General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. Which of the following statements is correct about Micro, Small and Medium Enterprises sector of Indian economy?
1) There are an estimated 2.6 crore MSMEs in the country as on March 2019
2) MSME sector provides employment to six crore persons
3) MSMEs sector contributes 45 per cent to the manufacturing sector's output and 40 per cent to the nation's exports
4) All of the above

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Q. Sub-prime crisis is a term associated with which one of the following events?
1) Economic recession
2) Political instability
3) Structural adjustment programmes
4) Growing social inequality

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Q. Which one of the following canons of taxation was not advocated by Adam Smith?
1) Canon of equality
2) Canon of certainty
3) Canon of convenience
4) Canon of fiscal adequacy

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Q. Consider the following statements about a joint-stock company -
1. It has a legal existence.
2. There is limited liability of share holders.
3. It has a democratic management.
4. It has a collective ownership.
Which of the statements given above are correct?

1) 1 and 2 only
2) 1, 2 and 3 only
3) 3 and 4 only
4) 1, 2, 3 and 4

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Q. The monetary policy in India uses which of the following tools ?
1. Bank rate
2. Open market operations
3. Public debt
4. Public revenue
Select the correct answer using the code given below -

1) 1 and 2 only
2) 2 and 3 only
3) 1 and 4 only
4) 1, 2, 3 and 4

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Q. Devaluation of currency will be more beneficial if prices of -
1) domestic goods remain constant
2) exports become cheaper to importers
3) imports remain constant
4) exports rise proportionately

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Q. 'De minimis' level is the minimal amount of trade-distorting subsidy under WTO arrangement. It has been classified under -
1) Blue Box
2) White Box
3) Ambar Box
4) Green Box

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Q. Which of the following initiatives is an effort of Income Tax department to directly communicate with the tax payers?
1) Aaykar Setu
2) SWAYAM
3) SWAYAM PRABHA
4) SUGAM VARTA

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Q. Bharat QR Code is related to which sector of Indian economy?
1) Banking Sector
2) Hospitality Sector
3) Quality Control
4) Education Sector

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Q. Dynamic Daily Pricing model has been adopted in the pricing of -
1) Dairy products at Mother Dairy outlets
2) Petroleum Products mainly petrol and diesel
3) Consumer non durables in Big Bazar
4) Nowhere

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