Questions and answers for exam Preparation

MCQs

Total Questions : 10

The significant change in the new FEMA which has replaced FERA is that the emphasis from imprisonment will be shifted to:

adjudication
compounding
arbitration
voluntary compliance

Discuss Question

Answer: Option D. -> voluntary compliance
:
D

Option: (d)

Question 2.

Population experts refer to the possible 'demographic bonus' that may accrue to around 2016 A.D. They are referring to the phenomenon of

a sharp drop in the total population;
a surge in the population in the productive age group;
a decline in both birth and death rates;
a well-balanced sex ratio.

Discuss Question

Answer: Option B. -> a surge in the population in the productive age group;
:
B

Option: (b)

Question 3.

Which of the following is not true of the Regional Rural Banks (RRBs)?

They provide direct loans to small and marginal farmers;
They are co-sponsored by Reserve Bank of India;
They also perform other banking operations;
State Governments are share-holders in RRBs.

Discuss Question

Answer: Option B. -> They are co-sponsored by Reserve Bank of India;
:
B

Option: (b)

Question 4.

Which of the following point does not figure in the 10-year Action Plan formulated under the National Population Policy, 2000?

Greater involvement of members of self-help groups;
Free and compulsory elementary education
Compulsory registration of marriages and pregnancy
Special reward for men who adopt terminal family planning methods.

Discuss Question

Answer: Option D. -> Special reward for men who adopt terminal family planning methods.
:
D

Option: (d)

Question 5.

The only two areas reserved for the public sector in NIP 1991 after recent amendments are:

atomic energy and railway transport
coal and petroleum
steel and petroleum
aircrafts and defence

Discuss Question

Answer: Option A. -> atomic energy and railway transport
:
A

Option: (a)

Question 6.

One of the disadvantages of the Wholesale Price Index in India is that:

it does not cover the services sector;
it is not available for individual commodities;
it is available only on monthly basis;
it is available only at constant prices.

Discuss Question

Answer: Option A. -> it does not cover the services sector;
:
A

Option: (a)

Question 7.

Government of India's Disinvestment Policy was recast in 2000 to provide for 'strategic sale' of PSU shares. The new policy involves:

sale with a change in management;
majority holding to be sold to a private party;
sale of only loss-making PSUs;
sale of share of defence PSUs.

Discuss Question

Answer: Option A. -> sale with a change in management;
:
A

Option: (a)

Question 8.

The rationale given in the first plan for state intervention in the industrial sector was that:

private sector was inefficient
state alone can ensure decentralization of wealth
private sector was neither willing nor capable of investing in certain sectors
the commanding heights of the economy should be in the public sector

Discuss Question

Answer: Option C. -> private sector was neither willing nor capable of investing in certain sectors
:
C

Option: (c)

Question 9.

Which of the following statements is not true of the Indian economy?

Its share of world population is 16 per cent but its share of world GDP is only 1.6 per cent;
The share of service sector in India's GDP is only 25 per cent.
58 per cent of its working population is engaged in agriculture but the contribution of agriculture to the national income is only about 22 per cent;
India occupies only 2.4 per cent of the world's geographical area.

Discuss Question

Answer: Option B. -> The share of service sector in India's GDP is only 25 per cent.
:
B

Option: (b)

Question 10.

Dr. Rangarajan Committee recommended that the percentage of equity to be disinvested in industries reserved for public sector should be: