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. In National Income (NI) accounts, Personal Income (PI) is defined as -
1) NI - undistributed profits - net interest payments made by households - corporate tax + transfer payments to the households from the government and firms
2) NI - undistributed profits - corporate tax + transfer payments to the households from the government and firms
3) Undistributed profits - net interest payments made by households + transfer payments to the households from the government and firms
4) Undistributed profits - net interest payments made by households - corporate tax

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Q. The Reserve Bank of India defines narrow money as -
1) CU (currency notes + coins) + DD (net demand deposits held by commercial banks)
2) CU + DD + saving deposits with post office savings banks
3) CU + DD + net time deposits of commercial banks
4) CU + DD + net time deposits of commercial banks + total deposits of post offices

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Q. Multipliers will be lower with which one of the following?
1) High marginal propensity to consume
2) Low marginal propensity to consume
3) High marginal propensity to invest
4) Low marginal propensity to save

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Q. If farmers' loans are waived in India, how will it affect the aggregate demand in the economy?
1. Private consumption impact via increase in private sector net wealth
2. Public sector impact via changes in government expenditure / taxes
3. Crowding-out impact via higher borrowings by State Governments
4. Crowding-in impact via higher credit availability as bank NPAs fall
Select the correct answer using the code given below :

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

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Q. Which of the following country signed an MoU with Engineers India Limited (EIL) for project Management Consultancy for oil refinery?
1) Nepal
2) China
3) Mongolia
4) Iran

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Q. The abbreviation 'CD' stands for-
1) Commercial Demand
2) Certificate of Deposit
3) Cash Deposit
4) Commercial Documentation

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Q. Where is HPCL, Rajasthan Refinery Limited situated ?
1) Barmer
2) Jodhpur
3) Jalore
4) Bundi

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Q. Contribution of services sector in Rajasthan's Gross State Value Added as basic constant (2011-12) prices in 2017-18 was -
1) 45.07%
2) 55.07%
3) 35.07%
4) 25.07%

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Q. Which of the following is not included under non-tax revenue receipts for the Budget ?
1) Interest receipts
2) Stamp and Registration fee
3) Grants-in-aid
4) Receipts from social services

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Q. The monetary measure of the volume of ods and services produced, within the boundaries of the state, during a given period of time, accounted without duplication is known as -
1) National Income
2) Gross National Product
3) Gross State Domestic Product
4) Net State Product

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