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 Iron and Steel Plant is called 'Ruhr of India?
1) Rourkela
2) Durgapur
3) Bhilai
4) Jamshedpur

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Q. Identify the particular element that dominates in the material culture.
1) 21
2) Custom and Tradition
3) Folkways
4) Religion and Morality

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Q. The most advanced type of economic integration is -
1) Common market
2) Free Trade Area
3) Customs union
4) Economic union

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Q. An economic union is the most advanced type of economic integration.
1) It permits no tariff barriers on trade among members
2) It allows free movement of capital and labour among member nations
3) It unifies the monetary and fiscal policies of member states
4) It allows no tariffs on trade among members and a common tariff policy towards the rest of the world

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Q. Which of the following allows free movement of labour and capital among member nations?
1) Customs union
2) Economic union
3) Common market
4) Preferential trade arrangement

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Q. Which Index Number method has an upward bias?
1) Laspeyre's method
2) Bowley's method
3) Passche's method
4) Fisher's method

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Q. The statistical technique used to determine the degree of relationship between two variables is called--
1) Association
2) Index Numbers
3) Correlation
4) Dispersion

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Q. On Current Daily Status (CDS) basis, the incidence of unemployment in India in 2004-05 was-
1) 8.28%
2) 6.43%
3) 4.52%
4) 10.12%

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Q. Public Enterprises in India have developed only in -
1) Key and Basic industries
2) Consumer goods industries
3) Service industries
4) All types of industries

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Q. The difference between the export and import of services is called -
1) Balance of Trade
2) Balance Of Capital account
3) Balance of Current account
4) Balance of Invisible

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