Latest Business and Economics General Knowledge(GK) Questions and answers

Business and Economics - General Knowledge Questions

1 .

In a monopoly market, an upward shift in the market demand results in a new equilibrium with

A)

A higher quantity and lower price

B)

A higher quantity and higher price

C)

A higher quantity and the same price

D)

All of the above

Correct Answer : All of the above

2 .

For maximisation of profit in the short run, the condition is

A)

AR = AC

B)

MC = AC

C)

MR = AR

D)

MR = MC

Correct Answer : MR = MC

3 .

Shifts in demand curve include

A)

Extention in demand

B)

Increase in Demand (Upward shift)

C)

Contraction in demand

D)

None of the above

Correct Answer : Increase in Demand (Upward shift)

4 .

The upper portion of the kinked demand curve is relatively

A)

Inelastic

B)

Less elastic

C)

More elastic

D)

More inelastic

Correct Answer : More elastic

5 .

Which of the following is fully digital and paperless bank in 2021 India?

A)

ICICI Bank

B)

HDFC Bank

C)

YES Bank

D)

Airtel payments Bank

Correct Answer : Airtel payments Bank

6 .

The idea of Good Governance was stressed in World Bank Report of

A)

1992

B)

1996

C)

1998

D)

2000

Correct Answer : 1992

7 .

Which institute estimates National Income of India?

A)

ISI

B)

CSO

C)

NABARD

D)

RBI

Correct Answer : CSO

8 .

The 14th Finance Commission recommended, among other things, to raise the share of states in the net proceeds of divisible pool of central tax to :

A)

29.5%

B)

32%

C)

38%

D)

42%

Correct Answer : 42%

9 .

.......is the largest creditor nation in the world.

A)

Japan

B)

China

C)

Germany

D)

Saudi Arab

Correct Answer : Japan

10 .

In Germany, the term 'Black Zero' is referred to as

A)

Loss making Start-Ups

B)

Profitable zero-debt companies

C)

Balanced Budget

D)

Tainted Companies

Correct Answer : Balanced Budget