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

Business and Economics - General Knowledge Questions

1 .

Ru Pay has been launched by

A)

State Bank of India

B)

NABARD

C)

National Payments Corporation of India Limited

D)

National Securities Depository Limited

Correct Answer : National Payments Corporation of India Limited

2 .

Angle Tax is applicable to

A)

Listed companies

B)

Unlisted companies

C)

Mutual funds of foreign origin

D)

Foreign institutional investors

Correct Answer : Unlisted companies

3 .

Equity-linked Savings Scheme (ELSS) are open-ended diversified equity schemes offered by

A)

Stock exchanges

B)

Commercial Banks

C)

Primary Dealers

D)

Mutual Funds

Correct Answer : Mutual Funds

4 .

The 'NAFTA' is an agreement signed by various countries creating a trilateral trade bloc. What does 'N' stand for in 'NAFTA' ?

A)

National

B)

North

C)

Normal

D)

Negotiable

Correct Answer : North

5 .

The Prevention of Money Laundering Act came into force in India during

A)

1998

B)

1999

C)

2001

D)

2005

Correct Answer : 2005

6 .

The Reserve repo operations of the RBI are meant to

A)

Absorb the liquidity of the system

B)

Infuse funds in the consumer market

C)

Inject liquidity in the system

D)

Inject olatility in the foreign exchange market

Correct Answer : Inject liquidity in the system

7 .

The imposition of a ceiling on a monopolist's price will affect his

A)

Equilibrium output and profits

B)

Average revenue in the short-run only

C)

Equilibrium output only

D)

Profits only

Correct Answer : Equilibrium output and profits

8 .

The Law of equi-marginal utility tells that if price of commodity falls

A)

Same units of it will be bought

B)

Less units of it will be marginal bought

C)

More units of it will be bought

D)

Nothing of it will be bought

Correct Answer : More units of it will be bought

9 .

In monopoly, the relationship between average revenue and marginal revenue curves is as follows

A)

Average revenue curve lies above the MR-curve

B)

Average revenue curve lies above the MR-curve

C)

AR curve coincides with the MR-curve

D)

Average revenue curve lies above the MR-curve

Correct Answer : Average revenue curve lies above the MR-curve

10 .

Marginal cost is less than the average cost when average cost falls with

A)

A decrease in output

B)

An increase in output

C)

Constant output

D)

None of the above

Correct Answer : An increase in output