Economics GK Questions Practice Question and Answer
8 Q: Which Indian finance minister was India’s delegate to the World Monetary Conference at Bretton Woods in 1944?
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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: The rate at which the central bank of any country borrows money from the commercial banks within its own territories is called:
1234 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: Whose annual publication is the World Development Report?
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6052efbd4999e13f2a6babad- 1I.M.F.false
- 2W.T.O.false
- 3I.B.R.Dtrue
- 4None of thesefalse
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Answer : 3. "I.B.R.D"
Q: Which of the following is/are one of the United Nations Sustainable Development Goals?
(A) Zero Hunger
(B) Climate Action
(C) Life Below Water
(D) Quality Education
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649a9bb91a612ce001f65700- 1A, B, C and Dtrue
- 2A and Bfalse
- 3B and Cfalse
- 4A, C and Dfalse
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Answer : 1. "A, B, C and D"
Explanation :
All these are the main goals of the United Nations Sustainable Development Goals.
(A) Zero Hunger
(B) Climate Action
(C) Life Below Water
(D) Quality Education
Major goals of the UN Sustainable Development Goals:
1. Poverty Eradication: End extreme poverty for all people everywhere by 2030.
2. End hunger: Ensure food security and improved nutrition for all by 2030 and promote sustainable agriculture.
3. Health and Well-Being: To promote healthy lives and well-being for people of all ages.
4. Education for all: To ensure inclusive and equitable quality education for all by 2030.
5. Gender equality: Achieving gender equality and promoting the empowerment of women and girls.
6. Clean water and sanitation: Ensuring safe and accessible clean water and sanitation services for all.
Q: In which district agriculture is done on maximum area?
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61a4c18492711a18d3956a15- 1barmertrue
- 2Rajsamandfalse
- 3Ganganagarfalse
- 4Chittorgarhfalse
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Answer : 1. " barmer"
Explanation :
The State of Rajasthan falls in the three Agroclimatic Zones, i.e. Zone–VI -Trans-Gangetic Plains region, Zone–VIII-Central Plateau and Hills region and Zone–Western Dry region.
Q: If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is
1212 0638f18639ebad6607ba1e9c3
638f18639ebad6607ba1e9c3- 1perfectly inelasticfalse
- 2elasticfalse
- 3perfectly elastictrue
- 4inelasticfalse
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Answer : 3. "perfectly elastic "
Q: When marginal utility is zero, the total utility is
1194 0638f0eef34f83f147296a590
638f0eef34f83f147296a590- 1Minimumfalse
- 2Increasingfalse
- 3Maximumtrue
- 4Decreasingfalse
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Answer : 3. "Maximum "
Q: The four factors of production are
1194 0638f1578d319b37ca181aa14
638f1578d319b37ca181aa14- 1land, labour, capital, organisationtrue
- 2land, electricity, water, labourfalse
- 3labour, capital, land, rainfallfalse
- 4labour, climate, land, toolsfalse
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