Economics GK Questions Practice Question and Answer
8 Q: What do you understand by closed economy?
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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?
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6052f2964999e13f2a6bb577- 1Gujaratfalse
- 2Maharashtrafalse
- 3Goatrue
- 4Punjabfalse
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Answer : 3. "Goa"
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
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638f18639ebad6607ba1e9c3- 1perfectly inelasticfalse
- 2elasticfalse
- 3perfectly elastictrue
- 4inelasticfalse
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Answer : 3. "perfectly elastic "
Q: When is the agriculture census done in Rajasthan -
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634e5b1ee4e07e287e8d997c- 1Every 4 yearsfalse
- 2Every 6 yearsfalse
- 3Every 5 yearstrue
- 4Every 3 yearsfalse
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Answer : 3. "Every 5 years"
Q: The state is the first state to issue a human development report?
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6052f066a37d522d6c186ebc- 1Keralafalse
- 2Rajasthanfalse
- 3U.P.false
- 4Madhya Pradeshtrue
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Answer : 4. "Madhya Pradesh"
Q: What is the economy of Rajasthan based on?
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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.
Q: When marginal utility is zero, the total utility is
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638f0eef34f83f147296a590- 1Minimumfalse
- 2Increasingfalse
- 3Maximumtrue
- 4Decreasingfalse
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