General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. K.L.M. Royal Airlines belongs to
1) Italy
2) Japan
3) Netherlands
4) Austria

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Q. Which company uses the ad line, 'Knowing is everything'?
1) BBC World
2) Star
3) Sony
4) Zee

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Q. In the recent past, Reliance has found the gas in..........
1) Mumbai offshore
2) Mahanadi basin
3) Krishna -Godavari basin
4) Kaveri basin

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Q. Which petroleum company has introduced an improved quality petrol called 'Speed'?
1) Bharat Petroleum
2) Indian Oil
3) Hindustan Petroleum
4) None of these

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Q. What is Value Added Tax (VAT)
1) A simple, transparent, easy to pay tax imposed on consumers
2) A new initiative taken by the government to increase the tax-burden of high income groups
3) A single tax that replaces state taxes like, surcharge turnover tax and sales tax, etc.
4) A new tax to be imposed on the producers of capital goods

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Q. The difference between visible exports and visible imports is defined as—
1) Balance of trade
2) Balance of payment
3) Balanced terms of trade
4) Coins from trade

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Q. Given the money wages, if the price level in an economy increases, then the real wages will—
1) Increase
2) Decrease
3) Remain constant
4) Become flexible

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Q. The World Trade Organisation (WTO) was earlier known as—
1) GATT
2) UNICEF
3) UNCTAD
4) FAO

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Q. A firm is in equilibrium when its—
1) Marginal cost equals the marginal revenue
2) Total cost is minimum
3) Total revenue is maximum
4) Average revenue and marginal revenue are equal

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Q. In the law of demand, the statement ‘other things remain constant’ means—
1) Income of consumer should not change
2) Prices of other goods should not change
3) Taste of consumer should not change
4) All of the above

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