Business and Economics - General Knowledge Questions

1 .
The 9th annual BRICS Summit was held in
A)
Beijing
B)
Chongqing
C)
Tianjin
D)
Xiamen

Correct Answer :   Xiamen

2 .
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

3 .
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

4 .
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

5 .
Taxes raised are credited into
A)
Consolidated Fund
B)
Contingency Fund
C)
Private Accounts
D)
Public Accounts

Correct Answer :   Consolidated Fund

6 .
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

7 .
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

8 .
Which of the following is not a non-cash expenditure for a company?
A)
Goodwill impairment
B)
Expenditure on advertising
C)
Amortisation
D)
Depreciation

Correct Answer :   Expenditure on advertising

9 .
Which of the following is not the feature of monopolistic competition.
A)
Product homogeneity
B)
Fairly large number of firms
C)
Independent price-output policy
D)
Co-existence of efficient and inefficient firms

Correct Answer :   Product homogeneity

10 .
When marginal utility is negative then total utility
A)
is zero
B)
increase
C)
decrease
D)
is negative

Correct Answer :   decrease

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