Business and Economics - General Knowledge Questions

1 .
Which of the following statements is correct about circular economy?
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 :   Reusing waste back into the production cycle to produce new products

2 .
Which of the following is issued by registered foreign portfolio investors to overseas investors who want to be part of the Indian stock market without registering themselves directly?
A)
Participatory Note
B)
Promissory Note
C)
Commercial Paper
D)
Certificate of Deposit

Correct Answer :   Participatory Note

3 .
Who is the fiscal agent and advisor to government in monetary and financial matters?
A)
NABARD
B)
SBI
C)
NITI Ayog
D)
RBI

Correct Answer :   RBI

4 .
Planning Commission of India was set up in the year
A)
1949
B)
1950
C)
1951
D)
1957

Correct Answer :   1950

5 .
What is meant by a Bullock Capitalist ?
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 :   Farmers who have some resources, but are not rich

6 .
The Apex bank for providing Agricultural Refinance in India is
A)
RBI
B)
NABARD
C)
LDB
D)
SBI

Correct Answer :   NABARD

7 .
The Small Industries Development Bank of India(SIDBI) is headquartered in
A)
Hyderabad, Telangana
B)
Ahmedabad, Gujarat
C)
Mumbai, Maharashtra
D)
Lucknow, Uttar Pradesh

Correct Answer :   Lucknow, Uttar Pradesh

8 .
A monopoly producer has
A)
Control over production but not price
B)
Control over production as well as price
C)
Control neither on production nor on price
D)
Control over production, price and consumers

Correct Answer :   Control over production as well as price

9 .
When a monopolist is in
A)
Long-run equilibrium, he will also be in short-run equilibrium
B)
Short-run equilibrium, he will also be in long-run equilibrium
C)
Long-run equilibrium, he mayor may not be in short-run equilibrium
D)
None of the above

Correct Answer :   Long-run equilibrium, he will also be in short-run equilibrium

10 .
In imperfect competition marginal revenue falls at __________ than the fall in average revenue.
A)
Same rate
B)
Half the rate
C)
Twice the rate
D)
None of the above

Correct Answer :   Twice the rate

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