General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. In which budget did the Finance Minister announce the Libera­lized Exchange Rate Manage­ment System?
1) Union Budget, 1991-92
2) Union Budget, 1992-93
3) Union Budget, 1993-94
4) None of the above

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Q. Which of the following Five-Year Plans was focussed on Human Resource Development?
1) First
2) Third
3) Fifth
4) None of the above

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Q. Which committee suggested the enactment of the Competition Act, 2002?
1) Rangarajan Committee
2) S. V. S. Raghavan Committee
3) Vijay Kelkar Committee
4) None of the above

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Q. What is the policy measure adopted by the Government of India to improve the system of agricultural marketing?
1) Minimum Support Price (MSP)
2) Maintenance of Buffer Stock
3) Public Distribution System (PDS)
4) More than one of the above

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Q. Which one of the following was established as the first program of community development?
1) National Extension Service
2) Integrated Rural Development Programme
3) Cooperation Movement
4) None of the above

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Q. The carbon border tax was introduced in -
1) COP 26
2) COP 27
3) COP 15
4) COP 20

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Q. Consider the following statements about Standing Deposit Facility:
1. The standing deposit facility is a collateral-free liquidity absorption mechanism implemented by the RBI
2. It enables the RBI to take liquidity (deposits) from commercial banks without having to compensate them with government securities.
3. The central bank employs reverse repo rate and SDF to remove excess liquidity from the system.
Which of the above statements is/are correct?

1) Only 1 and 2
2) Only 2
3) Only 1 and 3
4) All 1, 2 and 3

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Q. Among the following countries, where did the idea of Social Market Economy emerge in the 1950s?
1) Germany
2) France
3) United States of America
4) United Kingdom

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Q. The Insolvency and Bankruptcy Board of India (IBBI) was established in the year -
1) 2014
2) 2015
3) 2016
4) 2017

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Q. Which one of the following central features is not associated with Capitalist Economy?
1) There is generalized commodity production, it has a market value
2) Productive wealth is held predominantly in private hands
3) Economic life is organized according to market principles
4) Economic organization is based on planning, a supposedly rational process of resource allocation

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