MCQs | General knowledge(GK)/GK General Knowledge - Business And Economics Question set 1 Sample Test,Sample questions

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Question: 
A persistent fall in the general price level of goods and services is known as -

1.Deflation

2.Disinflation

3.Stagflation

4.Depression

Question: 
According to Gartner, 4-phase maturity model can be arranged in sequence as -

1.Transaction, Interaction, Transformation, and Information

2. Information, Transformation, Interaction, and Transaction

3.Transaction, Information, Interaction, and Transformation

4.Information, Interaction, Transaction, and Transformation

Question: 
As on October 16, 2020 total membership of International Monetary Fund is -

1.189 countries

2.190 countries

3.191 countries

4.192 countries

Question: 
Disguised unemployment generally means -

1.Large number of people remain unemployed

2.Alternative employment is not available

3.Marginal productivity of labour is zero

4.Productivity of workers is low

Question: 
Gini Coefficient or Gini Ratio can be associated with which one of the following measurements in an economy?

1.Rate of inflation

2. Poverty index

3.Income inequality

4.Personal income

Question: 
If another global financial crisis happens in the near future, which of the following actions/ policies are most likely to give some immunity to India?
1. Not depending on short-term foreign borrowings.
2. Opening up to more foreign banks.
3. Maintaining full capital account convertibility.
Select the correct answer using the code given below -

1.1 only

2.1 and 2 only

3.3 only

4.1, 2 and 3

Question: 
If another global financial crisis happens in the near future, which of the following actions/ policies are most likely to give some immunity to India?
1. Not depending on short-term foreign borrowings.
2. Opening up to more foreign banks.
3. Maintaining full capital account convertibility.
Select the correct answer using the code given below -

1.1 only

2.1 and 2 only

3.3 only

4.1, 2 and 3

Question: 
In India, liquid funds are regulated by -

1.SEBI

2.IRDA

3.RBI

4.NSE

Question: 
In which of the following the termic cap and trade used?

1.Share Broking

2. Mutual Fund Investments

3.Emission Trading

4.Commodity Futures

Question: 
In which of the following the termic cap and trade used?

1.Share Broking

2. Mutual Fund Investments

3.Emission Trading

4.Commodity Futures

Question: 
Money deposited at a bank that cannot be withdrawn for a preset fixed period of time is known as -

1.Current Deposit

2.Saving Deposit

3.Term Deposit

4.No Frills Account

Question: 
Priority Sector Lending by banks in India constitutes the lending to -

1. Agriculture

2.Micro and small enterprises

3.Weaker sections

4.All of the above

Question: 
The asset or assets that a borrower pledges in order to guarantee repayment of a loan is called as -

1.Cheque

2.Collateral

3.Guarantee card

4.Bond

Question: 
The Modi government at the center has formed NITI Aayog by replacing which one of the following?

1.Planning commission

2.Agriculture price commission

3.Finance commission

4.Fiscal commission

Question: 
The total sum of the goods and services produced in a country in a year minus depreciation is called -

1.Gross Domestic Product

2.Gross National Product

3.Gross National Income

4.Net Domestic Product

Question: 
The working of the price mechanism in a free-market economy refers to which one of the following?

1.The interplay of the forces of demand and supply

2.Determination of the inflation rate in the economy

3.Determination of the economy's propensity to consume

4.Determination of the economy's full employment output

Question: 
Which of the following directly affects the real economy?

1.Statutory Liquidity Ratio (SLR)

2.Reverse Repo Rate

3.Taxation

4. Marginal cost of funds based Lending Rate

Question: 
Which of the following is not a component of Foreign Direct Investment?

1.Equity Capital

2.Portfolio Investment

3.Reinvested earnings

4. Intra company loans

Question: 
Which of the following may be classified as a Pigouvian tax?

1.Long term capital gain tax

2.Corporate tax

3.Carbon tax

4. Income tax

Question: 
Which of the following types of banks have been established in India under differentiated bank-ing?
I. Regional Rural Banks
II. Universal Banks
III. Small Finance Banks
IV. Private Banks
V. Payments Bank
Correct code is -

1.Only I, III and V

2.Only II and IV

3.Only II

4.All I, II, III, IV and V

Question: 
Which of these banks has launched a fixed deposit scheme called FD Health?

1.ICICI Bank

2.IDBI Bank

3.Syndicate Bank

4.HSBC Bank

Question: 
Which one of the following statements is not correct?

1.Real GDP is calculated by valuing outputs of different years at common prices

2.Potential GDP is the real GDP that the economy would produce if its resources were fully employed

3.Nominal GDP is calculated by valuing outputs of different years at constant prices

4.Real GDP per capita is the ratio of real GDP divided by population

Question: 
A country is said to be in a debt trap if -

1.It has to abide by the conditionalities imposed by the International Monetary Fund

2. It has to borrow to make interest payments on outstanding loans

3. It has been refused loans or aid by creditors abroad

4.The World Bank charges a very high rate of interest on outstanding & new loans

Question: 
Banks in India were nationalised for the first time in -

1.1970

2.1968

3.1969

4.1971

Question: 
Consider the following events and arrange them in chronological order -
1. Establishment of NABARD.
2. Self Help Group Bank Link-age Programme.
3. Kisan Credit Card Plan.
4. Establishment of Regional Rural Bank.
Select the correct answer from the codes given below -
Codes :

1.4, 1, 2, 3

2.4, 2, 3, 1

3.1, 2, 3, 4

4.4, 3, 2, 1

Question: 
For the calculation of the 'wholesale price index' in 2019, _________ is taken as the base year.

1.2013-14

2.2014-15

3.2011-12

4.2012-13

Question: 
Gold Tranche" (Reserve Tranche) refers to -

1.a loan system of the World Bank

2.one of the operations of a Central Bank

3.a credit system granted by WTO to its members

4.a credit system granted by IMF to its members

Question: 
Golden Revolution is related to -

1.Precious minerals

2.Pulses

3.Jute

4.Horticulture

Question: 
Housing Finance Companies in India are under the regulatory framework of -

1.National Housing Bank

2.Reserve Bank of India

3.Securities and Exchange Board of India

4.Ministry of Finance

Question: 
Human Development Report 1997 introduced the concept of Human Poverty Index (HPI) but Human Development Report replaced it with Multidimensional Poverty Index (MPI) in the year -

1.1999

2.2005

3.2010

4.2015

Question: 
In ....... economies, all productive resources are owned and controlled by the government.

1.dual

2.socialist

3.mixed

4.capitalist

Question: 
In an economy, if the share of its primary sector is 50% or more in the total output of the economy it is called as -

1. Industrial economy

2.service economy

3.Agrarian economy

4.Command economy

Question: 
In India, the term "Public Key Infrastructure" is used in the context of -

1.Digital security infrastructure

2.Food security infrastructure

3.Health care and education infrastructure

4.Telecommunication and transportation infrastructure

Question: 
In the context of Indian economy, Open Market Operations refers to -

1.Borrowing by scheduled banks from the RBI

2.Lending by commercial banks to industry and trade

3. Purchase and sale of government securities by the RBIC

4.None of the above

Question: 
In which year was the first Industrial Policy based on the mixed economy principle announced in India ? The policy clearly demarcated the areas of operation of the public and private sectors.

1. 1959

2.1948

3.1950

4.1962

Question: 
Indexation is a method whose use can be associated with which one of the following?

1.Controlling inflation

2.Nominal GDP estimation

3.Measurement of savings rate

4.Fixing of wage compensation

Question: 
On which date was the Ombudsman Scheme for the Non-Banking Financial Companies (NBFC), 2018 effectively introduced by the Reserve Bank of India?

1.26 January 2018

2.23 January 2018

3. 26 February 2018

4. 23 February 2018

Question: 
Payment Banks are not allowed to -

1.Open Saving A/c

2.Open Current A/c

3.Advance Loan

4.Access Deposit

Question: 
Pump Priming a term coined by Prof. J.M. Keynes is an effective tool to .......

1.Create employment through public investment even in unproductive activities during depression in the economy

2.Control inflation through fiscal measures

3.Encourage private entrepreneurs to invest in core sectors

4. Create infrastructure in urban areas

Question: 
The biggest center of Software and Business Process Outsourcing Industries is established in U.P. in which of the following cities?

1.Meerut

2.Kanpur

3.Varanasi

4.Noida

Question: 
The Directorate General of Trade Remedies (DGTR), under Commerce Ministry, has initiated a probe to review the need for continuing imposition of antidumping duty on certain types of steel products imported from -

1.China

2.USA

3.Russia

4.Indonesia

Question: 
The excess of total expenditure of Government over its total receipts, excluding borrowings, is known as -

1.Primary deficit

2.Fiscal deficit

3.Current deficit

4.Capital deficit

Question: 
The idea of Cultural Poverty was given by -

1.Oscar Lewis

2.Gunnar Myrdal

3.Aashish Bose

4.Amartya Sen

Question: 
The increase in private investment spending induced by the increase in Government spending is known as -

1.Crowding in

2.Deficit financing

3.Crowding out

4.Pumping out

Question: 
The mismatch in the regional or occupational pattern of job vacancies and the pattern of worker availability results in -

1.Structural unemployment

2.Disguised unemployment

3.Altered unemployment

4.Cyclical unemployment

Question: 
The percentage by which the money the borrower pays back exceeds the money that was borrowed is called as -

1. Bank rate

2.Nominal interest Rate

3.Real interest rate

4.Terms of credit

Question: 
The principal component(s) of Nehru-Mahalanobis strategy of economic development was/ were -
1. Restructuring economic dependency on metropolitan capitalism into independent economic development.
2. Transition from semi-feudal agriculture to capitalist farming.
Select the correct answer using the code given below -

1.1 only

2.2 only

3.Both 1 and 2

4. Neither 1 nor 2

Question: 
The Public Financial Management System (PFMS) is a web-based online software application designed, developed, owned and implemented by the

1. Department of Financial Services

2.Institute of Government Accounts and Finance

3.Controller General of Accounts

4.National Institute of Financial Management

Question: 
The situation in an economy which is growing slowly along with rapid inflation (rising price level) is called -

1.Stagnation

2.Deflation

3.Stagflation

4.Recession

Question: 
The situation where the equilibrium level of real GDP falls short of potential GDP is known as -

1.Recessionary gap

2.Inflationary gap

3.Demand-side inflation

4.Supply-side inflation

Question: 
The task force of blue economy for sustainable development is a collaboration between India and which country?

1.Switzerland

2.Norway

3.Sweden

4.France

Question: 
The terms 'Marginal Standing Facility (MSF) Rate' and 'Net Demand and Time Libilities', sometimes appearing in news, are used in relation to -

1.Banking operations

2.communications networking

3.military strategies

4.supply and demand of agricultural products

Question: 
The Travel and Tourism Competitive Index (TTCI) is released by -

1.World Bank

2.International Monetary Fund

3.World Economic Forum

4.United Nations Development Programme

Question: 
The two largest denomination notes demonetized on 8 November, 2016 in India were -

1.500 and 2000

2.50 and 100

3.500 and 1000

4.100 and 500

Question: 
The two largest denomination notes demonetized on 8 November, 2016 in India were -

1.500 and 2000

2.50 and 100

3.500 and 1000

4.100 and 500

Question: 
Ways and Means is a load of Advances provided by the RBI to -

1.Central Government

2.Banks

3.State Government

4.NABARD

Question: 
What do you mean by Demographic Dividend?

1.A rise in the rate of economic growth due to a higher share of working age people in a population

2.A rise in the rate of literacy due to development of educational institution in different parts of the country

3. A rise in the standard of living of the people due to the growth of alternative livelihood practices.

4.A rise in the gross employment ratio of a country due to government policies.

Question: 
Where is the headquarters of the Insurance Regulatory and Development Authority (IRDA)?

1.Chennai

2.Delhi

3.Kolkata

4.Hyderabad

Question: 
Which economist developed international trade theory in 1817 based on comparative advantage and specialisation?

1.Paul Krugman

2.Gary Becker

3.Milton Friedman

4.David Picardo

Question: 
Which is the uniform GST rate that has been fixed up for lottery prizes by the GST Council?

1.18%

2.32%

3.28%

4.10%

Question: 
Which of the following agencies releases the index of industrial production to measure industrial performance in India?

1.The National Sample Survey Office (NSSO)

2.The Reserve Bank of India (RBI)

3.The Central Statistics Office (CSO)

4.The Indian Statistical Institute (ISI)

Question: 
Which of the following institutions does not regulate capital market in India ?

1.RBI

2.SEBI

3.Ministry of Finance

4.IRDA

Question: 
Which of the following is a social objective of business?

1.Innovation

2.Employment generation

3.Business coordination

4.Risk management

Question: 
Which of the following pairs is not matched correctly in relation to introduction of BASEL norms introduced by Bank of International Settlement, Basel (Switzerland)?

1.Basel I - 1988

2.Basel II - 2004

3.Basel III - 2010

4.Basel IV - 2021

Question: 
Which of the following schemes enjoys the benefit of triple tax exemptions, i.e., the exempt-exempt-exempt (EEE) status?

1.Public Provident Fund

2.Equity Linked Savings Scheme

3.Senior Citizens Savings Scheme (SCSS)

4.National Savings Certificate Scheme

Question: 
Which of the following sectors is/are key components of White Economy?
Manufacturing of Pharmaceuticals and Medical devices
II. Hospitals, dispensaries and Medical colleges
III. Research and Development in medical science
IV. Paramedical Services
Correct code is -

1.Only I, II and III

2.Only I

3.Only II, III and IV

4.All I, II, III and IV

Question: 
Which of the following statement about green bond is not true?

1.Green Bond investment is only for climate friendly projects

2.Green bonds were first introduced by European Investment Fund in 2007

3.Green Bonds are Financial Market Innovation

4.Green Bonds are fixed interest loan in short date maturities

Question: 
Which of the following statements about 'Invest India' is/ are correct?
1. It is a joint venture (not for profit) company.
2. It is the National Investment Promotion and Facilitation Agency of India.
Select the correct answer using the code given below.

1.1 only

2.2 only

3.Both 1 and 2

4.Neither 1 nor 2

Question: 
Which of these institutions fixes the Repo Rate and Reverse Repo Rate in India?

1.Ministry of Finance

2.Comptroller and Auditor General of India

3.State Bank of India

4. Reserve Bank of India

Question: 
Which one of the following countries is not a founding member of the New Development Bank?

1.Brazil

2.Canada

3.Russia

4.India

Question: 
Which one of the following equals Personal Disposable Income?

1.Personal Income - Direct taxes paid by households and miscellaneous fees, fines, etc.

2.Private Income - Saving of Private Corporate Sectors - Corporation Tax 3)

3.Private Income - Taxes

4.Total expenditure of Households - Income Tax - Gifts received

Question: 
Which one of the following is not a function of money?

1.Acts as an intermediate in the exchange process

2.Acts as a store of value

3.Used as the unit of account

4.Used for regulating consumption

Question: 
Who among the following publishes the Economic Survey of India?

1.National Development Council

2.Ministry of Finance

3.Institute Finance

4.Indian Statistical Institute

Question: 
Who issues the Special Drawing Rights (SDR) in the following?

1.World Bank

2.World Trade Organization

3.Asian Development Bank

4.International Monetary Fund

Question: 
Why are the indirect taxes termed regressive taxing mechanism?

1.They are charged at higher rate than direct taxes

2.They are charged the same rates for all income groups

3.They are not charged the same for all income groups

4.None of the above

Posted on by Laboursonline.com Team

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  232. GK General Knowledge - Art And Culture Question Set 1
  233. GK General Knowledge - Art And Culture Question Set 2
  234. Goa GK MCQ
  235. Manipur GK MCQ
  236. Sikkim GK MCQ
  237. GK General Knowledge - Art And Culture Question Set 3
  238. GK General Knowledge - Art And Culture Question Set 4
  239. GK General Knowledge - Art And Culture Question Set 5
  240. GK General Knowledge - Art And Culture Question Set 6
  241. GK General Knowledge - Art And Culture Question Set 7
  242. Country Capitals and Currency GK MCQ
  243. GK English Mcq Question Answer
  244. Science And Technology Mcq Question
  245. General Awareness MCQ
  246. GK Material Science Mcq
  247. Medieval Indian History Questions (MCQs) for UPSC, SSC Exams
  248. World Geography MCQ
  249. Sports GK Questions MCQs
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