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. Consider the following statements about Standing Deposit Facility:
1. The standing deposit facility is a collateral-free liquidity absorption mechanism implemented by the RBI
2. It enables the RBI to take liquidity (deposits) from commercial banks without having to compensate them with government securities.
3. The central bank employs reverse repo rate and SDF to remove excess liquidity from the system.
Which of the above statements is/are correct?

1) Only 1 and 2
2) Only 2
3) Only 1 and 3
4) All 1, 2 and 3

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Q. Among the following countries, where did the idea of Social Market Economy emerge in the 1950s?
1) Germany
2) France
3) United States of America
4) United Kingdom

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Q. The Insolvency and Bankruptcy Board of India (IBBI) was established in the year -
1) 2014
2) 2015
3) 2016
4) 2017

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Q. Which one of the following central features is not associated with Capitalist Economy?
1) There is generalized commodity production, it has a market value
2) Productive wealth is held predominantly in private hands
3) Economic life is organized according to market principles
4) Economic organization is based on planning, a supposedly rational process of resource allocation

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Q. India is still a young country as the median age of its population is -
1) Less than 25 years
2) Between 25 to 30 years
3) Between 30 to 35 years
4) Between 35 to 40 years

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Q. India's real-time retail payment system Unified Payments Interface (UPI) was linked to its equivalent network in -
1) Singapore
2) Russia
3) Japan
4) Mauritius

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Q. Which of the following countries are the founding members of ASEAN?
I. Indonesia
II. Malaysia
III. Myanmar
IV. Philippines
V. Vietnam
VI. Thailand
VII. Singapore

1) Only I, II, III, IV, and VI
2) Only II, III, IV, VI, and VIII
3) Only I, II, IV, VI, and VII
4) All of the above

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Q. The terms 'Ethereum, Solana, Polkadot, and Tether', sometimes mentioned in the news, refer to -
1) Cryptocurrencies
2) Earth Observation Satellites
3) Hypersonic Cruise Missiles
4) Virtual Private Network service providers

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Q. Which one of the following forms of money supply is considered the most widely used in the Indian monetary system?
1) M1
2) M2
3) M3
4) M4

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Q. Consider the following statements regarding e-RUPI prepaid digital vouchers -
1. The maximum amount of e-RUPI is rupees one lakh.
2. Beneficiaries can receive e-RUPI without having a bank account.
3. To receive e-RUPI on mobile phones, beneficiaries need a smartphone with an Internet connection.
Which of the statements given above is/are correct?

1) 1 and 2
2) only 3
3) 1 and 3
4) only2

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