General knowledge(GK)/GK General Knowledge - Business And Economics Question set 3 Sample Test,Sample questions

Question:
 A substantial increase in capital expenditure or revenue deficit leads to ...........

1. Budgetary Deficit

2.Fiscal Deficit

3.Primary Deficit

4.Revenue Deficit


Question:
 Effective Corporate tax (including the base rate, cess, surcharge, dividend distribution tax and any other addition tax) is highest in -

1.France

2.Brazil

3.India

4.Japan


Question:
 In Germany, the term 'Black Zero' is referred to as -

1.Loss making Start-Ups

2.Profitable zero-debt companies

3.Balanced Budget

4.Tainted Companies


Question:
 Regional Comprehensive Economic Partnership (RCEP) is a proposed pact between ASEAN and -

1.China, Japan and South Korea

2.Australia, New Zealand and India

3.Both (A) and (B)

4.Neither (A) nor (B)


Question:
.... is the largest creditor nation in the world.

1.Japan

2.Germany

3.China

4.Saudi Arab


Question:
Akhilesh Ranjan Panel on Direct Tax Code recommended highest rate of income tax at 35% for the annual income above -

1.Rs. 2 crore

2.Rs. 1.5 crore

3.Rs. 1.0 crore

4.Rs. 0.50 crore


Question:
Akhilesh Ranjan Panel on Direct Tax Code suggested no tax up to the annual income -

1.Rs. 3 lakh

2.Rs. 4 lakh

3.Rs. 5 lakh

4.Rs. 7.5 lakh


Question:
Composition Scheme under GST is applicable to businesses with a turnover up to -

1.Rs. 1.0 crore

2.Rs. 1.5 crore

3.Rs. 2.0 crore

4.Rs. 2.5 crore


Question:
Farmers' Clubs have been promoted by -

1. Indian Council of Agricultural Research

2.National Bank for Agriculture and Rural Development

3.Regional Rural Banks

4.Ministry of Agriculture, Farmers' Welfare and Cooperation


Question:
Husband and wife jointly borrowed a home loan in the ratio of 50 : 50. Wife enjoys full ownership of the house. Each can avail income tax rebate in the ratio of -

1.Ownership

2.Borrowing

3.Any one, at the borrower's discretion

4.The respective assessee's income


Question:
In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?

1.Micro finance Institutions

2.Regional Rural Banks

3.Cooperative Banks

4.Commercial Banks


Question:
Indexation is a method whose use can be associated with which one of the following?

1.Controlling inflation

2.Nominal GDP estimation

3.Measurement of savings rate

4.Fixing of wage compensation


Question:
Market size means -.

1.Size of marketing staff

2.Size of the Organisation

3.Scope for profits

4.Scope for marketing


Question:
Marketing in Banks is required for -.

1.Getting new customers

2.Lending

3.Accepting of deposits

4.All of the above


Question:
Service Marketing is the same as -.

1.Relationship Marketing

2.Transaction Marketing

3.Internal Marketing

4.All of those


Question:
The 14th Finance Commission recommended, among other things, to raise the share of states in the net proceeds of divisible pool of central tax to :

1.32%

2.29.5%

3.45%

4.42%


Question:
The prices, at which Government purchases of food grains for maintaining the public distribution system and for building up buffer stocks, are known as -

1.Minimum Support Prices

2.Procurement Prices

3.Issue Prices

4.Ceiling Prices


Question:
The Public Financial Management System (PFMS) is a web-based online software application designed, developed, owned and implemented by the -

1.Department of Financial Services

2. Institute of Government Accounts and Finance

3.Controller General of Accounts

4.National Institute of Financial Management


Question:
The Steel Scrap Recycling Policy, 2019 has been notified by the -
1) 

1.Ministry of Road Transport and National Highways

2.Ministry of Steel

3. Department of Heavy Industries

4.Ministry of MSMEs


Question:
The term Operation Twist is related to -

1.Renewable energy

2.Debt Restructuring

3.Currency Crisis

4.Quantitative Easing


Question:
The term Seingnorage refers to -

1.Intrinsic value of currency notes less the cost of production 2)

2.Cost of production of currency notes less intrinsic value

3.Domestic currency value less foreign currency value

4.Inflation adjusted currency value


Question:
The term Seingnorage refers to -

1.Intrinsic value of currency notes less the cost of production 2)

2.Cost of production of currency notes less intrinsic value

3.Domestic currency value less foreign currency value

4.Inflation adjusted currency value


Question:
The term Seingnorage refers to -

1.Intrinsic value of currency notes less the cost of production 2)

2.Cost of production of currency notes less intrinsic value

3.Domestic currency value less foreign currency value

4.Inflation adjusted currency value


Question:
The theme of XI BRICS Summit 2019 was -

1.'Economic Growth for an Innovative Future'

2.Growth with Sustainable Future'

3.Development with Equity' 4) '

4.Growth, Equity and Inclusiveness'


Question:
The value of the slope of a normal demand curve is -

1.positive

2.negative

3.zero

4.infinity


Question:
The WTO was founded in Geneva in which year?

1.1st January, 1994

2.1st January, 1995

3.1st January, 1996

4.1st January, 1993


Question:
Trade Adjustment Assistance is a term that is associated with -

1.Industrialisation

2.Globalisation

3.Capital flow

4.Current Account Deficit


Question:
What effect will a decrease in demand and an increase in supply have on equilibrium price?

1.Equilibrium price will fall

2.Equilibrium price will rise

3.Equilibrium price will be constant

4.Sometimes price will rise and sometimes it will fall


Question:
Which of the following Cooperative Societies of India is responsible for the production of fertilizers?

1.NAFED

2.IFFCO

3.NCDC

4.TRIFED


Question:
Which of the following is not the function of Reserve Bank of India (RBI)?

1.Issue of bank notes

2.Banker to Government

3.To open saving bank account for general public 4)

4.Custodian of cash reserves of Commercial Banks


Question:
Which one of the following is an example of a price floor?

1.Minimum Support Price (MSP) for Jowar in India

2.Subsidy given to farmers to buy fertilizers

3.Price paid by people to buy goods from ration shops

4.Maximum Retail Price (MRP) printed on the covers/ packets of goods sold in India


Question:
Which was the first private sector bank in India?

1.Catholic Syrian Bank

2.City Union Bank

3.Nedungadi Bank

4.Nainital Bank


Question:
Who among the following in his book "The Managerial Revolution" argued that a managerial class dominated all industrial societies, both capitalist and communist, by virtue of its technical and scientific knowledge and its administrative skills?

1.ames Burnham

2.Robert Michels

3.Gaetano Mosea

4.Vilfredo Pareto


Question:
Who was the chairman of the 15th Finance Commission?

1. N. K. Singh

2.Shashikant Das

3.Ashoka Lavasa

4.Ratan Watal


Question:
World Economic Forum introduced the new Global Competitiveness Index 4.0 in 2019. In this Index 4.0 represents -

1.Industry 4.0 (Fourth Industrial Revolution)

2.Service 4.0 (Fourth Services Revolution)

3.Agriculture 4.0 (Fourth Agricultural Revolution

4.IT 4.0 (Fourth generation IT solutions)


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