Sail E0 Webinar

MCQs

Total Questions : 398 | Page 4 of 40 pages
Question 31. The term ‘Rent seeking’ refers to which of the following?
  1.    Excessive rent collected by the owners because of rise in demand
  2.    Higher prices collected by business entities by forming cartels
  3.    Practise of manipulating public policy as a strategy to increase profits
  4.    Manipulating profits by inflating costs
 Discuss Question
Answer: Option C. -> Practise of manipulating public policy as a strategy to increase profits
Answer: (c)
Rent-seeking means engaging in or involving in the manipulation of public policy or economic conditions as a strategy for increasing profits.
For example, lobbying for government contracts by changing the terms and conditions of the bidding contract.
Question 32. Which one of the following is not the problem of Small Scale Industries (SSIs)?
  1.    Raw materials
  2.    Finances
  3.    Marketing
  4.    Strikes and lockouts
 Discuss Question
Answer: Option D. -> Strikes and lockouts
Answer: (d)
Major problems faced by the small scale industries are:
Finance,
Raw Material,
Idle Capacity,
Technology,
Marketing,
Infrastructure,
Under Utilization of Capacity and
Project Planning.
Strike and lockouts is not a problem of SSIs.
Question 33. Consider the following statements :
  1. The erratic trend in the production of sugar is mainly due to monsoons.
  2. The output of sugar is influenced by both cane and Gur prices.
Which of the statements given above is/are correct?
  1.    Both 1 and 2
  2.    1 only
  3.    2 only
  4.    Neither 1 nor 2
 Discuss Question
Answer: Option A. -> Both 1 and 2
Answer: (a)The erratic trend in production of sugar is mainly due to monsoons and the output of sugar is influenced by both cane and gur prizes.
Question 34. Which one of the following is correctly matched based on Industries clusters and Location?
  1.    Surat - Gems & Jewellery
  2.    Textiles - Tirupur
  3.    Marble - Kishangarh
  4.    All of the above
 Discuss Question
Answer: Option D. -> All of the above
Answer: (d)All the above industrial clusters and the related locations are correctly matched. Tirupur is famous for textiles, Kishangarh is famous for marbles, Surat is famous for Gems and Jewellery.
Question 35. Which one of the following is not a feature of Limited Liability Partnership Firm?
  1.    Internal governance should be decided by mutual agreement among partners
  2.    Partner should be less than 20
  3.    Partner and management need not to be separate
  4.    It is a corporate body with perpetual succession
 Discuss Question
Answer: Option C. -> Partner and management need not to be separate
Answer: (c)
The LLP will be a separate legal entity, liable to the full extent of its assets, with the liability of the partners being limited to their agreed contribution in the LLP which may be of tangible or intangible nature or both tangible and intangible in nature. No partner would be liable on account of the independent or unauthorised actions of other partners or their misconduct.
The liabilities of the LLP and partners who are found to have acted with intent to defraud creditors or for any fraudulent purpose shall be unlimited for all or any of the debts or other liabilities of the LLP.
Question 36. Which of the following cities is known as the Financial Capital of India?
  1.    Chennai
  2.    New Delhi
  3.    Kolkata
  4.    Mumbai
 Discuss Question
Answer: Option D. -> Mumbai
Answer: (d)Mumbai is the financial capital of India. It is one of the world’s top ten centres of commerce in terms of global financial flow generating 5% of India’s GDP and accounting for 25% of industrial output, 70% of maritime trade in India and 70% of capital transactions to India’s economy.
Question 37. NASSCOM is the organisation of companies of which sector?
  1.    Information Technology
  2.    Media
  3.    Mobile phone service
  4.    Automobiles
 Discuss Question
Answer: Option A. -> Information Technology
Answer: (a)
NASSCOM is the organisation of companies of Information technology.
NASSCOM: It is a trade association of the Indian Information Technology and Business process outsourcing Industry.
Question 38. In India ‘Report on Currency and Finance’ is the annual publication of
  1.    Finance Commission
  2.    SEBI
  3.    Finance Ministry
  4.    RBI
 Discuss Question
Answer: Option D. -> RBI
Answer: (d)
In India, ‘Report on Currency and Finance’ is the annual publication of Reserve Bank of India.
The report highlights the evaluation or devaluation of rupee as a currency along with its other aspects and projects the financial condition of the economy.
Question 39. Which of the following can be termed an infrastructural bottleneck in the development of India’s economy?
  1.    The federal nature of Indian policy
  2.    Delay in the administration of justice
  3.    Existence of a large variety of financial institutions
  4.    The volatility of the Indian rupee
 Discuss Question
Answer: Option B. -> Delay in the administration of justice
Answer: (b)
Question 40. Consider the following statements :

  1. The growth of wireline telephone connections in the last five years is decreasing every year.

  2. The share of private operations in the wireless telephone in India is more than 85%.


Which of the following statements above is/are correct?
  1.    Both 1 and 2
  2.    1 only
  3.    2 only
  4.    Neither 1 nor 2
 Discuss Question
Answer: Option A. -> Both 1 and 2
Answer: (a)
The growth of wireline telephone connections in the last five years is decreasing every year due to an increase in mobile connections.
Moreover, the share of private operations in the wireless telephone is more than 85%.
So, both statements are correct.

Latest Videos

Latest Test Papers