Economics GK Questions Practice Question and Answer

Q:

What was the number of bank offices/branches in Rajasthan till September 2020?

1303 0

  • 1
    7685
    Correct
    Wrong
  • 2
    8020
    Correct
    Wrong
  • 3
    7832
    Correct
    Wrong
  • 4
    7680
    Correct
    Wrong
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Answer : 1. " 7685 "
Explanation :

The total number of notified commercial banks of all types in the state increased to 7685 in December 2020 from 7143 in December 2017.

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

1293 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 marginal utility is zero, the total utility is

1286 0

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

Q:

The Human Development Index is attributed to which economist?

1286 0

  • 1
    Mehboob-ul-Haq
    Correct
    Wrong
  • 2
    Amartya Sen
    Correct
    Wrong
  • 3
    Johnson
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Mehboob-ul-Haq"

Q:

The relation of Rajasthan Industrial Development and Planning Corporation (RIICO) is correct.

1279 0

  • 1
    Jodhpur- 1980
    Correct
    Wrong
  • 2
    Jaipur- 1981
    Correct
    Wrong
  • 3
    Jodhpur- 1981
    Correct
    Wrong
  • 4
    Jaipur- 1980
    Correct
    Wrong
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Answer : 4. "Jaipur- 1980"

Q:

A fall in demand or rise in supply of a commodity–

1262 0

  • 1
    Increases the price of that commodity
    Correct
    Wrong
  • 2
    decreases the price of that commodity
    Correct
    Wrong
  • 3
    neutralises the changes in the price
    Correct
    Wrong
  • 4
    determines the price elasticity
    Correct
    Wrong
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Answer : 2. "decreases the price of that commodity"

Q:

Rural Employment Generation Programme (REGP) was launched in _____. 

1245 0

  • 1
    1995
    Correct
    Wrong
  • 2
    1990
    Correct
    Wrong
  • 3
    1999
    Correct
    Wrong
  • 4
    1992
    Correct
    Wrong
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Answer : 1. "1995 "

Q:

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

1243 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"

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