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. Where was the first Integrated Steel Plant in Rajasthan established?
1) Alwar
2) Bhilwara
3) Kota
4) Jaipur

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Q. In which city is the head office of the Insurance Regulatory and Deve­lopment Authority of India (IRDAI) located?
1) Kolkata
2) New Delhi
3) Mumbai
4) Hyderabad

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Q. Payment Banks can -
1. Open demand deposit accounts
2. Accept NRI deposits
3. Undertake NBFCs activities
4. Issue credit cards
Select the correct option from the codes given below:

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

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Q. Indian agriculture is typically characterized as -
1) land surplus, labour scarce economy
2) land surplus, labour surplus economy
3) land-scarce, labour surplus economy
4) land-scarce, labour scarce economy

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Q. On which of the following rates, the Reserve Bank of India purchase the Other Commercial Papers and Rediscount Bills of Exchange from the Banks?
1) Repo Rate
2) Reverse Repo Rate
3) Bank Rate
4) Base Rate

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Q. Which of the following is/are linked with the financial sector of India and controlled by the Reserve Bank of India (RBI)?
1) Commercial Bank
2) Money lenders
3) Stock exchange operations
4) All of the above

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Q. Which is a central problem of an economy?
1) Allocation of resources
2) Optimum utilization of resources
3) Economic development
4) All of the above

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Q. A Non-Banking Financial Company (NBFC) is a company registered under the ____________.
1) RBI Act, 1934
2) Company Act, 1956
3) NBFC Act, 1956
4) Government Securities Regulation, 1913

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Q. Plan revenue expenditure relates to -
I. Five-year plans
II. Salaries and pensions.

1) Only I
2) Neither I nor II
3) Both I and II
4) Only II

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Q. In which year was the Reserve Bank nationalised?
1) 1949
2) 1935
3) 1969
4) 1992

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