ECONOMY MCQS SET 66

ECONOMY MCQS SET 66

651) Consider the following statements regarding Preconception and Prenatal Diagnostic Techniques Act:(PC&PNDT Act)
l. The Act prohibits the determination and disclosure of the sex of the fetus, except in cases where there is an imminent threat to the life of the mother.
2. It bans advertisements related to preconception and prenatal determination of sex.
3. It requires all ultrasonography units to prominently display a signboard stating that detection/revelation of the sex of the fetus is illegal.
4. All ultrasound machines have to be registered and suppliers have to give details of the clinics to which such units have been sold.
Identify the correct statements from the above:
A) 1 , 3 and 4
B) 2, 3 and 4
C) 1, 2, 3 and 4
D) 1, 2 and 3
Answer:  2, 3 and 4
   
652) The Kaladan Multimodal Transport Project connects
A) Tripura with Bangladesh
B) Manipur with Myanmar
C) Assam with Bangladesh
D) Mizoram with Myanmar
Answer:  Mizoram with Myanmar
   
653) Consider the following statements regarding the NITI Aayog:
1. It replaces the Planning Commission.
2. It allocates resources among the states.
3. lt will function as a think tank.
4. lt will encourage village level planning.
Which of the above statement is not correct?
A) 1
B) 2
C) 3
D) 4
Answer:  2
   
654) Gross Profit means
A) total investment over total saving
B) changes in methods of production
C) changes in the form of business organisation
D) total receipts over total expenditure
Answer:  total receipts over total expenditure
   
655) Net National Product in National Income Accounting refers to
A) Gross domestic product -Depreciation
B) Gross domestic product + Subsidies
C) Gross national product -Depreciation
D) Gross national product + Subsidies
Answer:  Gross national product -Depreciation

656) Same price prevails throughout the market under
A) perfect competition
B) monopoly
C) monopolistic competition
D) oligopoly
Answer:  perfect competition
   
657) The credit control operation is performed by
A) Rural Banks
B) Commercial Banks
C) Reserve Bank
D) State Bank of India
Answer:  Reserve Bank
  
658) The duties levied on alcoholic liquors, narcotic drugs and opium come under
A) Central Excise Duty
B) Land Revenue
C) State Excise Duty
D) General Sales Tax.
Answer:  State Excise Duty
   
659) Tenure of SEBI Chairman has been increased to
A) six years
B) two years
C) four years
D) five years
Answer:  six years
   
660) Protection means
A) restrictions imposed on import trade
B) protection to home goods
C) no free exchange of goods and services between countries
D) all of these
Answer:  all of these