This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.
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Here are 50 General Knowledge questions and their answers: 1. What is the capital of India? Answer: New Delhi 2. Who was the first Prime Minister of India? Answer: Jawaharlal Nehru 3. Which is the largest state in India by area? Answer: Rajasthan 4. Which is the longest river in India? Answer: Ganga (Ganges) 5. Who is known as the "Father of the Indian Nation"? Answer: Mahatma Gandhi 6. When did India gain independence? Answer: August 15, 1947 7. What is the national animal of India? Answer: Tiger 8. What is the national bird of India? Answer: Peacock 9. What is the national flower of India? Answer: Lotus 10. What is the national fruit of India? Answer: Mango 11. What is the national tree of India? Answer: Banyan 12. What is the national anthem of India? Answer: Jana Gana Mana 13. Who composed the national anthem of India? Answer: Rabindranath Tagore 14. What is the national song of India? Answer: Vande Mataram 15. Who composed the national song of India? Answer: Bankim Chandra Chatterjee 16. How many states are there in India? Answer: 28 17. How many Union Territories are there in India? Answer: 8 18. Which is the highest mountain peak in India? Answer: Kanchenjunga 19. Which desert is located in India? Answer: Thar Desert 20. Which is the smallest state in India by area? Answer: Goa 21. Which is the most populous state in India? Answer: Uttar Pradesh 22. Who was the first President of India? Answer: Dr. Rajendra Prasad 23. What is the currency of India? Answer: Indian Rupee 24. Which monument is known as the "Symbol of Love" in India? Answer: Taj Mahal 25. In which city is the Gateway of India located? Answer: Mumbai 26. Which Indian state is known as the "Land of Five Rivers"? Answer: Punjab 27. Which festival is known as the "Festival of Lights"? Answer: Diwali 28. Which dance form originated in Kerala? Answer: Kathakali 29. Which is the oldest mountain range in India? Answer: Aravalli Range 30. Which ocean lies to the south of India? Answer: Indian Ocean 31. What is the full form of ISRO? Answer: Indian Space Research Organisation 32. Who was the first Indian woman to go to space? Answer: Kalpana Chawla 33. Which Indian city is known as the "Pink City"? Answer: Jaipur 34. Which Indian state is the largest producer of coffee? Answer: Karnataka 35. Which Indian state is known as the "Spice Garden of India"? Answer: Kerala 36. Which river is also known as "Dakshin Ganga"? Answer: Godavari 37. Who wrote the epic "Ramayana"? Answer: Valmiki 38. Who wrote the epic "Mahabharata"? Answer: Vyasa 39. Which is the largest freshwater lake in India? Answer: Wular Lake 40. Which is the largest saltwater lake in India? Answer: Chilika Lake 41. Which Indian state has the longest coastline? Answer: Gujarat 42. Which is the highest waterfall in India? Answer: Kunchikal Falls 43. Which Indian state is famous for its tea gardens? Answer: Assam 44. Who was the first Indian to win a Nobel Prize? Answer: Rabindranath Tagore 45. Which sport is considered the national sport of India? Answer: Field Hockey 46. What is the name of the Indian Parliament? Answer: Sansad 47. Which is the highest civilian award in India? Answer: Bharat Ratna 48. Which Indian state shares its border with the most number of other states? Answer: Uttar Pradesh 49. What is the minimum age to become a President of India? Answer: 35 years 50. Which planet is known as the "Red Planet"? Answer: Mars 3 done, 2 left today. You're making progress.

