General Knowledge: Business And Economics Questions Answer GK Quiz

Business And Economics Question Answer 2024, Business And Economics Quiz Questions 2024

Q. Which of the following expres­sion shows the formula of Gross Fiscal Deficit?
1) Gross Fiscal Deficit = Primary Deficit + Net borrowing from abroad
2) Gross Fiscal Deficit = Total Expenditure - Revenue Receipts
3) Gross Fiscal Deficit = Revenue Deficit + Capital Expenditure
4) Gross Fiscal Deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad

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Q. The Global Gender Gap Report is released by -
1) The UN Women
2) The World Economic Forum
3) The UNDP
4) The World Bank

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Q. The G-20 members represent -
1. around 85% of the global GDP.
2. about 50% of the global trade.
3. about two-thirds of the world population.
Which of the above statistics is/are correct?

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

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Q. Which among the following currencies is the costliest?
1) US Dollar
2) Pound Sterling
3) Euro
4) None of the above

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Q. India signed the Economic Co­operation and Trade Agreement (ECTA) with which country?
1) Australia
2) USA
3) UK
4) UAE

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Q. The Foreign Exchange Reserves (FER) of RBI include which of the following?
1. Foreign Currency Assets (FCA).
2. Gold
3. Special Drawing Rights (SDR).
4. Reserve Tranche Position.
Select the correct answer using the codes given below -

1) Only 1, 2 and 3
2) Only 2, 3 and 4
3) Only 1 and 2
4) All of the above

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Q. Which of the following is not true about globalization and its impact on India?
1) Increase in exports is greater than increase in imports
2) It has led to greater flow of Foreign Direct Investment
3) It has expanded trade in goods and services
4) None of the above

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Q. In which year was the Industrial Policy Resolution adopted?
1) 1954
2) 1952
3) 1950
4) 1956

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Q. Which of the following is not a measure of selective credit control?
1) Change in lending margins
2) Sale of government securities
3) Credit rationing
4) Moral suasion

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Q. The term 'Trade Adjustment Assistance' is related to -
1) Current Account Deficit
2) Capital Flow
3) Globalisation
4) Industrialisation

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