Economics GK Questions with Answers- October 9, 2023
Economics GK Questions with Answers-Claudia Goldin wins the 2023 Nobel Prize in Economics
- Claudia Goldin wins the 2023 Nobel Prize in Economics.
- The award was announced by the Royal Swedish Academy of Sciences on October 9th.
- Professor Goldin is from Harvard University.
- Her research focuses on women’s contribution to the labor market.
- Goldin provided a first-of-its-kind account of women’s earnings and labor market participation over centuries.
- Her work unraveled the reasons behind the existing gender gap.
- The prize recognized Goldin for “advancing our understanding of women’s labor market outcomes.”
- Claudia Goldin is the third woman to receive this award since 1969.
- Goldin’s 2023 win marks the end of this year’s Nobel award season.
- The Academy lauds Goldin for her deep dive into historical data and uncovering surprising facts.
- She highlighted how women’s career choices have been constrained by marital and familial duties.
- Goldin’s findings reveal that significant societal change is slow because of long-standing expectations.
- Her research is relevant not only to the U.S. but also reflects patterns seen in other countries.
- Goldin showcased that female labor market participation experienced a U-shaped curve over two centuries.
- Married women’s labor participation decreased during the shift from agrarian to industrial societies.
- This participation increased again with the rise of the service sector in the 20th century.
- The U-shaped trend was attributed to structural changes and shifting social norms.
- The 2022 Nobel Prize in Economic Sciences was awarded to Ben Bernanke, Douglas Diamond, and Philip Dybvig.
- The Nobel Prize in Economics wasn’t part of Alfred Nobel’s original 1896 will.
- The prize originated from a donation by the Swedish Central Bank, sometimes leading it to be called the “false Nobel.”
Economics GK Questions with Answers- April 6, 2023
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Who is the current Governor of Reserve Bank of India (RBI)?
Answer: Shaktikanta Das.
Explanation: Shaktikanta Das is the current Governor of Reserve Bank of India (RBI).
What is the currency of India?
Answer: Indian Rupee (INR).
Explanation: Indian Rupee (INR) is the official currency of India.
Which is the first Indian company to cross the $1 trillion market cap?
Answer: Reliance Industries Limited.
Explanation: Reliance Industries Limited is the first Indian company to cross the $1 trillion market cap.
What is the name of the Indian stock exchange where Sensex is traded?
Answer: Bombay Stock Exchange (BSE).
Explanation: Bombay Stock Exchange (BSE) is the Indian stock exchange where Sensex is traded.
Who is the founder of Infosys Technologies?
Answer: N. R. Narayana Murthy.
Explanation: N. R. Narayana Murthy is the founder of Infosys Technologies.
What is the name of the largest public sector bank in India?
Answer: State Bank of India (SBI).
Explanation: State Bank of India (SBI) is the largest public sector bank in India.
What is the name of the Indian e-commerce company that was acquired by Walmart in 2018?
Answer: Flipkart.
Explanation: Flipkart is the Indian e-commerce company that was acquired by Walmart in 2018.
Who is the current Finance Minister of India?
Answer: Nirmala Sitharaman.
Explanation: Nirmala Sitharaman is the current Finance Minister of India.
What is the name of the Indian government’s flagship financial inclusion program?
Answer: Pradhan Mantri Jan Dhan Yojana (PMJDY).
Explanation: Pradhan Mantri Jan Dhan Yojana (PMJDY) is the Indian government’s flagship financial inclusion program.
What is the name of the Indian company that produces the popular soft drink Thums Up?
Answer: Coca-Cola India.
Explanation: Coca-Cola India is the company that produces the popular soft drink Thums Up.
What is the name of the Indian multinational conglomerate that operates in over 100 countries and has business interests in areas such as steel, automotive, and oil and gas?
Answer: Tata Group.
Explanation: Tata Group is the Indian multinational conglomerate that operates in over 100 countries and has business interests in areas such as steel, automotive, and oil and gas.
What is the name of the Indian railway budget carrier launched in 2019?
Answer: Vande Bharat Express.
Explanation: Vande Bharat Express is the Indian railway budget carrier launched in 2019.
What is the name of the Indian insurance company that is the largest by market share?
Answer: Life Insurance Corporation of India (LIC).
Explanation: Life Insurance Corporation of India (LIC) is the Indian insurance company that is the largest by market share.
Who is the current CEO of the Indian IT services company Wipro?
Answer: Thierry Delaporte.
Explanation: Thierry Delaporte is the current CEO of the Indian IT services company Wipro.
What is the name of the Indian social networking site launched in 2007?
Answer: Orkut.
Explanation: Orkut is the Indian social networking site launched in 2007.
What is the name of the Indian conglomerate that owns brands such as Lux, Dove, and Surf Excel?
Answer: Hindustan
What is the name of the Indian steel company that is the largest by production capacity?
Answer: JSW Steel.
Explanation: JSW Steel is the Indian steel company that is the largest by production capacity.
What is the name of the Indian automobile manufacturer that produces the popular SUV Scorpio?
Answer: Mahindra & Mahindra.
Explanation: Mahindra & Mahindra is the Indian automobile manufacturer that produces the popular SUV Scorpio.
What is the name of the Indian e-commerce company that is owned by the Tata Group?
Answer: Tata Cliq.
Explanation: Tata Cliq is the Indian e-commerce company that is owned by the Tata Group.
What is the name of the Indian FMCG company that is the largest by revenue?
Answer: Hindustan Unilever Limited (HUL).
Explanation: Hindustan Unilever Limited (HUL) is the Indian FMCG company that is the largest by revenue.
What is the name of the Indian startup that operates India’s largest online pharmacy?
Answer: PharmEasy.
Explanation: PharmEasy is the Indian startup that operates India’s largest online pharmacy.
What is the name of the Indian company that is the largest producer of milk and milk products?
Answer: Amul.
Explanation: Amul is the Indian company that is the largest producer of milk and milk products.
What is the name of the Indian software company that is the largest by revenue?
Answer: Tata Consultancy Services (TCS).
Explanation: Tata Consultancy Services (TCS) is the Indian software company that is the largest by revenue.
What is the name of the Indian company that is the largest producer of two-wheelers?
Answer: Hero MotoCorp.
Explanation: Hero MotoCorp is the Indian company that is the largest producer of two-wheelers.
What is the name of the Indian company that operates the largest chain of hospitals in Asia?
Answer: Apollo Hospitals.
Explanation: Apollo Hospitals is the Indian company that operates the largest chain of hospitals in Asia.
What is the name of the Indian government’s flagship program for promoting entrepreneurship?
Answer: Startup India.
Explanation: Startup India is the Indian government’s flagship program for promoting entrepreneurship.
What is the name of the Indian company that produces the popular instant noodle brand Maggi?
Answer: Nestle India.
Explanation: Nestle India is the Indian company that produces the popular instant noodle brand Maggi.
What is the name of the Indian company that is the largest producer of cigarettes?
Answer: ITC Limited.
Explanation: ITC Limited is the Indian company that is the largest producer of cigarettes.
What is the name of the Indian company that operates the largest telecom network in India?
Answer: Reliance Jio.
Explanation: Reliance Jio is the Indian company that operates the….. continue please
Sure, here are some more one-liner Indian economics and business GK questions with answers and explanations:
What is the name of the Indian company that operates the largest oil refinery in the world?
Answer: Reliance Industries Limited.
Explanation: Reliance Industries Limited operates the largest oil refinery in the world in Jamnagar, Gujarat.
What is the name of the Indian budget airline that is owned by InterGlobe Enterprises?
Answer: IndiGo.
Explanation: IndiGo is the Indian budget airline that is owned by InterGlobe Enterprises.
What is the name of the Indian pharmaceutical company that is the largest by revenue?
Answer: Sun Pharmaceutical Industries Limited.
Explanation: Sun Pharmaceutical Industries Limited is the Indian pharmaceutical company that is the largest by revenue.
What is the name of the Indian company that produces the popular brand of Indian whisky, Blender’s Pride?
Answer: Pernod Ricard India.
Explanation: Pernod Ricard India is the Indian company that produces the popular brand of Indian whisky, Blender’s Pride.
What is the name of the Indian company that produces the popular brand of Indian beer, Kingfisher?
Answer: United Breweries Limited.
Explanation: United Breweries Limited is the Indian company that produces the popular brand of Indian beer, Kingfisher.
What is the name of the Indian conglomerate that operates the luxury hotel chain Taj Hotels?
Answer: Tata Group.
Explanation: Tata Group operates the luxury hotel chain Taj Hotels.
What is the name of the Indian government’s flagship health insurance scheme?
Answer: Ayushman Bharat.
Explanation: Ayushman Bharat is the Indian government’s flagship health insurance scheme.
What is the name of the Indian company that operates the popular digital payments platform Paytm?
Answer: One97 Communications.
Explanation: One97 Communications is the Indian company that operates the popular digital payments platform Paytm.
What is the name of the Indian company that operates the popular food delivery platform Swiggy?
Answer: Bundl Technologies Private Limited.
Explanation: Bundl Technologies Private Limited is the Indian company that operates the popular food delivery platform Swiggy.
What is the name of the Indian company that is the largest manufacturer of tractors in the world?
Answer: Mahindra & Mahindra.
Explanation: Mahindra & Mahindra is the Indian company that is the largest manufacturer of tractors in the world.
What is the name of the Indian company that produces the popular digestive biscuit, Parle-G?
Answer: Parle Products.
Explanation: Parle Products is the Indian company that produces the popular digestive biscuit, Parle-G.
What is the name of the Indian online education platform that was founded in 2011?
Answer: Byju’s.
Explanation: Byju’s is the Indian online education platform that was founded in 2011.
What is the name of the Indian company that produces the popular hair oil brand, Parachute?
Answer: Marico.
Explanation: Marico is the Indian company that produces the popular hair oil brand, Parachute.
What is the name of the Indian company that operates India’s largest telecom network?
Answer: Reliance Jio Infocomm Limited.
Explanation: Reliance Jio Infocomm Limited is the Indian company that operates India’s largest telecom network.
What is the name of the Indian company that produces the popular detergent brand, Surf Excel?
Answer: Hindustan Unilever Limited (HUL).
Explanation: Hindustan Unilever Limited (HUL) is the Indian company that produces the popular detergent brand, Surf Excel.
What is the name of the Indian company that produces the popular toothpaste brand, Colgate?
Answer: Colgate-Palmolive (India) Limited.
Explanation: Colgate-Palmolive (India) Limited is the Indian company that produces the popular toothpaste brand, Colgate.
What is the name of the Indian company that produces the popular snack brand, Lays?
Answer: PepsiCo India.
Explanation: PepsiCo India is the Indian company that produces the popular snack brand, Lays.
What is the name of the Indian company that produces the popular motorcycle brand, Bajaj?
Answer: Bajaj Auto Limited.
Explanation: Bajaj Auto Limited is the Indian company that produces the popular motorcycle brand, Bajaj.
What is the name of the Indian company that produces the popular beer brand, Kingfisher?
Answer: United Breweries Limited.
Explanation: United Breweries Limited is the Indian company that produces the popular beer brand, Kingfisher.
What is the name of the Indian company that produces the popular chocolate brand, Cadbury?
Answer: Mondelez India Foods Private Limited.
Explanation: Mondelez India Foods Private Limited is the Indian company that produces the popular chocolate brand, Cadbury.
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