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. To improve access of the poor to banking, RBI has advised banks to open branches with minimum infrastructure supporting up to 8 to 10 Business Correspondents (BC) at a 3-4 kms. Such branches are known as -
1) Micro Branches
2) Nodal Branches
3) Mini Branches
4) Ultra Small Branches

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Q. Which of the following statements regarding the "Direct Benefits" Transfer Scheme(DBT) of the Government of India is not true?
1) The Scheme covers LPG subsidies, pension payments ans scholarships
2) Indirect transfers of benefits are more prone to leakage than direct transfer
3) Under DBT money is directly transferred into bank accounts of beneficiaries
4) The scheme is likely to increase the subsidy bill of the Government

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Q. A Bank's "Fixed Deposit" is also referred to as a -
1) Saving Bank Deposit
2) Term Deposit
3) Current Deposit
4) Demand Deposit

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Q. Equilibrium of the monopolistic firm -
1) necessarily is profitable
2) occurs where P = MC
3) occurs where MR = MC
4) occurs where P = MR

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Q. Price rigidity is the feature of -
1) Perfect competitive competition
2) Monopoly
3) Oligopoly
4) Monopolistic competition

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Q. Liberalisation, Privatisation and Globalisation are the aims of -
1) Economic Planning
2) Socialistic pattern of society
3) Land Reforms
4) Economic Reforms

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Q. Which one of the following committees examined and suggested financial sector reforms in India?
1) Bhagawati Committee
2) Abid Hussain Committee
3) Narsimham Committee
4) Chelliah Committee

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Q. The rate of interest at which Reserve Bank of India lends short term funds to the Commercial Banks is known as -
1) Repo Rate
2) Reverse Repo Rate
3) Prime Lending Rate (PLR)
4) None of the above

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Q. The most appropriate measure of a country's economic growth is -
1) Gross Domestic Product (GDP)
2) Net Domestic Product
3) Net National Product
4) Per Capita Product

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Q. A letter of credit is produced by -
1) an exporter
2) an importer
3) Coustom authorities
4) Shipping company

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