Business, Trade and Commerce Test 19

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Business, Trade and Commerce Test 19

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Weekly Quiz Competition

Question 1
1 / -0

Which of the following does not relate to the Banking Sector Reforms in 1991?

A
Introduction of Derivative Products

B
Restriction of credit for purchase of consumer durables

C
Liberalisation of principles governing Dividend Payments

D
Emphasis on transparency

Solution

Prior to 1991, credit purchases was not allowed in the consumer market but after the coming of new economic policies credit purchase on consumer durables were allowed as there was high competition in the market after the coming of foreign merchandise.
Question 2
1 / -0

Lowering of Import / Export Duty Rates, as part of the External Sector Reforms in 1991, relates to -

A
Exchange Rate Stabilisation

B
Rationalisation of Tariff Structure

C
Quantitative Restrictions

D
Foreign Direct Investment

Solution

As a part of globalization, the import rates and export duty rates were to be decreased so that there would be fair flow of goods between the domestic country and other countries as a result of which there will be rationalization of tariff structure.
Question 3
1 / -0

In India, Support to Exporters is available in the form of:

A
Duty and Tax Concessions

B
Export Finance

C
Export Promotion Marketing Assistance

D
All of the above

Solution

In India, the exporters get a lot of benefit as they complete in the international market with the foreign goods. There is tax concessions on many exported items, exported items get a separate marketing assistance at national level and there is export financial inclusion for many exporting firms who needs them.
Question 4
1 / -0

All of the following institutions promote/assist Export Trade. Identify the institution which does not.

A
The Trade Fair Authority

B
Indian Institute of Management

C
The Indian Institute of Foreign Trade

D
Commodity Boards

Solution

The Indian Institutes of Management are a group of 20 public, autonomous institutes of management education and research in India. They primarily offer postgraduate, doctoral and executive education programs for the students career.
Question 5
1 / -0

Which of the following were abolished as part of the External Sector Reforms in 1991?

A
Cash Compensatory Scheme

B
EXIM Scrip Scheme

C
Both (a) and (b)

D
Neither (a) nor (b)

Solution

Cash compensatory scheme was a scheme where foreign cash was allowed to be compensated on various means in the domestic territory and EXIM scrip scheme was the export and import assistance bank set up in India in 1981. These both schemes were abolished as a part of new economic reform globalisation and its fair conduct.
Question 6
1 / -0

Which of the following statements is true?

A
The services of a doctor are considered production

B
Man can create matter

C
The services of a housewife are considered production

D
When a man creates a table, he creates matter

Solution

The statement that the services of a doctor are considered production because he will be getting paid for his services. rest of the services are for own consumption.
Hence, option A is correct.
Question 7
1 / -0

Which of the following is an important ingredient of Selling Economies?

A
Advertising Economies

B
Inventory Economies

C
Transportation Economies

D
Storage Economies

Solution

Advertising Economies is an important ingredient of Selling Economies. Advertising helps to increase the sale of a product by encouraging buyers to buy more products or avail more services.
Question 8
1 / -0

Cross holding method of Disinvestment refers to ____________________.

A
Government selling part of its Shares in one PSU to other PSUs

B
Government selling Shares of PSUs to Public Sector Financial Institutions & Banks

C
Government's own Financial Institutions buying Government's stake in select PSU's and holding them until any third buyer emerges

D
None of the above

Solution

Cross holding method of Disinvestment refers to Government selling part of its Shares in one PSU to other PSUs.The term disinvestment is more popularly used where central/ state government sells its holdings of public sector companies.Disinvestment means selling of Public investment to a Private entrepreneur.Disinvestment of the public sector can be defined as a process of transferring the ownership of any enterprise from public to private sector.
Question 9
1 / -0

The term disinvestment is more popularly used ____________________________.

A
Where a holding company sells shares of a Subsidiaray company

B
Where an investment company off loads its holding

C
Where central / State government sells its holdings of public sector companies

D
None of the above

Solution

The term disinvestment is more popularly used where central/ state government sells its holdings of public sector companies.Disinvestment means selling of Public investment to a Private entrepreneur.Disinvestment of the public sector can be defined as a process of transferring the ownership of any enterprise from public to private sector.
Question 10
1 / -0

After the initial stages of increasing returns to scale, the Firm will experience ________________________.

A
Still Increasing Returns to Scale

B
Constant Returns to Scale

C
Diminishing Returns to Scale

D
None of the above

Solution

In economic terms, constant returns to scale is when a firm changes its inputs with the results being exactly the same change in outputs (production). In other words, if a firm increases its inputs they will see a proportional increase in production (or outputs).
The similar can be true if a firm decreases its inputs and that results in a proportional decrease in outputs. Constant returns to scale take place when increasing the number of inputs leads to an equivalent increase in the output.

Thus, the correct option is B.

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Re-Attempt Weekly Quiz Competition

Business, Trade and Commerce Test 19

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Business, Trade and Commerce Test 19

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SHARING IS CARING

Question 1

Introduction of Derivative Products

Restriction of credit for purchase of consumer durables

Liberalisation of principles governing Dividend Payments

Emphasis on transparency

Solution

Question 2

Exchange Rate Stabilisation

Rationalisation of Tariff Structure

Quantitative Restrictions

Foreign Direct Investment

Solution

Question 3

Duty and Tax Concessions

Export Finance

Export Promotion Marketing Assistance

All of the above

Solution

Question 4

The Trade Fair Authority

Indian Institute of Management

The Indian Institute of Foreign Trade

Commodity Boards

Solution

Question 5

Cash Compensatory Scheme

EXIM Scrip Scheme

Both (a) and (b)

Neither (a) nor (b)

Solution

Question 6

The services of a doctor are considered production

Man can create matter

The services of a housewife are considered production

When a man creates a table, he creates matter

Solution

Question 7

Advertising Economies

Inventory Economies

Transportation Economies

Storage Economies

Solution

Question 8

Government selling part of its Shares in one PSU to other PSUs

Government selling Shares of PSUs to Public Sector Financial Institutions & Banks

Government's own Financial Institutions buying Government's stake in select PSU's and holding them until any third buyer emerges

None of the above

Solution

Question 9

Where a holding company sells shares of a Subsidiaray company

Where an investment company off loads its holding

Where central / State government sells its holdings of public sector companies

None of the above

Solution

Question 10

Still Increasing Returns to Scale

Constant Returns to Scale

Diminishing Returns to Scale

None of the above

Solution

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