MCQs
Total Questions : 650
| Page 57 of 65 pages
Answer: Option B. -> 1948
Answer: (b)The Minimum Wages Act, 1948 was enacted to safeguard the interests of workers, mostly in the unorganized sector by providing for the fixation of minimum wages in certain specified employments. It binds the employers to pay their workers the minimum wages fixed under the Act from time to time.
Answer: (b)The Minimum Wages Act, 1948 was enacted to safeguard the interests of workers, mostly in the unorganized sector by providing for the fixation of minimum wages in certain specified employments. It binds the employers to pay their workers the minimum wages fixed under the Act from time to time.
Answer: Option D. -> quality
Answer: (d)The present AGMARK standards cover quality guidelines for 205 different agricultural commodities spanning a variety of Pulses, Cereals, Essential Oils, Vegetable Oils, Fruits & Vegetables, and semiprocessed products.
Answer: (d)The present AGMARK standards cover quality guidelines for 205 different agricultural commodities spanning a variety of Pulses, Cereals, Essential Oils, Vegetable Oils, Fruits & Vegetables, and semiprocessed products.
Answer: Option A. -> 1.0 per cent
Answer: (a)
The EXIM Policy for 2002-07 which came into effect on 1st April 2002 was the first policy that had to be formulated keeping in view all the commitments India had made under the WTO.
In 2001, all quantitative restrictions on imports were removed. The medium-term export strategy for 2002-07 had set a target of 1 per cent share of global trade by 2006-07.
According to the then estimates by the Directorate-General of Foreign Trade, to corner 1 per cent of the global trade pie, exports needed to grow at a compounded annual growth rate of 14.25 per cent over the next three years.
Answer: (a)
The EXIM Policy for 2002-07 which came into effect on 1st April 2002 was the first policy that had to be formulated keeping in view all the commitments India had made under the WTO.
In 2001, all quantitative restrictions on imports were removed. The medium-term export strategy for 2002-07 had set a target of 1 per cent share of global trade by 2006-07.
According to the then estimates by the Directorate-General of Foreign Trade, to corner 1 per cent of the global trade pie, exports needed to grow at a compounded annual growth rate of 14.25 per cent over the next three years.
Answer: Option C. -> to govern entry of new private sector banks to make the banking sector more competitive
Answer: (c)The risk weight for a Government guaranteed advance should be the same as for other advances. To ensure that banks do not suddenly face difficulties in meeting the capital adequacy requirement, the new prescription on risk weight for Government guaranteed advances should be made prospective from the time the new prescription is put in place.
Answer: (c)The risk weight for a Government guaranteed advance should be the same as for other advances. To ensure that banks do not suddenly face difficulties in meeting the capital adequacy requirement, the new prescription on risk weight for Government guaranteed advances should be made prospective from the time the new prescription is put in place.
Answer: Option C. -> 1 and 3 only
Answer: (c)A Pigovian tax is a tax applied to a market activity that is generating negative externalities (costs for somebody else) like cigarette consumption, burning of fossil fuel.
Answer: (c)A Pigovian tax is a tax applied to a market activity that is generating negative externalities (costs for somebody else) like cigarette consumption, burning of fossil fuel.
Answer: Option A. -> former USSR
Answer: (a)
India borrowed features of fundamental duties and planning mechanisms from the former Soviet Union. India opted for a planned economic growth model as resources were scarce at the time of independence.
So it was imperative for the leaders to move along planned model so as to achieve optimum utilization of resources development and meeting the aim of social justice simultaneously.
Answer: (a)
India borrowed features of fundamental duties and planning mechanisms from the former Soviet Union. India opted for a planned economic growth model as resources were scarce at the time of independence.
So it was imperative for the leaders to move along planned model so as to achieve optimum utilization of resources development and meeting the aim of social justice simultaneously.
Question 567. Which of the following are correct in regard to the austerity measures taken by a country going through adverse economy conditions:
Select the correct answer using the codes given below :
- These measures include a reduction in spending.
- These measures include an increase in tax
- These measures include reduction in budget deficit.
Select the correct answer using the codes given below :
Answer: Option D. -> 1, 2 and 3
Answer: (d)
Austerity describes policies used by governments to reduce budget deficits during adverse economic conditions. These policies may include spending cuts, tax increases.
This is done in an economic crisis situation to improve the credit rating of the countries going through adverse economic conditions.
Answer: (d)
Austerity describes policies used by governments to reduce budget deficits during adverse economic conditions. These policies may include spending cuts, tax increases.
This is done in an economic crisis situation to improve the credit rating of the countries going through adverse economic conditions.
Answer: Option C. -> NABARD
Answer: (c)NABARD provides its refinance for the promotion of agriculture in India.
Answer: (c)NABARD provides its refinance for the promotion of agriculture in India.
Answer: Option C. -> Variation of margin requierments.
Answer: (c)
Qualitative credit (used by the RBI for selective purposes) are:
Margin requirements,
Consumer Credit Regulation,
RBI Guidelines,
Rationing of credit,
Moral Suasion and
Direct Action.
The Quantitative Credit measures which control the total quantity of credit are:
Bank Rate policy,
Open Market Operations,
Cash Reserve Ratio and
Statutory Liquidity Ratio.
Answer: (c)
Qualitative credit (used by the RBI for selective purposes) are:
Margin requirements,
Consumer Credit Regulation,
RBI Guidelines,
Rationing of credit,
Moral Suasion and
Direct Action.
The Quantitative Credit measures which control the total quantity of credit are:
Bank Rate policy,
Open Market Operations,
Cash Reserve Ratio and
Statutory Liquidity Ratio.
Answer: Option A. -> sum total of factor incomes
Answer: (a)
National income is the sum total of wages, rent, interest, and profit earned by the factors of production of a country in a year.
Thus it is the aggregate values of goods and services rendered during a given period counted without duplication.
Answer: (a)
National income is the sum total of wages, rent, interest, and profit earned by the factors of production of a country in a year.
Thus it is the aggregate values of goods and services rendered during a given period counted without duplication.
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