General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. The doctrine of unbalanced growth has not been advocated by -
1) W.A.Lewis
2) H.W.Singer
3) A.O.Hirschman
4) C.P.Kindleberger

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Q. Shift in LM curve takes place to--
1) Increase in autonomous investment
2) Increase in saving rate
3) Increase in consumption
4) Increase in money supply

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Q. In the classical theory, an increase in money supply leads to -
1) Decrease in price level
2) Increase in price level
3) Decrease in investment
4) Increase in savings

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Q. The demand for labour by a firm is a derived demand because it depends upon -
1) The demand for goods and services that labour helps to produce
2) Thee degree of substitution between labour and other factors of production
3) The demand for other factors of production
4) The elasticity of demand for labour

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Q. One amongst the following takes the decision about the monetary Policy of India-
1) Finance Minister of India
2) Reserve Bank of India
3) Prime Minister of India
4) International Monetary Fund

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Q. Centers located in Gujarat , Bengal, Deccan and Tamil Country during the Gupta period were associated with which of the following:
1) Textile Manufacture
2) Gems and precious stones
3) Handicrafts
4) Opium cultivation

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Q. During the first half of 2010-2011, which of the indirect tax registered the maximum growth?
1) Excise Duty
2) Custom Duty
3) Service tax
4) All show almost same growth

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Q. As on November 2,2010 which of the following key rate of RBI is the highest among all?
1) Repo Rate
2) Reserve Repo Rate
3) Bank Rate
4) Cash Reserve Ratio

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Q. What type of Products does CACP recommend minimum support price for?
1) Industrial Products
2) Agricultural Products
3) Pharmaceutical Products
4) None of the above

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Q. The proportion of labour in GNP (Gross National Product) becomes low due to the following reasons -
1) Price lag behind wages
2) Profit lags behind prices
3) Prices lag behind profit
4) Wages lag behind price

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