General Knowledge: Business And Economics Questions Answer GK Quiz

Business And Economics Question Answer 2024, Business And Economics Quiz Questions 2024

Q. The 'State of the Economy Report' is released by -
1) Reserve Bank of India
2) Ministry of Finance
3) NITI AAYOG
4) Ministry of Commerce and Industry

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Q. Life Insurance Corporation of India was established in -
1) 1955
2) 1956
3) 1957
4) 1958

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Q. Which of the following is NOT the function of the Central bank of the country?
1) It controls the money supply of the country
2) It acts as a banker to the government
3) It accepts deposits from the public
4) It issues the currency of the country

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Q. Which of the following is the largest agro-based industry in India?
1) Cotton Textiles Industry
2) Sugar Industry
3) Jute Industry
4) Silk Industry

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Q. Which of the following is not an instrument of fiscal policy?
1) Budget
2) Tax
3) Public Expenditure
4) Credit Availability

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Q. Budge-Budge, Samastipur and Katihar are centres of -
1) Jute mills
2) Cotton textile mills
3) Wheel and Axle plant
4) Chemical industry

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Q. Identify the city which is the head­quarters of the world-famous automobile manufacturer com­pany 'General Motors' (GM) from the following -
1) NewYork
2) Pittsburgh
3) Detroit
4) Boston

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Q. Which of the following is not a tool of fiscal policy?
1) Public expenditure
2) Interest rate
3) Deficit financing
4) Taxation

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Q. Which of the following is not a Public good?
1) Government Administration
2) National Defence
3) Cars
4) Roads

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Q. Which of the following expres­sion shows the formula of Gross Fiscal Deficit?
1) Gross Fiscal Deficit = Primary Deficit + Net borrowing from abroad
2) Gross Fiscal Deficit = Total Expenditure - Revenue Receipts
3) Gross Fiscal Deficit = Revenue Deficit + Capital Expenditure
4) Gross Fiscal Deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad

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