Business and Economics - General Knowledge Questions

1 .

Who chaired the first meeting of the think tank on the Framework for National Policy on E-commerce ?

A)

Narendra Modi

B)

Arun Jaitley

C)

Suresh Prabhu

D)

Smriti Irani

Correct Answer : Suresh Prabhu

2 .

'RDA' is a channel to receive cross-border remittances from overseas jurisdictions. The alphabet 'R' in the abbreviation 'RDA' stands for

A)

Rural

B)

Rate

C)

Rupee

D)

Resident

Correct Answer : Rupee

3 .

The recommendations of 15th Finance Commission will be applicable for the period

A)

2017-22

B)

2018-23

C)

2019-24

D)

2020-25

Correct Answer : 2020-25

4 .

The 'CGFMU' is a Credit Guarantee Fund established for guaranteeing loans sacrificed under the

A)

PMRY Scheme

B)

PMMY Scheme

C)

PMGSY Scheme

D)

PMAY Scheme

Correct Answer : PMMY Scheme

5 .

The Tarun Ramadorai panel set up by the Reserve Bank of India (RBI) has been tasked to look at the various facets of the

A)

Household finance in India

B)

Digital Banking initiatives

C)

Demonetisation

D)

Payment Banks

Correct Answer : Household finance in India

6 .

According to World Economic Forum, which of the following is the world's biggest employer?

A)

Indian Railway

B)

Chinese Military

C)

U.S. Department of Defence

D)

Indian Army

Correct Answer : U.S. Department of Defence

7 .

_______ is a tax saving mutual fund.

A)

ELSS

B)

Balanced Fund

C)

Debt Funds

D)

Debt Funds

Correct Answer : ELSS

8 .

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

9 .

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

10 .

'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

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