EGMC
Ques1. The computing technology, the internet was a product of military research, the first
network dating from
Ans. 1969
Ques2. What is vitually a joint float system cooperatively arranged by a group of nations sharing
some common interests and goals
Ans. Target Zone Arrangement
Ques3. _______ Promotes exchange stability and maintain orderly exchange arrangements
among members.
Ans. IMF
Ques4. ‘Privatisation’ implies
A) Access to the resources of Public Sector Enterprise
B) Promotion of role of MNCs in the economy
C) A change in the ownership resulting and promotion of collective ownership
D) A change in the ownership resulting in a change in the management (ans bcz may of
may be this statement is possible)
Ques5. Which of the following are the 17 new Sustainable Development Goals?
A) Conserve and Sustainably use the ocean, seas and marine resources
B) Reduce inequality within and among countries
C) Take urgent action to combat climate change and its impacts
D) All of these (answer all)
Ques6. The present WTO system is based on the
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Ans. Uruguay Round Agreements
Ques7. Which of the following measures can be applied for controlling erosion and restoring
the productivity of eroded lands?
A) To regulate over-grazing and shifting cultivation practices
B) Efforts to prevent gully erosion and control their formation
C) To disseminate education among people with regard to the positive benefits……………………
D) All of these (answer)
Ques8. National Air Quality Index (AQI) was launched in
Ans. 2015
Ques9. Which of the following economists developed the concept of Human Development?
Ans. Mahbub-ul-haq
Ques10. Which of the following is not the sailent features of the draft national water policy?
Ans. C) Per Capita annual water availability reduced from 1.816m3 in 2001 to 1.544m3 in 2011
Ques11. Which of the below is an example of internal factor of business environment?
Ans. Human Resource
Ques12. The genesis of IT revolution began just after
Ans. Second World War
Ques13. Which of the following industry/industries is/are exclusively reserved for public sector?
A) Atomic Energy
B) Railway Transport
C) Both atomic energy and railway transport ( possible answer )
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D) Defence Equipment, Atomic energy and Railway Transport
Ques14. Industrial licensing constituted the key element in Government of india’s industrial
policy from
Ans. 1951 to 1991
Ques15. Privatisation can be achieved by
A) Both Franchising and Leasing (possible answer)
B) Leasing
C) Franchising
D) Cross Holding
Ques16. Among the following options which is not the objective of the WTO?
Ans. To provide aid during the Balancing of Payment crises of the member countries
Ques17. Laissez Faire policy is adopted in
Ans. Socialist Economic system
Ques18. What is the main objective of human development?
Ans. To enlarge people’s choices and empower them
Ques19. _________ is called as economic constitution of india. It for the first time gave a
broad and detailed framework of industrial development in india.
Ans. Industrial Policy Resolution 1956
Ques20. _______ was replaced by _______ on 1st jan 1995?
Ans. GATT, WTO
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Ques21. Which of the following was an extension of the Industrial Policy Resolution of
1956?
Ans. Industrial Policy Statement 1973
Ques22. Which program was introduced in 2013 to address the fluctuations/variability in
the renewable power supply?
Ans. National Green Corridor
Ques23. Section B of Industrial Policy of 1956 comprised of _________ industries.
Ans. 12
Ques24. The ________ maintains record of public and private international Investments
flowing in and out of a country.
Ans. Capital Account
Ques25. Both foreign direct investment (FDI) and foreign institutional investment (FII) are
related to investment in a country. Which of the following is incorrect regarding FDI and FII?
Ans. FII invests in technology-oriented enterprises, whereas FDI invests in traditional
business set ups
Ques26. Economic Liberalization in India led to
Ans. An Increase in economic growth and foreign exchange reserves
Ques27. Which of the following comprises of technical assistance by IMF
Ans. All of these ( designing, drafting, institution and capacity)
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Ques28. Balance of Payments comprises of
Ans. Current account, Capital account and Official Settlements Account
Ques29. WTO negotiations produced general rules that apply to ______ and specific
commitments made by the ________ governments.
Ans. All members, individual member
Ques30. The Most Favoured Nation (MFN) clause under the WTO regime is baswd on the
principle of
Ans. Non-discrimination between nations
Ques31. The Industrial Policy Statement of 1956 comprises of
Ans. Classification of industries into three categories
Ques32. What are the two most important aspects of economic globalization?
Ans. Reduction in Import tariffs and internationalization of financial transactions
Ques33. ______ assists in the reconstruction and development of territories of the
members by facilitating the investment of capital for productive purposes.
Ans. World Bank
Ques34. Patents are often referred to as a type of _______ and patent activity is an
indicator of levels of _______.
Ans. “industrial” property, innovation
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Ques35. The computing technology , the internet was a product of military research, the
first network dating from
Ans. 1969
Ques36. The Human Development Index is developed by
Ans. United Nations Development Programme
Ques37. As a part of the liberalization announced in 1991, Industrial policy measures were
initiated by the government to liberalise the
Ans. MRTP regulations
Ques38. Indian rupee was devalued in 1991 to resolve the
Ans. Balance of Payments crises
Ques39. When a country has trade deficit it means that it
Ans. Purchases more goods from the rest of the world than it sells
Ques40. The major objective(s) of Public Sector Enterprises is/are
Ans. All of these
Ques41. The objective of privatisation are to
Ans. All of these
Ques42. The International product life-cycle model, was put forward by
Ans. Raymond Vernon
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Ques43. A new approach to the public sector was visualized in the Industrial Policy Resolution
of
Ans. 1991
Ques44. Which of the following is not a key area of Human Development?
Ans. Access to lead a luxurious life
Ques45. ________ agreements are legally binding on the members.
Ans. WTO
Ques46. Balance of Payment deficit can be removed through?
Ans. All of these ( devaluation, export, import)
Ques47. TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement is
administered by:
Ans. World Trade Organization (WTO)
Ques48. External Micro environment of business comprises of
Ans. Competitors
Ques49. The World Wide Web was developed in the late 1980s by
Ans. Tim burners-Lee
Ques50. In which of the following industries there is a prevalence of industrial licensing?
Ans. All of these( alcohol, cigarettes, explosives)
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Ques51. The 1950s saw the commercial development of mainframe computers, spearheaded
by?
Ans. IBM
Ques52. Economic growth is a subset of _________ model.
Ans. Human Development Model
Ques53. Objective(s) of disinvestment programme in india is to
Ans. Achieve efficiency of enterprise and provide fiscal support
Ques54. Measures to globalise Indian economy include
A) Removal of quantitive restrictions
B) Reduction of import tariffs
C) Removal of export duties
D) All of these ( possible answer)
Ques55. The main objective of the Industrial Policy Statement of 1991 was
Ans. Industrialization of the economy
Ques56. Anti-globalists believe that MNCs
Ans. Exploit the labour employed by them in different parts of the world
Ques57. Unilateral transfers of balance of payments comprises of
Ans. All of these (possible answer – as one way transfers)
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