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

1 .

Dabhol Power Project had been restarted on November 1, 2006 after a gap of about

A)

Four month

B)

Six month

C)

One year

D)

Two Years

Correct Answer : Four month

2 .

'De minimis' level is the minimal amount of trade-distorting subsidy under WTO arrangement. It has been classified under

A)

Ambar Box

B)

Green Box

C)

White Box

D)

Blue Box

Correct Answer : Ambar Box

3 .

Net export equals to

A)

Export x Imports

B)

Export + Imports

C)

Export - Imports

D)

Exports of services only

Correct Answer : Export - Imports

4 .

Which of the following is regarded as a better measurement of economic development?

A)

National Disposable Income

B)

Per Capita Income

C)

National Income

D)

Private Disposable Income

Correct Answer : Per Capita Income

5 .

Which of the following is not a money market instrument ?

A)

Certificates of Deposit

B)

Commercial Bills

C)

Bills of exchange

D)

Trade Bill

Correct Answer : Trade Bill

6 .

Mixed Economy refers to

A)

Coexistence of public and private sector

B)

Coexistence of domestic and foreign enterprises

C)

Coexistence of small and large industries

D)

Coexistence of agriculture and industry

Correct Answer : Coexistence of public and private sector

7 .

The Microfinance institutions (MFI) registered as Non-Banking Finace Companies (NBFC) are presently regulated by

A)

NABARB

B)

SEBI

C)

Reserve Bank of India

D)

SIDBI

Correct Answer : Reserve Bank of India

8 .

Under perfect market and in case of decreasing marginal cost the firm's equilibrium with respect to level of production

A)

Can be achieved after a high level of output

B)

Cannot be achieved

C)

Will result in run-away inflation

D)

Can be achieved after a small level of output

Correct Answer : Cannot be achieved

9 .

A monopolist charging high price operates on

A)

The constant elastic part of a demand curve

B)

Ignores elasticity of demand altogether

C)

The elastic part of a demand curve

D)

The inelastic part of a demand curve

Correct Answer : The inelastic part of a demand curve

10 .

A perfectly competitive firm will always expand output as long as

A)

Rising marginal cost is less than price

B)

Rising marginal cost is less than the average cost

C)

Rising marginal cost is less than the marginal revenue

D)

None of the above

Correct Answer : None of the above