General knowledge(GK)-GK General Knowledge / Business And Economics Question set 2 Sample Test,Sample questions

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Question: 
 A brownfield expansion broadly refers to -

1.Setting up a new factory

2.Extending an existing factory

3.Merging two units to create one large unit

4.Splitting one unit into several units

Question: 
 Consider the following statements regarding Serious Fraud Investigation Office (SFIO) -
1. It is a statutory investigation agency in India.
2. It falls under the jurisdiction of the Ministry of Corporate Affairs.
Which of the statements given above is/ are correct?

1.1 only

2.2 only

3. Both 1 and 2

4.Neither 1 nor 2

Question: 
 Deposit Insurance and Credit Guarantee Corporation (DICGC) has been permitted to increase Deposit Insurance Coverage for a depositor, which is now Rs. one lakh to -

1.Rs. 5 lakh per depositor

2.Rs. 10 lakh per depositor

3.Rs. 12 lakh per depositor

4.Rs. 15 lakh per depositor

Question: 
 Form 16A, a TDS certificate, is not issued to -

1.Winners of lottery tickets

2.Salaried employees

3.Payments on account of repurchase of mutual funds units

4.Fees for technical services

Question: 
 If a commodity is provided free to the public by the Government, then -

1.the opportunity cost is zero

2.the opportunity cost is ignored

3. the opportunity cost is transferred from the consumers of the product to the tax-paying public

4. the opportunity cost is transferred from the consumers of the product to the Government

Question: 
 If a commodity is provided free to the public by the Government, then -

1.the opportunity cost is zero

2.the opportunity cost is ignored

3. the opportunity cost is transferred from the consumers of the product to the tax-paying public

4. the opportunity cost is transferred from the consumers of the product to the Government

Question: 
 In the context of India, which of the following factors is/ are contributor/ contributors to reducing the risk of a currency crisis ?
1. The foreign currency earnings of India's IT sector.
2. Increasing the government expenditure.
3. Remittances from Indians abroad.
Select the correct answer using the code given below :

1.1 only

2.1 and 3 only

3.2 only

4.1, 2 and 3

Question: 
 In the context of India, which of the following factors is/ are contributor/ contributors to reducing the risk of a currency crisis ?
1. The foreign currency earnings of India's IT sector.
2. Increasing the government expenditure.
3. Remittances from Indians abroad.
Select the correct answer using the code given below :

1.1 only

2.1 and 3 only

3.2 only

4.1, 2 and 3

Question: 
 In the United State of America, the 144A Market refers to a market for -

1.Qualified Institutional Buyers (QIBs)

2.Domestic Retail Investors

3.Overseas retail investors

4.Inter-corporate debt placements

Question: 
 International Financial Centre, first of its kind in India, is established in which state?

1.Maharashtra

2.Gujarat

3.West Bengal

4.Tamil Nadu

Question: 
 NABARD was set up with an initial capital of -

1.Rs. 200 crore

2.Rs. 500 crore

3.Rs. 1500 crore

4.Rs. 100 crore

Question: 
 NITI Ayog has replaced Planning commission, which for mulates India's Five Year Plan. How is NITI Ayog different from planning commission -
1. NITI Ayog acts as 'Think Tank' of Government of India, providing both directional and policy inputs.
2. NITI Ayog has power to allocate financial resources to states unlike planning commission.
Which of the statements given above is/ are correct?

1.1 only

2.2 only

3.Both 1 and 2

4.Neither 1 nor 2

Question: 
 NITI Ayog has replaced Planning commission, which for mulates India's Five Year Plan. How is NITI Ayog different from planning commission -
1. NITI Ayog acts as 'Think Tank' of Government of India, providing both directional and policy inputs.
2. NITI Ayog has power to allocate financial resources to states unlike planning commission.
Which of the statements given above is/ are correct?

1.1 only

2.2 only

3.Both 1 and 2

4.Neither 1 nor 2

Question: 
 Receipts in budget can be capital or revenue. Which of these is/ are capital receipts?
1. Loan recoveries
2. Provident funds deposits
3. Grants
Select the correct answer using the codes given below :

1.1 and 2 only

2.1 and 3 only

3.2 and 3 only

4.1, 2 and 3

Question: 
 The 'Honey Mission' initiative of the Government of India aimed at production of healthy honey and wax is being implemented through -

1.Khadi and Village Industries Commission (KVIC)

2.District Rural Development Agency (DRDA)

3.Department of Food and Public Distribution

4.Other than those given as options

Question: 
 The labour force can be defined as -

1.Those of workers who are seeking work and are available for work at current wage rate

2.Anyone who is working or actively seeking work

3.The population between school-leaving age and retirement age

4.Those who could claim benefit if they were to become unemployed

Question: 
 The labour force can be defined as -

1.Those of workers who are seeking work and are available for work at current wage rate

2.Anyone who is working or actively seeking work

3.The population between school-leaving age and retirement age

4.Those who could claim benefit if they were to become unemployed

Question: 
 The labour force can be defined as -

1.Those of workers who are seeking work and are available for work at current wage rate

2.Anyone who is working or actively seeking work

3.The population between school-leaving age and retirement age

4.Those who could claim benefit if they were to become unemployed

Question: 
 The lowering of Bank Rate by the Reserve Bank of India leads to (2011) -

1.More liquidity in the market

2.Less liquidity in the market

3.No change in the liquidity in the market

4.Mobilization of more deposits by commercial banks

Question: 
 Triffin Paradox is related to -

1.Bonds

2.Currencies

3.Equities

4.Commodities

Question: 
 Which among the following is the method to estimate the poverty line in India?

1.Investment method

2.Capital method

3.Human method

4.Income method

Question: 
 Which are the BRIC countries?

1.Brazil, Russia, India and Canada

2.Britain, Russia, India and China

3.Brazil, Russia, India and China

4.Britain, Russia, India and Canada

Question: 
 Which Ministry of Government of India is related for India's Foreign Trade Policy?

1.Ministry of Defence

2.Ministry of External Affairs

3.Ministry of Commerce and Industry

4.Ministry of Home Affairs

Question: 
 Which Ministry of Government of India is related for India's Foreign Trade Policy?

1.Ministry of Defence

2.Ministry of External Affairs

3.Ministry of Commerce and Industry

4.Ministry of Home Affairs

Question: 
 Which of the following is not a non-cash expenditure for a company?

1.Expenditure on advertising

2.Depreciation

3.Goodwill impairment

4.Amortisation

Question: 
 Which of the following taxes is also known as Google Tax?

1.Equalisation Levy

2.Capital Levy

3.Estate Duty

4.Gift Tax

Question: 
 Why is the offering of 'teaser loans' by commercial banks a cause of economic concern?
1. The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future.
2. In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units.
Which of the statements given above is/ are correct?

1.1 only

2.2 only

3.Both 1 and 2

4.Neither 1 nor 2

Question: 
........ occurs when people are willing to work, but the people searching for work are not qualified for the job.

1.Frictional Unemployment

2.Budding Unemployment

3.Structural Unemployment

4.Static Unemployment

Question: 
A 'closed economy' is an economy in which -

1.the money supply is fully controlled

2.deficit financing takes place

3.only exports take place

4.neither exports nor imports take place

Question: 
A tax-exempt bond, issued by federally qualified organizations or by municipalities for the development of brownfield sites, is known as -

1.Masala Bond

2.Climate Bond

3.Green Bond

4.Social Impact Bond

Question: 
Agriculture employs upto what per cent of the Indian Population?

1.80

2.60

3.40

4.70

Question: 
All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the -

1.Contingency Fund of India

2.Public Account

3.Consolidated Fund of India

4.Deposits and Advances Fund

Question: 
Arrange the following Committees formed for small scale sector in a chronological order and select the correct answer from the codes given below -
I. Nayak Committee II. Abid Hussain Committee
III. S.S. Kohli Committee IV. Karve Committee
Codes :

1.I, II, IV, III

2.III, II, I, IV

3.IV, II, I, III

4.I, II, III, IV

Question: 
Arrange the following Committees formed for small scale sector in a chronological order and select the correct answer from the codes given below -
I. Nayak Committee II. Abid Hussain Committee
III. S.S. Kohli Committee IV. Karve Committee
Codes :

1.I, II, IV, III

2.III, II, I, IV

3.IV, II, I, III

4.I, II, III, IV

Question: 
As on October 2019, how many Maharatna Companies are in India?

1.8

2.9

3.10

4.12

Question: 
Consider the following sentences regarding Crypto-currency.
1. Crypto-currency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures.
2. Users must reach a consensus about crypto-currency's value and use it as an exchange medium.
3. It is tied to a particular country, its value is controlled by a central bank.
Which of the above sentence(s) is/ are incorrect?

1.1 and 2

2.Only 3

3.1 and 3

4.None of the above

Question: 
Despite being a high saving economy, capital formation may not result in significant increase in output due to -

1.weak administrative machinery

2.illiteracy

3.high population density

4.high capital-output ratio

Question: 
Foreign Exchange reserves in India are managed by -

1.CDSL

2.RBI

3.NSDL

4.Ministry of Finance

Question: 
In which year was accounting separated from auditing and Comptroller and Auditor General's task only remained confined to auditing the Government Accounts?

1.1975

2.1977

3.1976

4.1981

Question: 
Increase is absolute and per capital real GNP does not connote a higher level of economic development, if -

1.industrial output fails to keep pace with agricultural output

2.agricultural output fails to keep pace with industrial output

3.poverty and unemployment increase

4.imports grow faster than exports

Question: 
MDR is a free charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments. MDR stands for -

1.Merchant Discount Ratio

2.Merchant Discount Rate

3.Merchant Discount Rating

4.Merchant Development Rate

Question: 
Multidimensional poverty index includes :
1. Health 2. Education 3. Living Standard
Select correct answer from the codes given below :

1.Only 1 is correct

2.Only 2 and 3 are correct

3.Only 1 and 2 are correct

4.1, 2, and 3 are correct

Question: 
Name the bank which has deployed Robotic Arms for currency sorting at its chests.

1.HDFC Bank

2.AXIS Bank

3.YES Bank

4.ICICI Bank

Question: 
National income can be increased by -

1.Increase in population

2. Increase in the rate of investment

3.Increase in unemployment

4.Decrease in price level

Question: 
National Social Assistance Programme does not include the following scheme for 'Below Poverty Line' households -

1.National Family Benefit Scheme

2.Annapurna

3.Mahila Kisan Sashaktikaran Pariyojana

4.All of the above

Question: 
Operation Twist is related to -

1. Military Exercise

2.A Monetary policy tool

3.An exercise to fight insurgency

4.A move in hockey match

Question: 
Outcome focused schemes for vocational education and training SANKALP and STRIVE launched by the Government of India, are supported by the -

1.International Labor Organization

2.World Bank

3.UN Economic and Social Council

4.World Economic Forum

Question: 
Physical Quality of Life Index (PQLI) is developed by -

1.Morris D. Morris

2.UNDP

3.Mehbub-ul-Haq

4.None of the above

Question: 
Poyais is a fictional -

1.Company

2.Currency

3.Country

4.Stock Exchange

Question: 
The Dependency Ratio in India is declining because -

1.Population of 0-14 years is relatively high

2.Population of 60 years and above is relatively high

3.Population of 15-59 years is relatively high

4.Population of 0-14 years and 60 years and above together are relatively high

Question: 
The Dependency Ratio in India is declining because -

1.Population of 0-14 years is relatively high

2.Population of 60 years and above is relatively high

3.Population of 15-59 years is relatively high

4.Population of 0-14 years and 60 years and above together are relatively high

Question: 
The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus -

1.transportation cost only

2. interest cost only

3.procurement incidentals and distribution cost

4. procurement incidentals and charges for go downs

Question: 
The Economic Survey is complied by -

1.Office of economic advisor

2.Central Statistical Office (CSO)

3.National Sample Survey Organization (NSSO)

4. Department of economic affairs

Question: 
The Global Livability Index has been released by -

1.World Health Organization (WHO)

2.International Monetary Fund (IMF)

3.World Economic Forum (WEF)

4.Economist Intelligence Unit (EIU)

Question: 
The purest form of the income of the nation is -

1.Net National Income

2.Gross National Income

3.Gross National Product

4.Net National Product

Question: 
The Reserve Bank of India has given the final approval for the merger of district co-operative banks in?

1.Kerala

2.Tamil Nadu

3.Rajasthan

4.Odisha

Question: 
There has been a persistent deficit budget year after year.
Which action/ actions of the following can be taken by the Government to reduce the deficit ?
1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalizing subsidies
4. Reducing import duty
Select the correct answer using the code given below :

1.1 only

2.2 and 3 only

3.1 and 3 only

4.1, 2, 3 and 4

Question: 
Tools for navigating the economy in a constant state of disequilibrium are -
I. Change in modeling approaches
II. Measurement of new concepts
III. Micro data
IV. Both stocks and flows
Correct code is :

1.Only I, II and III

2.Only II, III and IV

3.Only I, III and IV

4.I, II, III and IV all

Question: 
Tools for navigating the economy in a constant state of disequilibrium are -
I. Change in modeling approaches
II. Measurement of new concepts
III. Micro data
IV. Both stocks and flows
Correct code is :

1.Only I, II and III

2.Only II, III and IV

3.Only I, III and IV

4.I, II, III and IV all

Question: 
UN-Habitat is the United Nations programme working towards a better urban future. Where is the headquarters of UN-Habitat?

1.Johannesburg, South Africa

2.Nairobi, Kenya

3.Brasilia, Brazil

4.Tokyo, Japan

Question: 
What is the difference between 'vote-on-account' and 'interim budget'?
1. The provision of a 'vote-on- account' is used by a regular Government, while an 'interim budget' is a provision used by a caretaker Government.
2. A 'vote-on-account' only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts.
Which of the statements; given above is/ are correct?

1.1 only

2.2 only

3.Both 1 and 2

4.Neither 1 nor 2

Question: 
What is the full form of EPCG?

1.Export Promotion Consumer Goods

2.Exchange Programme for Consumer Goods

3.Export Promotion Capital Goods

4.Expert Programme for Credit Generation

Question: 
What is the full form of EPCG?

1.Export Promotion Consumer Goods

2.Exchange Programme for Consumer Goods

3.Export Promotion Capital Goods

4.Expert Programme for Credit Generation

Question: 
What kind of unemployment is found in the agriculture sector of India?

1.Situational

2.Voluntary

3.Disguise

4.Frictional

Question: 
Where is the headquarters of Credit Saison India, which has received a non-banking financial company (NBFC) licence from the Reserve Bank of India?

1.New Delhi

2.Patna

3.Bengaluru

4.Kolkata

Question: 
Where is the headquarters of Lakshmi Vilas Bank situated?

1.Bengaluru

2.Chennai

3.Kolkata

4.Nagpur

Question: 
Which is the correct statement with reference to the recently launched e-RAKAM portal?

1.A digital platform for exchanging currencies

2.A digital platform for buying and selling agricultural products

3.A digital platform for paying taxes

4.A digital platform for imports and exports

Question: 
Which of the following is a direct tax?

1.Corporation Tax

2.Custom Duty

3.Excise Duty

4.Service Tax

Question: 
Which of the following is a Nodal Institution for implementation of Sustainable Development Goals in India?

1.Planning Commission

2.Disinvestment Commission

3.NITI Aayog

4.Finance Commission

Question: 
Which of the following is not included in the assets of a commercial bank in India ?

1.Advances

2.Deposits

3.Investments

4.Money at call and short notice

Question: 
Which of the following is the correct statement regarding the new Open Acreage Licensing Policy for Oil and Gas Exploration?

1. It prohibits licensing policy for oil exploration

2.It allows bidders to carve out areas where they want to drill

3. It prohibits licensing policy for gas exploration

4. It allows oil and gas exploration

Question: 
Which of the following is the main function of National Development Council in India?

1.To activate the means and efforts of states for implementation of the planning 2) 3)

2.To develop the general policies in all the important areas

3.To confirm the balanced development in all the areas of the country

4.All of the above

Question: 
Which of the following Prime Ministers of India, is regarded as the Father of Economic Reforms?

1.Rajiv Gandhi

2.P. V. Narshimha Rao

3.Atal Bihari Vajpayee

4.Manmohan Singh

Question: 
Which of the following tax is not included in Goods and Services Tax (GST)?

1.Excise Duty 2) 3)

2.Custom Duty

3.Value Added Tax

4.Service Tax

Question: 
Which one of the following programmes was initiated during the Sixth Five-Year Plan?

1.Integrated Rural Development

2.Rural Literacy Development

3.Rural Railways

4.Advanced Communication Links for Rural People

Question: 
Which one of the following statements correctly describes the meaning of legal tender money?

1.The money which is tendered in courts of law to defray the fee of legal cases

2.The money which a creditor is under compulsion to accept in settlement of his claims

3.The bank money in the form of cheques, drafts, bills of exchange etc.

4.The metallic money in circulation in a country

Question: 
Which organisation has constituted a working group on Social Stock Exchanges (SSE) under the chairmanship of Ishaat Hussain, Director, SBI Foundation?

1. RBI

2.SEBI

3.IRDAI

4.NABARD

Question: 
Who has propounded the concept of Limit to Growth?

1. Club of Rome

2.UNESCO

3.Brundtland Commission

4.Agenda 21

Question: 
With reference to the functions of Public Sector in India, which of the following statements is/ are correct?
I. To provide public utility resources.
II. To build social and economic overhead capital.
III. To ensure balanced regional and sectoral growth.
IV. To pursue egalitarian goals.
Select the correct answer using the codes given below :

1.I, II and III are correct

2.II, III and IV are correct

3. I, II, III and IV are correct

4.I, III and IV are correct

Question: 
World Investment report is brought out by -

1.World Economic Forum

2.OECD

3.IMF

4.UNCTAD

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  178. Indian History MCQ Quiz Answers
  179. Indian Parliament MCQ Questions
  180. Famous Days & Dates General Knowledge Questions
  181. Botany General Knowledge Mcq Questions
  182. Geography General Knowledge MCQ
  183. Gujarat General Knowledge Questions
  184. Indian Culture MCQ
  185. Banking Awareness General Knowledge Mcq Set 1
  186. Banking Awareness General Knowledge Mcq Set 2
  187. Insurance Awareness MCQ Set 1
  188. Andhra Pradesh MCQ
  189. Odisha MCQ
  190. Haryana General Knowledge Mcq
  191. Jharkhand General Knowledge Questions
  192. Kerala General Knowledge Questions
  193. Madhya Pradesh General Knowledge Questions
  194. Bihar General Knowledge Questions
  195. Uttar Pradesh General Knowledge Questions
  196. Jammu and Kashmir General Knowledge Questions
  197. Meghalaya General Knowledge Questions
  198. Arunachal Pradesh General Knowledge Questions
  199. Mizoram General Knowledge Questions
  200. Nagaland General Knowledge Questions
  201. Countrywise General Knowledge Questions
  202. Inventions General Knowledge Questions
  203. Environment General Knowledge Questions
  204. Marketing Awareness General Knowledge Questions
  205. GK General Knowledge - Agriculture Question Set 1
  206. GK General Knowledge - Agriculture Question Set 2
  207. Indian Railways GK MCQ
  208. GK General Knowledge - Agriculture Question Set 3
  209. GK General Knowledge - Business And Economics Question set 1
  210. GK General Knowledge - Business And Economics Question set 2
  211. GK General Knowledge - Business And Economics Question set 3
  212. Punjab General Knowledge Mcq Questions
  213. Karnataka General Knowledge Mcq Questions
  214. Rajasthan General Knowledge Questions
  215. Uttarakhand General Knowledge Mcq Questions
  216. Chhattisgarh General Knowledge Mcq Questions
  217. GK General Knowledge - History Question Answer Set 1
  218. GK General Knowledge - History Question Answer Set 2
  219. GK General Knowledge - History Question Answer Set 3
  220. West Bengal MCQ Quiz Answers
  221. GK General Knowledge - History Question Answer Set 4
  222. GK General Knowledge - Miscellaneous Mcq Question Set 1
  223. Maharashtra MCQ Quiz Answers
  224. GK General Knowledge - Miscellaneous Mcq Question Set 2
  225. GK General Knowledge - Miscellaneous Mcq Question Set 3
  226. GK General Knowledge - Political Science Question Set 1
  227. GK General Knowledge - Political Science Question Set 2
  228. GK General Knowledge - Political Science Question Set 3
  229. GK General Knowledge - Art And Culture Question Set 1
  230. GK General Knowledge - Art And Culture Question Set 2
  231. Goa GK MCQ
  232. Manipur GK MCQ
  233. Sikkim GK MCQ
  234. GK General Knowledge - Art And Culture Question Set 3
  235. GK General Knowledge - Art And Culture Question Set 4
  236. GK General Knowledge - Art And Culture Question Set 5
  237. GK General Knowledge - Art And Culture Question Set 6
  238. GK General Knowledge - Art And Culture Question Set 7
  239. Country Capitals and Currency GK MCQ
  240. GK English Mcq Question Answer
  241. Science And Technology Mcq Question
  242. General Awareness MCQ
  243. GK Material Science Mcq
  244. Medieval Indian History Questions (MCQs) for UPSC, SSC Exams
  245. World Geography MCQ
  246. Sports GK Questions MCQs
  247. General Knowledge Ancient History
  248. Books And Authors General Knowledge Questions
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