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Business and Economics - General Knowledge Questions
A)
A luxury
B)
A necessity
C)
An inferior good
D)
A non-related good

Correct Answer : Option (A) - A luxury

A)
Double per capita income by 2016-17
B)
GDP growth rate to be increased to 10 percent
C)
Farm sector growth to be increased to 6 percent
D)
Literacy rate to be increased to 80%

Correct Answer : Option (C) - Farm sector growth to be increased to 6 percent

A)
domestic goods remain constant
B)
exports become cheaper to importers
C)
exports rise proportionately
D)
imports remain constant

Correct Answer : Option (B) - exports become cheaper to importers

A)
Circulation of national income through all segments of the economy
B)
Working of economy under zero base budgeting
C)
Reusing waste back into the production cycle to produce new products
D)
Giving high priority to informal sector

Correct Answer : Option (C) - Reusing waste back into the production cycle to produce new products

A)
Participatory Note
B)
Promissory Note
C)
Commercial Paper
D)
Certificate of Deposit

Correct Answer : Option (A) - Participatory Note

A)
NABARD
B)
SBI
C)
NITI Ayog
D)
RBI

Correct Answer : Option (D) - RBI

A)
1949
B)
1950
C)
1951
D)
1957

Correct Answer : Option (B) - 1950

A)
Farmers who are poor
B)
Farmers who are rich
C)
Farmers who have some resources, but are not rich
D)
Farmers who are big Zamindars

Correct Answer : Option (C) - Farmers who have some resources, but are not rich

A)
RBI
B)
NABARD
C)
LDB
D)
SBI

Correct Answer : Option (B) - NABARD

A)
Hyderabad, Telangana
B)
Ahmedabad, Gujarat
C)
Mumbai, Maharashtra
D)
Lucknow, Uttar Pradesh

Correct Answer : Option (D) - Lucknow, Uttar Pradesh