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

1 .

To which of the following sectors of the economy, the activity of agriculture and services belong to ?

A)

Primary and Tertiary respectively

B)

Tertiary and Secondary respectively

C)

Secondary and Quaternary respectively

D)

Primary and Tertiary respectively

Correct Answer : Option (D) - Primary and Tertiary respectively

2 .

India's imports during April-December 2018-19 have been

A)

US $ 386.65 billion

B)

US $ 406.33 billion

C)

US $ 416.65 billion

D)

US $ 430.10 billion

Correct Answer : Option (A) - US $ 386.65 billion

3 .

The monetary measure of the volume of ods and services produced, within the boundaries of the state, during a given period of time, accounted without duplication is known as

A)

National Income

B)

Gross National Product

C)

Gross State Domestic Product

D)

Net State Product

Correct Answer : Option (C) - Gross State Domestic Product

4 .

In National Income (NI) accounts, Personal Income (PI) is defined as

A)

NI - undistributed profits - corporate tax + transfer payments to the households from the government and firms

B)

NI - undistributed profits - net interest payments made by households - corporate tax + transfer payments to the households from the government and firms

C)

Undistributed profits - net interest payments made by households + transfer payments to the households from the government and firms

D)

Undistributed profits - net interest payments made by households - corporate tax

Correct Answer : Option (B) - NI - undistributed profits - net interest payments made by households - corporate tax + transfer payments to the households from the government and firms

5 .

Which one of the following statements does not apply to the system of Subsidiary Alliance introduced by Lord Wellesley ?

A)

To maintain a large standing army at other's expense

B)

To keep India safe from Napoleonic danger

C)

To secure a fixed income for the Company

D)

To establish British paramountcy over the Indian States

Correct Answer : Option (C) - To secure a fixed income for the Company

6 .

Which of the following statements is/ are incorrect about World Bank's Ease of Doing Business Ranking 2019 ?

A)

A busines can be set up in a few hours in New Zealand

B)

Slovenia is the cheapest place to get a business up and running

C)

The US and South Korea were the only countries in the top 10 with a lower score in 2019 than last year

D)

China's rank in 2019 is in the gorup of 50-100 rank

Correct Answer : Option (D) - China's rank in 2019 is in the gorup of 50-100 rank

7 .

Which of the following money transfer modes has the lowest daily transfer limit ?

A)

Unified Payments Interface

B)

National Electronic Funds Transfer

C)

Immediate Payment Service

D)

Real Time Gross Settlement

Correct Answer : Option (A) - Unified Payments Interface

8 .

Per capita income of India at constant prices (Base year 2011-12) in 2017-18 is

A)

Rs. 86668

B)

Rs. 82229

C)

Rs. 77826

D)

Rs. 72805

Correct Answer : Option (A) - Rs. 86668

9 .

Which of the following statements is not valid in the case of an economy suffering from deflation ?

A)

Floating-rate savers are adversely affected

B)

Bonds enjoy a bull market

C)

Fixed rate borrowers are benefited

D)

Companies tend to spend less on new capital stock

Correct Answer : Option (C) - Fixed rate borrowers are benefited

10 .

Which one of the following countries has officially recognized Bitcoin as a legal payment method since Ist April, 2017 ?

A)

Japan

B)

China

C)

India

D)

USA

Correct Answer : Option (A) - Japan