Business and Economics - General Knowledge Questions

1 .
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

2 .
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

3 .
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

4 .
Irrational decisions taken in a high conformity group is called
A)
Informality
B)
Creativity
C)
Group thinking
D)
Psychological vigilance

Correct Answer :   Informality

5 .
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

6 .
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

7 .
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

8 .
'Stress Index' is related to
A)
Nomadic Tribes
B)
Adolescent Girls
C)
Working women
D)
Farmers

Correct Answer :   Farmers

9 .
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 :   The state of technical knowledge is unchanged

10 .
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 :   Total Revenue = Total cost

Quick Links
Interview Questions
S/W Technology
Civil,   Mech
ECE,   EEE
More Technologies
MCQ (or) Quiz
S/W Technology
Civil,   Mech
ECE,   EEE
Aeronautical
Example Programs
C Language,   C++,   Java,   PHP,   Python
Articles
Marketing Management
Tech Updates
Tech Articles
Tools
Color Picker
Interest Calculator
EMI Calculator
Vehicle EMI Calculator
Compailers
HTML
C & CPP
PHP
Python