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 Indian income tax is -
1) Direct and proportional
2) Indirect and proportional
3) Indirect and progressive
4) Direct and progressive

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Q. Which of the following taxes is not a source of revenue for the Union Government?
1) Income tax
2) Corporation tax
3) Land revenue
4) Customs duties

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Q. Which of the following consti­tute Capital Account?
1. Foreign Loans
2. Foreign Direct Investment
3. Private Remittances
4. Portfolio Investment
Select the correct answer using the codes given below -

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

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Q. Which of the following taxes is also known as 'Google Tax'?
1) Equalisation Levy
2) Capital Levy
3) Estate Duty
4) Gift Tax

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Q. Consider the following state­ments in relation to foreign direct investment in the life insu­rance sector -
I. Union Cabinet on Feb­ruary 26, 2022 approved up to 20% FDI in Life Insurance Corporation of India through automatic route.
II. 74% FDI is allowed in private sector insurance companies.
Which of the above statements is/are correct?

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

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Q. A life table is used to measure -
I. Mortality
II. Survivorship
III. Life expectancy of a population of varying ages

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

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Q. India established Durgapur, Rourkela, and Bhilai steel plants in collaboration with -
1) Germany, Britain and Russia respectively
2) Britain, Germany and Russia respectively
3) Russia, Germany and Britain respectively
4) Britain, Russia and Ger­many respectively

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Q. Which of the following does not form the part of capital receipts of the Union Government?
1) Loan recoveries
2) Net market borrowings
3) Non-tax revenue
4) Net external assistance

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Q. Which European nation has officially consented to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)?
1) Germany
2) France
3) United Kingdom
4) Italy

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Q. Where has Adani Greens started the world's largest 'wind solar power plant'?
1) Gujarat
2) Rajasthan
3) Maharashtra
4) Tamil Nadu

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