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 is the first Private Sector Bank in India to use Software Robotics?
1) ICICI Bank
2) IDBI Bank
3) Axis Bank
4) Bandhan Bank

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Q. Who among the following can join the National Pension system (NPS)?
1) Resident Indian citizens only
2) Persons of age from 21 to 55 only
3) All State Government employees joining the services after the date of notification by the respective State Governments
4) All Central Government employees including those of Armed Forces joining the services on or after 1st April, 2004

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Q. SEBI Act was passed in -
1) 1956
2) 1962
3) 1992
4) 2013

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Q. Surge pricing takes place when a service provider -
1) raises the price of its product or service as demand outstrips supply
2) follows preset prices immune to demand and supply dynamics
3) fixes a minimum price for its service
4) fixes an average price on the basis of transactions carried over a day

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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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