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

1 .

In case of contraction or extension in demand, the movement is along a demand curve whereas in case of increase or decrease, the demand curve will move

A)

upward

B)

downward

C)

Any of these

D)

None of the above

Correct Answer : Any of these

2 .

A market situation in which there are only few sellers & each seller can influence its price-output policy is called

A)

Duopoly

B)

Oligopoly

C)

Monopoly

D)

Monopolistic

Correct Answer : Oligopoly

3 .

The monopolist faces

A)

A downward sloping demand curve

B)

A downward sloping average revenue curve

C)

Both (a) and (b)

D)

None of the above

Correct Answer : Both (a) and (b)

4 .

Which of the following refers to perfect competition

A)

There are no restrictions on movement of goods

B)

There are no restrictions on factors of production

C)

Both (a) and (b)

D)

There are restrictions on buyers and sellers

Correct Answer : Both (a) and (b)

5 .

Duopoly means

A)

Two firms are independent as regards their price-output decisions

B)

Two firms are interdependent as regards their price-output decisions

C)

Two monopoly firms

D)

None of the above

Correct Answer : Two firms are interdependent as regards their price-output decisions

6 .

Bilateral monopoly means

A)

Two rival buyers only

B)

Two rival sellers only

C)

A monopolist facing a monopsonist

D)

A monopoly seller buying his input from many suppliers

Correct Answer : A monopolist facing a monopsonist

7 .

Devaluation of 'Mudra'

A)

increases the imports and exports of a country

B)

decreases the imports and exports of a country

C)

increases the exports and decreases the imports of a country

D)

increases the imports and decreases the exports of a country

Correct Answer : increases the imports and decreases the exports of a country

8 .

As per the guidelines issued by the Reserve Banks of India classify as Non-Performing Asset (NPA) only if the interest due and during any quarter is not serviced full within

A)

90 days from the end of the quarter

B)

60 days from the end of the quarter

C)

60 days from the beginning of the quarter

D)

30 days from the end of the quarter

Correct Answer : 90 days from the end of the quarter

9 .

Which Indian State has been declared as the first 'Digital State' of India?

A)

Goa

B)

Maharashtra

C)

Kerala

D)

Karnataka

Correct Answer : Kerala

10 .

IPPBL has received the Certificate of Incorporation from the Registrar of Companies and has become the first PSU under the Department of post. What is the full from of IPPBL ?

A)

India post paying Bank Limited

B)

India post payments Bank Limited

C)

India post-Office payments Limited

D)

International post payments Bank Limited

Correct Answer : India post payments Bank Limited