General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. GDP is -
1) nation's total economic activity
2) value of all finished goods produced in one year by its nationals
3) value of goods and services produced in an area, industry or sector of an economy
4) capital that has been consumed over the year in the form of housing, vehicle or machinery deterioration

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Q. Inflation is measured by which index in India?
1) WPI (Whole price Index)
2) CPL (Consumer Price Index)
3) GDP (Gross Domestic Product)
4) IIP (Index of Industrial Production)

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Q. When the rate of inflation increases -
1) purchasing power of money increases
2) purchasing power of money decreases
3) value of money increases
4) value of money decreases

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Q. The National Bank for Agriculture and Rural Development is an apex development financial institution in India, headquartered at -
1) Pune, Maharashtra
2) Chennai, Tamil Nadu
3) Mumbai, Maharashtra
4) New Delhi, Delhi

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Q. Mixed Economy refers to -
1) Coexistence of small and large industries
2) Coexistence of agriculture and industry
3) Coexistence of public and private sector
4) Coexistence of domestic and foreign enterprises

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Q. The 'NAFTA' is an agreement signed by various countries creating a trilateral trade bloc. What does 'N' stand for in 'NAFTA' ?
1) National
2) North
3) Normal
4) Negotiable

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Q. The form of insurance which insures against financial loss from defects in title to real property and from the invalidity or unenforceable of mortgage loans is known as -
1) Credit insurance
2) Property insurance
3) Mortgage-cover
4) Title insurance

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Q. The Insurance Regulatory and Development Authority of India (IRDAI) was incorporated (as a Statutory body) in 2000 based on the recommendations of the -
1) R. N. Malhotra Committee
2) Narshimaham Committee
3) R. N. Talwar Committee
4) Bimal Jalan Committee

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Q. The specific cause of a possible loss covered by an insurance policy is known as -
1) Threat
2) Hazard
3) Exposure
4) Danger

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Q. Group Insurance is a plan of insurance which covers a similar or homogeneous group of individual under a single policy called the -
1) Mutual Insurance Policy
2) Master Policy
3) None of those given as options
4) Commercial policy

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