General Knowledge Question Answer: Business And Economics GK Questions and Answers

General Knowledge Business And Economics Questions, Business And Economics Quiz for Competitive Exams, Important Business And Economics MCQs for GK

Q. Open market operations refers to the sale and purchase by the RBI of -
1) Foreign currency
2) Gold
3) Government bonds
4) All the above

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Q. An Equity Share is also commonly referred to as
1) Ordinary Share
2) Debenture
3) Convertible Share
4) Security Receipt

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Q. NABARD is responsible for regulating and supervising the functions of -
1) Investment and Industrial Finance Banks
2) Co-operative Banks and Regional Rural Banks
3) Corporate Finance and Overseas Banking Units
4) Private Sector and Multinational Banks

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Q. The concept of 'Micro Credit' essentially concentrates on
1) consumption smoothening as and when needed
2) providing safe place to hold savings
3) accepting deposits
4) provision of credit to the poor

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Q. The abbreviation EMI in banking sector stands for
1) Equated Monthly Instalment
2) Equal Monthly Increment
3) Equated Money Instalment
4) Equalised Monthly Instalment

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Q. The Electronic Funds Transfer at Point of Sale (ESTPOS) is an electronic payment system based on
1) Interner Banking
2) Account Payee Cheques
3) Letters of Credit
4) Debit and Credit Cards

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Q. Banking Codes and Standard Board of India (BCSBI) has evolved which of the following codes
1) Code of Bank's commitment to customers.
2) Code of Bank's commitment to big industries
3) Code of Bank's commitment to micro and Small Enterprises
4) (1); and (3)

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Q. According to the provisions of the Income tax Act, 1961, a resident individual is categorised as a 'super senior citizen' when his age is
1) 80 Years
2) 75 Years
3) 90 Years
4) 85 Years

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Q. The part of a company's earnings or profits which are paid out to shareholders is known as -
1) Capital Gains
2) Taxes
3) Interest on Borrowings
4) Dividends

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Q. Which of the following is a receipt listed in India and traded in rupees declaring ownership of shares of a foreign company?
1) Indian Depository Receipt (IDR)
2) European Depository Receipt (EDR)
3) Global Depository Receipt (GDR)
4) American Depository Receipt (ADR)

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