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. Budge-Budge, Samastipur and Katihar are centres of -
1) Jute mills
2) Cotton textile mills
3) Wheel and Axle plant
4) Chemical industry

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Q. Identify the city which is the head­quarters of the world-famous automobile manufacturer com­pany 'General Motors' (GM) from the following -
1) NewYork
2) Pittsburgh
3) Detroit
4) Boston

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Q. Which of the following is not a tool of fiscal policy?
1) Public expenditure
2) Interest rate
3) Deficit financing
4) Taxation

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Q. Which of the following is not a Public good?
1) Government Administration
2) National Defence
3) Cars
4) Roads

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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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