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Economics Set - 01
Economics · 5 Questions
Question 1
What does GDP stand for?
- A Gross Domestic Product
- B General Domestic Production
- C Gross Domestic Production
- D Global Domestic Product
✓ Correct Answer: Option A
Explanation:
GDP stands for Gross Domestic Product. It is the total monetary value of all goods and services produced within a country in a specific time period.
GDP stands for Gross Domestic Product. It is the total monetary value of all goods and services produced within a country in a specific time period.
Question 2
The Green Revolution in India primarily focused on?
- A Fruits and vegetables
- B Wheat and Rice
- C Cash crops
- D Pulses
✓ Correct Answer: Option B
Explanation:
The Green Revolution in India (1960s-70s) primarily focused on increasing the production of wheat and rice through high-yielding variety seeds, irrigation, and fertilizers.
The Green Revolution in India (1960s-70s) primarily focused on increasing the production of wheat and rice through high-yielding variety seeds, irrigation, and fertilizers.
Question 3
Which organization publishes the Human Development Index?
- A World Bank
- B IMF
- C UNDP
- D WTO
✓ Correct Answer: Option C
Explanation:
The Human Development Index (HDI) is published annually by the United Nations Development Programme (UNDP) in its Human Development Report.
The Human Development Index (HDI) is published annually by the United Nations Development Programme (UNDP) in its Human Development Report.
Question 4
What is the full form of SEBI?
- A Securities and Exchange Board of India
- B Stock Exchange Board of India
- C Securities and Economy Board of India
- D State Exchange Bureau of India
✓ Correct Answer: Option A
Explanation:
SEBI stands for Securities and Exchange Board of India. It is the regulator for the securities market in India, established in 1992.
SEBI stands for Securities and Exchange Board of India. It is the regulator for the securities market in India, established in 1992.
Question 5
The Fiscal Policy of India is formulated by?
- A RBI
- B NITI Aayog
- C Ministry of Finance
- D Planning Commission
✓ Correct Answer: Option C
Explanation:
Fiscal Policy in India is formulated by the Ministry of Finance. It involves decisions about government expenditure, taxation, and borrowing.
Fiscal Policy in India is formulated by the Ministry of Finance. It involves decisions about government expenditure, taxation, and borrowing.
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