General Knowledge: Business And Economics Questions Answer GK Quiz

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

Q. TV Somanathan committee has been constituted by the government of India to look into the matter related to -
1) Pension to Government employees
2) Guaranteed Minimum Sup­port Price for all Agricultural Commodities
3) Complete ban on freebies
4) Guaranteed compensation to farmers for the loss of crops due to natural calamities

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Q. The Kirit Parikh committee is related to -
1) Credit delivery to MSME sector
2) Pricing of Natural Gas
3) State funding of elections
4) Creation of buffer stock of crude petroleum

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Q. Which of the following state­ments is incorrect about Angel Tax?
1) Angel tax requires start-ups to pay income tax on capital received at a premium to their fair valuation
2) The excess of funds raised by an unlisted company at prices above fair value is treated as income, on which tax is levied
3) Angel tax applies to resident Indian investors only
4) Investments over and above the fair market value are taxed at 22.88%

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Q. Which of the following state­ments is incorrect about the Con­tingency Risk Buffer (CRB) with the Reserve Bank of India?
1) As per the expert committee to review the extant economic capital framework, CRB is required to be maintained within a range of 6.5 percent to 5.5 percent of RBI's balance sheet.
2) Within the CRB 5.5 percent to 4.5 percent should be main­tained for monetary and financial stability risks and 1 percent for credit and operational risks.
3) The Central Board of Directors of RBI decided to keep CRB at 6.0 percent during the accounting year 2022-23.
4) The Central Board of Directors of RBI decided to keep CRB at 6.3 percent during the accounting year 2021-22.

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Q. Which state became the first fully digital banking state in India?
1) Tamil Nadu
2) Kerala
3) Karnataka
4) Telangana

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Q. Role of Human Resources in Economic development, which of the following statement/s is/are correct?
1. Effects of economic develop­ment on population growth.
2. Effects of population growth in economic development.
Select the correct answer using the code given below -

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

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Q. 'Agenda-21' of Rio Summit, 1992 is related -
1) Sustainable development
2) Polluter - Pays principle
3) Environmental Education
4) Preservation of ozone layer

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Q. Natural resources should be used by the present generation in such a way that if there is mini­mum degradation of natural resources, then what kind of development would it be called?
1) Economic Development
2) Social Development
3) Sustainable Development
4) Organic Development

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Q. Which of the following is not an economic activity?
1) Farming
2) Service
3) Voluntary Social Service
4) Transportation

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Q. Which of the following is/are the type/ s of poverty?
1. Absolute poverty
2. Relative poverty
3. Subjective poverty
4. Functional poverty
Choose the correct answer using the code given below -

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

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