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. The last six characters of the alphanumeric IFSC printed on the cheques helps in identifying the -
1) Bank branch
2) Type of account
3) Bank name
4) Business or profession

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Q. The Institute for Development and Research in Banking Technology (IDRBT) is a banking research institute established by Reserve Bank of India (RBI). It is located -
1) Chennai, Tamil Nadu
2) Mumbai, Maharashtra
3) Pune, Maharashtra
4) Hyderabad, Telangana

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Q. Operation Clean Money is started by -
1) NITI Ayog
2) Income Tax Department
3) Ministry of Finance
4) Central Board of Direct Taxes

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Q. When was the State Bank of India established?
1) 1954
2) 1955
3) 1956
4) 1957

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Q. A closed economy is an economy in which -
1) the money supply is fully controlled
2) deficit financing takes place
3) only exports take place
4) neither exports nor imports take place

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Q. What is meant by price discrimination?
1) Increase in price of a commodity over time
2) A situation where the same product is sold to different consumers for different prices
3) Subsidization of a product by the Government to sell it at a lower price
4) General decrease in price of a commodity over time

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Q. The Ngultrum is the currency of -
1) Kingdom of Thailand
2) Republic of Nepal
3) Republic of Bhutan
4) Malaysia

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Q. The Small Industries Development Bank of India(SIDBI) is headquartered in -
1) Lucknow, Uttar Pradesh
2) Ahmedabad, Gujarat
3) Mumbai, Maharashtra
4) Hyderabad, Telangana

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Q. The Microfinance institutions (MFI) registered as Non-Banking Finace Companies (NBFC) are presently regulated by -
1) SEBI
2) Reserve Bank of India
3) NABARB
4) SIDBI

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Q. The Reserve repo operations of the RBI are meant to -
1) Absorb the liquidity of the system
2) Infuse funds in the consumer market
3) Inject olatility in the foreign exchange market
4) Inject liquidity in the system

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