General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. Assertion (A) : Cost push inflation is caused by shift in aggregate supply curve..
Reason (R) : Shift in aggregate supply curve takes place because of increase in wages.

1) (A) is true, but (R) is false
2) Both (A) and (R) are true and (R) is the correct explanation of (A)
3) (A) is false, but (R) is true.
4) Both (A) and (R) are true, but (R) is not the correct explanation of (A)

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Q. The most volatile part the Organised money market in India is -
1) Call Money Market
2) Government Security Market
3) Certificate of Deposit Market
4) Commercial Bill Market

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Q. In humans trisomy of chromosome number 21 is responsible for -
1) Down Syndrome
2) Haemophilia
3) Turner Syndrome
4) Klinefelter Syndrome

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Q. Consider following statements about Electoral Bond Scheme 2018 :
1. The aim of this scheme is to bring about transparency in the funding process of political parties.
2. Only the political parties recognized by the Election Commission which secured not less than two per cent of the votes polled in the last general election to the House of people or the Legislative Assembly of the State shall be eligible to receive the Electoral Bonds.
3. Electoral Bonds shall be valid for fifteen calendar days from the date of issue.
4. The Electoral Bond deposited by an eligible political party in its account shall be credited on the same day.
Which of the above statements are correct ?

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

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Q. Which of the following items provide maximum revenue in the Revenue Receipts of Rajasthan budget in recent years ?
1) Non-tax revenue
2) Share in central taxes
3) Union grant
4) State’s tax revenue

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Q. The Bharat Electronics Ltd. (BEL) is collaborating with ISRO to develop -
1) Nuclear technology
2) Agro technoloy
3) C-DAC
4) GaAs solar cells

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Q. Proposed oil refinery at Pachpadra, Barmer is a joint venture of -
1) HPCL and Government of India
2) ONGCL and Government of India
3) HPCL and Government of Rajasthan
4) OIL and Government of Rajasthan

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Q. Under Rule 377 of Rules and Procedure and Conduct of Business in Lok Sabha, the maximum number of matters that can be raised by Lok Sabha members in one day are -
1) 21
2) 19
3) 22
4) 20

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Q. Which of the following are Financial Committees of Indian Parliament ?
1. Estimates Committee. 2. Public Accounts Committee
3. Committee on Public Undertakings. 4. Joint Committee on Salaries and Allowance for Members of Parliament.
Select the correct answer using code given below :

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

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Q. Central Vigilance Commission was set up on the recommendation of -
1) Santhanam Committee
2) Gorwala Report
3) Administrative Reforms Commission of India
4) Kriplani Committee

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