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

1 .

Supersonic Cruise Missile BrahMos is joint venture of which of the following ?

A)

India and Russia

B)

India and China

C)

India and Israel

D)

None of the above

Correct Answer : Option (A) - India and Russia

2 .

Which of the following items provide maximum revenue in the Revenue Receipts of Rajasthan budget in recent years ?

A)

Non-tax revenue

B)

Share in central taxes

C)

Union grant

D)

Stateâ€™s tax revenue

Correct Answer : Option (D) - Stateâ€™s tax revenue

3 .

The contribution of Agriculture in Indian economy is

A)

Increasing

B)

Decreasing

C)

Constant

D)

None of the above

Correct Answer : Option (B) - Decreasing

4 .

When RBI announced on increase in Cash Reserve Ratio (CRR) then what does it mean ?

A)

The commercial bank will have less money to lend

B)

The RBI will have less money to lend

C)

The Union Government will have less money to lend

D)

All of the above

Correct Answer : Option (A) - The commercial bank will have less money to lend

5 .

........ is defined as the output per unit of variable input.

A)

Marginal product

B)

Production function

C)

Average product

D)

Total product

Correct Answer : Option (C) - Average product

6 .

If a firm is financed with both debt and equity, the firm's equity is known as

A)

Unleveraged equity

B)

Preferred equity

C)

Private equity

D)

Levered equity

Correct Answer : Option (D) - Levered equity

7 .

As per RBI norms, Commercial Paper should be issued in the form of a/ an

A)

Guarantee

B)

Promissory Note

C)

Bill of Exchange

D)

None of the above

Correct Answer : Option (B) - Promissory Note

8 .

'Subprime lending' is a term applied to the loans made to

A)

Those borrowers who do not have a good credit history

B)

Those borrowers who do not have a good debit history

C)

Those borrowers who have a good credit history

D)

Those borrowers who are employees

Correct Answer : Option (A) - Those borrowers who do not have a good credit history

9 .

'Saving energy and other resources for the future without sacrificing people's comfort in the present' is the definition of which of the following concepts ?

A)

Economic growth

B)

Economic development

C)

Sustainable development

D)

Human development

Correct Answer : Option (C) - Sustainable development

10 .

Which one of the following is not the method of quantitative credit control ?

A)

Bank rate

B)

Variable Reserve ratio

C)

Open market operation

D)

Rationing of credit

Correct Answer : Option (D) - Rationing of credit