Economics GK Questions Practice Question and Answer
8 Q: The relation of Rajasthan Industrial Development and Planning Corporation (RIICO) is correct.
788 061a4ceea6075564728120a88
61a4ceea6075564728120a88- 1Jodhpur- 1980false
- 2Jaipur- 1981false
- 3Jodhpur- 1981false
- 4Jaipur- 1980true
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Answer : 4. "Jaipur- 1980"
Q: Value of Total Goods and Services produced in a country is its _____________ .
2335 05dc8e869513f8a7589a023c1
5dc8e869513f8a7589a023c1- 1Gross Domestic Producttrue
- 2Gross Revenue Incomefalse
- 3Total Goods Revenuefalse
- 4Total Incomefalse
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Answer : 1. "Gross Domestic Product"
Q: Where is the National Institute of Rural Development located?
764 06052ef2da01bc44789ad1711
6052ef2da01bc44789ad1711- 1Hyderabadtrue
- 2Patnafalse
- 3New Delhifalse
- 4Shimlafalse
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Answer : 1. "Hyderabad"
Q: The study of factor pricing is alternatively called the theory of
2718 05dc15b8fee5d9e2ea2b32a9e
5dc15b8fee5d9e2ea2b32a9e- 1functional distributiontrue
- 2personal distributionfalse
- 3Income distributionfalse
- 4wealth distributionfalse
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Answer : 1. "functional distribution "
Q: Which of the following industries has the highest labor force in India?
1423 05efbf5c3196e681f76e96f43
5efbf5c3196e681f76e96f43- 1Cement Industryfalse
- 2textile industrytrue
- 3Jute Industryfalse
- 4Iron-steel industryfalse
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Answer : 2. "textile industry"
Explanation :
In 2021, 43.96 percent of the workforce in India were employed in agriculture, while the other half was almost evenly distributed among the two other sectors, industry and services. While the share of Indians working in agriculture is declining, it is still the main sector of employment.
Q: Which of the following countries has a mixed economy?
1581 05f7d4fc81e5cb657ce31da52
5f7d4fc81e5cb657ce31da52- 1Americafalse
- 2Indiatrue
- 3Chinafalse
- 4Russiafalse
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Answer : 2. "India"
Q: Which currency is legally recognized in our country?
4312 05fc217a096415e6951aee167
5fc217a096415e6951aee167- 1Good moneyfalse
- 2Credit-currencyfalse
- 3letter moneytrue
- 4Checkfalse
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Answer : 3. "letter money"
Q: What is the maximum contribution to the national income of India?
840 06052f21d4999e13f2a6bb4ae
6052f21d4999e13f2a6bb4ae- 1Service Sectortrue
- 2Business Areafalse
- 3Agricultural sectorfalse
- 4Industry Sectorfalse
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