MCQs
Total Questions : 650
| Page 63 of 65 pages
Answer: Option A. -> 3, 1, 2
Answer: (a)
The first stage of stable or slow population growth:
The growth of the population was slow due to the high death rate which nullified the high birth rate. In this stage, these economies were primitive and primarily agrarian, with widespread illiteracy, poor sanitation and health care conditions, negligible knowledge of family planning and large family sizes which contributed to factors such as high fertility rate and high death rate.
In the period between the first and the second stages, the death rates start reducing and birth rates remain stable which brings an imbalance in the economy. Measures like diseases control, improving nutrition levels, and sanitation improvement are implemented to reduce death rates, but the measures for controlling birth rates are not implemented, which results in a population explosion. This required a period of transition for adjustment, thus bringing the second stage of transition.
The second stage of population explosions:
In this stage rise in income levels contributed to improvement in health care, education, disease control and so on which in turn contributed to reducing the death rates. This accelerated the growth of the population. The family size reduced and improved trade and economic conditions resulted in more food and better food habits which further helped the population to grow at a much higher rate than in the first stage. The demographic changes brought imbalances in the economy, creating conditions for further transition of society.
The third stage of low birth rates and low death rates:
Modernization and industrialization changed the living pattern in such nations, the rural population shifted to cities and family sizes were reduced to become nuclear families. The standard of living increased which further brought down mortality rates and birth rates. As a result, the growth of the population declined.
Answer: (a)
The first stage of stable or slow population growth:
The growth of the population was slow due to the high death rate which nullified the high birth rate. In this stage, these economies were primitive and primarily agrarian, with widespread illiteracy, poor sanitation and health care conditions, negligible knowledge of family planning and large family sizes which contributed to factors such as high fertility rate and high death rate.
In the period between the first and the second stages, the death rates start reducing and birth rates remain stable which brings an imbalance in the economy. Measures like diseases control, improving nutrition levels, and sanitation improvement are implemented to reduce death rates, but the measures for controlling birth rates are not implemented, which results in a population explosion. This required a period of transition for adjustment, thus bringing the second stage of transition.
The second stage of population explosions:
In this stage rise in income levels contributed to improvement in health care, education, disease control and so on which in turn contributed to reducing the death rates. This accelerated the growth of the population. The family size reduced and improved trade and economic conditions resulted in more food and better food habits which further helped the population to grow at a much higher rate than in the first stage. The demographic changes brought imbalances in the economy, creating conditions for further transition of society.
The third stage of low birth rates and low death rates:
Modernization and industrialization changed the living pattern in such nations, the rural population shifted to cities and family sizes were reduced to become nuclear families. The standard of living increased which further brought down mortality rates and birth rates. As a result, the growth of the population declined.
Answer: Option C. -> HPCL Ltd
Answer: (c)
Navratna was the title given originally to nine Public Sector Enterprises (PSEs) identified by the Government of India in 1997 as “public sector companies that have comparative advantages”, giving them greater autonomy to compete in the global market so as to “support [them] in their drive to become global giants”.
The number of PSEs having Navratna status has been raised to 16, the most recent addition being Oil India Limited.
The list of such companies is:
Bharat Heavy Electricals Limited;
Bharat Electronics Limited;
Bharat Petroleum Corporation Limited;
Hindustan Aeronautics Limited;
Hindustan Petroleum Corporation Limited;
Mahanagar Telephone Nigam Limited;
National Aluminium Company Limited;
National Mineral Development Corporation Limited;
Neyveli Lignite Corporation Limited;
Oil India Limited;
Power Finance Corporation Limited;
Power Grid Corporation of India Limited;
Rashtriya Ispat Nigam Limited;
Rural Electrification Corporation Limited;
Shipping Corporation of India Limited;
GAIL (India) Limited.
Answer: (c)
Navratna was the title given originally to nine Public Sector Enterprises (PSEs) identified by the Government of India in 1997 as “public sector companies that have comparative advantages”, giving them greater autonomy to compete in the global market so as to “support [them] in their drive to become global giants”.
The number of PSEs having Navratna status has been raised to 16, the most recent addition being Oil India Limited.
The list of such companies is:
Bharat Heavy Electricals Limited;
Bharat Electronics Limited;
Bharat Petroleum Corporation Limited;
Hindustan Aeronautics Limited;
Hindustan Petroleum Corporation Limited;
Mahanagar Telephone Nigam Limited;
National Aluminium Company Limited;
National Mineral Development Corporation Limited;
Neyveli Lignite Corporation Limited;
Oil India Limited;
Power Finance Corporation Limited;
Power Grid Corporation of India Limited;
Rashtriya Ispat Nigam Limited;
Rural Electrification Corporation Limited;
Shipping Corporation of India Limited;
GAIL (India) Limited.
Answer: Option A. -> international trade among countries
Answer: (a)A merchant bank is a financial institution which provides capital to companies in the form of share ownership instead of loans. It is a bank that deals mostly in (but is not limited to) international finance, long-term loans for companies and underwriting. Merchant banks do not provide regular banking services to the general public.
Answer: (a)A merchant bank is a financial institution which provides capital to companies in the form of share ownership instead of loans. It is a bank that deals mostly in (but is not limited to) international finance, long-term loans for companies and underwriting. Merchant banks do not provide regular banking services to the general public.
Answer: Option B. -> P.V. Narasimha Rao Government (1990)
Answer: (b)
The economic liberalisation in India refers to ongoing economic reforms in India that started on 24 July 1991.
In 1991, the government of P. V. Narasimha Rao and his finance minister Manmohan Singh (currently the Prime Minister of India) started breakthrough reforms which included opening for international trade and investment, deregulation, initiation of privatization, tax reforms, and inflation controlling measures.
Answer: (b)
The economic liberalisation in India refers to ongoing economic reforms in India that started on 24 July 1991.
In 1991, the government of P. V. Narasimha Rao and his finance minister Manmohan Singh (currently the Prime Minister of India) started breakthrough reforms which included opening for international trade and investment, deregulation, initiation of privatization, tax reforms, and inflation controlling measures.
Answer: Option A. -> To make ‘Made in India’ a label of quality.
Answer: (a)
India Brand Equity Foundation is a Trust established by the Ministry of Commerce with the Confederation of Indian Industry (CII) as its associate.
IBEF’s primary objective is to promote and create international awareness of the Made in India label in markets overseas and to facilitate the dissemination of knowledge of Indian products and services.
Towards this objective IBEF works closely with stakeholders across government and industry. IBEF works with a network of stakeholders – domestic and international – to promote Brand India.
Answer: (a)
India Brand Equity Foundation is a Trust established by the Ministry of Commerce with the Confederation of Indian Industry (CII) as its associate.
IBEF’s primary objective is to promote and create international awareness of the Made in India label in markets overseas and to facilitate the dissemination of knowledge of Indian products and services.
Towards this objective IBEF works closely with stakeholders across government and industry. IBEF works with a network of stakeholders – domestic and international – to promote Brand India.
Question 626. Which of the following activities can lead to financial inclusion in India?
Select the correct answer using the codes given below :
- Issuing of general purpose credit cards.
- Strict know your customer’ (KYC) norms
- Opening of Bank branches in unbanked rural areas.
- Opening of no-frills account.
Select the correct answer using the codes given below :
Answer: Option B. -> 1, 3 and 4 only
Answer: (b)
Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society.
For financial inclusion 'Know your customer' norms should be relaxed and no-frills account should be opened for low-income segments which are looking for basic banking only.
Along with general-purpose credit cards should be issued and bank branches should be opened in unbanked rural areas.
Answer: (b)
Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society.
For financial inclusion 'Know your customer' norms should be relaxed and no-frills account should be opened for low-income segments which are looking for basic banking only.
Along with general-purpose credit cards should be issued and bank branches should be opened in unbanked rural areas.
Answer: Option E. -> None of These
Answer: (e)
The Reserve Bank of India (RBI), on 25 October 2011, deregulated savings bank deposit interest rates, leaving it to the banks to select their own interest rates.
However, each bank will have to offer a uniform interest rate on savings bank deposits up to Rs.1 lakh, irrespective of the amount in the account within this limit.
Besides, for savings bank deposits over Rs.1 lakh, a bank may provide differential rates of interest, if it so chooses.
Answer: (e)
The Reserve Bank of India (RBI), on 25 October 2011, deregulated savings bank deposit interest rates, leaving it to the banks to select their own interest rates.
However, each bank will have to offer a uniform interest rate on savings bank deposits up to Rs.1 lakh, irrespective of the amount in the account within this limit.
Besides, for savings bank deposits over Rs.1 lakh, a bank may provide differential rates of interest, if it so chooses.
Answer: Option D. -> Sales tax
Answer: (d)The principal source of States own tax revenues is sales tax which accounts for about 60 per cent of the total. The other major components of States own tax revenues according to their revenue share are State excise, registration and stamp duty, motor vehicle and passenger tax, electricity duty, land revenues, profession tax, entertainment taxes and other sundry taxes.
Answer: (d)The principal source of States own tax revenues is sales tax which accounts for about 60 per cent of the total. The other major components of States own tax revenues according to their revenue share are State excise, registration and stamp duty, motor vehicle and passenger tax, electricity duty, land revenues, profession tax, entertainment taxes and other sundry taxes.
Answer: Option B. -> Videsh Sanchar Nigam Ltd.
Answer: (b)Videsh Sanchaar Nigam Limited (VSNL) was the first Indian PSU to be listed in the New York Stock Exchange in 2000. The company operates a network of earth stations, switches, submarine cable systems, and value added service nodes to provide a range of basic and value added services.
Answer: (b)Videsh Sanchaar Nigam Limited (VSNL) was the first Indian PSU to be listed in the New York Stock Exchange in 2000. The company operates a network of earth stations, switches, submarine cable systems, and value added service nodes to provide a range of basic and value added services.
Answer: Option A. -> production of goods and services
Answer: (a)
National Income is based on the production of goods and services.
A variety of measures of national income and output are used in economics to estimate,
total economic activity in a country or region,
including gross domestic product (GDP),
gross national product (GNP),
net national income (NNI), and
adjusted national income (NNI* adjusted for natural resource depletion).
All are especially concerned with counting the total amount of goods and services produced within some “boundary”.
Answer: (a)
National Income is based on the production of goods and services.
A variety of measures of national income and output are used in economics to estimate,
total economic activity in a country or region,
including gross domestic product (GDP),
gross national product (GNP),
net national income (NNI), and
adjusted national income (NNI* adjusted for natural resource depletion).
All are especially concerned with counting the total amount of goods and services produced within some “boundary”.