Economics GK Questions Practice Question and Answer
8 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 061a4cd9b0fbe1213ad996528
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: The ‘break-even point’ is where
712 0638f0f98d319b37ca1813bd2
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: 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 0649a9bb91a612ce001f65700
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.
Q: The rate at which the central bank of any country borrows money from the commercial banks within its own territories is called:
676 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: A fall in demand or rise in supply of a commodity–
668 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: 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: One of the essential conditions of Monopolistic competition is
623 0638f101a9ebad6607ba162b9
638f101a9ebad6607ba162b9- 1Many buyers but one sellerfalse
- 2Price discriminationfalse
- 3Product differentiationtrue
- 4Homogeneous productfalse
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Answer : 3. "Product differentiation "
Q: Which Department of the Government of India launched ‘One Health’ pilot project in April 2022?
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64106c2cdf653d9ac23ab2f8- 1Department of Consumer Affairsfalse
- 2Department of Animal Husbandry and Dairyingtrue
- 3Department of Pharmaceuticalsfalse
- 4Department of Commercefalse
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