ECONOMY MCQS SET 47

ECONOMY MCQS SET 47

461) Consider the following statements:
The functions of the Reserve Bank of India does not include:
1.Open market operations
2.Monitoring revenue collection
3.Supervising non-banking finance companies
4.Review of public expenditure
Which of the statement/s given above is/are correct?
A) 1
B) 2 and 4
C) 1,3 and 4
D) 1,2,3 and 4
Answer:  2 and 4
   
462) Some of the measures suggested to curtail inflation are:
l. Restricting public expenditure
2. Mopping up increased liquidity through taxation or savings
3. Strengthening public distribution system
Which of the above statements are correct?
A) 1 and 3
B) 2 and 3
C) 1 and 2
D) 1,2 and 3
Answer:  1 and 2
   
463) This type of unemployment can occur even in a situation of full employment.
A) Structural unemployment
B) Functional unemployment
C) Cyclical unemployment
D) Disguised unemployment
Answer:  Cyclical unemployment
  
464) Usual status (US) unemployment is calculated with reference to a period of:
A) one year
B) indefinite
C) one month
D) one week
Answer:  one year
   
465) Chronic unemployment is measured using;
A) US data
B) CWS data
C) none of the two
D) both a & b
Answer:  both a & b

466) It is argued that continuation of reservation for Small Scale Industries after import liberalisation is an orthotic because:
A) such reservation does not exist outside India.
B) Indian small scale manufacturers have to compete with large scale manufacturers from outside;
C) Indian large scale producers cannot compete in out side markets;
D) Indian SSI units are inherently inefficient
Answer:  Indian small scale manufacturers have to compete with large scale manufacturers from outside;
   
467) A country, which has successfully introduced financial discipline through a Fiscal Responsibility Act, is
A) Thailand
B) Mexico
C) New Zealand
D) Singapore
Answer:  New Zealand
   
468) World Investment Report is an annual publication of
A) UNCTAD
B) World Bank
C) WTO
D) IMF
Answer:  UNCTAD

469) Which one of the following sectors has attracted the maximum FDI during the last four years?
A) Software
B) Telecommunications
C) Fast Moving Consumer Goods
D) Pharmaceuticals
Answer:  Telecommunications
   
470) The International Energy Forum (IEF) of which India is a member, provides a platform for:
A) pursuing energy conservation activities
B) promoting the use of renewable energy sources
C) dialogue between energy producing and consuming countries
D) both (b) and (c)
Answer:  dialogue between energy producing and consuming countries