General Knowledge Questions

Economic resources are those goods and services that can be converted into valuable products for individual and business purposes.

There are four major types of economic resources:

1. land,

2. labor,

3. capital and

4. entrepreneurship.

Land and labor are natural and human resources, while capital means physical resources or money.

Entrepreneurship converts these resources into usable goods.

However, resources have finite values, and proper utilization depends on economic systems and economic decisions.

A battle was fought between Iran under the king Darius and the state of Greece in 490 B.C at Marathon near Athens. This battle is known as the 'Battle of Marathon' in World History.

Majuli or Majoli is a river island in the Brahmaputra River, Assam and in 2016 it became the first island to be made a district in India.

Labyrinth which is part of the ear is the main organ of balance in the human body.

World Consumer Rights Day is being observed globally on 15 March which is an awareness day for the consumers.

British businessman Mark Tucker, currently group chief executive and president of insurance group AIA, will take over from Douglas Flint as the new Chairman of HSBC in October.