Latest Business and Economics General Knowledge(GK) Questions and answers

Business and Economics - General Knowledge Questions

1 .

Which of the following costs is related to marginal cost ?

A)

Fixed Cost

B)

Implicit Cost

C)

Prime Cost

D)

Variable Cost

Correct Answer : Variable Cost

2 .

Which one of the following approaches is associated with Prof. Amartya Sen ?

A)

Basic Needs Approach

B)

Capability Approach

C)

Income Approach

D)

Welfare Approach

Correct Answer : Capability Approach

3 .

'Notice Money', with reference to interbank money market, means deals in funds for

A)

2-60 days

B)

2-14 days

C)

5-180 days

D)

None of the above

Correct Answer : 2-14 days

4 .

A note of which a portion is missing or which is composed of more than two pieces it is called a

A)

Mutilated Note

B)

Mismatched Note

C)

Forged Note

D)

None of the above

Correct Answer : Mutilated Note

5 .

Which of the following committees has been appointed to look into dispute between ONGC and RIL on KG gas fields ?

A)

Pradhan Committee

B)

M.B. Shah Committee

C)

A.P. Shah Committee

D)

Deshmukh Committee

Correct Answer : A.P. Shah Committee

6 .

Maximum age for joining National Pension Scheme is

A)

65 years

B)

60 years

C)

55 years

D)

50 years

Correct Answer : 65 years

7 .

With an intention of increasing Digital transactions, the Reserve Bank of India has recently permitted cooperative banks to deploy their own or third party point of sale terminals only, if their net assets are more than

A)

Rs. 15 crore

B)

Rs. 25 crore

C)

Rs. 50 crore

D)

Rs. 75 crore

Correct Answer : Rs. 25 crore

8 .

Based on the UN Habitual Data, the World Economic Forum has recently named two Indian cities as the world's most crowded cities. The cities are Mumbai and

A)

New Delhi

B)

Surat

C)

Andhra Pradesh

D)

Kolkata

Correct Answer : Kolkata

9 .

Equilibrium price in the market is determined by the

A)

equality between total cost and total revenue

B)

equality between average cost and average revenue

C)

equality between marginal cost and marginal revenue

D)

equality between marginal cost and average cost

Correct Answer : equality between marginal cost and marginal revenue

10 .

Which of Ihe following substances is found in garlic ?

A)

Resarpine

B)

Nicotine

C)

Azadiractin

D)

Allicin

Correct Answer : Allicin