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

1 .

Which types of industries have potentials and prospects in Bihar ?

A)

Oil refinery

B)

Forest-based industry

C)

Sand-mining industry

D)

Agro-based industry

Correct Answer : Option (D) - Agro-based industry

2 .

The biggest advantage of regular interaction between officers and sub-ordinates in an organisation is

A)

It satisfies the sub-ordinates

B)

It results in decrement group relations

C)

It facilitates effective decision making

D)

It discourages the sub-ordinates

Correct Answer : Option (C) - It facilitates effective decision making

3 .

The measurement of poverty line in India is based on the criteria of

A)

Dwelling houses

B)

Nature of employment

C)

Level of education

D)

Calorie consumption

Correct Answer : Option (D) - Calorie consumption

4 .

Which of the following institutions introduced the concept of reverse mortgage loans ?

A)

NHB

B)

RBI

C)

SBI

D)

None of the above

Correct Answer : Option (A) - NHB

5 .

The main target group for SIP Schemes are

A)

All HNIs

B)

All NRIs

C)

All Salaried persons

D)

All agriculturists

Correct Answer : Option (C) - All Salaried persons

6 .

Dynamic Daily Pricing model has been adopted in the pricing of

A)

Dairy products at Mother Dairy outlets

B)

Petroleum Products mainly petrol and diesel

C)

Consumer non durables in Big Bazar

D)

None of the above

Correct Answer : Option (B) - Petroleum Products mainly petrol and diesel

7 .

Monopoly equilibrium can be reached when

A)

Marginal cost is rising

B)

Marginal cost is falling

C)

Marginal cost is remaining constant

D)

All of the above

Correct Answer : Option (D) - All of the above

8 .

The size of a monopolist's plant and the degree of utilisation of any given plant size, depend entirely on the

A)

Factor price

B)

Market Supply

C)

Market demand

D)

Price of the good

Correct Answer : Option (C) - Market demand

9 .

The value of Ïƒ for Cobb-Douglas production function is

A)

-1

B)

0

C)

1

D)

âˆž

Correct Answer : Option (C) - 1

10 .

In perfect competition, there is a process of

A)

Semi-free exit but absolute free entry

B)

Free entry and free exit of the firms

C)

Restricted entry and exit of the firms

D)

Free entry but restricted exit of the firms

Correct Answer : Option (B) - Free entry and free exit of the firms