General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. Equilibrium price in the market is determined by the -
1) equality between total cost and total revenue
2) equality between average cost and average revenue
3) equality between marginal cost and marginal revenue
4) equality between marginal cost and average cost

View Answer

Q. In which year did the Government of India nationalized 14 major private banks?
1) 1968
2) 1970
3) 1969
4) 1965

View Answer

Q. Rangrajan Committee was constituted for -
1) Disinvestment
2) Banking reforms
3) Tax reforms
4) Foreign trade

View Answer

Q. When and where was the office of GATT established ?
1) Paris, 1958
2) New York, 1948
3) Rio de Janeiro, 1948
4) Geneva, 1948

View Answer

Q. Which among the following was not the profit making central public sector enterprise during 2017-18 ?
1) ONGC
2) NTPC
3) IOC
4) BSNL

View Answer

Q. Revised statutory framework for monetary policy is effective from -
1) January 1, 2017
2) August 5, 2016
3) April 1, 2017
4) July 1, 2017

View Answer

Q. India's stock of external debt as on September 30, 2017 is -
1) UR $ 490.7 billion
2) US $ 489.6 billion
3) US $ 475.9 billion
4) US $ 495.7 billion

View Answer

Q. In which year saving investment gap was highest?
1) 2012-13
2) 2013-14
3) 2014-15
4) 2015-16

View Answer

Q. Which of the following items has the highest Engel's elasticity with respect to Private Final Consumption Expenditure?
1) Health
2) Clothing and footwear
3) Eduction
4) Food and non-alcoholic beverages

View Answer

Q. GDP growth of Indian economy has averaged........ for the period from 2014-15 to 2017-18.
1) 7.3 per cent
2) 7.5 per cent
3) 7.7 per cent
4) 7.8 per cent

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 →