Business and Economics - General Knowledge Questions

1 .

Which of the following is a direct tax?

A)

Custom Duty

B)

Excise Duty

C)

Corporation Tax

D)

Service Tax

Correct Answer : Corporation Tax

2 .

In the United State of America, the 144A Market refers to a market for

A)

Qualified Institutional Buyers (QIBs)

B)

Domestic Retail Investors

C)

Overseas retail investors

D)

Inter-corporate debt placements

Correct Answer : Qualified Institutional Buyers (QIBs)

3 .

Which of the following is not the method of forecasting demand

A)

Total outlay method

B)

Expert option method

C)

Collective opinion method

D)

Controlled opinion method

Correct Answer : Total outlay method

4 .

The nature of Cross-price elasticity of demand in case of complementary product will be

A)

Zero

B)

Positive

C)

Negative

D)

None of the above

Correct Answer : Positive

5 .

The Cobb Douglas production function Q = 4 K0.6L 0.3 Exhibit.

A)

Decreasing returns to scale

B)

Increasing returns to scale

C)

Constant returns to scale

D)

None of the above

Correct Answer : Decreasing returns to scale

6 .

The price which a consumer would be willing to pay for a commodity equals to his

A)

Average utility

B)

Marginal utility

C)

Total utility

D)

Does not have any relation to anyone of these

Correct Answer : Does not have any relation to anyone of these

7 .

'Kinked Demand curve approach' is concerned with

A)

dual Pricing

B)

price rigidity

C)

price flexibility

D)

price discrimination

Correct Answer : price flexibility

8 .

Which of the following is/are credit rating agency/agencies in India?

A)

CRISIL

B)

CARE

C)

ICRA

D)

All of the above

Correct Answer : All of the above

9 .

What is the approx share of Agriculture in Gross Domestic Product (GDP) in India?

A)

10%

B)

14%

C)

25%

D)

30%

Correct Answer : 14%

10 .

Which of the following commodities has highest export from India in 2017?

A)

Agriculture and allied products

B)

Chemicals

C)

Engineering goods

D)

Textiles

Correct Answer : Engineering goods

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