Business, Trade and Commerce Test 21

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Business, Trade and Commerce Test 21

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Weekly Quiz Competition

Question 1
1 / -0

Disinvestment Process in India is criticized on the following grounds ________________.

A
Lack of Proper Planning

B
Privatisation of Profit-making PSUs only

C
Failure to meet Budget Targets

D
All of the above

Solution

Disinvestment Process in India is criticized on the following grounds :-a) Lack of Proper Planning b) Privatization of Profit-making PSUs only
c) Failure to meet Budget Targets
Disinvestment can be defined as a process of transferring the ownership of an enterprise from public sector to the private sector of the economy.
Question 2
1 / -0

In India, the three major objectives of economic policy are growth, social justice and price stability. Which of the above objectives can be pursued most effectively by the monetary authorities of the country?

A
Growth

B
Social Justice

C
Price Stability

D
None of the above

Solution

In India, the three major objectives of economic policy are growth, social justice and price stability. Social Justice can be pursued most effectively by the monetary authorities of the country. Social justice can be defined which is an ideal situation where everone gets equal treatment; any sort of dicimination is not applicable.
Question 3
1 / -0

Which of the following statement is correct?

A
Supply of land is perfectly elastic

B
Fertility of land cannot change

C
Land does not yield any result unless human efforts are employed

D
Supply of land can be increased

Solution

Land does not yield (product) anything, unless human efforts are employed is correct statement.
Question 4
1 / -0

Quantitative measures to control credit are also called _____________.

A
General Measures

B
Selective Methods

C
Both (a) and (b)

D
Neither (a) nor (b)

Solution

Quantitative or the traditional method of credit control comprises of bank rate policy, open market operations and variable reserve ratio. Qualitative or selective methods of credit control include directive of margin requirement, credit rationing, regulation of consumer credit and direct action.
The correct option is A.
Question 5
1 / -0

Which of the following methods cannot be used as an instrument of Quantitative Control of credit by the Central Bank?

A
Bank Rate Policy

B
Open Market Operations

C
Change in Margin Requirements

D
Changes in Reserve Requirements

Solution

Change in margin requirements cannot be used as an instrument of Quantitative Control of credit by the Central Bank. Change in margin requirement is used as an instrument of Qualitative control of credit. The margin requirement refers to the difference between the current value of the security offered for loan and the value of loan granted.
Question 6
1 / -0

In India, in which of the following, Foreign Direct Investment (FDI) is not allowed?

A
Drugs and Pharmaceuticals

B
Electricity Generation

C
Defence

D
Rail Transport

Solution

In India, in Rail Transport, Foreign Direct Investment (FDI) is not allowed. In the railway sector FDI is not permitted by the Government of India. Railway sector is completely owned, managed and controlled by the Indian Government.
Question 7
1 / -0

All of the following developments were noticed during $$1991$$(when economic reforms were enforced), except _________.

A
national debt was nearly $$60$$ per cent of the GNP of India

B
inflation crossed double digits

C
foreign reserves were maintained at a very high level

D
none of the above

Solution

When economic reforms were enforced foreign reserves available were just sufficient to finance imports of three weeks.
Question 8
1 / -0

Net domestic expenditure is consumption expenditure plus _____________.

A
net foreign investment

B
net foreign investment plus net domestic investment

C
net domestic investment

D
replacement expenditure

Solution

Net domestic expenditure refers to the net expenditure incurred during a given period of time within an economy. It can be measured as consumption expenditure plus net domestic investment.
Question 9
1 / -0

The share of tertiary sector in India's GDP in (2011-12) is _____________.

A
Around 46%

B
Around 42%

C
Around 74%

D
None of the above

Solution

The tertiary sector contributed to about 46.3% of the Indian GDP in the year 2011-2012.
Question 10
1 / -0

Which of the following is not a quantitative method of credit control __________________.

A
Bank Rate policy

B
Open market operations

C
The Repo Rate

D
Consumer credit regulation

Solution

Quantitative or traditional methods of credit control consist of banks rate policy, open market operations and variable reserve ratio. Qualitative or selective methods of credit control consist of the guideline of margin requirement, credit rationing, regulation of customer credit and direct action.
Quantitative controls are planned to control the volume of credit created by the banking system qualitative measures or selective methods are intended to regulate the flow of credit in specific uses.
The correct option is D.

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Re-Attempt Weekly Quiz Competition

Business, Trade and Commerce Test 21

Result

Business, Trade and Commerce Test 21

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Rank

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SHARING IS CARING

Question 1

Lack of Proper Planning

Privatisation of Profit-making PSUs only

Failure to meet Budget Targets

All of the above

Solution

Question 2

Growth

Social Justice

Price Stability

None of the above

Solution

Question 3

Supply of land is perfectly elastic

Fertility of land cannot change

Land does not yield any result unless human efforts are employed

Supply of land can be increased

Solution

Question 4

General Measures

Selective Methods

Both (a) and (b)

Neither (a) nor (b)

Solution

Question 5

Bank Rate Policy

Open Market Operations

Change in Margin Requirements

Changes in Reserve Requirements

Solution

Question 6

Drugs and Pharmaceuticals

Electricity Generation

Defence

Rail Transport

Solution

Question 7

national debt was nearly $$60$$ per cent of the GNP of India

inflation crossed double digits

foreign reserves were maintained at a very high level

none of the above

Solution

Question 8

net foreign investment

net foreign investment plus net domestic investment

net domestic investment

replacement expenditure

Solution

Question 9

Around 46%

Around 42%

Around 74%

None of the above

Solution

Question 10

Bank Rate policy

Open market operations

The Repo Rate

Consumer credit regulation

Solution

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