ON-A Note:Multiple choice questions. All questions are compulsory (10x1=10) Q.1 Micro environment is also known as environment of business a) Operating b) General c) Both Aand B d) None of the above Q.2 Trade between two or more countries is known as a) National Trade b) State Trade c) International Trade d) None of the above Q.3 refers to buving goods and service from another country. a) Import ob) Export c) Both A and B d) All of the above Q.4 Main types of unemployment are a) Open b) Seasonal c) Educated d) All of the above Q.5 SFC stands for a) State Forest Corporation b) State Finance Corporation c) Small Financial Corporation d) Small Foreign Corporation 11) MA
Answers
Answer:
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Explanation:
Free determination of interest rates
B. Liberating the industry, trade and economy from unwanted restrictions
C. Opening up of economy to the world by attaining international competitiveness
D. Reducing number of reserved industries from 17 to 8
Answer: B
Q2. When a company taken over another one and clearly becomes the new owner, the action is called
A. Acquisition
B. Merger
C. Strategic Alliance
D. None of the above
Answer: A
Q3. By which act does the government check restrictive trade?
A. MRTP Act
B. FEMA act
C. Industrial Policy Act 1991
D. None of these
Answer: A
Q4. Which among the following is not opened for private sector participation
A. Railways
B. Telecommunication sector
C. Education sector
D. Power sector
Answer: A
Q5. Which among these can be the condition for the success of privatisation?
A. Measurability of performance
B. Alternative institutional arrangements
C. Barriers to enter the market
D. All of the above
Answer: C
Q6. Which among these is monopolistic trade practice?
A. Manufacturing only one product
B. Selling only one product
C. Limiting technical Development
D. Unreasonably limiting competition
Answer: A
Q7. The Industrial policy resolution was passed first in
A. 1947
B. 1956
C. 1931
D. 1999
Answer: B
Q8. Globalisation is the term used to describe process of removal of restriction on
A. Investment
B. Foreign Trade
C. Both (A) and (B)
D. None of the above
Answer: C
Q9. Laissez Faire policy is adopted in
A. Socialist Economic system
B. Capitalist Economic system
C. Communist Economic System
D. Mixed Economic System
Answer: B
Q10. Which one is not the main objective of Fiscal Policy in India?
A. To promote employment opportunities
B. To minimize the inequalities of income and wealth
C. To promote price stability
D. To increase liquidity in economy
Answer: D
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