General Knowledge Questions Answer GK Quiz

GK General Knowledge - Business And Economics Question Answer Quiz

Q. The National Bank for Agriculture and Rural Development is an apex development financial institution in India, headquartered at -
1) Pune, Maharashtra
2) Chennai, Tamil Nadu
3) Mumbai, Maharashtra
4) New Delhi, Delhi

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Q. Mixed Economy refers to -
1) Coexistence of small and large industries
2) Coexistence of agriculture and industry
3) Coexistence of public and private sector
4) Coexistence of domestic and foreign enterprises

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Q. The 'NAFTA' is an agreement signed by various countries creating a trilateral trade bloc. What does 'N' stand for in 'NAFTA' ?
1) National
2) North
3) Normal
4) Negotiable

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Q. The form of insurance which insures against financial loss from defects in title to real property and from the invalidity or unenforceable of mortgage loans is known as -
1) Credit insurance
2) Property insurance
3) Mortgage-cover
4) Title insurance

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Q. The Insurance Regulatory and Development Authority of India (IRDAI) was incorporated (as a Statutory body) in 2000 based on the recommendations of the -
1) R. N. Malhotra Committee
2) Narshimaham Committee
3) R. N. Talwar Committee
4) Bimal Jalan Committee

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Q. The specific cause of a possible loss covered by an insurance policy is known as -
1) Threat
2) Hazard
3) Exposure
4) Danger

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Q. Group Insurance is a plan of insurance which covers a similar or homogeneous group of individual under a single policy called the -
1) Mutual Insurance Policy
2) Master Policy
3) None of those given as options
4) Commercial policy

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Q. A life insurance policy which pays out the sum insured under such scenarios death and survival of the insured person is known as -
1) Term insurance policy
2) Whole life policy
3) Endowment policy
4) Annuity policy

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Q. In which year did UNO adopt a definition of absolute poverty ?
1) 1994
2) 1995
3) 1996
4) 1997

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Q. The Shanghai Cooperation Organization summit in which India was inducted as a full member was held at -
1) Ufa
2) Dushanbe
3) Tashkent
4) Astana

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