Business and Economics - General Knowledge Questions

1 .
Triffin Paradox is related to
A)
Commodities
B)
Currencies
C)
Bonds
D)
Equities

Correct Answer :   Currencies

2 .
In perfect competition in the long run there will be no
A)
Costs
B)
Production
C)
Supernormal profits
D)
Normal profit

Correct Answer :   Supernormal profits

3 .
Which subject is relevant to the study of consumer behaviour?
A)
Sociology
B)
Economics
C)
Psychology
D)
All of the above

Correct Answer :   All of the above

4 .
Which of the following is a pricing method?
A)
Seasonal
B)
Cost plus
C)
Promotional
D)
None of the above

Correct Answer :   Cost plus

5 .
Which of the following is not a determinant of demand?
A)
Elasticity of Demand
B)
Prices of related goods
C)
Income of the consumer
D)
Price of the product itself

Correct Answer :   Elasticity of Demand

6 .
Monopolistic competition has features of
A)
Monopoly but not competition
B)
Monopoly and competition with features of monopoly predominating
C)
Monopoly and competition, with features of competition predominating
D)
None of the above

Correct Answer :   Monopoly and competition, with features of competition predominating

7 .
Which of the following Ministries publishes the Economic Survey of India?
A)
Ministry of Home Affairs
B)
Ministry of Finance
C)
Ministry of External Affairs
D)
Ministry of Commerce and Industry

Correct Answer :   Ministry of Finance

8 .
........ digital bank is named after one of its founders.
A)
Goldman Sachs
B)
JPMorgan Chas
C)
YES Bank
D)
DBS

Correct Answer :   Goldman Sachs

9 .
ECOMARC symbol is related to
A)
Export goods
B)
Import goods
C)
Best quality goods
D)
Goods safe for environment

Correct Answer :   Goods safe for environment

10 .
Who was the chairman of the 15th Finance Commission?
A)
N. K. Singh
B)
Shashikant Das
C)
Ratan Watal
D)
Ratan Watal

Correct Answer :   N. K. Singh

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