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

1 .

'Stress Index' is related to

A)

Nomadic Tribes

B)

Adolescent Girls

C)

Working women

D)

Farmers

Correct Answer : Option (D) - Farmers

2 .

The Law of Diminishing Returns depends on the assumption that

A)

Total output is constant

B)

Land is the factor kept constant

C)

The state of technical knowledge is unchanged

D)

Average output declines faster than marginal output

Correct Answer : Option (C) - The state of technical knowledge is unchanged

3 .

Break-even point for a firm occurs where its

A)

Total Revenue = Total cost

B)

Total Revenue < Total cost

C)

Total Revenue > Total cost

D)

None of the above

Correct Answer : Option (A) - Total Revenue = Total cost

4 .

Given that cost conditions are same, in monopolistic competition price is ...... and output is ........ as compared to perfect competition.

A)

Same, lower

B)

Higher, lower

C)

Lower, higher

D)

Higher, same

Correct Answer : Option (B) - Higher, lower

5 .

In short run, the law of variable proportions is also known as the

A)

Law of return to scale

B)

Law of constant returns

C)

Law of increasing returns

D)

Law of diminishing returns

Correct Answer : Option (D) - Law of diminishing returns

6 .

Which of the following is true at equilibrium in monopolistic competition?

A)

Average revenue is greater than marginal revenue

B)

Price is greater than marginal cost

C)

Both (a) and (b)

D)

Average revenue is equal to marginal revenue

Correct Answer : Option (C) - Both (a) and (b)

7 .

In India, liquid funds are regulated by

A)

Reserve Bank of India

B)

Association of Mutual Funds of India

C)

Securities and Exchange Board of India

D)

National Stock Exchange of India and Bombay Stock Exchange

Correct Answer : Option (C) - Securities and Exchange Board of India

8 .

Which of the following is a symbol or a design or a combination that identifies the marker of a product or service ?

A)

Company Name

B)

Brand

C)

Sponsorship

D)

Correct Answer : Option (B) - Brand

9 .

Which of the following is a mode of creating charge on immovable property?

A)

Mortgage

B)

Nomination

C)

Assignment

D)

Hypothecation

Correct Answer : Option (A) - Mortgage

10 .

Rupee denominated bonds issues by Indian companies in order to raise funds offshore are called

A)

Masala Bonds

B)

Callable Bonds

C)

Global development

D)

Convertible Bonds

Correct Answer : Option (A) - Masala Bonds