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. Commercial banks in India are mandatorily required to disburse a percent of their loans to the agriculture sector -
1) 18%
2) 25%
3) 30%
4) 40%

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Q. Consider the following International Agencies:
I. World Bank
II. International Monetary Fund III. Asian Infrastructure Investment Bank
IV. New Development Bank
Which of the above institutions provide long-term development loans to member countries?

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

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Q. Life Insurance Corporation of India came into existence in -
1) 1960
2) 1955
3) 1956
4) 1959

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Q. Which of the following programme is not associated with the National Mission for Sustainable Agriculture (NMSA)?
1) RAD
2) SHC
3) RKVY
4) PM-KSY

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Q. The National Food Security Mission (NFSM) was launched in -
1) 2007
2) 2006
3) 2008
4) 2009

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Q. A measure of the total inflation within an economy, including such as food and energy prices is called -
1) Headline inflation
2) Core inflation
3) Refined core inflation
4) None of the above

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Q. Which of the following is not a member of the South Asian Preferential Trade Agreement (SAPTA)?
1) China
2) Maldives
3) Bangladesh
4) Nepal

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Q. BRICS is important in the Global economy. Which of the following statements about BRICS is not correct?
1) It represents more than 40 percent of the global population
2) It represents around 24 percent of the World GDP
3) It represents around 46 percent of Global trade
4) The first BRICS Summit was held in 2009 in Russia

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Q. In which year Foreign Exchange Management Act (FEMA) come into existence?
1) 1973
2) 1980
3) 1998
4) 1999

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Q. How many banks were nation­alized in India in 1980?
1) 4
2) 6
3) 14
4) 20

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