McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Bachelor of Arts (BA) , Bachelor of Arts in Economics (BA Economics) , Union Public Service Commission (UPSC) .
Chapters
| 51. |
Which of the following sectors does not come under tertiary sector? |
| A. | Transport |
| B. | Trade |
| C. | Business Services |
| D. | Electricity |
| Answer» D. Electricity | |
| 52. |
Which of the following committees was assigned to recommend reforms in the insurance sector? |
| A. | Rekhi Committee |
| B. | Nadkarni Committee |
| C. | Malhotra Committee |
| D. | Chelliah Committee |
| Answer» C. Malhotra Committee | |
| 53. |
Consider the following statements: [IAS 2004]
|
| A. | 1 only |
| B. | 2 only |
| C. | both 1 and 2 |
| D. | neither 1 nor 2 |
| Answer» A. 1 only | |
| 54. |
Whenever newspapers talk about the performance of core industries, which of the following is NOT considered among them? [Bank of India PO 2010] |
| A. | Petroleum |
| B. | Automobile |
| C. | Mining |
| D. | Steel |
| Answer» C. Mining | |
| 55. |
Which one of the following pairs is not correctly matched? [CDS 2008] |
| A. | Hindalco Industries - Novelis |
| B. | Tata Steel - Corus Group |
| C. | Jet Airways - Air Sahara |
| D. | Kingfisher Airlines - MDLR Airlines |
| Answer» D. Kingfisher Airlines - MDLR Airlines | |
| 56. |
Which institution provides long run finance to industries? |
| A. | UTI |
| B. | LIC |
| C. | GIC |
| D. | All of these |
| Answer» D. All of these | |
| 57. |
One of the main factors that led to rapid expansion of Indian exports is : |
| A. | liberalisation of the economy |
| B. | diversification of exports |
| C. | imposition of import duties |
| D. | recession in other countries |
| Answer» A. liberalisation of the economy | |
| 58. |
The main argument advanced in favour of small scale and cottage industries in India is that: |
| A. | cost of production is low |
| B. | they require small capital investment |
| C. | they advance the goal of equitable distribution of wealth |
| D. | they generate a large volume of employment |
| Answer» D. they generate a large volume of employment | |
| 59. |
Present Industrial policy in India aims at : |
| A. | promoting the private sector units |
| B. | increasing the production of public sector units |
| C. | accelerating the performance of mixed economy |
| D. | discourage the performance of the private sector |
| Answer» C. accelerating the performance of mixed economy | |
| 60. |
When does the problem of unfavourable balance of payment arise? |
| A. | When exports decrease |
| B. | When exports increase |
| C. | When imports increase |
| D. | When imports are greater than exports |
| Answer» D. When imports are greater than exports | |
| 61. |
The difference between visible exports and visible imports is defined as [Corporation Bank PO 2011] |
| A. | Balance of trade |
| B. | Balance of payment |
| C. | Balanced terms of trade |
| D. | Gains from trade |
| Answer» A. Balance of trade | |
| 62. |
Which of the following was formed to suggest means for eradicating black money? [I. Tax 1992] |
| A. | Finance Commission |
| B. | Sarkaria Commission |
| C. | Shah Commission |
| D. | Chelliah Committee |
| Answer» D. Chelliah Committee | |
| 63. |
BoP (Balance of Payment) refers to : |
| A. | transactions in the flow of capital |
| B. | transactions relating to receipts and payment of invisibles |
| C. | transactions relating only to exports and imports |
| D. | systematic record of all its economic transaction with the rest of the world |
| Answer» D. systematic record of all its economic transaction with the rest of the world | |
| 64. |
Mashelkar Committee was constituted to report on : |
| A. | economic policy |
| B. | constitutional changes |
| C. | black money |
| D. | auto fuel policy |
| Answer» D. auto fuel policy | |
| 65. |
Which of the statements given above is/are correct? [CDS 2008]
|
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» A. 1 only | |
| 66. |
New exim policy has choosen a town for the pottery export : |
| A. | Panipat |
| B. | Moradabad |
| C. | Khurja |
| D. | Agra |
| Answer» C. Khurja | |
| 67. |
A country is said to be in a debt trap if: [IAS 2002] |
| A. | it has to abide by the conditionalities imposed by the International Monetary Fund |
| B. | it has to borrow to make interest payments on outstanding loans |
| C. | it has been refused loans or aid by creditors abroad |
| D. | the World Bank charges a very high rate of interest on outstanding as well as new loans |
| Answer» B. it has to borrow to make interest payments on outstanding loans | |
| 68. |
'Dumping' in the context of international trade refers to : [CDS 2000] |
| A. | exporting goods at prices below the actual cost of production |
| B. | exporting goods without paying the appropriate taxes in the receiving country |
| C. | exporting goods of inferior quality |
| D. | exporting goods only to re-import them at cheaper rates |
| Answer» A. exporting goods at prices below the actual cost of production | |
| 69. |
The exports of India: |
| A. | are confined to a few items |
| B. | are spread over several commodity groups |
| C. | have not shown much of a change since 1960-61 |
| D. | comprise mainly of agro-based products |
| Answer» B. are spread over several commodity groups | |
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