ECO SEM V
Important Objectives
1) The fiscal crisis faced by the Indian economy in 1990s was caused primarily by _____
(a) Widening gap between imports and exports
(b) Difference between savings and
investments
(c)
Widening gap between government expenditure and revenue
(d) Difference between aggregate demand and
aggregate supply
2)
_______ of the following factors was one of the
primary causes of the balance of
payments crisis in 1991
(a) Low rate of inflation
(b) Surplus budget
(c) High interest rate
(d)
Rising oil price and poor remittances
3)
________ of the following sentences would best
describe the Indian economy in
1990-91
(a)
High inflation, low foreign exchange reserves
(b) Low inflation, low foreign exchange
reserves
(c) Huge current account deficit, fiscal
surplus
(d) Current account surplus, huge fiscal
deficit
4)
One of the measures adopted to control inflation
in 1990-91 was _______
(a) Lowering of CRR and SLR
(b) Lowering of bank rate
(c)
Raising CRR and SLR
(d) Restricting imports of essential
commodities
5) _________ of the following measures did not form a part of fiscal correction in 1991.
(a) Increasing tax collection
(b) Cutting down subsidies
(c) Reducing budgetary support to public
enterprises
(d)
Raising tax rates
6)
_____ of the following measures was implemented
by the government in order to
reduce current account deficit.
(a) Revaluation of the rupee
(b) Strict exchange control
(c)
Devaluation of the rupee
(d) Import restrictions were increased
7)
Structural reforms are _____
(a) Long-term measures
(b) Improve the supply side of the economy
(c) Remove growth bottlenecks
(d)
All the above
8)
___ of the following was not a feature of the
New Industrial Policy 1991
(a) Abolition of Industrial licensing
(b)
Setting up of new public sector enterprises
(c) Permitted foreign investment
(d) Removal of MRTP limit
9)
One of the policies adopted to make public
sector more efficient was _______
(a)
Raising fresh equity from the market
(b) Increasing government’s shareholding in
Public enterprises
(c) Maintaining public sector monopoly
(d) Increasing operational control on public
enterprises by the government
10)
______ of the following is an important banking
sector reform introduced in 1991
(a) Raising SLR and CRR
(b) RBI determined interest rates
(c)
Introduction of prudential norms
(d) None of the above
11)
Capital market reform includes ______
(a)
Setting up of SEBI
(b) Special recovery tribunals
(c) Introduction of capital adequacy norms
(d) Deregulation of interest rates
12)
Liberalization policy was announced on –––––––
(a) 24th
July 1991
(b) 1st January, 1991
(c) 1st April, 1991
(d) None of above
13) _______
of the following is true of social infrastructure
(a) It includes the education and health
network
(b) It is aimed at improving quality of life
(c) It is an investment in human capital
(d)
All the above
14) ____
of the following is not true of the Right to Education Act
(a) Free education to all children between 6
and 14 years
(b) It was enacted in 2009
(c) It
is an adult literacy programme
(d) It is aimed at providing quality
elementary education
15) The
scheme for providing residential schools as elementary level for girls is ____
(a) National Programme for Education of Girls
at Elementary Level
(b) Model Schools Scheme
(c) Rashtriya Madhyamik Shiksha Abhiyan
(d)
Kasturba Gandhi Balika Vidyalaya
16) The
scheme for improving access to secondary education is _____
(a) National Programme for Education of Girls
at Elementary Level
(b) Model Schools Scheme
(c)
Rashtriya Madhyamik Shiksha Abhiyan
(d) Kasturba Gandhi Balika Vidyalaya
17) Community
Health Centres are located at the ________ level of public health
infrastructure.
(a) Primary
(b)
Secondary
(c) Tertiary
(d) None of the above
18) AIIMS
are at the ________ level of public health infrastructure.
(a) Primary
(b) Secondary
(c)
Tertiary
(d) None of the above
19) The
________ provides a reference point for the functioning of the public health
centres.
(a)
Indian Public Health Standards
(b) Indian Public Health Guidelines
(c) India Public Health Manual
(d) Indian Public Health Rules
20) ______
of the following is a programme aimed at controlling the spread of
communicate diseases.
(a) National Oral Health Programme
(b) National Mental Health Programme
(c)
National TB Control Programme
(d) National Programme for Prevention and
Control of Deafness
21) Rashtriya
Swasthya Bima Yojana Provides health insurance Coverage to _____
(a)
Workers in the unorganized sector
(b) Workers in the organized sector
(c) The entire population
(d) Only women and
children
22) Social
infrastructure refers to –––––––––––
(a)
Education
(b) Agriculture
(c) Real estate
(d) Manufacturing
23) –––––––––––
is related to girls education.
(a)
Beti Padhao, Beti Bachao
(b) Sarva Shiksha Abhiyan
(c) RUSA
(d) None of the above
24) Social
infrastructure does not include –––––––––––
(a) Education
(b)
Agriculture
(c) Family welfare
(d) None of the above
25) _____
of the following statements best describes economic development
(a) It always accompanies economic growth
(b) It indicates the increase in GDP
(c) It
is reflected in the quality of life of the people
(d) It is a quantitative concept
26) _____
of the following is not included in UNDP’s HDI composite
(a)
Culture
(b) Education
(c) Health
(d) Standard of living
27) Sustainable
development includes _____ of the following
(a) Economic development
(b) Social development
(c) Environmental development
(d)
All the above
28) ________
is responsible for coordinating the SDGs in India.
(a) Planning Commission
(b) Ministry of Human Resource Development
(c)
NITI Aayog
(d) Ministry of Finance
29) ________
is an initiative to make India a manufacturing hub.
(a) Skill India
(b) NIT Aayog
(c) Invest India
(d)
Make in India
30) The scheme for skill training of youth to be implemented through the National Skill
Development Corporation is _______
(a) National Skill Development Mission
(b)
Pradhan Mantri Kaushal Vikas Yojana
(c) Skill Loan Scheme
(d) All the above
31) ________
of the following statements best defines FDI.
(a) Buying shares of companies in a foreign country without
gaining control over management
(b) Loans multilateral institutions like IMF
and World Bank
(c)
Investment in foreign assets to acquire lasting business interest
(d) Foreign currency deposits of non-resident
citizens
32) ______
of the following constitutes foreign direct investment.
(a) Purchase of stocks
(b) Reinvestment of earnings by a wholly
owned subsidiary aboard
(c) Lending of funds to a foreign subsidiary
(d)
All the above
33) ____
of the following is not one of the benefits of FDI.
(a)
Culture of consumerism
(b) Infrastructure development
(c) Transfer of technology
(d) Sectoral development
34) ______
of the following are advantage of TNCs.
(a) Direct and indirect employment generation
(b) Increased competition
(c) Industrial expansion
(d)
All the above
35) ________
of the following was not a part of the FDI policy 2017
(a)
Strengthening the FIPB
(b) Introduction of Foreign Investment
Facilitation Portal
(c) Introduction of Standard Operating
Procedures
(d) Issue of Convertible Notes by start-ups
36) _____
of the following sectors have received the highest FDI equity investment in
during April-December 2017.
(a) Retail
(b)
Telecommunication
(c) Banking
(d) Software
37) The
average agricultural growth rate since 2000 is
(a) above 4%
(b)
less than 4 percent
(c) 4 percent
(d) 5 percent
38) The
new agriculture policy was announced in the year ___
(a) 1999
(b) 2000
(c) 2010
(d) None of above
39) Major
part of the agricultural credit is supplied by _____
(a) Money lenders
(b)
Commercial banks
(c) Co-operative banks
(d) Central bank
40) Kisan
credit card was introduced by ______
(a) RBI
(b)
NABARD
(c) Co-operative banks
(d) Central Bank
41) Non-institutional
credit very often leads to _______
(a) Indebtedness
(b) Exploitation of borrowers
(c) Loss of land and property
(d) All
the above
42) Regional
Rural Banks were established to provide finance to _____
(a) Small and marginal farmers
(b) Village artisans
(c) Agricultural labourers
(d All the above
43) Farmers
need short loan for –––––––––––
(a) Purchase of seeds
(b) Purchase of inputs
(c) To meet consumption needs
(d) All of the above
44) –––––––––––
is the apex body of rural credit.
(a)
NABARD
(b) Government of India
(c) Reserve Bank of India
(d) ADB.
45) Regulated
markets aim at protecting _____
(a) Consumers
(b) Farmers
(c) Traders
(d)
Both (a) and (b)
46) Farmers
are not able to realize better prices because of –––––––––
(a) Lack of grading
(b) Lack of market knowledge
(c) Lack of storage facility
(d) All
of the above
47) Industrialization
involves _______
(a) Technological innovation
(b) Social changes
(c) Relative decline of agriculture’s share
in the GDP
(d)
All the above
48) Functional
composition of industries refer to ______
(a) Ownership based criteria
(b)
Use-based criteria
(c) Investment
based criteria
(d) Turnover based criteria
49) _______
of the following is not a part of the New Industrial Policy 1991
(a)
Increased investment in public sector enterprises
(b) Abolition of licensing policy
(c) Encouraging foreign direct investment
(d) Amendment of MRTP Act
50) IIP
measures _______
(a) Industrial inputs inflation
(b)
Growth of industrial production
(c) Growth of industrial investment
(d) Growth of industrial exports
51) _____
of the following is not an objective of the Competition Act 2002
(a) Prohibition of anti-competitive
agreements
(b) Regulation of combinations
(c)
Control of monopolies
(d) Prohibition of abuse of dominant position
52) Competition
advocacy refers to _____
(a) Control of monopolies
(b) Restricting investments through licensing
(c) Control of unreasonable profits
(d)
Promoting a competition culture
53) _______
of the following statements is not true of the PSUs in India.
(a) They have generated large scale
employment
(b)
They have high returns on investment
(c) They have saved foreign exchange
(d) They have created a diversified
industrial base for India
54) _____
of the following is a problem faced by the PSUs in India.
(a) Mounting losses
(b) Underutilization of capacity
(c) Administrative defects
(d)
All the above
55) The
Central Government department responsible for disinvestment is _________
(a)
Department of Investment and Public Asset Management
(b) Department of Commerce
(c) Department of Industrial Policy and Promotion
(d) Department of Revenue
56) ______
of the following is not a function of the DIPAM.
(a) Advising government of matters relate to
CPSE
(b) All matters relating to sale of Central Government equity through offer for sale or private
placement
(c) Decisions on the recommendations of Administrative
Ministries, NITI Aayog for disinvestment
(d)
Promotion of foreign direct investment
57) Offer
of shares by a listed CPSE or the government out of its shareholding or a
combination of both to the public for
subscription is done through ____
(a) Initial Public Offering
(b) Offer for Sale
(c)
Further Public Offering
(d) Strategic Sale
58) Only
financial institutions can participate in ______
(a) Initial Public Offering
(b) Offer for Sale
(c)
Further Public Offering
(d) Institutional Placement Programme
59) Disinvestment
refers to –––––––––––
(a) Sale
of government ownership
(b) Purchase of shares
(c) Sale of private securities
(d) None of above
60) In
1999, the investment limit of the small scale unit was determined at
(a) `
25 lakh
(b) `
50 lakh
(c) `
1 crore
(d) `
5 crore
61) The
MSME Act was passed in _______
(a) 2005
(b) 2002
(c) 2008
(d)
2006
62) A
separate ministry for small industries was set up in _____
(a) 1991
(b)
1999
(c) 2007
(d) 2005
63) _________
is the nodal development agency for the MSME sector.
(a) Divisional Commissioner MSME
(b)
Development Commissioner MSME
(c) Directorate General MSME
(d) Development Council MSME
64) _________
is a SIDBI initiative that provides capital to new SME start-ups.
(a) ISARC
(b) Credit Guarantee Fund Trust
(c)
CLCSS
(d) SIDBI Venture Capital Ltd.
65) MSME-MDA
does not provide funding to MSMEs for _____
(a) Participation in international trade
fairs
(b)
Acquiring quality and environmental certifications
(c) Carrying out sector specific market
studies
(d) Contesting anti-dumping cases
66) The
scheme to improve ease of doing business in the MSME sector is _____
(a) SFURTI
(b)
UAM
(c) CLCSS
(d) ASPIRE
67) MSMEs means __________.
a) Micro,
small and medium Enterprises
b) Mini,
small and medium Enterprises
c) Micro,
small and medium Employment
d) None of
the above
68) ______
of the following is not a characteristic of the services sector
(a) Output includes intangible products
(b) Is the fastest growing sector globally
(c)
Produces primary products
(d) Involves a wide range of activities
69) _____
of the following activities does not belong to the services sector in India
(a) Retail trade
(b) Real estate
(c) Insurance
(d)
Automobile
70) FDI
limit in single-brand retailing is ______
(a) 49%
(b) 74%
(c)
100%
(d) 51%
71) The
healthcare industry includes ______
(a) Hospitals
(b) Health insurance
(c) Pharmaceutical companies
(d)
All the above
72) The
FDI limit permitted for all heath related services under automatic route is __
(a) 51%
(b)
100%
(c) 74%
(d) 26%
73) –––––––
sectors are identified for promotion.
(a) Tourism
(b) Medical tourism
(c) both
a and b
(d) None of above
74) Mobile
banking is an extension of ____ banking.
(a)
Internet
(b)Phone
(c) Tele
(d) None of the above
75) ____ are self
service vendor machine that help the banks to provide round the clock banking
service to their customer at convenient places.
(a)
ATM’s
(b) Mobile banking
(c) Tele banking
(d) None of the above
76) ____ means
banking services and products made available to a customer at his place of
residence or work.
(a)
Door step banking
(b) Internet banking
(c) Phone banking
(d) None of the above
77) ____ are the
oldest , largest, fastest growing financial intermediaries in India.
(a)
Commercial Bank
(b) RBI
(c) Central Bank
(d) State bank
78) Commercial
banks must have paid up capital and reserves of not less than ` ____.
(a) ` 5 Lakhs
(b) ` 4 Lakhs
(c)
` 3 lakhs
(d) `
1 Lakh
79) In ____ 6 more commercial banks were
nationalized.
(a)
14 April 1980
(b) 4 April 1980
(c) 14 April 1981
(d) 4 April 1981.
80) Real time
gross settlement was stated in ____.
(a)
March 2004
(b) March 2002
(c) May 2004
(d) May 2002
81) ___
of the following is not a private sector banks.
(a) Axis Bank
(b) ICICI Bank
(c) Development Credit Bank Ltd
(d) IDBI Bank Ltd.
82) Since
1991 commercial banks have succeeded in _____
(a) Expanding branches
(b) Deposit mobilization
(c) Increase in lending
(d) All
the above
83) The
IRDA Act was passed in the year _____
(a)
1999
(b) 1998
(c) 2000
(d) None of the above
84) Insurance Regulatory and Development Authority was established in _____ year.
(a) 1999
(b)
2000
(c) 2001
(d) None of the above
85) _____
% FDI is allowed in the Insurance Companies
(a) 26%
(b)
49%
(c) 51%
(d) 75%
86) _____
of the following committee was established to suggest insurance sector
reforms
(a)
Malhotra Committee
(b) Rangarayan Committee
(c) Narashimham Committee
(d) Raja Chelliah Committee
87) Money market is a market for lending and
borrowing ____ .
(a) Long term funds
(b)
Short term funds
(c) Medium term funds
(d) None of above
88) ____
deals with members and act as mutual benefit fund.
(a) Loan companies
(b)
Nidhis
(c) chit funds
(d) Finance brokers
89)
____ are middlemen between lenders and borrowers .
(a) Loan companies
(b)
Finance brokers
(c) Public companies
(d) None of above
90) ____
are saving institutions.
(a) Loan companies
(b) Nidhis
(c) Chit funds
(d) Finance brokers
91) ____
is active money market player.
(a) RBI
(b)
Government
(c) Banks
(d) Corporate
92) ____
helps in effective implementation of monetary policy.
(a) Loan companies
(b)
RBI
(c) State govt.
(d) Finance brokers
93) ____ of the
following is not a part of the unorganized sector of the Indian money market
(a) Money lenders
(b)
Co operative banks
(c) Indigenous bankers
(d) Unregulated non bank financial
intermediaries
94) ____ of the following is not part of the organized
sector of the Indian money market.
(a) Commercial banks
(b)
Chit funds
(c) Foreign banks
(d) Mutual funds
95)
____ of the following is a part of the organized sector of Indian money market.
(a) Loan companies
(b)
Call money Market
(c) Indigenous bankers
(d) Money lenders.
96) ____
of the following is not the main player of Indian money market.
(a) Governments
(b)
Over the Counter Exchange of India
(c) Commercial banks
(d) RBI
97) _______
of the following measures absorb liquidity from the financial system.
(a) Repo
(b)
Reverse Repo
(c) MSF
(d) Buying securities under OMO.
98) ______
of the following is a part of the organised sector of Indian money market.
a) Indigenous
bankers
b) Loan
Companies
c) Call money market
d) Money
lenders
99) ______
of the following is not the main player of Indian money market.
a) Government
b) RBI
c) Commercial
banks
d) Over the Counter Exchange of India
100) _____ of the following does not form the part of treasury bills issued by the government of India today
a) 14 day treasury bills
b) 91
day treasury bills
c) 182
day treasury bills
d) 364
day treasury bills
101) Indian
money market is regulated by –––––––
(a)
RBI
(b) SBI
(c) SEBI
(d) LIC
102) Foreign
institutional investors are allowed to invest in the Indian capital market
provides they are registered with ____ .
(a) RBI
(b)
SEBI
(c) State Govt.
(d) Central Govt.
103) NSE
was set up to bring the Indian stock market in line with___.
(a) Regional Market
(b)
International market
(c) Financial Market
(d) Capital Market
104) ____
is for new issues of equity.
(a) Secondary market
(b)
Primary market
(c) Tertiary market
(d) None of above
105)
____ market deals with equities already issued or outstanding
(a) Primary
(b)
Secondary
(c) Tertiary
(d) None of above
106)
Capital market is a market for ____
(a) Short term funds
(b)
Medium and long term funds
(c) Medium term funds
(d) Long term funds
107) Secondary
market reforms do not include ____
(a) Screen based trading
(b)
LAF
(c) Depository system
(d) Rolling settlement
108) Gilt
edged securities refer to ––––––
(a) Bonds
(b) Securities issued by municipal
corporation
(c) Industrial issues
(d) Government Securities
109) NSE
was set up in November ––––––
(a) 1994
(b) 1991
(c) 1993
(d) 1992
110) Which
of the following do not constitute the structure of capital market in
India?
(a) Merchant Banks
(b) Gilt edged market
(c) Industrial securities market
(d) RBI
111) Equity
market is associated with –––––––
(a) Government securities
(b) Private securities
(c) Issue of fresh capital
(d) Sale
of old share
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