introduction to indian economy section 10 MCQ Questions & Answers Detailed Explanation

Answer: (a)

Navratna was the title given originally to nine Public Sector Enterprises (PSEs) identified by the Government of India in 1997 as "public sector companies that have comparative advantages", giving them greater autonomy to compete in the global market so as to "support [them] in their drive to become global giants".

Life Insurance Corporation has not been conferred this status.

Answer: (b)

The Reserve Bank of India granted the status of Qualified Central Counterparty to Clearing Corporation of India Ltd. (CCIL).

QCCP status means that CCIL now adheres to the principles for Financial Market Infrastructure an international standard to handle counterparty risk on derivatives.

Answer: (d)

Planning and control are two basic and interrelated managerial functions. They are so interrelated that they can be and often are considered as being one function.

Planning is the preparation activity while control is the post-operation function. Both of them are so closely related that they are treated as Siamese twins.

Planning sets the objectives, goals, targets on the basis of available resources with their given constraints. Control is an integral part of effective planning.

Similarly, control involves assessment of the performance, such assessment can be made effective only when some standards are set in advance.

Answer: (b)

The Ganga Action Plan was launched by Rajiv Gandhi in April 1986 to reduce the pollution load on the river .

Answer: (b)

A progressive tax is a tax in which the tax rate increases as the taxable base amount increases Regarding progressive tax, marginal tax rate should be increasing and it should be more than average tax rate.

Answer: (b)

Companies having a net worth of at least Rs. 500 crore or having a minimum turnover of Rs. 1,000 crore or those with at least net profit of Rs. 5 crores, have to make CSR spend.