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

1 .

With which financial sector are these terms associated : "Free look period, rider, third party administrator, surrender value."

A)

Insurance

B)

Banking

C)

Capital markets

D)

Mutual funds

Correct Answer : Insurance

2 .

RuPay payment system is considered to be a cheaper alternative to which of the following systems ?

A)

Visa

B)

Master card

C)

American Express

D)

All of the above

Correct Answer : All of the above

3 .

Which one of the following statements about Exchange-Traded Fund (ETF) is not correct ?

A)

It is a marketable security

B)

It experiences price changes throughout the day

C)

It typically has lower daily liquidity and higher fees than mutual fund shares

D)

As ETF does not have its net asset value calculated once at the end of every day

Correct Answer : It typically has lower daily liquidity and higher fees than mutual fund shares

4 .

Which of the following initiatives is an effort of Income Tax department to directly communicate with the tax payers?

A)

SWAYAM

B)

AAYKAR SETU

C)

SUGAM VARTA

D)

SWAYAM PRABHA

Correct Answer : AAYKAR SETU

5 .

Which of the following is the world's first country to introduce Gafa Tax?

A)

USA

B)

Australia

C)

France

D)

Canada

Correct Answer : France

6 .

Bloomberg's Misery Index is calculated as the sum of country's

A)

Inflation Rate and Unemployment Rate

B)

Inflation Rate and Savings Rate

C)

Unemployment Rate and Labour Force Participation Rate

D)

Unemployment rate and inverse of Investment rate

Correct Answer : Inflation Rate and Unemployment Rate

7 .

The 'International Fertiliser Industry Association (IFIA) having about 500 members, worldwide including 68 countries is based in

A)

Strasbourg, France

B)

Washington DC, USA

C)

Geneva, Switzerland

D)

Paris, France

Correct Answer : Paris, France

8 .

The form of insurance which insures against financial loss from defects in title to real property and from the invalidity or unenforceable of mortgage loans is known as

A)

Credit insurance

B)

Title insurance

C)

Property insurance

D)

Mortgage-cover

Correct Answer : Title insurance

9 .

According to the latest statistics released by WTO, which rank India has acquired in exports of commercial Services?

A)

Fifth

B)

Seventh

C)

Eleventh

D)

Thirteenth

Correct Answer : Eleventh

10 .

The Indian Rupee was made fully convertible on current account in

A)

1994

B)

1995

C)

1996

D)

1997

Correct Answer : 1994