Business and Economics - General Knowledge Questions

1 .

All the following curves are U-shaped except

A)

AC curve

B)

MC curve

C)

AFC curve

D)

AFC curve

Correct Answer : AFC curve

2 .

What is the nature of Elasticity of demand for luxury items like high class furniture

A)

zero elastic

B)

unit elastic

C)

fairly elastic

D)

highly elastic

Correct Answer : highly elastic

3 .

The share of the concerned State Government in the capital of Regional Rural Banks is

A)

5%

B)

15%

C)

30%

D)

50%

Correct Answer : 15%

4 .

Which one of the following was the main objective of 12th Five Year Plan?

A)

Inclusive growth

B)

Increase in per capita GDP

C)

Self-reliant and self-gene-rated economy

D)

Poverty eradication and achievement of self-reliance

Correct Answer : Inclusive growth

5 .

The main reason for the high growth of money supply in India since 1990 is

A)

Foreign borrowing

B)

RBI credit to the government

C)

Budgetary expenditure

D)

Taxation

Correct Answer : Foreign borrowing

6 .

Which one is the apex institution in the sphere of agricultural financing in India?

A)

Corporation Bank

B)

Cooperative Bank

C)

Regional Rural Banks

D)

NABARD

Correct Answer : NABARD

7 .

Which of following is India's oldest and most successful initiative of Digital India Programme?

A)

Digilocker

B)

UMANG

C)

Direct Benefit Transfer

D)

Pradhan Mantri Gramin Digital Saksharta Mission

Correct Answer : Direct Benefit Transfer

8 .

The value of the slope of a normal demand curve is

A)

zero

B)

infinity

C)

positive

D)

negative

Correct Answer : negative

9 .

A substantial increase in capital expenditure or revenue deficit leads to

A)

Budgetary Deficit

B)

Fiscal Deficit

C)

Primary Deficit

D)

Revenue Deficit

Correct Answer : Fiscal Deficit

10 .

Which of the following Cooperative Societies of India is responsible for the production of fertilizers?

A)

NAFED

B)

IFFCO

C)

NCDC

D)

TRIFED

Correct Answer : IFFCO

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