Economics GK Questions Practice Question and Answer

Q:

Where is the National Institute of Rural Development located?

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  • 1
    Hyderabad
    Correct
    Wrong
  • 2
    Patna
    Correct
    Wrong
  • 3
    New Delhi
    Correct
    Wrong
  • 4
    Shimla
    Correct
    Wrong
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Answer : 1. "Hyderabad"

Q:

The demand for which of the following commodity will not rise in spite of a fall in its price?

762 0

  • 1
    Television
    Correct
    Wrong
  • 2
    Refrigerator
    Correct
    Wrong
  • 3
    Salt
    Correct
    Wrong
  • 4
    Meat
    Correct
    Wrong
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Answer : 3. "Salt "

Q:

As per Census 2011, which of the following union territories of India has the lowest population? 

761 0

  • 1
    Daman and Diu
    Correct
    Wrong
  • 2
    Delhi
    Correct
    Wrong
  • 3
    Chandigarh
    Correct
    Wrong
  • 4
    Lakshadweep
    Correct
    Wrong
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Answer : 4. " Lakshadweep"

Q:

The Human Development Index is attributed to which economist?

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  • 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:

In the law of demand, the statement “Other things remain constant” means

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  • 1
    income of consumer should not change
    Correct
    Wrong
  • 2
    price of other goods should not change
    Correct
    Wrong
  • 3
    taste of consumer should not change
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
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Answer : 4. "All of the above"

Q:

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

731 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:

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

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  • 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 four factors of production are

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  • 1
    land, labour, capital, organisation
    Correct
    Wrong
  • 2
    land, electricity, water, labour
    Correct
    Wrong
  • 3
    labour, capital, land, rainfall
    Correct
    Wrong
  • 4
    labour, climate, land, tools
    Correct
    Wrong
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Answer : 1. "land, labour, capital, organisation"

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