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

1 .

Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign financial assets freely and at market determined exchange rates?

A)

Capital Account Convertibility

B)

Financial Deficit Management

C)

Mimimum Support Price

D)

Restrictive Trade Practices

Correct Answer : Capital Account Convertibility

2 .

Which kind of power accounts for the largest share of power generation in India

A)

Solar

B)

Nuclear

C)

Thermal

D)

Hydro - electricity

Correct Answer : Thermal

3 .

On an indifference map, if the income consumption curve slopes downwards to the right it shows that

A)

X is an inferior good

B)

Y is an inferior good

C)

Both X and Y are superior goods

D)

Both X and Y are inferior goods

Correct Answer : Y is an inferior good

4 .

Value maximization theory fails to address the problem of

A)

risk

B)

uncertainty

C)

sluggish growth

D)

self-serving management

Correct Answer : self-serving management

5 .

Law of diminishing marginal utility is based on the assumption that

A)

Tastes change over time

B)

Consumption is continuous

C)

Different units of goods consumed are homogeneous

D)

None of the above

Correct Answer : Tastes change over time

6 .

Price effect in indifference curve analysis arises

A)

When income and price change

B)

When the consumer is betler off due to a change in income and price

C)

When the consumer becomes either better off or worse off because price change is not compensated by income change

D)

None of the above

Correct Answer : When the consumer becomes either better off or worse off because price change is not compensated by income change

7 .

The kinked demand curve explains

A)

Demand flexibility

B)

Demand rigidity

C)

Price flexibility

D)

Price rigidity

Correct Answer : Price rigidity

8 .

Deposit Insurance and Credit Guarantee Corporation (DICGC) has been permitted to increase Deposit Insurance Coverage for a depositor, which is now Rs. one lakh to

A)

Rs. 5 lakh per depositor

B)

Rs. 10 lakh per depositor

C)

Rs. 15 lakh per depositor

D)

Rs. 20 lakh per depositor

Correct Answer : Rs. 5 lakh per depositor

9 .

The Dependency Ratio in India is declining because

A)

Population of 0-14 years is relatively high

B)

Population of 60 years and above is relatively high

C)

Population of 15-59 years is relatively high

D)

Population of 0-14 years and 60 years and above together are relatively high

Correct Answer : Population of 15-59 years is relatively high

10 .

International Financial Centre, first of its kind in India, is established in which state?

A)

Gujarat

B)

Maharashtra

C)

West Bengal

D)

Tamil Nadu

Correct Answer : Gujarat