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. 'Kyoto protocol' an agreement signed by various countries, is associated with
1) Building common food stock to save human beings from any natural disaster
2) International Trade
3) Deep Sea Oil and Mineral Exploration
4) Clean Environment and Climate change

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Q. FDI stands for
1) Fashion Directorate of India
2) Foreign Direct Investment
3) Fashion Designer's Initiative
4) Foreign Directory of Industries

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Q. A balanced economic growth means
1) Different sectors of the economy grow at their natural rates of growth
2) Different parts of the economy grow in harmonious manner
3) Equal percentage growth in output over a period of a few years
4) Equal increase in resources allocation in all areas

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Q. GNP is equal to
1) Total output of goods and services in one year
2) Total output minus intermediate consumption
3) Total output minus savings
4) Total output plus total factor payment

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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

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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

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

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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

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

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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

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Commonwealth of Independent States (CIS)

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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 →