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. According to the revised RBI guidelines, loans to 'Food and Agro Processing Units’ will now form part of -
1) Non priority sector lending
2) Micro Finance
3) Agriculture lending
4) MSME Lending

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Q. Gross National Product - Depreciation Allowance = ?
1) Gross Domestic Product
2) Personal Income
3) Net National Product
4) Per Capita Income

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Q. One of the features of a free market economy is -
1) public ownership of factors of production
2) rationing and price control
3) consumer's sovereignty
4) active state intervention

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Q. Internal economies -
1) arise in an economy as it makes progress
2) accrue to a firm when it expands its output
3) arise when there is expansion in internal trade
4) arise when there is expansion in an industry

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Q. In the national context which of the following indicates Macro Approach ?
1) Sales of Bata Shoe Company
2) Exports of Mangoes to U.K.
3) Income from Railways
4) Inflation in India

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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

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

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

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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

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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

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