Business and Economics - General Knowledge Questions

1 .

When the demand of a commodity also depends upon prices of the substitutes & complementaries or relative prices then it is called

A)

Price-demand

B)

Cross-Demand

C)

Income-Demand

D)

None of the above

Correct Answer : Cross-Demand

2 .

When quantity demanded changes due to factors other than price, it is called

A)

increase in demand

B)

decrease in demand

C)

both (a) and (b)

D)

None of the above

Correct Answer : both (a) and (b)

3 .

In case of utility theory, as income increases, marginal utility of money

A)

Remains constant

B)

Increases

C)

Decreases

D)

None of the above

Correct Answer : Remains constant

4 .

The perfect competition is characterised by

A)

seller as price taker

B)

presence of many firms

C)

firms selling identical products

D)

all of these

Correct Answer : all of these

5 .

Revised statutory framework for monetary policy is effective from

A)

August 5, 2015

B)

August 5, 2016

C)

April 1, 2017

D)

April 1, 2018

Correct Answer : August 5, 2016

6 .

In the abbreviation IGST, the letter 'I' stands for what ?

A)

Integrated

B)

Interim

C)

Interest

D)

India

Correct Answer : Integrated

7 .

Which among the following was not the profit making central public sector enterprise during 2017-18 ?

A)

ONGC

B)

NTPC

C)

IOC

D)

BSNL

Correct Answer : BSNL

8 .

The interest rate charged by a bank on a short-term loan to another bank (not the central bank of our country) is known as

A)

Marginal standing facility rate

B)

Spot rate

C)

Interbank rate

D)

CRR

Correct Answer : Interbank rate

9 .

With which of the following nation India has the most unfavourable foreign trade?

A)

America

B)

China

C)

Russia

D)

UAE

Correct Answer : China

10 .

The 'IRS' is a liquid financial derivative instrument which can be used to hedge against charges in

A)

Interest rates swap

B)

Income streams

C)

Exchange Rates

D)

Stock notices

Correct Answer : Interest rates swap

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