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

1 .

Which one of the following is not a sub-index of the World Bank's Ease of Doing Business Index?

A)

Maintenance of law and order

B)

Paying taxes

C)

Registering property

D)

Dealing with construction permits

Correct Answer : Maintenance of law and order

2 .

Which of the following is not an instrument of money market?

A)

Certificate of deposits

B)

Commercial paper

C)

National Saving Certificate

D)

Treasury Bills

Correct Answer : National Saving Certificate

3 .

Improvement of profit volume ratio can be done by the following

A)

Increasing selling price

B)

Altering sales mixture

C)

Reducing Variable cost

D)

All of the above

Correct Answer : All of the above

4 .

Base year for the estimation of national income is

A)

2010-11

B)

2011-12

C)

2012-13

D)

2013-14

Correct Answer : 2011-12

5 .

According to Reserve Bank of India guidelines, the deadline for Indian Banks to meet capital requirements under the Basel III norms is

A)

31st March, 2018

B)

31st March, 2019

C)

31st March, 2020

D)

31st March, 2021

Correct Answer : 31st March, 2019

6 .

Group Insurance is a plan of insurance which covers a similar or homogeneous group of individual under a single policy called the

A)

Master Policy

B)

Commercial policy

C)

Mutual Insurance Policy

D)

None of those given as options

Correct Answer : Master Policy

7 .

Surge pricing takes place when a service provider

A)

fixes an average price on the basis of transactions carried over a day

B)

fixes a minimum price for its service

C)

raises the price of its product or service as demand outstrips supply

D)

follows preset prices immune to demand and supply dynamics

Correct Answer : raises the price of its product or service as demand outstrips supply

8 .

When was the State Bank of India established?

A)

1954

B)

1955

C)

1956

D)

1957

Correct Answer : 1955

9 .

An indifference curve slopes down towards right since more of one commodity and less of another result in

A)

Decreasing expenditure

B)

Same satisfaction

C)

Maximum satisfaction

D)

Greater satisfaction

Correct Answer : Same satisfaction

10 .

'Kinked' demand curve is related with

A)

Discriminating monopoly

B)

Perfect competition

C)

Monopoly

D)

Oligopoly

Correct Answer : Discriminating monopoly