General Knowledge: Business And Economics Questions Answer GK Quiz

Business And Economics Question Answer 2024, Business And Economics Quiz Questions 2024

Q. Gini Coefficient or Gini Ratio can be associated with which one of the following measurements in an economy?
1) Rate of inflation
2) Poverty index
3) Income inequality
4) Personal income

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Q. Which one of the following is not a dimension of the Human Development Index?
1) A long and healthy life
2) Knowledge
3) Access to banking and other financial provisions
4) A decent standard of living

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Q. Which one of the following factors is not considered in determining the Minimum Support Price (MSP) in India?
1) Cost of production
2) Price trends in international and domestic markets
3) Cost of living index
4) Inter-crop price parity

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Q. Which one of the following is an example of a price floor?
1) Minimum Support Price (MSP) for Jowar in India
2) Subsidy given to farmers to buy fertilizers
3) Price paid by people to buy goods from ration shops
4) Maximum Retail Price (MRP) printed on the covers/ packets of goods sold in India

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Q. The value of the slope of a normal demand curve is -
1) positive
2) negative
3) zero
4) infinity

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Q. The term Operation Twist is related to -
1) Renewable energy
2) Debt Restructuring
3) Currency Crisis
4) Quantitative Easing

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Q. Regional Comprehensive Economic Partnership (RCEP) is a proposed pact between ASEAN and -
1) China, Japan and South Korea
2) Australia, New Zealand and India
3) Both (A) and (B)
4) Neither (A) nor (B)

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Q. ....... is the largest creditor nation in the world.
1) Japan
2) Germany
3) China
4) Saudi Arab

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Q. Trade Adjustment Assistance is a term that is associated with -
1) Industrialisation
2) Globalisation
3) Capital flow
4) Current Account Deficit

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Q. Effective Corporate tax (including the base rate, cess, surcharge, dividend distribution tax and any other addition tax) is highest in -
1) France
2) Brazil
3) India
4) Japan

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