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 services relate to execution of transaction directly with consumers, rather than corporations or other banks?
1) Wholesale Banking Services
2) Industrial Banking Services
3) Corporate Banking Services
4) Retail Banking Services

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Q. A type of fraud wherein criminals use an innocent person's details to open or use an account to carry out financial transactions is known as
1) Identity Theft
2) Hacking
3) Money Laundering
4) Espionage

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Q. A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances is known as
1) Universal Bank
2) Indirect Bank
3) Door Step Bank
4) Direct Bank

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Q. Banks' mandatory lending to farmers for agriculture, micro and small enterprises, and other weaker sections wherein banks are required to lend up to 40 percent of the loans is generally described as
1) Para banking
2) Sub-Prime lending
3) Retail lending
4) Priority sector lending

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Q. Who benefits the most during the inflationary period?
1) government servants
2) corporate servants
3) creditors
4) entrepreneurs

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Q. GNP at market prices is Rs. 200. Net factor income from abroad is Rs. 20. Indirect taxes are Rs. 20 and subsidies are Rs. 10. GDP at factor cost is -
1) Rs. 220
2) Rs. 250
3) Rs. 180
4) Rs. 170

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Q. As per Basel II norms, a bank's capital to risk weighted assets ratio (CRAR) should be at least -
1) 8 per cent
2) 10 per cent
3) 12 per cent
4) 14 per cent

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Q. Reserve Bank of India gives licence for credit creation to -
1) Commercial banks
2) Scheduled banks
3) Cooperative banks
4) None of the these

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Q. When cost of production is zero, monopoly equilibrium will be established at a level where elasticity of demand curve is -
1) Greater than one
2) Equal to one
3) Less than one
4) Infinity

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Q. The comprehensive facts about Indian economy combined with incisive analysis is provided by -
1) RBI bulletin
2) Economic and political weekly
3) Centre for monitoring Indian economy
4) Economic survey

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