Match the items of
List-I with
List-II and indicate the correct answer.
List-I List-II
a. Fiscal Policy
1. Mitigation of National hazards
b. Technology Policy
2. Balance of Payment
c. Macro-Economic Policy
3. Fiscal Federalism
d. Monetary Policy
4. Inflation
A. a-1, b-2, c-3, d-4
B. a-3, b-1, c-2, d-4
C. a-4, b-3, c-1, d-2
D. a-2, b-1, c-4, d-3
Select an option to see the answer and solution.
Which of the following statements is/are correct?
A. The IMF financial years ends on 30th April
B. Currently, IMF has 197 members upto 30th June, 2011
C. Both A and B
D. None of the above
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Which statement is true in relation to the way of the arrival of foreign direct investment in India?
A. Automatic route in called Delhi route
B. FIPB works under the ministry of industry
C. In relationship to FDI coming through automatic route, no prior approval in required from the government or the Reserve Bank
D. FIPB is authorised to approve the investment of upto 1,200 crore
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. . . . . . . . of business activities is done in business environment.
A. Management
B. Planning
C. Coordination
D. None of these
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Mercantilism was known as . . . . . . . . in France.
A. colbertism
B. physiocratism
C. cameralism
D. None of the above
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Long-term financial assistance for development purpose is provided by
A. IMF
B. World Bank
C. ADB
D. WTO
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Match the following.
List-I List-II
a. The Essential Commodities Act
1. 1937
b. Agricultural Products Grading and Marketing Act
2. 1958
c. The Prevention of Food Adulteration Act
3. 1955
d. Trademarks and Merchandise Marks Act
4. 1954
A. a-1, b-3, c-2, d-4
B. a-2, b-4, c-1, d-3
C. a-3, b-1, c-2, d-4
D. a-1, b-2, c-3, d-4
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The . . . . . . . . environment is composed of laws, government agencies and pressure groups.
A. demographic
B. economic
C. social-culture
D. political-legal
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Which of the following statements in relation to the Five Forces framework is correct?
A. the framework assists in developing a broad perspective on the environment within which an organization is operating
B. it is not appropriate in public sector management
C. the framework is a means of identifying the forces which affect the level of competition in an industry or sector
D. the framework identifies the major stakeholders of an organization
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A stable and dynamic political environment is indispensable for
A. business growth
B. enhancing the export
C. increasing participation
D. Both A and B
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The apex consumer court in India is referred to as
A. The Consumer Education and Research Centre
B. The Consumer Unity and Trust Society
C. National Consumer Disputes Redressal Commission
D. None of the above
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Difference between the time of introduction of the product in one country and the time, when the producers in other country start producing it
A. imitation gap
B. demand gap
C. Both A and B
D. Neither A nor B
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The infant industry argument is often advocated in the context of
A. Price discrimination
B. Product diversification
C. Protection
D. Resource mobilization
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The SDRs can be used . . . . . . . . by the participating countries.
A. freely
B. unconditionally
C. conditionally
D. All of these
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Which of the following is/are not correct?
A. SAARC helps to promote the welfare of the people of South Asia
B. NAFTA helps to promote conditions of fair competition
C. ASEAN helps to promote regional peace and stability
D. None of the above
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Majority of developed countries have . . . . . . . . In their BoP.
A. deficit
B. equality
C. surplus
D. None of these
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Arrange the following concepts/acts in the order in which they came into force.
A. 3, 4, 2, 1
B. 4, 3, 2, 1
C. 1, 2, 4, 3
D. 2, 1, 3, 4
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Economic elements of business environment are
A. budget and investment condition
B. income level
C. price level
D. All of the above
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The devaluation of currency of a country is done when
A. Both 1 and 2
B. Neither 1 nor 2
C. Only 1
D. Only 2
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Who was shown, how international trade leads to equalisation of factor prices?
A. Prof. Horst Kohaler
B. Prof. Bertil Ohlin
C. Prof. I. M. Keynes
D. Prof. P. U. Ouglus
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