Business and Economics - General Knowledge Questions

A)
Demand Forecasting
B)
Demand Differentials
C)
Demand Determinations
D)
All of the above

Correct Answer :   All of the above

A)
Monopoly
B)
Oligopoly
C)
Perfect competition
D)
Monopolistic competition

Correct Answer :   Perfect competition

A)
zero
B)
zero
C)
infinity
D)
none

Correct Answer :   zero

A)
Bilateral Monopoly
B)
Monopsony
C)
Monopoly
D)
None of the above

Correct Answer :   Bilateral Monopoly

A)
Rajiv Gandhi
B)
P. V. Narshimha Rao
C)
Atal Bihari Vajpayee
D)
Manmohan Singh

Correct Answer :   P. V. Narshimha Rao

Era of LPG (Liberalisation, Privatisation and Globalisation) was started in India in 1992, during the Prime Minister ship of P.V. Narsimha Rao. Dr. Manmohan Singh was the Finance Minister at that time.

A)
Large number of people remain unemployed
B)
Alternative employment is not available
C)
Marginal productivity of labour is zero
D)
Productivity of workers is low

Correct Answer :   Marginal productivity of labour is zero

Disguised unemployment, means that more people are engaged in a job which can be done with less people, normally seen in agriculture where whole family is involved.

A)
Asian Development Bank
B)
International Monetary Fund
C)
World Trade Organization
D)
World Bank

Correct Answer :   International Monetary Fund

The International Monetary Fund issues paper currency or SDR (Special Drawing Right) to member countries.

A)
Private Income - Saving of Private Corporate Sectors - Corporation Tax
B)
Total expenditure of Households - Income Tax - Gifts received
C)
Private Income - Taxes
D)
Personal Income - Direct taxes paid by households and miscellaneous fees, fines, etc.

Correct Answer :   Personal Income - Direct taxes paid by households and miscellaneous fees, fines, etc.

A)
Create employment through public investment even in unproductive activities during depression in the economy
B)
Control inflation through fiscal measures
C)
Create infrastructure in urban areas
D)
Encourage private entrepreneurs to invest in core sectors

Correct Answer :   Create employment through public investment even in unproductive activities during depression in the economy

A)
Morris D. Morris
B)
UNDP
C)
Mehbub-ul-Haq
D)
None of the above

Correct Answer :   Morris D. Morris