Globalisation and the Indian Economy Test

Result

Globalisation and the Indian Economy Test - 26

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Weekly Quiz Competition

Question 1
1 / -0

Main steps toward globalization does not include ________.

A
liberalization of imports

B
opening up of foreign capital

C
exchange rate adjustment

D
non convertibility of rupee
Question 2
1 / -0

Opening up the economy to the economies of the world so that Indian economy can compete at international level is called _____________.

A
liberalization

B
globalization

C
privatization

D
none of these
Question 3
1 / -0

Liberalization of trade means government has removed the tariff, subsidies and other restrictions on the flow of goods and services between _________.

A
cities

B
states

C
countries

D
continents

Solution

Liberalization of trade means government has removed tariff, subsidies and other restrictions on the flow of goods and services between the countries.
Question 4
1 / -0

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

Solution

The balance of payments (BOP) is a statement of all transactions made between entities in one country and the rest of the world over a defined period of time, such as a quarter or a year. The balance of payments tracks international transactions. When funds go into a country, a credit is added to the balance of payments (“BOP”). When funds leave a country, a deduction is made. For example, when a country exports 20 shiny red convertibles to another country, a credit is made in the balance of payments. Importance of Balance of Payments. As pointed out above, Balance of Payments is a very important record of financial transactions and status of any nation and its economy. It highlights the direction of economic growth or otherwise of any country and is a ground on which many important policy decisions are based.
Question 5
1 / -0

Duty Drawback Scheme is a normal export incentive given by all economies and is allowed under the trade provisions of the WTO. What is the rationale behind it?

A
As different economies specialise in different products, this equalises their differential effects on the world trade

B
Indirect taxes of the economies should not be allowed to get exported

C
As exporters earn precious foreign exchange for their economies

D
This is a declared bias in the provisions of the WTO and was among the reasons why the Doha Round of its talks got stuck
Question 6
1 / -0

What is correct about the 'Core Investment Companies' a term which in news recently ?

A
The Non banking Finance Companies, which invest in share for the purpose of owning a stake in a company, rather than for trading.

B
The foreign financial investors (FFIs), which eye the biggest portion of the company's stake while doing Institutional Investments.

C
Those foreign investment in share which are above Rs.1,000 crore at a time.

D
All foreign investments ins shares, which are made in the 'Core Industries'.

Solution

Core investment companies are non-banking financial companies (NBFCs) holding not less than 90% of their net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies. Core Investment CompaniesCore Investment Companies (CICs) are a specialized Non-Banking Financial Companies (NBFCs).A Core Investment Company registered with the RBI has an asset size of above Rs 100 crore.Their main business is acquisition of shares and securities with certain conditions.
Question 7
1 / -0

What proportion of the world's annual wealth output is concentrated in high-income countries?

A
15%

B
25%

C
50%

D
75%
Question 8
1 / -0

The provision under which a foreign company offers shares to its employees overseas is known as?

A
Consols

B
Disgorgement

C
ESOPs

D
FoB
Question 9
1 / -0

'Structural reform measures' was one of the two categories of measures announced by the Government to be taken under the process of economic reforms in India. These measures deal with-
1. redefining the role of state in the economy
2. attempting higher participation of private capital - Indian and foreign
3. Increasing aggregate supply in the economy.
Select the answer using the code given below.

A
$$1$$ and $$2$$

B
$$2$$ and $$3$$

C
$$1$$ and $$3$$

D
$$1, 2$$ and $$3$$
Question 10
1 / -0

Import procedure begins with

A
Indent

B
Mate's receipt

C
Marine insurance

D
Shipping bill

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Re-Attempt Weekly Quiz Competition

Globalisation and the Indian Economy Test - 26

Result

Globalisation and the Indian Economy Test - 26

Score

-

Rank

-

SHARING IS CARING

Question 1

liberalization of imports

opening up of foreign capital

exchange rate adjustment

non convertibility of rupee

Question 2

liberalization

globalization

privatization

none of these

Question 3

cities

states

countries

continents

Solution

Question 4

transactions in the flow of capital

transactions relating to receipts and payment of invisibles

transactions relating only to exports and imports

systematic record of all its economic transaction with the rest of the world

Solution

Question 5

As different economies specialise in different products, this equalises their differential effects on the world trade

Indirect taxes of the economies should not be allowed to get exported

As exporters earn precious foreign exchange for their economies

This is a declared bias in the provisions of the WTO and was among the reasons why the Doha Round of its talks got stuck

Question 6

The Non banking Finance Companies, which invest in share for the purpose of owning a stake in a company, rather than for trading.

The foreign financial investors (FFIs), which eye the biggest portion of the company's stake while doing Institutional Investments.

Those foreign investment in share which are above Rs.1,000 crore at a time.

All foreign investments ins shares, which are made in the 'Core Industries'.

Solution

Question 7

15%

25%

50%

75%

Question 8

Consols

Disgorgement

ESOPs

FoB

Question 9

$$1$$ and $$2$$

$$2$$ and $$3$$

$$1$$ and $$3$$

$$1, 2$$ and $$3$$

Question 10

Indent

Mate's receipt

Marine insurance

Shipping bill

User

Question Analysis

My Perfomance

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Rank

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