General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. Which one of the following is not a 'canon of taxation' according to Adam Smith?
1) Canon of convenience
2) canon of economy
3) Canon of simplicity
4) canon of certainty

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Q. Which is the most important source of revenue of the States in India?
1) Professional taxes
2) Land Revenue
3) Sales Tax
4) Excise duty

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Q. Protectionism in the International trade standa for
1) Semi-restricted trade
2) Free trade policy
3) Restricted trade policy
4) All of these

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Q. ....is the largest oil refinery in India.
1) Haldia
2) Koyali
3) Digboi
4) Trombay

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Q. India’s largest supplier of crude oil is—
1) Saudi Arab
2) Iran
3) Nigeria
4) Qatar

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Q. .... has the highest number of cotton mills in India.
1) Tamil Nadu
2) Maharashtra
3) Gujarat
4) West Bengal

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Q. Which Iron and Steel Plant is called 'Ruhr of India?
1) Rourkela
2) Durgapur
3) Bhilai
4) Jamshedpur

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Q. Identify the particular element that dominates in the material culture.
1) 21
2) Custom and Tradition
3) Folkways
4) Religion and Morality

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Q. The most advanced type of economic integration is -
1) Common market
2) Free Trade Area
3) Customs union
4) Economic union

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Q. An economic union is the most advanced type of economic integration.
1) It permits no tariff barriers on trade among members
2) It allows free movement of capital and labour among member nations
3) It unifies the monetary and fiscal policies of member states
4) It allows no tariffs on trade among members and a common tariff policy towards the rest of the world

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