Economics GK Questions Practice Question and Answer

Q:

When is the agriculture census done in Rajasthan -

1110 0

  • 1
    Every 4 years
    Correct
    Wrong
  • 2
    Every 6 years
    Correct
    Wrong
  • 3
    Every 5 years
    Correct
    Wrong
  • 4
    Every 3 years
    Correct
    Wrong
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Answer : 3. "Every 5 years"

Q:

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

1103 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:

Where is the National Institute of Rural Development located?

1093 0

  • 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:

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

1087 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
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Answer : 2. "Department of Animal Husbandry and Dairying "

Q:

One of the essential conditions of Monopolistic competition is

1061 0

  • 1
    Many buyers but one seller
    Correct
    Wrong
  • 2
    Price discrimination
    Correct
    Wrong
  • 3
    Product differentiation
    Correct
    Wrong
  • 4
    Homogeneous product
    Correct
    Wrong
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Answer : 3. "Product differentiation "

Q:

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

1054 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:

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

1051 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
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Answer : 4. "(A) (B)(C)(D)"

Q:

The ‘break-even point’ is where

988 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
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Answer : 2. "average revenue equals average cost"

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