Professional Documents
Culture Documents
Ques1. The computing technology, the internet was a product of military research, the first
network dating from
Ans. 1969
Ques2. What is vitually a joint float system cooperatively arranged by a group of nations sharing
some common interests and goals
Ques3. _______ Promotes exchange stability and maintain orderly exchange arrangements
among members.
Ans. IMF
Ques5. Which of the following are the 17 new Sustainable Development Goals?
A) Conserve and Sustainably use the ocean, seas and marine resources
B) Reduce inequality within and among countries
C) Take urgent action to combat climate change and its impacts
D) All of these (answer all)
Ques7. Which of the following measures can be applied for controlling erosion and restoring
the productivity of eroded lands?
Ans. 2015
Ques9. Which of the following economists developed the concept of Human Development?
Ans. Mahbub-ul-haq
Ques10. Which of the following is not the sailent features of the draft national water policy?
Ans. C) Per Capita annual water availability reduced from 1.816m3 in 2001 to 1.544m3 in 2011
Ques13. Which of the following industry/industries is/are exclusively reserved for public sector?
A) Atomic Energy
B) Railway Transport
C) Both atomic energy and railway transport ( possible answer )
D) Defence Equipment, Atomic energy and Railway Transport
Ques14. Industrial licensing constituted the key element in Government of india’s industrial
policy from
Ques16. Among the following options which is not the objective of the WTO?
Ans. To provide aid during the Balancing of Payment crises of the member countries
Ques19. _________ is called as economic constitution of india. It for the first time gave a
broad and detailed framework of industrial development in india.
Ans. 12
Ques24. The ________ maintains record of public and private international Investments
flowing in and out of a country.
Ques25. Both foreign direct investment (FDI) and foreign institutional investment (FII) are
related to investment in a country. Which of the following is incorrect regarding FDI and FII?
Ques29. WTO negotiations produced general rules that apply to ______ and specific
commitments made by the ________ governments.
Ques30. The Most Favoured Nation (MFN) clause under the WTO regime is baswd on the
principle of
Ques32. What are the two most important aspects of economic globalization?
Ques34. Patents are often referred to as a type of _______ and patent activity is an
indicator of levels of _______.
Ans. 1969
Ques37. As a part of the liberalization announced in 1991, Industrial policy measures were
initiated by the government to liberalise the
Ans. Purchases more goods from the rest of the world than it sells
Ans. 1991
Ans. WTO
Ans. Competitors
Ques49. The World Wide Web was developed in the late 1980s by
Ans. IBM
Ques55. The main objective of the Industrial Policy Statement of 1991 was
Ans. Exploit the labour employed by them in different parts of the world
4. Transfer of ____ percent or more equity of a public sector undertaking to private sector is called privatization.
Ans. 51
5. Transfer of ownership of a public sector undertaking to private sector wholly or partly is called as
Ans. Privatization
6. Balance of private capital transactions, official capital transaction, direct investment & portfolio investments
of a country with the rest of the world is show in the _____ of balance of payments.
Ans. Maturity
Ans. Disinvestment
Ans. Socialist
14. Grants given by government of India to south Africa and Bangladesh will be recorded in
Ans. Transaction affecting assets and liabilities by individual, businesses and non government entities
18. Joint venture between company XYZ of India and company ABC of Japan will be recorded in
19. Currently how many industries are exclusively reserved for public sector
Ans. 2
20. Champagne tequila or Roquefort are examples of
22. In 2001, the agriculture negotiations were brought into the Doha Round of talks with the objective to reduce
distortion in agricultural trade caused by
Ans. All of these (high tariffs and other barriers, export subsidies, some kinds of domestic support)
Ans. The WTO covers the direct taxation policies of member nations within its agreement
26. On a rapidly globalizing world, management of technology has assumed increasing importance due to which
of the following reason?
28. Current account of balance of payment will NOT include income from:
B) software services
C) Business services
D) NRI deposits.
Ans. All of these (Operating and Planning to expand businesses, erasing domestic and foreign market difference,
buying and selling goods and services from to any country in the world)
30. Current account of balance of payments will include income from abroad from.
Ans. Both inventions (protected by patents) and industrial design and trade secrets.
34. The only international organization dealing with the rules of trade in goods, services, intellectual property and
investment between nations is
35. Acquisition made by a company M/s ABC of India in Australia will be recorded as
36. Under ______ there is a partial sale of equity if a public enterprise to a private party.
Ans. Denationalisation
37. The industrial policy resolution statement 1980 focused on the need to promote.
39. Which one of the following was the aim behind the formation of the world Trade Organization (WTO)?
40. The investment in productive assets and participation in management as stakeholders in business enterprise
is?
41. Balance of exports and imports of goods and services and unilateral transfer is shown in the _______ of
balance of payment.
44. The ______ offers support to developing countries through policy advice, research and analysis and technical
assistance.
45. The 1991 industrial policy resolution abolished license for all industries except _______ industries.
Ans. 18
46. National Account that shows the net change in asset ownership for a nation is called as?
50. In a ______ economy decisions of what to produce are taken by a central planning authority.
Ans. Socialist
51. The industrial policy initiatives undertaken by the government since July 1991 have been designed to
Ans. Eliminate poverty and improve the standard of living of the people by promotion sustainable growth and
investment
53. In a _____ economy allocation of resources is decided partly by the central planning authority and partly by
market mechanism.
Ans. A) Provide short term loans to member countries experiencing actual or potential balance of payments crises
56. Which one of the following indicators is/are used to assess the knowledge?
58. The International Monetary Fund (IMF) came into existence on 27 th December 1945 with__________
members countries?
Ans. 29 members
60. Which one of the following is/are the main objective of MNC’s
Ans. All of these (to expand business beyond the boundaries of the home country, minimize the cost of production
especially the labour cost, avail the competitive advantage internationally.)
62. If you send a gift to your relatives in Germany from India, the transaction will be recorded in
64. The claim of the members of the Miles group of Bangladesh that core lements of the song ‘ Phiriyedaoamar
prem’ were copied in the soundtrack ‘jana jane jana’ of murder by anu malik and group is an example of
Ans. COPYRIGHT
10.3 Billion
10.4
67. Filing of an application by Tea Board of India against registration of “Darjeeling Tea” & “Darjeeling Logo” by
international TEAK KK – A Japanese company, in 2002 comes under?
Ans. TRIPS
68. What is the systematic record of all transactions of a country in a year is referred as?
69. Which of the following combination of a few crucial ‘positives’ and ‘negatives’ reflects the
WTO policies?
70. In the long run, the deficit in balance of payments can be adjusted through
Ans. Devaluation
Ans. The WTO covers the direct taxation policies of members countries within its agreement
72. Sales of textiles by Raj Export House to foreign countries will be recorded under
73. In the pre liberalization era imports of inputs and technology were regulated by to saveforeign exchange
Ans. FERA
74. Privatization implies a change in the ownership resulting into a change in the?
Ans. Management
75. In a --------- economy allocation of resources of the economy is decided by the central planning authority
Ans. Socialist
77. The intellectual property protection, in case of patent rights, is usually given for a finitetermtypically of
Ans. 20 years
78. The goal of COMPETITION ACT is to create and sustain fair competition in the Indianeconomy that will provide
a
Ans. negotiated and signed by the bulk of world's trading nations and ratified in their parliaments
Ans. B). Achieve stabilization of foreign exchange rates and lend money to members countries in financial trouble
82. The basic objective of the second Industrial Policy Resolution is?
Ans. All of these (Prevention of private monopolies, Accelerating the rate of economic growth, Maintainance of
industrial peace)
83. In the Doha declaration, WTO member governments commit themselves to the objective of dutyfree, quota-
free market access for LDCs' products
Ans. Least developed countries
84. the 1991 IPR reduced the number of industries reserved for which sector to eight
Ans. Strategy
89. which one of the following is not a measure of India's liberalization strategy
90. In an _________ economy allocation of resources of the economy is decided by the free marketmechanism
Ans. Capitalist
91. A country can derive foreign exchange reserves to conduct its international business through
94. A system in which the central banks of the country buy or sell their currencies in the foreign exchange market
whenever exchange rate deviate from their stated par values is called ________
Ans. Provide long term loans to member countries for development purposed such as education, health, and
infrastructure.
96. what was the first economic theory of international trade to be developed
Ans. Copyright & Patent, trademarks, geographical indications and industrial designs
Ans. Countries specializing in production of goods they are best suited for
Ans. Microenvironment
101. The gap between desired investment and local mobilized savings is filled by
102. Privatization of the public sector undertakings by selling off part of the equity of
Ans. Disinvestment
104. Liberalized Exchange Rate Management System (LERMS) was introduced by the RBI on?---
ANS. All of these (Political Stability, Legal and regulatory framework, Size of market)
107. Which one of the following is an exclusive right to exploit the invention for a right,provide license to
others to use it and stop all unauthorized exploitation of the inventions/innovations?
Ans. Copyright & Patent, Trademarks, Geographical indications and industrial designs.
109. Which one of the following defines the growth of human development?
Ans. Quantitative and value neutral ,,,, change over a period of time,, may be positive or negative
ALL OF THE ABOVE
110. Which one of the following is not a feature of new trade theory?
111. In the _________ Period the Indian government emphasised greater role of foreign investment in
economic development of the country ?
112. Which one of the following is an objective of Industrial Policy Resolution, 1991?
Ans. To Maintain Sustained Growth in productivity and employment
113. The Current Account of balance of payment Includes Trade Balance and?
114. Joint venture between Government of India & ShinChan Co. Of China will be Recorded in
Ans. Transactions affecting assets and liabilities by individuals, businesses and non government entities.
118. Transfer of 49 per cent equity of a Public Sector undertaking to Private Sector is called
Ans. Disinvestment
Ans. Both 2 & 3 ( decrease imports and increase exports, decrease balance of payment deficit )
120. Which one of the following factor/s determine the foreign investment?
Ans. All of these (Political stability, Legal regulatory Framework, Size of market)
Ans. Free movement of products, technology, information, and labour across the world
122. In a rapidly Globalizing World , management of technology has assumed increasing importance due to
which of the following reason?
Ans.
123. The intellectual property protection, in case of patent rights, is usually given for a finite term typically of
Ans. 20 Years
124. In a ______ economy decisions of what to produce are taken both by the central planning authority and
private entrepreneurs.
Ans. Mixed
Ans. Capitalist
Ans. All Of These ( setting of rules for trade in intellectual property, Rules for trade in merchandise, Liberalisation
for trade in service)
127. Some of the projects of _______ are co-financed by the Government, multilateral institutions, commercial
banks, export credit agencies and private sector investers.
Note (Two same ques with different options Both answer is same )
128. Transfers made by Government of USA to its embassy in India will be recorded in
Ans. Copyrights
Ans. Protection of industrial designs & the layout-design ........ Integrated circuits
133. In Short run, the defecit in balance of payments can be adjusted through
Ans. All of these ( use of foreign balances, sale of gold, sale of securities)
Ans. Denationalization
135. The ___________ lends to governments of middle – income and creditworthy low – income countries
136. Income from Investment in the form of Interest and Dividend will be recorded under
137. Transfer of up to ______ per cent equity of public sector undertaking to private sector is called
disinvestment
Ans. 49
138. World Trade Organisation was established after negotiations at
Ans. Uruguay
Ans. All of these ( increase in exports, inflow of foreign investment, emergence of Indian MNCs)
140. The 1956 industrial policy resolution gave the _______ strategic role in the economy.
Ans. Strategy
142. _________ made by Government of USA to its embassy in India will be recorded in
143. The short run the deficit in balance of payments can be adjusted through
144. Which of the following combination of a few crucial ‘positives’ and Negatives reflect the WTO policies?
146. Transfer of 51 per cent equity of Delhi Government to bses Ltd and Tata power is called
Ans. Privatization
Ans. Help the producers, exporters and importers to conduct their business
CASE STUDY
1. 10.3 billion
2. Knitwear(B)
4. Duty free access has been granted to Bangladesh for Knitwear imports by USA