Business and Economics - General Knowledge Questions

1 .
Regional Comprehensive Economic Partnership (RCEP) is a proposed pact between ASEAN and
A)
China, Japan and South Korea
B)
Australia, New Zealand and India
C)
Both (A) and (B)
D)
None of the above

Correct Answer :   Both (A) and (B)

2 .
Farmers' Clubs have been promoted by
A)
Regional Rural Banks
B)
Indian Council of Agricultural Research
C)
Ministry of Agriculture, Farmers' Welfare and Cooperation
D)
National Bank for Agriculture and Rural Development

Correct Answer :   National Bank for Agriculture and Rural Development

3 .
Agriculture employs upto what per cent of the Indian Population?
A)
60
B)
70
C)
80
D)
90

Correct Answer :   70

4 .
Poyais is a fictional
A)
Company
B)
Currency
C)
Country
D)
Stock Exchange

Correct Answer :   Country

5 .
When demand curve is rectangular hyper-bola the elasticity of demand will be
A)
Unit elastic
B)
Highly elastic
C)
Perfectly elastic
D)
Perfectly inelastic

Correct Answer :   Unit elastic

6 .
The principle which states that an input must be so allocated between various uses that the value added by the last unit of input is the same in all its use is called
A)
Equal marginal principle
B)
Incremental principle
C)
Discounting principle
D)
Marginal principle

Correct Answer :   Equal marginal principle

7 .
Which of the following is a type of price discount?
A)
Cash
B)
Trade
C)
Quantity
D)
All of the above

Correct Answer :   All of the above

8 .
A consumer consuming two goods will be in equilibrium, when the marginal utilities from both goods are
A)
zero
B)
Equal
C)
Minimum possible positive
D)
Maximum possible positive

Correct Answer :   Equal

9 .
The National Automated Clearing House (NACH) is operated by
A)
SEBI
B)
SBI
C)
NPCI
D)
BSE

Correct Answer :   NPCI

10 .
Which one of the following sectors has attracted the highest foreign direct investment inflows into India during last one decade?
A)
Chemicals other than Fertilizers
B)
Service Sector
C)
Food Processing
D)
Telecommunications

Correct Answer :   Telecommunications

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