General Knowledge: Business And Economics Questions Answer GK Quiz

Q. Which is not true about carbon border tax?
1) A carbon border tax is a duty on imports based on the amount of carbon emissions resulting from the production of the product in question. As a price on carbon, it discourages emissions. A carbon border tax is arguably an improvement from a national carbon tax.
2) It was introduced in conference of biodiversity in 2022
3) The proposal is part of the European Commission's Euro-pean Green Deal that endeavours to make Europe the first climate-neutral continent by 2050
4) A national carbon tax is a fee that a government imposes on any company within the country that burns fossil fuels

Q. In case of elastic demand, an increase in price will -
1) lead to increase in total revenue
2) lead to decrease in total revenue
3) have no effect on total revenue
4) None of the above

Q. What has to be subtracted from gross investment to obtain net investment?
1) Direct taxes
2) Indirect taxes
3) Profits
4) Deprecation

Q. One of the following is not a component of foreign exchange reserves in India -
1) The gold stock of RBI
2) Foreign exchange assets of RBI
3) SDR holdings of government
4) Foreing exchange assets of Government

Q. Which one of the following does not influence the quantity demanded for a good?
1) Good's own price
2) Price of a complementary good
3) Price of a substitute good
4) Prices of inputs into production of the good