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. Which of the following Prime Ministers of India, is regarded as the Father of Economic Reforms?
1) Rajiv Gandhi
2) P. V. Narshimha Rao
3) Atal Bihari Vajpayee
4) Manmohan Singh

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Q. Which of the following taxes is also known as Google Tax?
1) Equalisation Levy
2) Capital Levy
3) Estate Duty
4) Gift Tax

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Q. Consider the following statements regarding Serious Fraud Investigation Office (SFIO) -
1. It is a statutory investigation agency in India.
2. It falls under the jurisdiction of the Ministry of Corporate Affairs.
Which of the statements given above is/ are correct?

1) 1 only
2) 2 only
3) Both 1 and 2
4) Neither 1 nor 2

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Q. International Financial Centre, first of its kind in India, is established in which state?
1) Maharashtra
2) Gujarat
3) West Bengal
4) Tamil Nadu

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Q. NITI Ayog has replaced Planning commission, which for mulates India's Five Year Plan. How is NITI Ayog different from planning commission -
1. NITI Ayog acts as 'Think Tank' of Government of India, providing both directional and policy inputs.
2. NITI Ayog has power to allocate financial resources to states unlike planning commission.
Which of the statements given above is/ are correct?

1) 1 only
2) 2 only
3) Both 1 and 2
4) Neither 1 nor 2

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Q. The Global Livability Index has been released by -
1) World Health Organization (WHO)
2) International Monetary Fund (IMF)
3) World Economic Forum (WEF)
4) Economist Intelligence Unit (EIU)

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Q. World Investment report is brought out by -
1) World Economic Forum
2) OECD
3) IMF
4) UNCTAD

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Q. Foreign Exchange reserves in India are managed by -
1) CDSL
2) RBI
3) NSDL
4) Ministry of Finance

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Q. Which Ministry of Government of India is related for India's Foreign Trade Policy?
1) Ministry of Defence
2) Ministry of External Affairs
3) Ministry of Commerce and Industry
4) Ministry of Home Affairs

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Q. In which year was accounting separated from auditing and Comptroller and Auditor General's task only remained confined to auditing the Government Accounts?
1) 1975
2) 1977
3) 1976
4) 1981

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