964999e13f2a6bb577
6052f2964999e13f2a6bb577- 1Gujaratfalse
- 2Maharashtrafalse
- 3Goatrue
- 4Punjabfalse
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Answer : 3. "Goa"
Q: Which Indian finance minister was India’s delegate to the World Monetary Conference at Bretton Woods in 1944?
1124 064c22a2a96ae1f4842fef06d
64c22a2a96ae1f4842fef06d- 1KC Neogyfalse
- 2CD Deshmukhfalse
- 3John Mathaifalse
- 4RK Shanmukham Chettytrue
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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: What is the economy of Rajasthan based on?
1121 061a4c0156075564728116aa9
61a4c0156075564728116aa9- 1Agriculture Basedtrue
- 2based on industry Basedfalse
- 3Based on servicefalse
- 4None of thesefalse
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Answer : 1. "Agriculture Based"
Explanation :
Rajasthan is a mineral-rich state and has a diversified economy having agriculture, mining and tourism as its main engines of growth.