Business and Economics - General Knowledge Questions

1 .

A general or life insurance policy with a sum assured of Rs. Fifty Thousand or less is known as a

A)

Plain Insurance policy

B)

Micro Insurance policy

C)

Basic Insurance policy

D)

Basic Insurance policy

Correct Answer : Micro Insurance policy

2 .

Domestic Systematically Important Banks (D-SIBs) is announced with the term

A)

Too big to fail

B)

Too big to fall

C)

Too big to pass

D)

Too big to stop working

Correct Answer : Too big to fail

3 .

Which of the following banks never suffered loss in any quarter since the late 1950s ?

A)

Bradseco (Brazil)

B)

Wells Fargo (US)

C)

Santander (Spain)

D)

Banco Popolare (Italy)

Correct Answer : Santander (Spain)

4 .

Which of the following characteristics is most important for taking appropriate decisions for socially disadvantaged persons ?

A)

Extroversion

B)

Authoritarianism

C)

Emotional instability

D)

Empathy

Correct Answer : Empathy

5 .

Which International Organisation helps in prevention of money laundering ?

A)

FATF

B)

IMF

C)

World Bank

D)

All of the above

Correct Answer : FATF

6 .

Which one of the following is the maximum age of joining National Pension System (NPS) under the NPS-Private Sector?

A)

55 years

B)

60 years

C)

65 years

D)

70 years

Correct Answer : 65 years

7 .

Bharat QR Code is related to which sector of Indian economy?

A)

Banking Sector

B)

Hospitality Sector

C)

Quality Control

D)

Education Sector

Correct Answer : Banking Sector

8 .

The equilibrium level of output for the pure monopolist is where

A)

P < AC

B)

MR = MC

C)

MR < MC

D)

MR > MC

Correct Answer : MR = MC

9 .

A monopoly producer usually earns

A)

Only normal profits

B)

Abnormal profits

C)

Neither profits nor losses

D)

Profits and losses which are uncertain

Correct Answer : Abnormal profits

10 .

Under monopoly and imperfect competition, MC is

A)

Less than the price

B)

More than the price

C)

Equal to the price

D)

Any of the above

Correct Answer : Less than the price

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