General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. 'Liquid funds' are a safe option for investors from the point of view of volatility and the risk of losing capital. Which of the following statements is/is correct regarding liquid funds?
1. Liquid funds are money market instruments.
2. Liquid funds are equity funds.
3. Liquid funds are regulated by SEBI.
Select the correct code from the options given below.

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

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Q. Which was not included in the three iron-steel plants establi­shed in the Second Five-Year Plan?
1. Durgapur
2. Bokaro
3. Bhilai
4. Rourkela
Select the correct answer using the code given below -

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

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Q. What is the 'State of Food and Agriculture report'?
1) It is an annual report published by the World Health Organization (WHO) summariz­ing global trends in food con­sumption.
2) It is a biennial report released by the Food and Agriculture Organization (FAO) providing an overview of the world’s food and agricultural situation.
3) It is a monthly report pro­duced by the United Nations Development Programme (UNDP) focusing on sustainable development in the agriculture sector.
4) It is a quarterly report by the International Fund for Agricul­tural Development (IFAD) asses­sing the impact of climate change on global food production

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Q. Which of the following is not one of the methods of national income estimation?
1) Banking method
2) Expenditure method
3) Product method
4) Income method

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Q. The revenue of the state governments is raised from the following sources, except -
1) Entertainment tax
2) Expenditure tax
3) Agricultural income tax
4) Land revenue

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Q. The Indian income tax is -
1) Direct and proportional
2) Indirect and proportional
3) Indirect and progressive
4) Direct and progressive

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Q. Which of the following taxes is not a source of revenue for the Union Government?
1) Income tax
2) Corporation tax
3) Land revenue
4) Customs duties

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Q. Which of the following consti­tute Capital Account?
1. Foreign Loans
2. Foreign Direct Investment
3. Private Remittances
4. Portfolio Investment
Select the correct answer using the codes given below -

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

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Q. Which of the following taxes is also known as 'Google Tax'?
1) Equalisation Levy
2) Capital Levy
3) Estate Duty
4) Gift Tax

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Q. Consider the following state­ments in relation to foreign direct investment in the life insu­rance sector -
I. Union Cabinet on Feb­ruary 26, 2022 approved up to 20% FDI in Life Insurance Corporation of India through automatic route.
II. 74% FDI is allowed in private sector insurance companies.
Which of the above statements is/are correct?

1) Only I
2) Only II
3) Both I and II
4) Neither I nor II

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