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Can you provide me some questions for Business and Economics topics as me and my friends need to prepare for a quiz competition, please help us with this?

Some questions for Business and Economics topics as you and your friends need to prepare for a quiz competition are as follows:

Q. A firm practising price discrimination will be -
1) charging different price for different qualities of a production
2) buying in the cheapest and selling in the dearest markets
3) charging different prices in different markets for a product
4) buying only from firms selling in bulk at a distance


Q. The Phillip's curve is the schedule showing the relationship between -
1) aggregate supply and demand
2) total saving and investment
3) the rate of unemployment and rate of inflation
4) demand for and supply loanable funds


Q. The food corporation of was established in the year -
1) 1965
2) 1966
3) 1967
4) 1955


Q. Increase in cash reserve ratio leads to -
1) increase in bank credit
2) decrease in bank credit
3) constant bank credit
4) excess bank credit


Q. In the long run the fixed costs become -
1) Money costs
2) Real costs
3) Opportunity costs
4) Variable costs


Q. The factor that least influences exchange rate fluctuations:
1) Industrial Production
2) Investors Sentiments
3) Interest Rates
4) Consumer Price Index


Q. The terms 'bull' and 'bear' are used in -
1) Planning Commission
2) Stock Exchange
3) Sale Tax Department
4) Income Tax Department


Q. Nobel Prize in Economic Sciences 2014 winner Jean Tirole belongs to -
1) France
2) Germany
3) USA
4) Norway


Q. India's Direct Cash Transfer Scheme draws similarities from models of which country -
1) Brazil
2) Germany
3) Australia
4) Sri Lanka


Q. The Corporate Head Quarters of Tata Group is -
1) Bombay House
2) Tata Towers
3) JRD Centre
4) None of these


Q. Which of the following sectors in India was not nationalized by the government at any point of time -
1) Banking
2) Insurance
3) Coal
4) None of these


Q. Financial Action Task Force (FATF) is an Inter-governmental Body established in 1989. It is concerned with -
1) Money laundering
2) Stock markets
3) Foreign Direct Investment
4) Foreign Institutional Investors


Q. The market for government securities is also referred to as -
1) Bullion market
2) Gilt-edge market
3) Secondary market
4) Money market


Q. Which two institutions are popularly referred to as the 'Bretton Woods Twins?
1) Monetary Fund and World Bank
2) World Bank and Asian Development Bank
3) Asian Development Bank and International Monetary Fund
4) United Nations and World Trade Organisation


Q. The Finance Minister's Budget speech presented to the Indian Parliament every year usually has two parts. What does the Part A relate to -
1) Taxation Proposals
2) General Economic Survey
3) Both (a) and (b)
4) None of these


Q. The Speaker of the Lok Sabha is elected by -
1) Members of Lok Sabha
2) President of India
3) Leader of the majority party in the Lok Sabha
4) None of these


Q. IRDA is the Indian regulator for the -
1) Banking sector
2) Mutual funds
3) Rural Development
4) None of these


Q. The agency that estimates national income in India is -
1) RBI
2) Planning Commission
3) Central Statistics Organisation
4) None of these


Q. Open market operations refers to the sale and purchase by the RBI of -
1) Foreign currency
2) Gold
3) Government bonds
4) All the above


Q. An Equity Share is also commonly referred to as
1) Ordinary Share
2) Debenture
3) Convertible Share
4) Security Receipt


Q. NABARD is responsible for regulating and supervising the functions of -
1) Investment and Industrial Finance Banks
2) Co-operative Banks and Regional Rural Banks
3) Corporate Finance and Overseas Banking Units
4) Private Sector and Multinational Banks


Q. The concept of 'Micro Credit' essentially concentrates on
1) consumption smoothening as and when needed
2) providing safe place to hold savings
3) accepting deposits
4) provision of credit to the poor


Q. The abbreviation EMI in banking sector stands for
1) Equated Monthly Instalment
2) Equal Monthly Increment
3) Equated Money Instalment
4) Equalised Monthly Instalment


Q. The Electronic Funds Transfer at Point of Sale (ESTPOS) is an electronic payment system based on
1) Interner Banking
2) Account Payee Cheques
3) Letters of Credit
4) Debit and Credit Cards


Q. Banking Codes and Standard Board of India (BCSBI) has evolved which of the following codes
1) Code of Bank's commitment to customers.
2) Code of Bank's commitment to big industries
3) Code of Bank's commitment to micro and Small Enterprises
4) (1); and (3)


Q. According to the provisions of the Income tax Act, 1961, a resident individual is categorised as a 'super senior citizen' when his age is
1) 80 Years
2) 75 Years
3) 90 Years
4) 85 Years


Q. The part of a company's earnings or profits which are paid out to shareholders is known as -
1) Capital Gains
2) Taxes
3) Interest on Borrowings
4) Dividends


Q. Which of the following is a receipt listed in India and traded in rupees declaring ownership of shares of a foreign company?
1) Indian Depository Receipt (IDR)
2) European Depository Receipt (EDR)
3) Global Depository Receipt (GDR)
4) American Depository Receipt (ADR)


Q. Which of the following services relate to execution of transaction directly with consumers, rather than corporations or other banks?
1) Wholesale Banking Services
2) Industrial Banking Services
3) Corporate Banking Services
4) Retail Banking Services


Q. A type of fraud wherein criminals use an innocent person's details to open or use an account to carry out financial transactions is known as
1) Identity Theft
2) Hacking
3) Money Laundering
4) Espionage


Q. A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances is known as
1) Universal Bank
2) Indirect Bank
3) Door Step Bank
4) Direct Bank


Q. Banks' mandatory lending to farmers for agriculture, micro and small enterprises, and other weaker sections wherein banks are required to lend up to 40 percent of the loans is generally described as
1) Para banking
2) Sub-Prime lending
3) Retail lending
4) Priority sector lending


Q. Who benefits the most during the inflationary period?
1) government servants
2) corporate servants
3) creditors
4) entrepreneurs


Q. GNP at market prices is Rs. 200. Net factor income from abroad is Rs. 20. Indirect taxes are Rs. 20 and subsidies are Rs. 10. GDP at factor cost is -
1) Rs. 220
2) Rs. 250
3) Rs. 180
4) Rs. 170


Q. As per Basel II norms, a bank's capital to risk weighted assets ratio (CRAR) should be at least -
1) 8 per cent
2) 10 per cent
3) 12 per cent
4) 14 per cent


Q. Reserve Bank of India gives licence for credit creation to -
1) Commercial banks
2) Scheduled banks
3) Cooperative banks
4) None of the these


Q. When cost of production is zero, monopoly equilibrium will be established at a level where elasticity of demand curve is -
1) Greater than one
2) Equal to one
3) Less than one
4) Infinity


Q. The comprehensive facts about Indian economy combined with incisive analysis is provided by -
1) RBI bulletin
2) Economic and political weekly
3) Centre for monitoring Indian economy
4) Economic survey


Q. 'Supply creates its own demand' means -
1) Demand is supply
2) Supply is demand
3) Demand comes first and supply afterwards
4) Supply has nothing to do with demand


Q. The base year for estimation of GDP in India is -
1) 1999-2000
2) 2000-2001
3) 2004-2005
4) 2006-2007


Q. In any set of numbers, the geometrical mean exists only when all numbers are -
1) Positive
2) Negative
3) Zero
4) Positive, zero and negative


Q. Economists who introduced the notion of Human Capital are -
1) Schultz and Gary Becker
2) Marshall and Pigou
3) Hicks and Hansen
4) Stigler and Johnson


Q. Dead weight loss is equal to -
1) Producer's Surplus - Consumer's Surplus
2) Consumer's Surplus + Producer's Surplus
3) Marginal Revenue - Marginal Cost
4) Average Revenue + Average Cost


Q. Marshallian approach is popularly known as -
1) Cardinal utility approach
2) Ordinal utility approach
3) The modern utility approach
4) Indifference curve approach


Q. The sign of country's growth is -
1) More and more industries
2) Higher standard of living
3) Higher per capita income
4) More means of transport


Q. If the total production in an economy is produced by a few big firms then this market is known as -
1) Monopolistic competition
2) Oligopoly
3) Duopoly
4) Discriminating monopoly

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Answered By StudyChaCha Member