Economics GK Questions Practice Question and Answer
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Q: The four factors of production are
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638f1578d319b37ca181aa14- 1land, labour, capital, organisationtrue
- 2land, electricity, water, labourfalse
- 3labour, capital, land, rainfallfalse
- 4labour, climate, land, toolsfalse
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Answer : 1. "land, labour, capital, organisation"
Q: The relation of Rajasthan Industrial Development and Planning Corporation (RIICO) is correct.
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61a4ceea6075564728120a88- 1Jodhpur- 1980false
- 2Jaipur- 1981false
- 3Jodhpur- 1981false
- 4Jaipur- 1980true
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Answer : 4. "Jaipur- 1980"
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: The Human Development Index is attributed to which economist?
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6052f01ca37d522d6c186d89- 1Mehboob-ul-Haqtrue
- 2Amartya Senfalse
- 3Johnsonfalse
- 4None of thesefalse
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Answer : 1. "Mehboob-ul-Haq"
Q: As per Census 2011, under which of the following ranges does the literacy rate in India fall?
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643920a51ce944a93ea1d84b- 190% - 95%false
- 250% - 55%false
- 330% - 35%false
- 470% - 75%true
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Answer : 4. "70% - 75%"
Q: The demand for which of the following commodity will not rise in spite of a fall in its price?
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638f14c09ebad6607ba1c0fe- 1Televisionfalse
- 2Refrigeratorfalse
- 3Salttrue
- 4Meatfalse
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Answer : 3. "Salt "
Q: Where is the National Institute of Rural Development located?
987 06052ef2da01bc44789ad1711
6052ef2da01bc44789ad1711- 1Hyderabadtrue
- 2Patnafalse
- 3New Delhifalse
- 4Shimlafalse
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Answer : 1. "Hyderabad"
Q: In the law of demand, the statement “Other things remain constant” means
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638f109434f83f147296ab4d- 1income of consumer should not changefalse
- 2price of other goods should not changefalse
- 3taste of consumer should not changefalse
- 4All of the abovetrue
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Answer : 4. "All of the above"
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