Business and Economics - General Knowledge Questions

1 .
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

2 .
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

3 .
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

4 .
As on October 2019, how many Maharatna Companies are in India?
A)
8
B)
9
C)
10
D)
12

Correct Answer :   10

5 .
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.

6 .
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

7 .
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

8 .
What do you mean by Demographic Dividend?
A)
A rise in the rate of economic growth due to a higher share of working age people in a population
B)
A rise in the rate of literacy due to development of educational institution in different parts of the country
C)
A rise in the standard of living of the people due to the growth of alternative livelihood practices
D)
A rise in the gross employment ratio of a country due to government policies

Correct Answer :   A rise in the rate of economic growth due to a higher share of working age people in a population

9 .
The total sum of the goods and services produced in a country in a year minus depreciation is called
A)
Gross Domestic Product
B)
Gross National Product
C)
Gross National Income
D)
Net Domestic Product

Correct Answer :   Net Domestic Product

10 .
Under perfect competition, price of the product
A)
Can be controlled
B)
Cannot be controlled
C)
Can be controlled within certain limit
D)
None of the above

Correct Answer :   Cannot be controlled

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