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. Coin of which of the following denominations is called small coin?
1) Re. 1
2) Re. 2
3) Re. 5
4) 50 Paise

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Q. Which one of the following is not a direct determinant of demand?
1) Savings
2) Income
3) Price of the commodity
4) Taste

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Q. Bank deposits that can be withdrawn without notice are called
1) Account payee deposits
2) Fixed deposits
3) Variable deposits
4) Demand deposits

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Q. Who propounded the 'Market Law'?
1) Adam Smith
2) J. B. Say
3) T. R. Malthus
4) David Ricardo

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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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