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

1 .

How many sellers are present in duopoly?

A)

1

B)

2

C)

3

D)

No Limit

Correct Answer : 2

2 .

Cross elasticity of demand between two perfect substitutes will be

A)

zero

B)

low

C)

high

D)

infinity

Correct Answer : infinity

3 .

Demand curve is related to

A)

MU curve

B)

Marginal revenue

C)

Both (a) and (b)

D)

None of the above

Correct Answer : Both (a) and (b)

4 .

UN-Habitat is the United Nations programme working towards a better urban future. Where is the headquarters of UN-Habitat?

A)

Johannesburg, South Africa

B)

Nairobi, Kenya

C)

Brasilia, Brazil

D)

Tokyo, Japan

Correct Answer : Nairobi, Kenya

5 .

National income can be increased by

A)

Increase in population

B)

Increase in the rate of investment

C)

Increase in unemployment

D)

Decrease in price level

Correct Answer : Increase in the rate of investment

6 .

In which year was accounting separated from auditing and Comptroller and Auditor General's task only remained confined to auditing the Government Accounts?

A)

1976

B)

1977

C)

1980

D)

1981

Correct Answer : 1976

7 .

As on October 2019, how many Maharatna Companies are in India?

A)

8

B)

9

C)

10

D)

12

Correct Answer : 10

8 .

Priority Sector Lending by banks in India constitutes the lending to

A)

Agriculture

B)

Micro and small enterprises

C)

Weaker sections

D)

All of the above

Correct Answer : All of the above

Banks have to lend minimum of 40% to priority sector which includes all of the given sectors.

9 .

Housing Finance Companies in India are under the regulatory framework of

A)

National Housing Bank

B)

Reserve Bank of India

C)

Securities and Exchange Board of India

D)

Ministry of Finance

Correct Answer : Reserve Bank of India

10 .

Indexation is a method whose use can be associated with which one of the following?

A)

Controlling inflation

B)

Nominal GDP estimation

C)

Measurement of savings rate

D)

Fixing of wage compensation

Correct Answer : Fixing of wage compensation