Business and Economics - General Knowledge Questions

A)
the money supply is fully controlled
B)
deficit financing takes place
C)
only exports take place
D)
neither exports nor imports take place

Correct Answer :   neither exports nor imports take place

A)
Meerut
B)
Kanpur
C)
Varanasi
D)
Noida

Correct Answer :   Noida

A)
Equity Capital
B)
Portfolio Investment
C)
Reinvested earnings
D)
Intra company loans

Correct Answer :   Portfolio Investment

A)
Gunnar Myrdal
B)
Oscar Lewis
C)
Amartya Sen
D)
Aashish Bose

Correct Answer :   Oscar Lewis

The idea of Cultural Poverty was given by the anthropologist Oscar Lewis in his book, five families : Mexican Case studies in the culture of poverty. The culture of poverty theory states that living in conditions of pervasive poverty will lead to the development of a culture or subculture adapted to those conditions.

A)
The National Sample Survey Office (NSSO)
B)
The Reserve Bank of India (RBI)
C)
The Central Statistics Office (CSO)
D)
The Indian Statistical Institute (ISI)

Correct Answer :   The Central Statistics Office (CSO)

The Index of Industrial Production (IIP) is an index which shows the growth rates in different industry groups of the economy in a stipulated period of time. The IIP index is computed and published by the Central Statistical Organisation (CSO) on a monthly basis.

A)
Gram Panchayat
B)
District Collector
C)
State Government
D)
Union Government

Correct Answer :   Gram Panchayat

A)
Capital Account Convertibility
B)
Financial Deficit Management
C)
Mimimum Support Price
D)
Restrictive Trade Practices

Correct Answer :   Capital Account Convertibility

A)
Solar
B)
Nuclear
C)
Thermal
D)
Hydro - electricity

Correct Answer :   Thermal

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