Business and Economics - General Knowledge Questions

1 .
In which country the concept of Public Interest Litigation was orginated ?
A)
United Kingdom
B)
Australia
C)
United States of America
D)
Canada

Correct Answer :   United States of America

2 .
Why companies go for business process re-engineering with the help of technology ?
A)
The ace of change has acelerated with the liberalisation of economies world over
B)
Customers’ demand and expectations are continuously increasing
C)
IT being leveraged to provide competitive edge in products and services at lower costs
D)
All of these

Correct Answer :   All of these

3 .
In which of the following countries zero based budgeting was first adopted ?
A)
France
B)
USA
C)
India
D)
Germany

Correct Answer :   USA

4 .
From which year farmers are given agricultural loan on zero interest in Chhattisgarh State ?
A)
2014-15
B)
2013-14
C)
2012-13
D)
2011-12

Correct Answer :   2014-15

5 .
What was the designation of the Chief Revenue Officer during Kalchuri period in Chhattisgarh ?
A)
Revenue Secretary
B)
Akshpatalik
C)
Mahabaladhikrit
D)
Mahapramat

Correct Answer :   Mahapramat

6 .
Commodity Exchanges in India are now regulated by
A)
Forward Market Commission (FMC)
B)
Competition Commission of India (FMC)
C)
Securities and Exchange Board of India (SEBI)
D)
Reserve Bank of India (RBI)

Correct Answer :   Securities and Exchange Board of India (SEBI)

7 .
Increase in absolute and per capita real GNP do not connote a higher level of economic development, if
A)
poverty and unemployment increase
B)
agricultural output fails to keep pace with industrial output
C)
industrial output fails to keep pace with agricultural out put
D)
imports grow faster than exports

Correct Answer :   poverty and unemployment increase

8 .
Which one of the following is the rate at which RBI lends money to commercial banks in the event of any shortfall of funds ?
A)
Bank rate
B)
Repo rate
C)
Reverse repo rate
D)
Benchmark prime lending rate

Correct Answer :   Repo rate

9 .
With increasing discount rate, the NPV of a project
A)
decreases at a steady rate
B)
decreases at a decreasing rate
C)
decreases at an increasing rate
D)
neither increases nor decreases

Correct Answer :   decreases at an increasing rate

10 .
The German Multinational conglomerate 'Thyssenkrupp' has recently (July 2018) signed a definitive agreement to combine their European Steel business with........
A)
Essar Steel Limited
B)
Arcelor Mittal SA
C)
JSW Steel Limited
D)
Tata Steel Limited

Correct Answer :   Tata Steel Limited

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