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. 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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Q. A life insurance policy which pays out the sum insured under such scenarios death and survival of the insured person is known as -
1) Term insurance policy
2) Whole life policy
3) Endowment policy
4) Annuity policy

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Q. In which year did UNO adopt a definition of absolute poverty ?
1) 1994
2) 1995
3) 1996
4) 1997

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Q. The Shanghai Cooperation Organization summit in which India was inducted as a full member was held at -
1) Ufa
2) Dushanbe
3) Tashkent
4) Astana

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Q. What is meant by a Bullock Capitalist ?
1) Farmers who are poor
2) Farmers who are rich
3) Farmers who have some resources, but are not rich
4) Farmers who are big Zamindars

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Q. Which of the following is not a money market instrument ?
1) Certificates of Deposit
2) Commercial Bills
3) Bills of exchange
4) Trade Bill

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Q. Equity-linked Savings Scheme (ELSS) are open-ended diversified equity schemes offered by -
1) Stock exchanges
2) Commercial Banks
3) Primary Dealers
4) Mutual Funds

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