General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. Methodology of estimation of national income in India changed from the year -
1) 2012-13
2) 2013-14
3) 2014-15
4) 2015-16

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Q. Which of the following is not a production tax?
1) Registration fees
2) Land revenue
3) Import Duties
4) Stamp duties

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Q. Which of the following is/ are Product Tax?
I. Goods and Services Tax
II. Excise Duties
III. Customs Duties
IV. Sales Tax
Correct code is -

1) Only I, II and III
2) Only I, III and IV
3) Only II, III and IV
4) I, II, III and IV

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Q. In simple words which of the following measures is termed as the National Income of a country?
1) Net National Product at Factor Cost (NNP at FC)
2) Net National Product at Market Price (NNP at MP)
3) Gross National Income at Factor Cost (GNI at FC)
4) Net Domestic Product at Market Price (NDP at MP)

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Q. Estimation of national income in India is done by -
1) Reserve Bank of India
2) Office of Economic Adviser, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Gol
3) Central Statistics Office, Ministry of Statistics and Programme Implementation, Gol
4) Chief Economic Advisor, Gol

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Q. Which of the following is regarded as a better measurement of economic development?
1) National Income
2) National Disposable Income
3) Per Capita Income
4) Private Disposable Income

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Q. Ru Pay has been launched by -
1) State Bank of India
2) NABARD
3) National Payments Corporation of India Limited
4) National Securities Depository Limited

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Q. The 9th annual BRICS Summit was held in -
1) Beijing
2) Chongqing
3) Tianjin
4) Xiamen

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Q. The venue of the formal launching of GST in India on July 1, 2017 was -
1) Parliament House
2) India Gate
3) Prime Minister's Office
4) Rashtrapati Bhawan

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Q. Improvement of profit volume ratio can be done by the following -
1) Increasing selling price
2) Altering sales mixture
3) Reducing Variable cost
4) All of the above

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