Practice Quiz set 4 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) ‘World Investment Report’ is the annual report published by the International institution
(a)
(b)
(c)
(d)
‘World Investment Report’ is the annual report published by the UNCTAD. Each year the report covers the latest trends in foreign direct investment around the world and analyses in depth one selected topic related to foreign direct investment and development.
Q-2) Consider the following statements : - National Thermal Power Corporation has diversified into hydropower sector.
- Power Grid Corporation of India has diversified into telecom sector.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
In order to give impetus to hydro power growth in the country and to have a balanced portfolio of power generation, NTPC entered hydro power business with the 800 MW Koldam hydro project in Himachal Pradesh. Two more projects have also been taken up in Uttarakhand.
Q-3) FEMA (Foreign Exchange Management Act) was finally implemented in the year
(a)
(b)
(c)
(d)
FEMA (Foreign Exchange Management Act) was finally implemented in the year 2002 to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India”.
It replaced Foreign Exchange Regulation Act (FERA)
Q-4) Over how many years periodic review of the “Miniratna” & “Navratna” status of public enterprises on the basis of their performance?
(a)
(b)
(c)
(d)
Q-5) Consider the following sectors of the Indian economy with respect to share of employment. - Agriculture sector
- Industrial sector
- Services sector
Arrange these sectors from highest to lowest in terms of employment and select the correct answer using the codes given below :
(a)
(b)
(c)
(d)
In Indian economy the sectors from highest to lowest in terms of employment are agriculture sector around 50%, service sector around 35% and Industrial sector.
Q-6) Consider the following factors: - High Investment in industries
- Expanding market for product
- Dynamic entrepreneurship
Which of the above are required for accelerated growth of an economy ?
(a)
(b)
(c)
(d)
Q-7) With reference to India, consider the following statements
- WPI is available on a monthly basis only.
- As compare to Consumer Price Index for the Industrial Worker (CPI-IW), the WPI gives less weightage to food articles.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
This rise in wholesale food prices was not captured by WPI as the weightage for food articles is just 14.3% compared to 65% for manufactured products in this index.
On the other hand, the weightage for food is 57% in CPI items which captures the impact of food prices better. Further, wholesale prices do not take into account the substantial margins at the retail level, which tend to rise when there are shortages.
Q-8) Consider the following statements :
- MMTC limited is India’s largest international trading organisation.
- Neelanchal Ispat Nigam Limited has been set up by MMTC jointly with the government of Odisha.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
MMTC Ltd., Metals and Minerals Trading Corporation of India, is one of the two highest earners of foreign exchange for India and India’s largest public-sector trading body.
Neelachal Ispat Nigam Limited (NINL), is a company promoted by MMTC Ltd, Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL).
Q-9) Consider the following statements :
- Small Industry Development Bank of India (SIDBI) was set up as a whole owned subsidiary of the RBI.
- SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Small Industries Development Bank of India is a non-independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises.
It was incorporated initially as a wholly-owned subsidiary of the Industrial Development Bank of India.
SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.
Q-10) Consider the following statements about Competition Commission of India.
- Competition Commission of India (CCI) was established with effect from 14th october 2003.
- The goal is to combat the monopoly tendencies and faster the competition among public sector enterprises.
- CCI (Competition Commission of India) consists of a chairperson and 6 members appointed by the central government.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Competition Commission of India is a body of the government of India responsible for enforcing the Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India. It was established on 14 October 2003.
The goal is to combat the monopoly tendencies and faster the competition among public sector enterprises. CCI (Competition Commission of India) consists of a chairperson and 6 members appointed by the central government.