Take the Quiz - Timed General Knowledge Challenge | GK Mania

1 What is a non-compete agreement?

A) contract preventing

B) A lease

C) A sales contract

D) A partnership agreement

2 Who wrote 'The Wealth of Nations'?

A) Karl Marx

B) Adam Smith

C) John Maynard Keynes

D) Milton Friedman

3 What is an oligopoly?

A) A market with perfect competition

B) A government-run market

C) A market with one seller

D) market dominated by a small number

4 What economic concept measures the additional benefit of one more unit?

A) Total utility

B) Diminishing returns

C) Average utility

D) Marginal utility

5 What is a customer?

A) Someone who

B) A manager

C) A supplier

D) An employee

6 What is a venture capitalist?

A) investor who provides

B) A government official

C) A stockbroker

D) A commercial banker

7 What is outsourcing?

A) Hiring more internal employees

B) Closing a business

C) Expanding to new locations

D) Hiring external parties to

8 What is the term for two consecutive quarters of negative GDP growth?

A) Recession

B) Deflation

C) Stagflation

D) Depression

9 What is the World Trade Organization?

A) A central bank

B) international body

C) A military alliance

D) A stock exchange

10 What does an accountant do?

A) Treats patients

B) Designs buildings

C) Writes software

D) Manages financial

11 What is an asset?

A) A type of debt

B) A tax payment

C) An expense

D) Something of

12 What is marketing?

A) Shipping goods

B) Hiring staff

C) Promoting products

D) Building products

13 What is a market?

A) A bank office

B) A tax center

C) A stock fund

D) Where buyers

14 What is the Sharpe ratio?

A) A musical term

B) A fitness metric

C) measure of

D) A knife sharpness test

15 What is inflation?

A) A rise in unemployment

B) general increase in prices and

C) A decrease in prices

D) An increase in currency value

Quiz