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GK Quiz on Indian Economy Set VII

27-JAN-2016 13:30

    Dear Students, Jagran Josh is providing you a set of 10 MCQs on Indian Economy from different topics. These questions are already asked in different competitive exams. You need to be very attentive while solving these questions.

    1. What is the full form of EPCG stands?

    a. Export Promotion Capital Goods.

    b. Expert Programme for Credit Generation.

    c. Exchange Programme for Consumer Goods.

    d. Export Promotion Consumer Goods.

    2. FIEO stands for………………………….

    a. Foreign Import Export Organisation.

    b. Federation of Import Export Organisation.

    c. Forum of Indian Export Organisation.

    d. Federation of Indian Export Organisation.

    3. The FRBMA, 2003 emphasises on:

    a. Revenue-led fiscal consolidation.

    b. Better expenditure outcomes.

    c. Rationalisation of tax regime.

    d. All of the above.

    4. The economic reforms have failed to……………

    a. Keep fiscal deficits to the targeted levels.

    b. Fully implement industrial deregulation.

    c. All the sectors of economy are opened for foreign investment

    d. All of the above.

    5. Obtaining of Industrial License is compulsory for all of the below sector except:

    a. Clothes

    b. Specified Hazardous chemicals

    c. Electronic aerospace

    d. Cigarettes of tobacco

    6. Before financial reforms, the banking system has all characteristics except:

    a. Administered interest rates structure.

    b. Quantitative restrictions on credit flow.

    c. High revenue requirements.

    d. Keeping very less lendable resources for the priority sector.

    7. _______________________ refers to relaxation of previous government restrictions.

    a. Privatisation.

    b. Globalisation.

    c. Liberalisation.

    d. Disinvestment

    8. Pre-condition for privatisation to be successful requires…….

    a. Liberalisation and de-regulation of the economy.

    b. Capital markets should be sufficiently developed.

    c. None of the above.

    d. (a) & (b) both.

    9. _________________ refers to the transfer of assets or services functions from public to private ownership.

    a. Globalisation.

    b. Privatisation.

    c. Disinvestment.

    d. Liberalisation.

    10. _______________________ refers to sale of public sector’s units in equity in the market.

    a. Globalisation.

    b. Privatisation.

    c. Disinvestment.

    d. Liberalisation.

    Question

    Answer

    1

    a

    2

    d

    3

    d

    4

    d

    5

    a

    6

    d

    7

    c

    8

    d

    9

    b

    10

    c

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