McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 101. |
The main source of foreign capital in India is |
| A. | Loans from abroad |
| B. | None |
| C. | Foreign direct investment |
| D. | Both A and C |
| Answer» D. Both A and C | |
| 102. |
In which among the following year the MRTP act become effective |
| A. | 1980 |
| B. | 1960 |
| C. | 1970 |
| D. | 1990 |
| Answer» C. 1970 | |
| 103. |
LQP raj refers to |
| A. | license, quota, Privatisation raj |
| B. | liberalisation, quota, permit raj |
| C. | license, quota, permit raj |
| D. | license, quarter, Privatisation raj |
| Answer» C. license, quota, permit raj | |
| 104. |
Which act was removed under NEP |
| A. | MRMP |
| B. | MDPE |
| C. | MRRP |
| D. | MRTP |
| Answer» D. MRTP | |
| 105. |
The NEP in 1991 was initiated by the |
| A. | Prime Minister |
| B. | Foreign Minister |
| C. | Home Minister |
| D. | Finance Minister |
| Answer» D. Finance Minister | |
| 106. |
There are three industries which are reserved for the public sector except |
| A. | Railway transport |
| B. | Atomic energy |
| C. | Defence equipment |
| D. | Electricity |
| Answer» D. Electricity | |
| 107. |
During the economic crisis, the World bank and IMF provided India a loan of |
| A. | 7 billion |
| B. | 5 billion |
| C. | 8 billion |
| D. | 6 billion |
| Answer» A. 7 billion | |
| 108. |
PSU is |
| A. | Producing sector undertaking |
| B. | None |
| C. | Public sector undertaking |
| D. | Private sector undertaking |
| Answer» C. Public sector undertaking | |
| 109. |
Selling off the share of public sector companies to the private individuals and institutions is known as |
| A. | Amendments |
| B. | Delicensing |
| C. | Dereservation |
| D. | Disinvestment |
| Answer» D. Disinvestment | |
| 110. |
The most urgent problem which prompted the introduction of the New Economic Policy in 1991 was |
| A. | Foreign exchange crisis |
| B. | All of these |
| C. | Poor performance of public sector |
| D. | High tax rate leading to tax evasion |
| Answer» B. All of these | |
| 111. |
Which programme was launched in 2006 with objective of correcting regional imbalances in provision of healthcare? |
| A. | Pradhan Mantri Swasthya Suraksha Yojna |
| B. | National Rural Health mission |
| C. | Janani Suraksha Yojna |
| D. | Integrated Disease Surveillance |
| Answer» A. Pradhan Mantri Swasthya Suraksha Yojna | |
| 112. |
All the support structures which facilitates development of a country constitute its (1) |
| A. | None |
| B. | Infrastructure |
| C. | Manufactures |
| D. | Construction |
| Answer» B. Infrastructure | |
| 113. |
Who gives the final approval to the five-year plans of India? |
| A. | National Development Council (NDC) |
| B. | Ministry of Finance |
| C. | Planning Commission (now NITI Aayog) |
| D. | President of India |
| Answer» A. National Development Council (NDC) | |
| 114. |
Which programme given the slogan of Garibi Hatao? |
| A. | 7th five-year plan |
| B. | 3rd five-year plan |
| C. | 6th five-year plan |
| D. | 5th five-year plan |
| Answer» D. 5th five-year plan | |
| 115. |
Consider the following statements about India’s energy mix: 1. Coal is the source of more than 50% energy needs. 2. Renewable sources of energy contribute more than 15% of energy requirements of India. Which of the statements given above is/are correct? |
| A. | 1`only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» C. Both 1 and 2 | |
| 116. |
Despite having large reserves of coal, why does India import millions of tonnes of coal? 1. It is the policy of India to save its own coal reserves for the future and import it from other countries for the present use. 2. Most of the power plants in India are coal based, and they are not able to get sufficient supplies of coal from within the country. 3. Steel companies need a large quantity of coking coal, which has to be imported. Which of the statements given above is/are correct? |
| A. | 1`only |
| B. | 2 and 3 only |
| C. | 1 and 3 only |
| D. | 1, 2, and 3 |
| Answer» B. 2 and 3 only | |
| 117. |
When was the first train streamed off in India? |
| A. | 1848 |
| B. | 1853 |
| C. | 1875 |
| D. | 1880 |
| Answer» B. 1853 | |
| 118. |
Which of the following produces maximum crude petroleum in India at present? |
| A. | Assam |
| B. | Gujarat |
| C. | Off-shore BOMBAY High |
| D. | Coastal Tamil Nadu |
| Answer» C. Off-shore BOMBAY High | |
| 119. |
Which one of the following is an abiotic and renewable resource? |
| A. | iron ore |
| B. | livestock |
| C. | water |
| D. | forest |
| Answer» C. water | |
| 120. |
Which kind of power accounts for the largest share of power generation of India? |
| A. | hydro-electricity |
| B. | thermal |
| C. | nuclear |
| D. | solar |
| Answer» B. thermal | |
| 121. |
Which one of the following is the oldest oil refinery in India? |
| A. | Digboi |
| B. | Koyali |
| C. | Haldia |
| D. | Mathura |
| Answer» A. Digboi | |
| 122. |
The oil and natural gas commission was set up in? |
| A. | 1956 |
| B. | 1959 |
| C. | 1961 |
| D. | 1965 |
| Answer» D. 1965 | |
| 123. |
The conventional source of energy are |
| A. | Non- Commercial |
| B. | Commercial Source |
| C. | Both |
| D. | None |
| Answer» C. Both | |
| 124. |
The word ‘Health’ means |
| A. | Ability to realize one’s potential |
| B. | Absence of disease |
| C. | Both |
| D. | None |
| Answer» C. Both | |
| 125. |
What is the FDI allowed for Urban Infrastructure? |
| A. | 49 |
| B. | 100 |
| C. | 75 |
| D. | 51 |
| Answer» B. 100 | |
| 126. |
What is the rank of the construction sector in employment generation? |
| A. | 2nd |
| B. | 1st |
| C. | 4th |
| D. | 5th |
| Answer» A. 2nd | |
| 127. |
Which of the following is not in the infrastructure sector? |
| A. | Power generation |
| B. | National highways |
| C. | Food Production |
| D. | Railways |
| Answer» C. Food Production | |
| 128. |
Which of the following is/are comes under Economic Infrastructure? |
| A. | Transport |
| B. | Communication |
| C. | Irrigation and Power |
| D. | All the above |
| Answer» D. All the above | |
| 129. |
Which of the following is true: A Economic infrastructure means those basic facilities B. services which directly benefit the process of production and distribution of an economy |
| A. | . A only |
| B. | . B only |
| C. | . both A and B |
| D. | . neither A nor B |
| Answer» C. . both A and B | |
| 130. |
Which of the following is true: A. Development of sufficient and quality infrastructure helps in economic development by facilitating production and investment in any economy. B. shortage of these facilities in underdeveloped countries is the main cause of less economic development |
| A. | A only |
| B. | B only |
| C. | both A and B |
| D. | neither A nor B |
| Answer» C. both A and B | |
| 131. |
Which of the following resulted from the Great Depression? |
| A. | Increased trade barriers and devalued currencies. |
| B. | A stable exchange rate system. |
| C. | Free international capital flows. |
| D. | None of the options given is correct. |
| Answer» A. Increased trade barriers and devalued currencies. | |
| 132. |
What is the main role of the IMF? |
| A. | To ensure a stable exchange rate regime and provide emergency assistance to countries facing crises in balance of payments. |
| B. | To be a forum for trade and liberalization. |
| C. | To assist countries in development. |
| D. | To facilitate private investment around the world. |
| Answer» A. To ensure a stable exchange rate regime and provide emergency assistance to countries facing crises in balance of payments. | |
| 133. |
What is the main role of the World Bank? |
| A. | To be a forum for trade and liberalization. |
| B. | To assist countries in development. |
| C. | To facilitate private investment around the wor |
| Answer» B. To assist countries in development. | |
| 134. |
What is meant by the 'Washington Consensus'? |
| A. | The consensus in Washington about matters of foreign policy. |
| B. | The ten-point guideline to liberal economic reform for development around the world. |
| C. | The ten-point guideline for economic growth in Europe. |
| D. | The ten-point neo-liberal guideline for progress in the US. |
| Answer» B. The ten-point guideline to liberal economic reform for development around the world. | |
| 135. |
Why do states undertake protectionist measures? |
| A. | To assist private investment. |
| B. | To keep competitive foreign goods from flooding the market. |
| C. | To keep stable exchange rates. |
| D. | All of the options given are correct. |
| Answer» B. To keep competitive foreign goods from flooding the market. | |
| 136. |
What does structural adjustment involve? |
| A. | Measures to reduce inflation. |
| B. | Measures to curb government expenditure. |
| C. | Deregulation. |
| D. | All of the options given are correct |
| Answer» D. All of the options given are correct | |
| 137. |
What is the mercantilist view of IPE? |
| A. | The world economy is where states seek to maximize their wealth and independence relative to other states. |
| B. | The world economy is an arena of capitalist competition in which social groups are always in conflict. |
| C. | Free trade and free movement of capital shape the policies of governments and economic actors. |
| D. | None of the options given are correct. |
| Answer» A. The world economy is where states seek to maximize their wealth and independence relative to other states. | |
| 138. |
What is Dependency Theory? |
| A. | Economic activity in the richer countries often leads to serious economic problems in the poorer countries. |
| B. | Economic development of poorer countries is positively dependent on economic growth of richer countries. |
| C. | Economic growth is beneficial to all. |
| D. | None of the options given are correct. |
| Answer» A. Economic activity in the richer countries often leads to serious economic problems in the poorer countries. | |
| 139. |
The constructivist approach pays attention to what? |
| A. | The rational actor. |
| B. | How rational choice can be applied to constructing social groups. |
| C. | How actors construct their interests within a structure of ideas, culture, and |
| D. | How states and other actors construct their preferences, highlighting the role of identities, beliefs, tradition, and values. |
| Answer» D. How states and other actors construct their preferences, highlighting the role of identities, beliefs, tradition, and values. | |
| 140. |
Under what conditions will states create international institutions? |
| A. | For mutual gains. |
| B. | Only where position relative to other states is not affected. |
| C. | They arise as reflections of identities and interest of states and groups which are themselves forged through interactions. |
| D. | Depends on the school of thought. |
| Answer» D. Depends on the school of thought. | |
| 141. |
Amalgamation and rapid unification between countries can be identified as |
| A. | Globalisation |
| B. | Liberalisation |
| C. | Socialisation |
| D. | Privatisation |
| Answer» A. Globalisation | |
| 142. |
Globalisation has improved in the living structure of |
| A. | All the people |
| B. | Workers in developing countries |
| C. | People in developed countries |
| D. | None of the above. |
| Answer» B. Workers in developing countries | |
| 143. |
Which Indian industries have been hit by globalisation? |
| A. | Cement |
| B. | Jute |
| C. | Toy making |
| D. | Information Technology (IT) |
| Answer» C. Toy making | |
| 144. |
Which organisations strain on the liberalisation of foreign investment and foreign trade? |
| A. | International Monetary Fund |
| B. | World Health Organisation |
| C. | World Trade Organisation |
| D. | International Labour Organisation |
| Answer» C. World Trade Organisation | |
| 145. |
Tax on imports can be treated as |
| A. | Collateral |
| B. | Trade Barriers |
| C. | Foreign Trade |
| D. | Terms of Trade |
| Answer» B. Trade Barriers | |
| 146. |
The main reason behind MNCs investments are |
| A. | To benefit foreign countries |
| B. | To provide financial support to the country’s government |
| C. | For the welfare of underprivileged people. |
| D. | To increase the assets and earn profits. |
| Answer» D. To increase the assets and earn profits. | |
| 147. |
Which institute supports investments and foreign trade in India? |
| A. | International Monetary Fund (IMF) |
| B. | World Trade Organisation (WTO) |
| C. | World Bank |
| D. | International Labour Organisation (ILO) |
| Answer» B. World Trade Organisation (WTO) | |
| 148. |
When did the government remove the barriers for investment and investment in India? |
| A. | 1990 |
| B. | 1991 |
| C. | 1992 |
| D. | 1993 |
| Answer» B. 1991 | |
| 149. |
Which of the following is referred to as the predecessor to WTO? |
| A. | GATT |
| B. | OPEC |
| C. | World Bank |
| D. | IMF |
| Answer» A. GATT | |
| 150. |
Hyperglobalization is a process of globalization which — |
| A. | emphasizes the rise of regionalism |
| B. | emphasizes the rise of the TNC and decline of the nation state |
| C. | emphasizes the rise of nation states |
| D. | emphasizes the decline of the TNC |
| Answer» B. emphasizes the rise of the TNC and decline of the nation state | |
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