General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. The term 'Henry Hub' is the colloquial for the price benchmark for -
1) Crude oil
2) Refined edible oil
3) Liquefied Natural Gas
4) Liquefied Petroleum Gas

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Q. No legal recourse is available in case a cheque -
1) Bounces due to lack of funds
2) Bounces due to the signature difference
3) Bounces due to overwriting
4) Issues towards a donation or gift bounces

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Q. SWAYATT is an initiative to -
1) Promote Start-ups
2) Creating facilities for women and youth advantage through e-transaction on government e-marketplace
3) Both (A) and (B)
4) Neither (A) nor (B)

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Q. Which of the following statements is correct about monetary policy in India?
I. Benchmark policy rate (Repo Rate) is determined by high powered monetary policy committee (MPC).
II. MPC has six members including the RBI Governor.
III. Three members of MPC are appointed by the Central Government with a fixed tenure of four years.
IV. Monetary Policy is reviewed bimonthly.
Correct code is -

1) Only I, II and III are correct
2) I, II, III and IV are correct
3) Only IV is correct
4) None is correct

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Q. Which of the following has suggested bringing a legislation conferring on Farmers 'Right to Sell at MSP' (Minimum Support Price) -
1) The National Commission on Farmers, chaired by Prof. M. S. Swaminathan
2) Commission for Agricultural Costs and Prices (CACP) in its Price Policy report for Kharif Crops for 2018-19 season
3) Standing Committee on Agriculture
4) Fourteenth Finance Commission

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Q. Consider the establishment of the following institutions and choose the correct chronological order in ascending order -
I. University Grant Commission II.NABARD III. SEBI IV. National Testing Agency

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

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Q. In National Income (NI) accounts, Personal Income (PI) is defined as -
1) NI - undistributed profits - net interest payments made by households - corporate tax + transfer payments to the households from the government and firms
2) NI - undistributed profits - corporate tax + transfer payments to the households from the government and firms
3) Undistributed profits - net interest payments made by households + transfer payments to the households from the government and firms
4) Undistributed profits - net interest payments made by households - corporate tax

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Q. The Reserve Bank of India defines narrow money as -
1) CU (currency notes + coins) + DD (net demand deposits held by commercial banks)
2) CU + DD + saving deposits with post office savings banks
3) CU + DD + net time deposits of commercial banks
4) CU + DD + net time deposits of commercial banks + total deposits of post offices

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Q. Multipliers will be lower with which one of the following?
1) High marginal propensity to consume
2) Low marginal propensity to consume
3) High marginal propensity to invest
4) Low marginal propensity to save

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Q. If farmers' loans are waived in India, how will it affect the aggregate demand in the economy?
1. Private consumption impact via increase in private sector net wealth
2. Public sector impact via changes in government expenditure / taxes
3. Crowding-out impact via higher borrowings by State Governments
4. Crowding-in impact via higher credit availability as bank NPAs fall
Select the correct answer using the code given below :

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

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