General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. 'Agenda-21' of Rio Summit, 1992 is related -
1) Sustainable development
2) Polluter - Pays principle
3) Environmental Education
4) Preservation of ozone layer

View Answer

Q. Natural resources should be used by the present generation in such a way that if there is mini­mum degradation of natural resources, then what kind of development would it be called?
1) Economic Development
2) Social Development
3) Sustainable Development
4) Organic Development

View Answer

Q. Which of the following is not an economic activity?
1) Farming
2) Service
3) Voluntary Social Service
4) Transportation

View Answer

Q. Which of the following is/are the type/ s of poverty?
1. Absolute poverty
2. Relative poverty
3. Subjective poverty
4. Functional poverty
Choose the correct answer using the code given below -

1) Only 1 and 2
2) Only 1, 2 and 3
3) Only 3 and 4
4) Only 1 and 4

View Answer

Q. The Value of GDP at the current prevailing prices is called -
1) Nominal GDP
2) Current GDP
3) Domestic GDP
4) Real GDP

View Answer

Q. Which one of the following situations can lead to inflation?
1) Rapid growth of aggregate demand outweighing supply
2) Sluggish growth of aggre­gate demand
3) Reduction in the money supply
4) Higher levels of unemploy­ment

View Answer

Q. Which of the following policies helps to raise interest rates unam­biguously and thereby leads to the appreciation of currency?
1) Expansionary fiscal and monetary policy
2) Contractionary fiscal and monetary policy
3) Contractionary fiscal policy and expansionary monetary policy
4) Contractionary monetary policy and expansionary fiscal policy

View Answer

Q. The contraction of private invest­ment spending due to deficit spending by the Government is called -
1) crowding out
2) crowding in
3) pump priming
4) dumping

View Answer

Q. The computation of poverty in terms of Monthly Per Capita Consumption Expenditure (MPCE) based on the Mixed Reference Period was recommen­ded by the -
1) Lakdawala Committee
2) Tendulkar Committee
3) Dandekar Committee
4) Alagh Committee

View Answer

Q. Which one of the following is a measure that can be used by the Government for combatting inflation?
1) Increasing the non-planned expenditure on defence, police, etc.
2) Providing more subsidies on exports
3) Increasing the rate of interest on savings and fixed deposits
4) Reduction in the Cash Reserve Ratio (CRR)

View Answer

Advertisement

Manage your small business accounting needs from anywhere anytime with the help of Cloud based QuickBooks remotely accessible on citrix vdi with an affordable citrix xendesktop cost. Get a 15-day risk-free trial from Apps4Rent.

Career Opportunities in Sports Management

IntroductionAre you passionate about sports but don't see yourself as an athlete? Do you find the business side of sports fascinating? A career in sports management could be your winning ticket! This field combines business, sports, and management, offering dynamic roles that go far beyond the field →

Commonwealth of Independent States (CIS)

Foundation Date: December 8, 1991 Headquarters: The Republic of Belarus Executive Secretaries: Sergei Lebedev Member Countries: 12 Commonwealth of Independent States (CIS) was established on December 8, 1991, and the leaders of the Republic of Belarus, the Russian Federation, and Ukraine signed an a →

What is Bitcoin?

In 2009, an unknown programmer by the name of Satoshi Nakamoto put forward a whitepaper that proposed a creation of new form of digital currency - cryptocurrency. Cryptocurrency functions the same way as regular currencies do in that its used as a means of exchange, unit of account and a store of va →

Food Safety and Standards Authority of India (FSSAI)

Headquarter: New Delhi Function and Objective of the Organization: The Food Safety and Standards Authority of India (FSSAI)has been established under Food Safety and Standards Act, 2006 which consolidates various acts & orders that have hitherto handled food-related issues in various Ministries →