General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. The Bank rate is the rate at which -
1) a Bank lends to the public
2) the RBI lends to the public
3) the RBI gives credit to the Commercial Banks
4) the Government of India lends to other countries

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Q. The agency estimating the National Income of India is -
1) Reserve Bank of India
2) Planning Commission
3) Ministry of Finace
4) Central Statistical Organization

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Q. Which of the following are the objects of International Monetary Fund?
1. Creation of International Monetary Cooperation.
2. Promotion of balanced growth of International Trade.
3. Multilateral payments.
4. All of the above.
Select the correct answer from the code given below--

1) 1 only
2) 1 and 2
3) 2 and 3
4) only 4

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Q. What is the effect of deficit financing on economy?
1) Inflation
2) Deflation
3) Depression
4) Recession

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Q. In India who regulates the money supply?
1. Reserve Bank of India
2. State Bank of India
3. NABARD
4. Commercial Banks
Select the correct answer from the code given below -

1) 1 only
2) 1 and 2
3) 2 and 3
4) 1, 2, 3 and 4

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Q. FDI inflows into India in 2013 were -
1) US $27 billion
2) US $28 billion
3) US $29 billion
4) US $30 billion

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Q. The term 'Halal Economy' is related to the -
1) Non-vegetarian products' industry
2) Economy based on the ideals of Islamic laws
3) Economy based on the `lawful' or `permitted' standard authority
4) None of the above

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Q. 'Animal spirit' is associated with -
1) Investment decisions
2) Risk aversion decision
3) Cut throat competition
4) Tax evasion

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Q. Which of the following is not a tool of fiscal policy?
1) Marginal Standing Facility
2) Deficit Financing
3) Capital Levy
4) Progressive taxation

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Q. The concept of Immiserizing growth was propounded by -
1) Amartya Sen
2) Raghuram G. Rajan
3) Kaushik Basu
4) Jagdish Bhagawati

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