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

1 .

Interest rate on Public Provident Fund is determined by the

A)

Reserve Bank of India

B)

Respective Commercial Banks

C)

Ministry of Finance

D)

Employees Provident Fund Organisation

Correct Answer : Ministry of Finance

2 .

What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?

A)

To act as independent regulator in case of applications for loans of Rs 50 crore or more

B)

To aim at faster resolution of stressed assets of Rs 50 crore or more which are under consortium lending

C)

To support the infrastructure projects of Central and State Governments

D)

To lessen the Government of India's perennial burden of fiscal deficit and current account deficit

Correct Answer : To aim at faster resolution of stressed assets of Rs 50 crore or more which are under consortium lending

3 .

RBI's 'Payment and Settlement Systems in India : Vision 2019- 2021' looks at

A)

'Cash-lite society

B)

Innovation and financial Inclusion

C)

Cyber security and consumer protection

D)

All of the above

Correct Answer : All of the above

4 .

The 9th annual BRICS Summit was held in

A)

Beijing

B)

Chongqing

C)

Tianjin

D)

Xiamen

Correct Answer : Xiamen

5 .

The Beige Book, an economic tracker, is used by the

A)

US Federal Reserve

B)

Bank of England

C)

Bank of Japan

D)

RBI

Correct Answer : US Federal Reserve

6 .

Who among the following can join the National Pension system (NPS)?

A)

All Central Government employees including those of Armed Forces joining the services on or after 1st April, 2004

B)

Persons of age from 21 to 55 only

C)

Resident Indian citizens only

D)

All State Government employees joining the services after the date of notification by the respective State Governments

Correct Answer : All State Government employees joining the services after the date of notification by the respective State Governments

7 .

The official currency of the Kingdom of Denmark is known as

A)

Danish Kuna

B)

Danish Krone

C)

Danish Korana

D)

Danish Krona

Correct Answer : Danish Krone

8 .

Taxes raised are credited into

A)

Consolidated Fund

B)

Contingency Fund

C)

Private Accounts

D)

Public Accounts

Correct Answer : Consolidated Fund

9 .

The Steel Scrap Recycling Policy, 2019 has been notified by the

A)

Ministry of MSMEs

B)

Department of Heavy Industries

C)

Ministry of Steel

D)

Ministry of Road Transport and National Highways

Correct Answer : Ministry of Steel

10 .

The purest form of the income of the nation is

A)

Net National Income

B)

Gross National Income

C)

Gross National Income

D)

Net National Product

Correct Answer : Net National Product