Question - 1
What is the full form of EPCG stands?
Export Promotion Capital Goods.
Expert Programme for Credit Generation.
Exchange Programme for Consumer Goods.
Export Promotion Consumer Goods.
Answer- A
Question - 2
Foreign Import Export Organisation.
Federation of Import Export Organisation.
Forum of Indian Export Organisation.
Federation of Indian Export Organisation
Answer- D
Question - 3
The FRBMA, 2003 emphasizes on?
Revenue-led fiscal consolidation.
Better expenditure outcomes.
Rationalisation of tax regime.
All of the above
Answer- D
Question - 4
The economic reforms have failed to?
Keep fiscal deficits to the targeted levels.
Fully implement industrial deregulation.
All the sectors of economy are opened for foreign investment
All of the above
Answer- D
Question - 5
Obtaining of Industrial License is compulsory for all of the below sectors except?
Clothes
Specified Hazardous chemicals
Electronic aerospace
Cigarettes of tobacco
Answer- A
Question - 6
Before financial reforms, the banking system has all characteristics except?
Administered interest rates structure
Quantitative restrictions on credit flow
High revenue requirements.
Keeping very less lendable resources for the priority sector.
Answer- D
Question - 7
What refers to the relaxation of previous government restrictions?
Privatisation
Globalisation
Liberalisation
Disinvestment
Answer- C
Question - 8
Pre-condition for privatization to be successful requires?
Liberalisation and de-regulation of the economy.
Capital markets should be sufficiently developed
None of the above.
(a) & (b) both.
Answer- D
Question - 9
What refers to the transfer of assets or service functions from the public to private ownership.?
Globalisation
Privatisation
Disinvestment
Liberalisation
Answer- B
Question - 10
What refers to the sale of the public sector’s units inequity in the market?
Globalisation
Privatisation
Disinvestment
Liberalisation
Answer- C
Question - 11
Socialistic economy
Gandhian economy
Mixed economy
Free economy
Answer- C
Question - 12
The most important source of capital formation in India has been?
Household savings
Public sector savings
Government revenue surpluses
Corporate savings
Answer- A
Question - 13
In India, the Public Sector is most dominant in?
transport
steel production
commercial banking
organised term lending financial institutions
Answer- C
Question - 14
Goa’s economy is mainly based on?
tourism
export of ores
agriculture
none of these
Answer- B
Question - 15
India’s wage policy is based on?
cost of living
standard of living
productivity
none of the above
Answer- A
Question - 16
The modern economy is not characterized by?
capital intensive mode of production
development of money economy
production for market
self-sufficient village system
Answer- D
Question - 17
Which of the following is not a direct tax?
Wealth Tax
Estate Tax
Income Tax
Sales Tax
Answer- D
Question - 18
Fiscal Policy is connected with?
Issue of currency
exports and imports
public revenue and expenditure
None of these
Answer- C
Question - 19
The income tax in India is?
indirect and progressive
direct and proportional
direct and progressive
indirect and proportional
Answer- C
Question - 20
The largest revenue in India is obtained from?
Sales tax
Direct tax
Excise duties
None of the above
Answer- C
Practice more set questions
