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

Business and Economics - General Knowledge Questions

1 .

In an emergency situation when inter-bank liquidity dries up completely, banks can utilise the 'Marginal Standing Facility Rate' facility to borrow from the

A)

Mutual funds and insurance companies

B)

Inter-bank call money market

C)

Corporates and Individuals

D)

Reserve Bank of India

Correct Answer : Reserve Bank of India

2 .

Cash budget is prepared because it

A)

encourages over spending

B)

helps in cash management

C)

is legally compulsory

D)

indicates liquidity

Correct Answer : helps in cash management

3 .

Fixed Foreign Exchange Rate can be changed by

A)

RBI

B)

SEBI

C)

FIPB

D)

Ministry of Finance

Correct Answer : RBI

4 .

.......... is the largest Mutual Fund Group in the world.

A)

Fidelity

B)

Black Rock

C)

Vanguard

D)

Templeton

Correct Answer : Black Rock

5 .

The Reserve Bank of India has advised banks to adhere to timelines prescribed for formulation and implementation of the 'CAP' by resolution of stressed loans. The alphabet 'C' in abbreviation 'CAP' stands for

A)

Convertible

B)

Corproate

C)

Company

D)

Corrective

Correct Answer : Corrective

6 .

India's stock of external debt as on September 30, 2017 is

A)

US $ 475.9 billion

B)

US $ 489.6 billion

C)

UR $ 490.7 billion

D)

US $ 495.7 billion

Correct Answer : UR $ 490.7 billion

7 .

Gross National Product - Depreciation Allowance = ?

A)

Gross Domestic Product

B)

Net National Product

C)

Personal Income

D)

Per Capita Income

Correct Answer : Net National Product

8 .

As per RBI guidelines the maximum amount of penalty that Public Sector Banks can levy for non maintenance of minimum balance in inoperative accounts of customers is

A)

500 per year

B)

100 per half year

C)

1100 per quarter

D)

Not to levy any penalty

Correct Answer : Not to levy any penalty

9 .

The term Banking is defined in which act ?

A)

Banking Regulation Act 1949

B)

Banking Regulation Act 1951

C)

Banking Regulation Act 1956

D)

Banking Regulation Act 1959

Correct Answer : Banking Regulation Act 1949

10 .

According to the 14th Finance Commission, the percentage share of State in the net proceeds of the shareable central tax revenue should be

A)

50%

B)

42%

C)

35%

D)

32%

Correct Answer : 42%