General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. IMF is the result of
1) Hawana Conference
2) Rome Conference
3) Brettonwood Conference
4) Geneva Conference

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Q. The Difference between Gross Domestic product and Net Domestic product is
1) Government Revenue
2) Net Indirect Tax (Indirect Tax Subsidy)
3) Consumption of fixed Capital
4) Net Capital Formation

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Q. In an economy, the sectors are classified into public and private on the basis of
1) employment conditions
2) nature of economic activities
3) ownership of enterprises
4) use of raw materials

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Q. Depreciation is equal to
1) Gross national product - Net national product
2) Net national Product - Gross national product
3) Gross national product - personal income
4) Personal Income - personal taxes

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Q. The relationship between the value of money the price level in an economy is
1) Direct
2) Inverse
3) Propotional
4) Stable

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Q. What was the main reason for a great civil strife in Argentina in 2002-03?
1) Ethnic conflict between the native Red Indian tribes and others
2) Economic crisis due to huge public debt
3) The issue of using native languages as medium of instruction in schools
4) Clashes between goverment troops and secessionist groups

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Q. Consider the following statements: 1. India ranks first in the world in fruit production. 2. India ranks second in the world in the export of tobacco Which of the statements is/are correct?
1) Only 1
2) Only 2
3) Both 1 & 2
4) Neither 1 nor 2

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Q. Which one of the following statements is correct with reference to FEMA in India?
1) The Foreign Exchange Regulation Act(FERA) was replaced by Foreign Exchange Management Act (FEMA) in the year 2001
2) FERA was given a sunset clause of one year till 31st May 2002 to enable Enforcement Directorate to complete the investigation of pending issues
3) Under FEMA, violation of foreign exchange rules has caused to be a criminal offense
4) As per the new dispensatio, Enforcement Directorate can arrest and prosecute the people for the viol

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Q. Debenture holders of a company are its
1) Shareholders
2) Creditors
3) Debtors
4) Directors

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Q. In India, the first bank of limited liability managed by Indians and founded in 1881 was
1) Hindustan Commercial Bank
2) Oudh Commercial Bank
3) Punjab National Bank
4) Punjab and Sindh Bank

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