General Knowledge: Business And Economics Questions Answer GK Quiz

Business And Economics Question Answer 2025, Business And Economics Quiz Questions 2025

Q. Maximum number of 'Start-ups' has been registered in -
1) Gujarat
2) Uttar Pradesh
3) Maharashtra
4) Karnataka

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Q. Government of India announced Minimum Support Price for paddy (common grade) @ Rs. 1750 per quintal. However, Bhupesh Baghel government of Chhattisgarh fixed MSP for paddy @ .......... per quintal.
1) Rs. 2000
2) Rs. 2200
3) Rs. 2500
4) Rs. 2600

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Q. As per a ranking of Department of Industrial policy and Promotion, which state is at the top to start a 'Start-up' ?
1) Maharashtra
2) Gujarat
3) Tamil Nadu
4) Punjab

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Q. 'Strategy for New India@75' document has been prepared by -
1) NITI Aayog
2) Ministry of Finance
3) National Council of Applied Economic Research
4) Reserve Bank of India

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Q. Which one of the following statements does not apply to the system of Subsidiary Alliance introduced by Lord Wellesley ?
1) To maintain a large standing army at other's expense
2) To keep India safe from Napoleonic danger
3) To secure a fixed income for the Company
4) To establish British paramountcy over the Indian States

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Q. Which one of the following best describes the term "Merchant Discount Rate' sometimes seen in news ?
1) The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank
2) The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services
3) The charge to a merchant by a bank for accepting payments from his customers through the bank's debit cards
4) The incentive given by the Government to merchants for promoting digital payments by their customers through Point of Sale (PoS) machines and debit cards

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Q. Consider the following items :
1. Cereal grains hulled
2. Chicken eggs cooked.
3. Fish processed and canned
4. Newspapers containing advertising material.
Which of the above items is/ are exempted under GST (Goods and Services Tax) ?

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

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Q. Consider the following statements :
1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities.
2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments.
3. Treasury bills offer are issued at a discount from the par value.
Which of the statements given above is/ are correct ?

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

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Q. With reference to the governance of public sector banking in India, consider the following statements :
1. Capital infusion into public sector banks by the Government of India has steadily increased in the last decade.
2. To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected.
Which of the statements given above is/ are correct ?

1) 1 only
2) 2 only
3) Both 1 and 2
4) Neither 1 nor 2

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Q. Consider the following statements :
1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues.
2. CAR is decided by each individual bank.
Which of the statements given above is/ are correct ?

1) 1 only
2) 2 only
3) Both 1 and 2
4) Neither 1 nor 2

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