Q1. Which organization created a shared economy?

A) Association of Southeast Asian Nations

B) North American Free Trade Agreements

C) European Union

D) World Trade Organization

βœ” Correct Answer: European Union

View Explanation β†’

Q2. The international crisis in 2014 between Russia and Ukraine belongs to which of the following place ?

A) Abkhazia

B) Crimea

C) Keev

D) Georgia

βœ” Correct Answer: Crimea

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Q3. GNLF stands for

A) Gross National Liberation Form

B) Gorkha National Liberation Front

C) None of the above

D) Both option A and B

βœ” Correct Answer: Gorkha National Liberation Front

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Q4. In economics,"capital" refers to

A) the money in one's pocket

B) mineral resources

C) buildings and equipment

D) consumer goods

βœ” Correct Answer: buildings and equipment

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Q5. Since foundation of nobel prize awards has been added to the original five disciplines which were considered for award of Nobel Prize

A) Peace

B) Medicine

C) Economics

D) Literature

βœ” Correct Answer: Economics

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Q6. Currency of Peru is

A) Euro

B) Chilean Peso

C) Dollar

D) Sol

βœ” Correct Answer: Sol

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Q7. Which is India's Largest BPO (Business Process Outsourcing) Company?

A) Spectramind

B) Piogeon

C) None of these

D) Technovate

βœ” Correct Answer: Spectramind

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Q8. Which of the following is NOT a source of tax revenue collected by the Govt of India?

A) Excise Duty

B) Custom Duty

C) Dividends & Profits

D) Income Tax

βœ” Correct Answer: Dividends & Profits

View Explanation β†’

Q9. Who advocated the theory of laissez Faire

A) Malthus

B) Marshall

C) None of these

D) Adam smith

βœ” Correct Answer: Adam smith

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Q10. A group that has exclusive business rights and titles

A) Proprietorship

B) Corporation

C) Investment

D) Company

βœ” Correct Answer: Proprietorship

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Q11. "Gilt-edged" means ___________.

A) market of government securities

B) bullion market

C) market of pure metals

D) market of guns

βœ” Correct Answer: market of government securities

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Q12. Which of the following represents 'I' in the abbreviation IRDP

A) Indian

B) Integrated

C) Internal

D) Insurance

βœ” Correct Answer: Integrated

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Q13. Per Captain Income of a country derived from

A) Population

B) National Income

C) none of these

D) National Income and Population both

βœ” Correct Answer: National Income and Population both

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Q14. Corporation Tax is imposed by

A) State Government

B) Central Government

C) None

D) Local Government

βœ” Correct Answer: Central Government

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Q15. Which among the following pairs is mismatched?

A) Green Revolution – 1991

B) Electricity act – 2003

C) National policy on skill & development–2009

D) National Telecom policy – 2012

βœ” Correct Answer: Green Revolution – 1991

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Q16. What does NPP stand for

A) National Population Policy

B) Nonprofit Partnership

C) All the above

D) Nobel Peace Prize

βœ” Correct Answer: All the above

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Q17. Excise duty is a tax levied on the

A) Import of goods

B) Export of goods

C) Production of goods

D) sale of goods

βœ” Correct Answer: Production of goods

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Q18. The 2014-2015 interim budget implemented a subcharge of 10 percent on super-rich people who have having income above how much rupees in a financial year?

A) 1 Crore

B) 50 Lakhs

C) 3 Crore

D) 2 Crore

βœ” Correct Answer: 1 Crore

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Q19. Centralisation is said to exist if

A) Authority is shared with Managers at lower levels

B) Top Management retains most of the decision making authority

C) None of the above

D) Employees at all levels are allowed to take initiative in work related matters

βœ” Correct Answer: Top Management retains most of the decision making authority

View Explanation β†’

Q20. What is e-commerce?

A) Buying and selling products and services not found in stores

B) Buying and selling international goods

C) Buying and selling products having to do with computer

D) Buying and selling products and services over the internet

βœ” Correct Answer: Buying and selling products and services over the internet

View Explanation β†’

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