Economics GK Questions Practice Question and Answer

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

716 0

  • 1
    (A)(B)(C)
    Correct
    Wrong
  • 2
    (B)(C)(D)
    Correct
    Wrong
  • 3
    (A)(B)(D)
    Correct
    Wrong
  • 4
    (A) (B)(C)(D)
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 4. "(A) (B)(C)(D)"

Q:

The ‘break-even point’ is where

712 0

  • 1
    marginal revenue equals marginal cost
    Correct
    Wrong
  • 2
    average revenue equals average cost
    Correct
    Wrong
  • 3
    total revenue equals total cost
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 2. "average revenue equals average cost"

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

683 0

  • 1
    A, B, C and D
    Correct
    Wrong
  • 2
    A and B
    Correct
    Wrong
  • 3
    B and C
    Correct
    Wrong
  • 4
    A, C and D
    Correct
    Wrong
  • Show Answer
  • Workspace

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.

Q:

The rate at which the central bank of any country borrows money from the commercial banks within its own territories is called:

676 0

  • 1
    Primary Lending Rate
    Correct
    Wrong
  • 2
    Reverse Repo Rate
    Correct
    Wrong
  • 3
    Repo Rate
    Correct
    Wrong
  • 4
    Secondary Lending Rate
    Correct
    Wrong
  • Show Answer
  • Workspace

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:

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

668 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
  • Show Answer
  • Workspace

Answer : 2. "decreases the price of that commodity"

Q:

As per Census 2011, under which of the following ranges does the literacy rate in India fall? 

626 0

  • 1
    90% - 95%
    Correct
    Wrong
  • 2
    50% - 55%
    Correct
    Wrong
  • 3
    30% - 35%
    Correct
    Wrong
  • 4
    70% - 75%
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 4. "70% - 75%"

Q:

One of the essential conditions of Monopolistic competition is

623 0

  • 1
    Many buyers but one seller
    Correct
    Wrong
  • 2
    Price discrimination
    Correct
    Wrong
  • 3
    Product differentiation
    Correct
    Wrong
  • 4
    Homogeneous product
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 3. "Product differentiation "

Q:

Which Department of the Government of India launched ‘One Health’ pilot project in April 2022?

602 0

  • 1
    Department of Consumer Affairs
    Correct
    Wrong
  • 2
    Department of Animal Husbandry and Dairying
    Correct
    Wrong
  • 3
    Department of Pharmaceuticals
    Correct
    Wrong
  • 4
    Department of Commerce
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 2. "Department of Animal Husbandry and Dairying "

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully