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. The non-plan grants to the states by the Central Government are made on the recommendations of -
1) Finance Commission
2) Reserve Bank of India
3) Ministry of Finance
4) State Bank of India

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Q. Core inflation is defined as -
1) Headline inflation excluding only fuel inflation
2) Food inflation and fuel inflation
3) Headline inflation excluding only food inflation
4) Headline inflation excluding both food inflation and fuel inflation

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Q. In which of the following countries zero based budgeting was first adopted ?
1) USA
2) France
3) India
4) Germany

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Q. Which among the following is the most important item of revenue expenditure of the union government ?
1) Major subsidies
2) Pensions
3) Salaries and Allowances
4) Interest Payments

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Q. The Apex institution in the field of Industrial finance in India is -
1) Reserve Bank of India
2) Industrial Finance Corporation of India
3) Industrial Development Bank of India
4) State Bank of India

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Q. Which one of the following is the correct sequence in decreasing order of the contribution of different sectors to the Gross Domestic Product of India ?
1) Services > Agriculture > Industry
2) Industry > Services > Agriculture
3) Industry > Agriculture > Services
4) Services > Industry > Agriculture

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Q. Which one of the following is not the method of quantitative credit control ?
1) Bank rate
2) Variable Reserve ratio
3) Open market operation
4) Rationing of credit

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Q. Which of the following features indicates that Indian economy is in a developing category ?
I. Occupation is mainly agriculture. II. Disguised unemployment
III. Poor quality of Human Capital IV. High per capita intake of proteins.
Select the correct answer from the codes given below -

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

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Q. The contribution of Agriculture in Indian economy is -
1) Increasing
2) Decreasing
3) Constant
4) None of the above

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Q. Which of the following statement is incorrect in reference to compost ?
1) The process of decomposition by pits is slowed down by earthworms
2) In this, biodegradable waste is decomposed in pits
3) The waste material decomposed as farm waste material like livestock excreta, vegetable waste etc.
4) It is rich in organic matter and nutrients

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