Economics GK Questions Practice Question and Answer
8 Q: The demand for which of the following commodity will not rise in spite of a fall in its price?
850 0638f14c09ebad6607ba1c0fe
638f14c09ebad6607ba1c0fe- 1Televisionfalse
- 2Refrigeratorfalse
- 3Salttrue
- 4Meatfalse
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Answer : 3. "Salt "
Q: Where is the National Institute of Rural Development located?
849 06052ef2da01bc44789ad1711
6052ef2da01bc44789ad1711- 1Hyderabadtrue
- 2Patnafalse
- 3New Delhifalse
- 4Shimlafalse
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Answer : 1. "Hyderabad"
Q: When is the agriculture census done in Rajasthan -
849 0634e5b1ee4e07e287e8d997c
634e5b1ee4e07e287e8d997c- 1Every 4 yearsfalse
- 2Every 6 yearsfalse
- 3Every 5 yearstrue
- 4Every 3 yearsfalse
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Answer : 3. "Every 5 years"
Q: As per Census 2011, which of the following union territories of India has the lowest population?
840 064391bb52b960e1a41b0e7c9
64391bb52b960e1a41b0e7c9- 1Daman and Diufalse
- 2Delhifalse
- 3Chandigarhfalse
- 4Lakshadweeptrue
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Answer : 4. " Lakshadweep"
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 Human Development Index is attributed to which economist?
837 06052f01ca37d522d6c186d89
6052f01ca37d522d6c186d89- 1Mehboob-ul-Haqtrue
- 2Amartya Senfalse
- 3Johnsonfalse
- 4None of thesefalse
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Answer : 1. "Mehboob-ul-Haq"
Q: The rate at which the central bank of any country borrows money from the commercial banks within its own territories is called:
829 06572eaa4a1070fbf9bedd64b
6572eaa4a1070fbf9bedd64b- 1Primary Lending Ratefalse
- 2Reverse Repo Ratetrue
- 3Repo Ratefalse
- 4Secondary Lending Ratefalse
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Answer : 2. "Reverse Repo Rate"
Explanation :
The reverse repo rate is the rate at which the Reserve Bank of India borrows funds from commercial banks in the country. It is the rate at which commercial banks in India park their excess money with the Reserve Bank of India, usually for the short term.
Q: Which of the following is/are one of the United Nations Sustainable Development Goals?
(A) Zero Hunger
(B) Climate Action
(C) Life Below Water
(D) Quality Education
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649a9bb91a612ce001f65700- 1A, B, C and Dtrue
- 2A and Bfalse
- 3B and Cfalse
- 4A, C and Dfalse
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Answer : 1. "A, B, C and D"
Explanation :
All these are the main goals of the United Nations Sustainable Development Goals.
(A) Zero Hunger
(B) Climate Action
(C) Life Below Water
(D) Quality Education
Major goals of the UN Sustainable Development Goals:
1. Poverty Eradication: End extreme poverty for all people everywhere by 2030.
2. End hunger: Ensure food security and improved nutrition for all by 2030 and promote sustainable agriculture.
3. Health and Well-Being: To promote healthy lives and well-being for people of all ages.
4. Education for all: To ensure inclusive and equitable quality education for all by 2030.
5. Gender equality: Achieving gender equality and promoting the empowerment of women and girls.
6. Clean water and sanitation: Ensuring safe and accessible clean water and sanitation services for all.