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

1 .

In the perfect competition at short run, the firm is a price .......... and can sell......... amount of output at the going market price.

A)

Maker, Any

B)

Taker, any

C)

Taker, a definite

D)

None of the above

Correct Answer : Taker, any

2 .

The difference between monopoly equilibrium and competitive equilibrium is

A)

There is no difference at all

B)

Under perfect competition, the MC = MR whereas under monopolistic conditions this need not be the case

C)

The MC should rise at the point of equilibrium under perfect competition whereas under monopoly it can rise, fall or remain constant

D)

None of the above

Correct Answer : The MC should rise at the point of equilibrium under perfect competition whereas under monopoly it can rise, fall or remain constant

3 .

Angel tax is very specifically related to

A)

Start-ups

B)

Religious Trusts

C)

Non-Banking Finance Companies

D)

NGOs working for the welfare of Children

Correct Answer : Start-ups

4 .

The amount to be paid for a contract of insurance to the insurance company, that is the sum that a person pays monthly, quarterly or annually according to their plan, in return of the coverage he/ she has taken from the insurance company is known as

A)

Certain Loss

B)

Uncertain Loss

C)

Claim amount

D)

Premium

Correct Answer : Premium

5 .

A company selling the insurance policy is known as the

A)

Insurance Carrier

B)

The Life Insured

C)

Business Correspondent

D)

The Insurance Agent

Correct Answer : The Insurance Agent

6 .

Who among the following has given the idea of Self-Help Groups as an effective tool for poverty alleviation ?

A)

Amartya Sen

B)

Md. Yunus

C)

S. Chakravarti

D)

Venkaiah Naidu

Correct Answer : Md. Yunus

7 .

Irrational decisions taken in a high conformity group is called

A)

Informality

B)

Creativity

C)

Group thinking

D)

Psychological vigilance

Correct Answer : Informality

8 .

Which of the following financial products is available for investment online ?

A)

Post office saving products

B)

Senior citizen savings scheme

C)

Life Insurance Policy

D)

Treasury Bills

Correct Answer : Life Insurance Policy

9 .

PMI is a measure of the growth of different sectors of an economy. What is it ?

A)

Prime Measurement Index

B)

Purchasing Manager's Index

C)

Prime Mean Index

D)

Purchase Mean Index

Correct Answer : Purchasing Manager's Index

10 .

Which of the following best defines a floating-rate bond ?

A)

A bond with a fixed interest rate and has better yield than varying interest rate bond

B)

A bond with a fixed interest rate and has lower yield than varying interest rate bond

C)

A bond with varying interest rate and has better yield than fixed interest rate bond

D)

A bond with a varying interest rate and has lower yield than fixed interest rate bond

Correct Answer : A bond with a varying interest rate and has lower yield than fixed interest rate bond