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. Supersonic Cruise Missile BrahMos is joint venture of which of the following ?
1) India and Russia
2) India and China
3) India and Israel
4) None of the above

View Answer

Q. The German Multinational conglomerate 'Thyssenkrupp' has recently (July 2018) signed a definitive agreement to combine their European Steel business with ........
1) Essar Steel Limited
2) Arcelor Mittal SA
3) JSW Steel Limited
4) Tata Steel Limited

View Answer

Q. The Defence Technology and Trade Initiative (DTTI) is a forum for dialogue on defence partnership between India and -
1) Russia
2) United States of America
3) Israel
4) France

View Answer

Q. As per the policy applicable in 2017, how much Foreign Direct Investment (FDI) is permitted in the defence sector in India ?
1) 49 per cent through the automatic route
2) 26 per cent through the government route
3) 26 per cent through the automatic route and beyond that up to 49 per cent through the government route
4) 75 per cent through the automatic route

View Answer

Q. In order to review the Income Tax Act, 1961 and to draft a new Direct Tax Law in consonance with economic needs of the country, the Government of India in November 2017 has constituted a Task Force. Who among the following is made the convenor of it ?
1) Shri Arvind Subramanian
2) Shri Arbind Modi
3) Shri Amitabh Kant
4) Dr. Bibek Debroy

View Answer

Q. As per RBI norms, 'Term Money' means deals in funds for ......... to 1 year.
1) 30 days
2) 15 days
3) 10 days
4) 20 days

View Answer

Q. The total cost that arises when the quantity produced is increased by one unit is called -
1) Average cost
2) Marginal cost
3) Fixed cost
4) Unit cost

View Answer

Q. 'Subprime lending' is a term applied to the loans made to -
1) Those borrowers who do not have a good credit history
2) Those borrowers who do not have a good debit history
3) Those borrowers who have a good credit history
4) Those borrowers who are employees

View Answer

Q. Which of the following is correct IRR of a capital investment project ?
1) It must exceed the cost of capital in order for the firm to accept the investment
2) It requires discount rate to be assumed beforehand
3) It is equal to cost of debt for a project
4) It is equal to annual cash flows divided by the project's cost when the cash flows are an annuity

View Answer

Q. Provision for Bad Debts is made as per the -
1) Entity concept
2) Going concern concept
3) Cost concept
4) Conservatism concept

View Answer

Advertisement

Manage your small business accounting needs from anywhere anytime with the help of Cloud based QuickBooks remotely accessible on citrix vdi with an affordable citrix xendesktop cost. Get a 15-day risk-free trial from Apps4Rent.

Career Scope in Interior Design

Interior design is a fun and creative field. It mixes art and practicality to make spaces look good and work well. With more people wanting great places to live and work, the need for skilled interior designers is rising. Let’s look at what it takes to have a career in interior design, including nee →

Commonwealth of Independent States (CIS)

Foundation Date: December 8, 1991 Headquarters: The Republic of Belarus Executive Secretaries: Sergei Lebedev Member Countries: 12 Commonwealth of Independent States (CIS) was established on December 8, 1991, and the leaders of the Republic of Belarus, the Russian Federation, and Ukraine signed an a →

What is Bitcoin?

In 2009, an unknown programmer by the name of Satoshi Nakamoto put forward a whitepaper that proposed a creation of new form of digital currency - cryptocurrency. Cryptocurrency functions the same way as regular currencies do in that its used as a means of exchange, unit of account and a store of va →

Food Safety and Standards Authority of India (FSSAI)

Headquarter: New Delhi Function and Objective of the Organization: The Food Safety and Standards Authority of India (FSSAI)has been established under Food Safety and Standards Act, 2006 which consolidates various acts & orders that have hitherto handled food-related issues in various Ministries →