General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. The practice of selling goods in a foreign country at a price below their domestic selling price is called
1) Diplomacy
2) Discrimination
3) Dumping
4) Double pricing

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Q. Prime cost is equal to
1) variable cost plus administrative cost
2) Variable cost only
3) Variable cost plus fixed cost
4) fixed cost only

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Q. Capital formation in an economy depends on
1) Total Income
2) Total Demand
3) Total Production
4) None of these

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Q. The additional made to the total cost when the production of a goods is increased by one unit is
1) average cost
2) marginal cost
3) total cost
4) Implicit cost

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Q. The policy which relates to government spending, taxing and borrowing is called
1) Fiscal policy
2) Monetary policy
3) Bank policy
4) Tax policy

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Q. Demand in Economics means:
1) Market demand
2) Individual demand
3) Demand backed by purchasing power
4) Aggregate demand

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Q. Which of the following is an example of "Foot Loose" industry?
1) Sugar
2) Oil Refinery
3) Software
4) Aluminium

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Q. Indian Rupee is fully convertible at -
1) Current Account
2) Capital Account
3) Trade Account
4) None of the above

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

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Q. Which of the following places in India does not have a Stock Exchange?
1) Udaipur
2) Delhi
3) Mumbai
4) Ahmedabad

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