Business and Economics - General Knowledge Questions

1 .
The concept of supply curve as used in economic theory is relevant only for the case of
A)
Oligopoly
B)
Monopoly
C)
Monopolistic competition
D)
Perfect or pure competition

Correct Answer :   Perfect or pure competition

2 .
A monopolist will fix the equilibrium output of his product where the elasticity of his AR curve is
A)
Zero
B)
Less than one but more than zero
C)
Greater than or equal to one
D)
Equal to or less than one

Correct Answer :   Less than one but more than zero

3 .
The FRBM Act prescribes that the Debt to GDP ratio of the Government of India should be brought down to 40% by
A)
2020-21
B)
2021-22
C)
2022-23
D)
2024-25

Correct Answer :   2024-25

4 .
Which of the following schemes has a close relationship with the income declaration?
A)
Gold Bond Scheme
B)
Mudra yojana
C)
India Millennium Bonds
D)
Pradhan Mantri Gareeb Kalyan yojana

Correct Answer :   Pradhan Mantri Gareeb Kalyan yojana

5 .
An act by which the policy holders authorizes another person to receive the policy money is known as
A)
Nomination
B)
Assignment
C)
Negotiation
D)
Hypothecation

Correct Answer :   Nomination

6 .
The mint ratio refers to the amount of ....... to buy an ounce of
A)
Platinum, Gold
B)
Gold, Platinum
C)
Silver, Gold
D)
Gold, Silver

Correct Answer :   Silver, Gold

7 .
Which is not a part of communication process ?
A)
Medium
B)
Transmission
C)
Life values and vision
D)
Information

Correct Answer :   Life values and vision

8 .
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

9 .
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

10 .
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

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