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. Who can request for issuing look out notice against wilful defaultters of public sector banks'loans ?
I. Central Bank of India
II. Research and Analysis Wing
III. Nominated officers of Interpol
IV. Enforcement Directorate
V. Chairman/MD/CEO of PSU Banks
Correct code is -

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

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Q. Which Indian State/ UT has highest debt/ GDP ratio in 2017-18 ?
1) Puducherry
2) Sikkim
3) Jammu & Kashmir
4) Assam

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Q. Which country of the world is India's largest trade partner in 2017-18 ?
1) USA
2) UAE
3) China
4) UK

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Q. Which of the following is not included in Union Government's 'Transformative Initiative in MSME credit space' ?
1) It is a strategic initiative of SIDBI led public sector banks consortium incubated
2) Any loan to a certain limit within 59 minutes
3) The loans are undertaken without human intervention till sanction and/ or disbursement
4) Total abolition of intermediaries

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Q. Which is the first Indian Life Insurance Company to enable claims processing through Whats App ?
1) Aegon Life
2) Bharti AXA Life
3) HDFC Life
4) Life Insurance Corporation of India

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Q. Which of the following statements is correct about Goods and Services Tax Network (GSTN) ?
I. The GSTN was incorporated as private Limited Company as a not-for-profit entity.
II. Union Cabinet cleared a proposal to convert GSTN into a government owned company.
III. Originally, the Union Government and State governments together hold 49% stake in GSTN.
IV. The remaining 51% is held by five private financial institutions-HDFC Ltd., HDFC Bank, ICICI Bank Ltd., NSE Strategic Investment Co. and LIC Housing Finance Ltd.

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

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Q. Which of the following countries is not a member NAFTA ?
1) Panama
2) USA
3) Canada
4) Mexico

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Q. Which currency is termed as the king of global finance ?
1) US Dollar
2) Sterling Pound
3) Chinese Renminbi
4) French Frank

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Q. Prime Minister Narendra Modi announced a bonanza for MSME sector on the eve of Diwali. It includes :
I. Operationalisation of a dedicated portal for sanctioning loans upto Rs. 1 crore in 59 minutes.
II. All GST-registered MSMEs will qualify for a 2% interest subvention on fresh or incremental loans.
III. Public sector companies will compulsorily procure 25% of their purchase from MSMEs, 3 per cent must be reserved for women entrepreneurs.
IV. MSMES need file just one annual return for compliance with eight labour laws.
Correct code is -

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

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Q. Which of the following statements is correct about India's MSME sector ? According to the 73rd round of the National Sample Survey -
I. MSME sector contributes over 28 per cent in Gross Domestic Product.
II. MSME sector contributes over 48 per cent in India's exports.
III. MSME sector comprises 633.88 lakh units.
IV. MSME sector has created 11.10 crore jobs.
Correct code is -

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

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