Economics GK Questions Practice Question and Answer
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61a4cd9b0fbe1213ad996528 4 Q:
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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"
Q: Which of the following is the financial institution for the industrial development of Rajasthan-
(A) RICO
(B) RAJCO
(C). R. F. C.
(D) R. U. R. A
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61a4cd9b0fbe1213ad996528- 1(A)(B)(C)false
- 2(B)(C)(D)false
- 3(A)(B)(D)false
- 4(A) (B)(C)(D)true
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Answer : 4. "(A) (B)(C)(D)"
Q: Rural Employment Generation Programme (REGP) was launched in _____.
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641960a72b960e1a416a8c40- 11995true
- 21990false
- 31999false
- 41992false
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Answer : 1. "1995 "
Q: The ‘break-even point’ is where
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638f0f98d319b37ca1813bd2- 1marginal revenue equals marginal costfalse
- 2average revenue equals average costtrue
- 3total revenue equals total costfalse
- 4None of thesefalse
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Answer : 2. "average revenue equals average cost"
Q: A fall in demand or rise in supply of a commodity–
764 0638f18d534f83f1472973cd5
638f18d534f83f1472973cd5- 1Increases the price of that commodityfalse
- 2decreases the price of that commoditytrue
- 3neutralises the changes in the pricefalse
- 4determines the price elasticityfalse
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Answer : 2. "decreases the price of that commodity"
Q: One of the essential conditions of Monopolistic competition is
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638f101a9ebad6607ba162b9- 1Many buyers but one sellerfalse
- 2Price discriminationfalse
- 3Product differentiationtrue
- 4Homogeneous productfalse
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Answer : 3. "Product differentiation "
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: Which Department of the Government of India launched ‘One Health’ pilot project in April 2022?
689 064106c2cdf653d9ac23ab2f8
64106c2cdf653d9ac23ab2f8- 1Department of Consumer Affairsfalse
- 2Department of Animal Husbandry and Dairyingtrue
- 3Department of Pharmaceuticalsfalse
- 4Department of Commercefalse
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Answer : 2. "Department of Animal Husbandry and Dairying "
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