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. Which one of the following is not a function of commercial bank?
1) Issuing currency
2) Credit creation
3) Issuing travelers cheque
4) None of these

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Q. The idea of Good Governance was stressed in World Bank Report of -
1) 1990
2) 1992
3) 1998
4) 1999

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Q. In which year, first new industrial policy was declared in India?
1) April 1948
2) April 1949
3) April 1955
4) April 1980

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Q. When was Small Industries Development Bank of India (SIDBI) established?
1) 1990
2) 1995
3) 2000
4) 2005

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Q. What is the approx share of Agriculture in Gross Domestic Product (GDP) in India?
1) 14%
2) 10%
3) 25%
4) 35%

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Q. Which one of the following was the main objective of 12th Five Year Plan?
1) Inclusive growth
2) Increase in per capita GDP
3) Self-reliant and self-gene-rated economy
4) Poverty eradication and achievement of self-reliance

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Q. Which one of the following sectors has attracted the highest foreign direct investment inflows into India during last one decade?
1) Chemicals other than Fertilizers
2) Service Sector
3) Food Processing
4) Telecommunications

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Q. Which of the following Ministries publishes the Economic Survey of India?
1) Ministry of Finance
2) Ministry of External Affairs
3) Ministry of Home Affairs
4) Ministry of Commerce and Industry

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Q. Which of the following statements correctly depicts Take off stage in an economy?
1) It means steady growth begins.
2) It means economy is stagnant.
3) It means all controls are removed from economy.
4) It means economy is about to collapse.

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Q. Which of the following is an example of Wash sales?
1) Money Laundering
2) Estate planning
3) Tax Avoidance
4) Accelerated Income recognition

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