Deck 1: Indian Economic Policies and Industries

Question 1

Which the following was not a feature of the New Industrial Policy 1991?

A)abolition of industrial licensing
B)removal of mrto limit
C)setting up of new public sector enterprises
D)permitted foreign investment

Answer 1

setting up of new public sector enterprises

Question 2

One of the policies adopted to make public sector more efficient was

A)increasing operational control on public enterprises by the government
B)increasing government\s shareholding in public enterprises
C)raising fresh equity from the market
D)maintaining public sector monopoly

Answer 2

raising fresh equity from the market

Question 3

Which of the following is an important banking sector reform introduced in 1991?

A)raising slr and cpr
B)introduction of prudential norms
C)reduce slr
D)rbi determined interest rates

Answer 3

introduction of prudential norms

Question 4

Rashtriya Swasthya Bima Yojana provides health insurance coverage to

A)workers in the unorganized sector
B)only women and children
C)workers in the organized sector
D)the entire population

Question 5

Agriculture prices in India are

A)very certain
B)very remunerative
C)same
D)uncertain

Question 6

Agriculture price policy is required to

A)provide incentives to fermers
B)to encourage farmers to spend more
C)to increase income inequality
D)trade policy

Question 7

Minimum Support price guarantees the farmers with

A)high income
B)competitive price
C)floor price
D)low income

Question 8

Issue Price is at which the government supplies food grains

A)to the middlemen
B)to ration shops
C)low price
D)in the open market

Question 9

Fair price shops protect the interest of

A)poor farmers
B)poor people
C)poor consumers
D)poor traders

Question 10

Price policy mainly benefits

A)marginal farmers
B)middle man
C)small farmers
D)large farmers

Question 11

The healthcare industry includes

A)hospitals
B)health insurance
C)pharmaceutical companies
D)health realtes

Question 12

The FDI limit permitted for all health related services under automatic route is

A)0.51
B)1
C)0.26
D)0.74

Question 13

Which of the following is not a characteristic of the Indian health care industry?

A)inadequate insurance coverage
B)high incidence of diseases
C)inadequate infrastructure
D)every citizen has access to high quality services

Question 14

Which of the following is a growth potential in the healthcare industry in India?

A)telemedicine
B)expanding medical tourism
C)growing insurance market
D)all the above

Question 15

Which of the following is not a feature of the tourism industry?

A)has high employment potential
B)it is composite of several service providers
C)does not harm the natural environment
D)has high foreign exchange earning potential

Question 16

In 2017 advances of commercial banks to the priority sector was

A)0.4
B)more than 40%
C)less then 40%
D)0.45

Question 17

Financial inclusion aims at providing financial services to

A)poor people
B)indian investors abroad
C)banking
D)industrialists

Question 18

In recent years Indian banks have increased their efficiency by

A)by reducing number of employees
B)expansion
C)using information technology
D)by increasing number of branches

Question 19

In recent years the number of RRBs has

A)remained constant
B)decreased
C)low
D)increased

Question 20

Virtual banking aims at rendering banking services through

A)branch expansion
B)advancing cheap creadit
C)use of it services
D)low expansion

Question 21

The IRDA act passed in the year

A)1948
B)1951
C)2000
D)1999

Question 22

Which of the following statements best defines FDI

A)loans from multilateral institutions like imf and world bank
B)investment in foreign assets to acquire lasting business interest
C)buying shares of companies in a foreign country without gaining control over management
D)foreign currency deposits of non-resident citizens

Question 23

Which of the following constitutes foreign direct investment?

A)purchase of stock
B)reinvestment of earnings by a wholly owned subsidiary abroad
C)investment by all types for abroad
D)lending of funds to a foreign subsidiary

Question 24

Which of the following best describes horizontal foreign direct investment?

A)long term lending to a foreign firm
B)fdi in the same industry abroad as the foreign investor firm
C)fdi into industry that provide inputs to the firm
D)fdi into industry that uses the firm\s output