General Knowledge Question Answer: Business And Economics GK Questions and Answers

General Knowledge Business And Economics Questions, Business And Economics Quiz for Competitive Exams, Important Business And Economics MCQs for GK

Q. Which of the following policies helps to raise interest rates unam­biguously and thereby leads to the appreciation of currency?
1) Expansionary fiscal and monetary policy
2) Contractionary fiscal and monetary policy
3) Contractionary fiscal policy and expansionary monetary policy
4) Contractionary monetary policy and expansionary fiscal policy

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Q. The contraction of private invest­ment spending due to deficit spending by the Government is called -
1) crowding out
2) crowding in
3) pump priming
4) dumping

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Q. The computation of poverty in terms of Monthly Per Capita Consumption Expenditure (MPCE) based on the Mixed Reference Period was recommen­ded by the -
1) Lakdawala Committee
2) Tendulkar Committee
3) Dandekar Committee
4) Alagh Committee

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Q. Which one of the following is a measure that can be used by the Government for combatting inflation?
1) Increasing the non-planned expenditure on defence, police, etc.
2) Providing more subsidies on exports
3) Increasing the rate of interest on savings and fixed deposits
4) Reduction in the Cash Reserve Ratio (CRR)

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Q. The sustained decrease in the general level is called as -
1) deflation
2) stagflation
3) devaluation
4) recession

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Q. Which one of the following indi­cators is included in the National Multidimensional Poverty Index (MPI)?
1) Years of schooling
2) Literacy rate
3) Life expectancy
4) Per capita income

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Q. The unemployment that occurs due to changes in technology or in the demand for particular products is called -
1) frictional unemployment
2) structural unemployment
3) cyclical unemployment
4) disguised unemployment

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Q. According to the National Multi­dimensional Poverty Index (MPI) constructed by the NITI Aayog, a household is considered depri­ved if -
(1) a single member of the household is identified as undernourished
(2) the body mass index of a woman member, between 15 years and 49 years of age, is below 18-5 kg/m2
Select the correct answer using the code given below -

1) Onlyl 1
2) Only 2
3) Both 1 and 2
4) Neither 1 nor 2

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Q. Recommendations of the 15th Finance Commission are for which of the following periods?
1) 2020-21 to 2024-25
2) 2019-20 to 2023-24
3) 2021-22 to 2025-26
4) 2022-23 to 2026-27

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Q. In which year, the Indian Rupee was devalued twice within a month?
1) 1991
2) 1992
3) 1990
4) 1993

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