Economy gk questions

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Economy General knowledge (GK) Quiz

Question 1 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Individuals who come up with a new idea for a good or service, then they make it a reality [(ESE)Engineering Services Exam -1986]
A
resource
B
human resources
C
consumer
D
entrepreneur
Question 2 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Most of the workers in ..... sector enjoy job security. [(JKCET)Jammu & Kashmir Common Entrance Test-1998]
A
Organised
B
Private
C
Unorganised
D
Public
Question 3 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Full form of GDP [(RPE)Rajasthan Polytechnic Exam-2001]
A
Growth Development Index
B
Gross Domestic Product
C
Both A and B
D
None of these
Question 4 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following was the main features of Indian economy on the eve of independence? [(BITSAT)Birla Institute of Technology and Science Admission Test-1983]
A
Semi-feudal economy
B
Urbanized economy
C
Industrial economy
D
All of these
Question 5 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
National Income in India is estimated by:- [(SET)Symbiosis Entrance Test-1995]
A
Planning Commission
B
Reserve Bank of India
C
Finance Ministry
D
Central Statistical Organization
Question 6 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Ganga river between .....and Haldia is national waterway 1 [(DPU AIBTCET)DY Patil Vidyapeeth All India Biotechnology CommonEntrance Test -2012]
A
Allahabad
B
Sadiya
C
Dhubri
D
None of the above
Question 7 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Till which time period, production was organised within the countries? [(GCET)Goa Common Entrance Test-2011]
A
Middle of twentieth century
B
End of twentieth century
C
Starting of twentieth century
D
Till nineteenth century
Question 8 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
With 'Green Revolution', India could increased manifold the production of which commodity? [(UPTET)Uttar Pradesh Teacher Eligibility Test-1983]
A
Milk
B
Fish
C
Foodgrains
D
Iron
Question 9 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
GDP I is the sum of [(JEECUP)Uttar Pradesh Joint Entrance Examination (Polytechnic)-2022]
A
All the goods and services produced in a year
B
All the final goods and services produced in a year
C
All the intermediate goods produced in a year
D
all the services produced in a year
Question 10 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
..... Industry was affected the most due to partition of India. [(KEAM)Kerala Engineering Architecture Medical Entrance Exam-2020]
A
Cotton
B
Jute
C
Steel
D
Automobile
Question 11 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
If tax is imposed on Chinese toys, what will happen? [(NEET)National Eligibility and Entrance Test-2001]
A
Chinese toy-makers will benefit
B
Indian toy-makers will prosper
C
Chinese toys will remain cheap
D
Indian consumers will buy more Chinese toys
Question 12 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is tha following is tha Banker of Banks? [(UPES DAT)University of Petroleum and Energy Studies Design Aptitude Test -1996]
A
IDBI
B
SBI
C
RBI
D
SBI and RBI
Question 13 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Service is both [(TNEA)Tamil Nadu Engineering Admissions-2016]
A
tangible
B
intangible
C
physical product
D
both 1 and 2
Question 14 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Even after few years of independence India was importing food gains from ..... [(MPPSC)Madhya Pradesh Public Service Commission-2021]
A
Russia
B
US
C
UK
D
France
Question 15 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who among the following took attempts to calculate national income of India on the eve of independence? [(AKNUCET)Adikavi Nannaya University Common Entrance Test-1997]
A
Dadabhai Naoroji
B
VKRV Rao
C
Findlay Shirras
D
All of the above
Question 16 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Indian economy is more appropriately described as ..... economy. [(BHU PET)Banaras Hindu University Postgraduate Entrance Test -1981]
A
Capitalist
B
Socialist
C
Mixed
D
Agriculturalist
Question 17 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Converting iron ore to steel is a part of [(SSC CGL)Staff Selection Commission Combined Graduate Level Examination-2003]
A
primary activity
B
secondary activity
C
tertiary activity
D
all of these
Question 18 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When the skills of a labour force are not utilized to their full capacity it is known as [(AIMA UGAT)All India Management Association Under Graduate Aptitude Test -2007]
A
Employment
B
Labour Effort
C
Seasonal Unemployment
D
Underemployment
Question 19 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In terms of G.D.P., the share of tertiary sector in 2003 was: [(VITEEE)Vellore Institute of Technology Engineering Entrance Exam -1993]
A
between 20 to 30%
B
between 30 to 40%
C
between 50 to 60%
D
above 70%
Question 20 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Consider the following Statements:
  1. The Southernmost point of North - South corridor is Uri.
  2. MNCs set up production units on the basis of proximity to the markets.
  3. The public sector aims to make good use of taxpayers' money and provide the services needed.
Which of the following statement(s) is/are true? [(RPET)Rajasthan Pre-Engineering Test -2008]
A
Only 1, 2
B
Only 1, 3
C
Only 1, 2, 3
D
Only 2, 3
There are 20 questions to complete.