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. Which one of the following does not contribute to the rural economy?
1) Pastoralism
2) Cottage industry
3) Practice of lending personal money
4) Accessibility of good tools

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Q. Market is an economic leads to which of the following trends?
1) Individualism
2) Consumerism
3) Holism
4) Capitalism

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Q. When the total product remains constant, the marginal product will be -
1) Zero
2) Negative
3) Positive
4) Constant

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Q. Demand of agricultural products is found to be -
1) Elastic
2) Zero elastic
3) Inelastic
4) Infinite elastic

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Q. 'AGMARK' is related with -
1) Processing
2) Quality
3) Packaging
4) None of the above

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Q. Which type of market is suitable for vegetable crops?
1) Short term
2) Very short term
3) Long term
4) Very long term

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Q. NABARD was established on the recommendations of -
1) Mehta Committee
2) Kelkar Committee
3) Narsimham Committee
4) Shah Committee

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Q. The Silkworm Research and Training Institution under the Central Silk Broad in India are administered by the Union Ministry of -
1) Forest and Tribal Welfare
2) Forest and Tribal Welfare
3) Agricultural and Rural Development
4) Commerce and Textile

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Q. The Policy of Liberalisation, Privatisation and Globalisation was announced as New Economic Policy by Prime Minister -
1) Rajeev Gandhi
2) Vishwa Nath Pratap Singh
3) Narsimha Rao
4) Atal Bihari Vajpayee

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Q. "Functional Finance" is associated with -
1) Abba 'P' Lerner
2) Adolph Wogner
3) Adam Smith
4) Adams

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