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. With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements :
1. AIIB has more than 80 member nations.
2. India is the largest share-holder in AIIB.
3. AIIB does not have any members from outside Asia.
Which of the statements given above is/ are correct?

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

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Q. What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?
1) To lessen the Government of India's perennial burden of fiscal deficit and current account deficit
2) To support the infrastructure projects of Central and State Governments
3) To act as independent regulator in case of applications for loans of Rs 50 crore or more
4) To aim at faster resolution of stressed assets of Rs 50 crore or more which are under consortium lending

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Q. The Chairmen of public sector banks are selected by the -
1) Banks Board Bureau
2) Reserve Bank of India
3) Union Ministry of Finance
4) Management of concerned bank

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Q. Which one of the following is not a sub-index of the World Bank's Ease of Doing Business Index?
1) Maintenance of law and order
2) Paying taxes
3) Registering property
4) Dealing with construction permits

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Q. Consumer Price Index (CPI) has assumed greater significance as it is used :
I. As the base for policy rate revision by the Monetary Policy Committee.
II. As deflators in the National Accounts.

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

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Q. RBI issued fresh 'Prudential frame work for resolution of stressed Assets' on June 7, 2019. It is applicable to -
I. Scheduled commercial banks.
II. All India Financial Institutions.
III. Small Finance Banks.
IV. Large Non Banking Finance Companies.

1) Only I
2) Only I and II
3) Only I, II and IV
4) I, II, III and IV

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Q. Which of the following is/ are big player of shadow banking in India?
I. Non-Banking Finance Companies
II. Mutual Funds

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

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Q. Fiscal Performance Index has been developed and released by -
1) Fourteenth Finance Commission
2) International Bank for Reconstruction and development
3) Confederation of Indian Industry
4) Reserve Bank of India

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Q. Which of the following is a development bank, but also functions as a regulator of its domain?
1) NABARD
2) SIDBI
3) EXIMBank
4) National Housing Bank

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Q. Corporate Average Fuel Efficiency/ Economy Regulations in India came into force from -
1) April 1, 2016
2) April 1, 2017
3) April 1, 2018
4) April 1, 2019

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