You all must be aware or at least might be aware of the word Economics? Well of course, the word is one of the most important topics that any person must be aware of. Economics is basically the study of the world finance systems as well as the country's financial systems. Economics is something every persons grabs interest in because of several topics like budget given by government, the total exports and imports of the country, RBI guidelines, sensex and stock market operations and several other topics. Let us now have a look at the very amazing trivia quiz and find out how much you can answer about basic economic facts!
1. What is economics basically?
A. Study of economic concepts
B. Financialization concepts
C. GDP study and concepts
D. All of the above
2. What are the basic tools for shaping economic outcomes?
A. Cognitive skills
B. Soft skills
C. Both of them
D. None of the above
3. What among these does not have any link with the Economics?
A. Virus symptoms
B. GDP
C. Falling Economy
D. Imports and Exports Total
4. Which economic sector needs more attention?
A. Imports
B. Agriculture
C. Exports
D. Falling GDP
5. How does a market functions?
A. Price
B. Demand and supply
C. Monetary Functions
D. RBI
6. How many types of markets are there ?
A. 14
B. 2
C. 4
D. 15
7. What is the similar products called?
A. Homogenous
B. Heterogenous
C. Differentiated Products
D. None of the above
8. What is the shape of demand curve?
A. Concave
B. Upward Sloping
C. Downward Sloping
D. Convex
9. Who is the current Governer of RBI?
A. Raghuram Rajan
B. Ram Nath Kovind
C. Nirmala Sitharaman
D. Shaktikant Das
10. Which type of market is Delhi Metro Rail Corporation?
A. Oligopoly
B. Monopoly
C. Monopolist
D. Perfect Competitive
11. Who is the current finance Minister Of India?
A. Nirmala Sitharaman
B. Raghuram Rajan
C. P.Chidambram
D. Manmohan Singh
12. What is one example of Perfect Competitive Market?
A. Mobile Phones
B. Railways
C. Oil Market
D. Facebook
13. What is the name of one of the largest financial institutions?
A. World Health Organization
B. Reserve Bank Of India
C. Life Insurance Corporation
D. International Monetary Fund
14. Which market in the current scenario of COVID 19 has seen a great downfall?
A. Oil Market
B. Mobile Phones
C. Social Media Platforms
D. None of the above
15. What is the decision taken by government in the scenario of Coronavirus?
A. No EMIS option
B. Full salary to employees
C. Reducing interest rates
D. All of the above
Drop your comment here...
