General Knowledge: Business And Economics Questions Answer GK Quiz

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

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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Q. Which of the following fixed the four per cent inflation target in India with tolerance level of +/- 2 per cent for the period 2016 to 2021?
1) NITI Aayog
2) Reserve Bank of India
3) Fourteenth Finance Commission
4) Government of India

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Q. In terms of the share in Foreign Direct Investment Equity inflows, in India during 2016-17, which of the following countries is on the top ?
1) Japan
2) Mauritius
3) U.S.A.
4) Singapore

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Q. Why companies go for business process re-engineering with the help of technology ?
1) The ace of change has acelerated with the liberalisation of economies world over
2) Customers’ demand and expectations are continuously increasing
3) All of these
4) IT being leveraged to provide competitive edge in products and services at lower costs

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Q. Eleventh Five Year Plan emphasised on -
1) Faster and more inclusive growth
2) Economic Growth with Social Just ice
3) Faster, sustainable and more inclusive growth
4) Economic Growth and Human Development

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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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