General Knowledge Questions Answer GK Quiz

GK General Knowledge - Business And Economics Question Answer Quiz

Q. Multidimensional poverty index includes :
1. Health 2. Education 3. Living Standard
Select correct answer from the codes given below :

1) Only 1 is correct
2) Only 2 and 3 are correct
3) Only 1 and 2 are correct
4) 1, 2, and 3 are correct

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Q. Which among the following is the method to estimate the poverty line in India?
1) Investment method
2) Capital method
3) Human method
4) Income method

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Q. Cyclical Unemployment is -
1) Unemployment that results when people become discouraged about their chances of finding a job so that they stop looking for work
2) Unemployment that occurs during recessions and depressions
3) Portion of unemployment that is due to the normal working of the labour market
4) Portion of unemployment that is due to changes in the structure of the economy that results in a significant loss of jobs in certain industries

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Q. National income can be increased by -
1) Increase in population
2) Increase in the rate of investment
3) Increase in unemployment
4) Decrease in price level

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Q. The labour force can be defined as -
1) Those of workers who are seeking work and are available for work at current wage rate
2) Anyone who is working or actively seeking work
3) The population between school-leaving age and retirement age
4) Those who could claim benefit if they were to become unemployed

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Q. 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 -
1) Rs. 5 lakh per depositor
2) Rs. 10 lakh per depositor
3) Rs. 12 lakh per depositor
4) Rs. 15 lakh per depositor

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Q. Tools for navigating the economy in a constant state of disequilibrium are -
I. Change in modeling approaches
II. Measurement of new concepts
III. Micro data
IV. Both stocks and flows
Correct code is :

1) Only I, II and III
2) Only II, III and IV
3) Only I, III and IV
4) I, II, III and IV all

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Q. Consider the following sentences regarding Crypto-currency.
1. Crypto-currency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures.
2. Users must reach a consensus about crypto-currency's value and use it as an exchange medium.
3. It is tied to a particular country, its value is controlled by a central bank.
Which of the above sentence(s) is/ are incorrect?

1) 1 and 2
2) Only 3
3) 1 and 3
4) None of the above

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Q. MDR is a free charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments. MDR stands for -
1) Merchant Discount Ratio
2) Merchant Discount Rate
3) Merchant Discount Rating
4) Merchant Development Rate

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Q. Name the bank which has deployed Robotic Arms for currency sorting at its chests.
1) HDFC Bank
2) AXIS Bank
3) YES Bank
4) ICICI Bank

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