Economics Quiz: Economic knowledge helps you understand how the economy functions, including factors like production, consumption, and distribution of goods and services. It provides insights into various economic indicators, such as GDP, inflation, unemployment rates, and interest rates. Economic questions are common in competitive exams, such as SSC, Railways, Civil services, Banking, and other government exams. A strong grasp of economic concepts is necessary to answer these questions accurately and improve your overall score.
Who is the father of Microeconomics?
Adam Smith is known as the father of Microeconomics.
Which sector is known as the backbone of Indian Economy ?
Agriculture sector is considered to be the backbone of Indian Economy.