General Knowledge: Business And Economics Questions Answer GK Quiz

Business And Economics Question Answer 2025, Business And Economics Quiz Questions 2025

Q. The budget deficit refers to the difference between all revenue and expenditure of
1) Revenue account only
2) Capital account only
3) Both revenue and capital accounts
4) Increased government expenditure

View Answer

Q. Economic planning refers to
1) the mobilisation of taxes
2) the acquisition of taxes
3) the allocation of resources
4) the planning of resources

View Answer

Q. From which of the following items India export the most?
1) Textile goods
2) Jute
3) IT Services
4) Gems and Jewellery

View Answer

Q. Indian government is planning to introduce GAAR. What is the purpose of GAAR?
1) Increase rural income
2) Increase agriculture income
3) Regulatory authority for managing agriculture resources
4) Curtail tax avoidance

View Answer

Q. CPI and WPI as acronyms, refer to -
1) Political Parties
2) Purchasing capacity indices
3) Price indices
4) Poverty indices

View Answer

Q. Which of these bodies decides the monetary policy in India?
1) Reserve Bank of India
2) Ministry of Finance
3) Ministry of Commerce
4) Ministry of Finance and Commerce

View Answer

Q. When prices of goods increase, purchasing power of money -
1) Fluctuates
2) Decreases
3) Increase
4) Remains constant

View Answer

Q. Micro economics deal with -
1) Total units
2) Individual units
3) Partial units
4) Marginal units

View Answer

Q. Perfectly inelastic demand of a commodity means,
1) the cost of a commodity changes but the demand remains unchanged
2) the price of the commodity does not change with the change in its demand
3) the demand of a commodity does not change with the change in its price
4) the demand of some other commodity changes with the change in the price of one commodity.

View Answer

Q. The currency of Hungary is _________.
1) Elm
2) Lev
3) Forint
4) Zloty

View Answer

Advertisement

Manage your small business accounting needs from anywhere anytime with the help of Cloud based QuickBooks remotely accessible on citrix vdi with an affordable citrix xendesktop cost. Get a 15-day risk-free trial from Apps4Rent.

Career Opportunities in Sports Management

IntroductionAre you passionate about sports but don't see yourself as an athlete? Do you find the business side of sports fascinating? A career in sports management could be your winning ticket! This field combines business, sports, and management, offering dynamic roles that go far beyond the field →

Commonwealth of Independent States (CIS)

Foundation Date: December 8, 1991 Headquarters: The Republic of Belarus Executive Secretaries: Sergei Lebedev Member Countries: 12 Commonwealth of Independent States (CIS) was established on December 8, 1991, and the leaders of the Republic of Belarus, the Russian Federation, and Ukraine signed an a →

What is Bitcoin?

In 2009, an unknown programmer by the name of Satoshi Nakamoto put forward a whitepaper that proposed a creation of new form of digital currency - cryptocurrency. Cryptocurrency functions the same way as regular currencies do in that its used as a means of exchange, unit of account and a store of va →

Food Safety and Standards Authority of India (FSSAI)

Headquarter: New Delhi Function and Objective of the Organization: The Food Safety and Standards Authority of India (FSSAI)has been established under Food Safety and Standards Act, 2006 which consolidates various acts & orders that have hitherto handled food-related issues in various Ministries →