Economics GK Questions Practice Question and Answer

Q:

What do you understand by closed economy?

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  • 1
    Import off
    Correct
    Wrong
  • 2
    Export stopped
    Correct
    Wrong
  • 3
    controlled capital
    Correct
    Wrong
  • 4
    Stop Import-Export
    Correct
    Wrong
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Answer : 4. "Stop Import-Export"

Q:

Which state has the highest per capita income?

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  • 1
    Gujarat
    Correct
    Wrong
  • 2
    Maharashtra
    Correct
    Wrong
  • 3
    Goa
    Correct
    Wrong
  • 4
    Punjab
    Correct
    Wrong
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Answer : 3. "Goa"

Q:

In which district agriculture is done on maximum area?

778 0

  • 1
    barmer
    Correct
    Wrong
  • 2
    Rajsamand
    Correct
    Wrong
  • 3
    Ganganagar
    Correct
    Wrong
  • 4
    Chittorgarh
    Correct
    Wrong
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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

774 0

  • 1
    perfectly inelastic
    Correct
    Wrong
  • 2
    elastic
    Correct
    Wrong
  • 3
    perfectly elastic
    Correct
    Wrong
  • 4
    inelastic
    Correct
    Wrong
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Answer : 3. "perfectly elastic "

Q:

When is the agriculture census done in Rajasthan -

769 0

  • 1
    Every 4 years
    Correct
    Wrong
  • 2
    Every 6 years
    Correct
    Wrong
  • 3
    Every 5 years
    Correct
    Wrong
  • 4
    Every 3 years
    Correct
    Wrong
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Answer : 3. "Every 5 years"

Q:

The state is the first state to issue a human development report?

766 0

  • 1
    Kerala
    Correct
    Wrong
  • 2
    Rajasthan
    Correct
    Wrong
  • 3
    U.P.
    Correct
    Wrong
  • 4
    Madhya Pradesh
    Correct
    Wrong
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Answer : 4. "Madhya Pradesh"

Q:

What is the economy of Rajasthan based on?

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  • 1
    Agriculture Based
    Correct
    Wrong
  • 2
    based on industry Based
    Correct
    Wrong
  • 3
    Based on service
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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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.

Q:

When marginal utility is zero, the total utility is

765 0

  • 1
    Minimum
    Correct
    Wrong
  • 2
    Increasing
    Correct
    Wrong
  • 3
    Maximum
    Correct
    Wrong
  • 4
    Decreasing
    Correct
    Wrong
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Answer : 3. "Maximum "

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