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Культура Документы
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5. The ______________ is the key factor that regulates the capitalist economy
a. Free Private Enterprise
b. Foreign Exchange
c. Market mechanism
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d. Freedom of production
7. The word Law is a general term that implies varied purposes. In terms of legal
system it denotes the rules and regulations that have been enacted by the
____________ to govern various aspects of public and personal life
a. Legislature
b. Citizens forum
c. Judiciary
d. Central Industrial Relations Machinery
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12. The first half of the 20th century was marked by a major ___________________
a. Famine & floods
b. Rivalry among nations
c. Worldwide depression
d. Cross-border terrorism
14. The growth of public sector led to the growth of (SOEs), State owned enterprises
in India. ______________________ 1956 &1991, gave the public sector a strategic
role in the Indian economy.
a. Indian Trade Regulations
b. Indian Commodity Act
c. Indian Goods Act
d. Industrial Policy Regulations
16. Business involves making a choice among a set of alternative courses of action
which is the essence of all ______________ problems.
a. Social
b. Internal
c. External
d. Economic
17. The business sector has economic relation with the government, household
sector,_____________ and the global sector.
a. Capital market
b. Money market
c. Primary Market
d. Secondary Market
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18. The traditional objective of Business was _________________.
a. Funds maximization
b. Profit maximization.
c. Wealth maximization
d. Surplus
19. Business environment refers to the sum total of internal and external forces
operating on an _____________.
a. Industry
b. Society
c. Organization.
d. Policy
22. The chief source of the English law is the _______________ as supplemented by
Equity and Statute Law
a. Common Law
b. European Law
c. British Law
d. Queen's Law
23. The root of the problem in 1991 _____________ was the large and growing fiscal
imbalance
a. Political crisis
b. Economic crisis
c. Environmental crisis
d. Agricultural expenditure
24. Which among following are not categorised as monopoly industry under state
a. Arms and Ammunition
b. Atomic Energy
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c. Rail Transport
d. Aviation
29. The main job of committee on public undertakings (CPU) to examine the
autonomy and __________ of Public Enterprises
a. Efficiency
b. Recruitment
c. Training
d. Transfer
30. Indian Railways is the world's _____________ rail network and the second largest
under a single management
a. Third largest
b. Second largest
c. Fifth largest
d. Fourth largest
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31. Marketing intermediaries are an important part of the system who deliver value to
______________
a. Suppliers
b. Distributors
c. Customers
d. Competitors
32. Economic policies refer to the monetary and ________________ that affect the
growth rate of the economy and the attained price stability in the economy
a. Government policy
b. Public policy
c. Fiscal policies
d. Instruments of monetary policy
34. The socio-economic objectives are clearly enshrined in the preamble to the
constitution, ______________ and directive principles of state policy.
a. Political justice
b. Cultural
c. Fundamental Rights
d. Economic powers
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c. Customs
d. Code
38. The Russian Revolution of 1917 and the establishment of ____________ in the
USSR impacted business and economy globally
a. Military Rule
b. Democracy
c. Dictatorship
d. Communism
39. The first _________________paved the way for a mixed socialist economy
a. Foreign policy
b. Industrial policy
c. Internal policy
d. External policy
40. Which amongst the following are not objectives of the Disinvestment ?
a. Reducing financial burden of the government
b. Modernisation and Upgradation of PSE's
c.To improve growth
d. Discourage new assets with private hands
42. ________________ refers to abolishing all trade restrictions and barriers and
charge very low rates of tariffs among group of countries
a. Border Area
b. Potential zone
c. Port area
d. Free Trade Area
43. The _________ programme of HUL meant for the rural women for earning extra
income is highly commendable
a. Business for poor
b. Shakthi
c. Empowerment
d. Adult Education
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44. The government selected nine PSUs for making them world class entities and
named these PSUs as ________________
a. Profit Centres
b. Navaratnas
c. Productive Centres
d. Monopoly Centres
45. India is now a chosen destination for outsourcing projects and offers a big
______________
a. Industrial sector
b. Textile sector
c. Literate base
d. consumer base
48. Which among the following are not the responsibility of Department of Industrial
Policy & Promotion (DIPP) ?
a. Formulation
b. Implementation of promotions
c. Subsidy for Agricultural sector
d. Industrial Sector
50. The single currency in EU came into effect from 1998, but except in three
countries Britain, ____________ and Sweden
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a. Denmark
b. Ukraine
c. Bosnia
d. Georgia
a. 1T, 2F
b. 1F, 2T
c. 1T, 2T
d. 1F, 2F
a. 1T, 2F
b. 1T, 2T
c. 1F, 2T
d. 1F, 2F
a. 1F, 2T
b. 1F, 2F
c. 1T, 2T
d. 1T, 2F
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54. Which is not granted to people in Fundamental Rights?
a. Right to Equality
b. Deprivation of property
c. Cultural and Educational Rights
d. Right to Constitutional Remedies
a. 1F, 2T
b. 1T, 2T
c. 1T, 2F
d. 1F, 2F
a. 1T, 2F
b. 1F, 2T
c. 1T, 2T
d. 1F, 2F
a. 1F, 2T
b. 1F, 2F
c. 1T, 2T
d. 1T, 2F
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59. State whether statement true or false
1. Under the Monopolies and Restrictive Trade Practices Act, all firms with assets
above a certain size (100 crores since 1985) were classified as MRTP firms.
2. The principal objective of the Act was to encourage concentration of economic
power and control of monopolies.
a. 1F, 2T
b. 1T, 2F
c. 1T, 2T
d. 1F, 2F
a. 1F, 2T
b. 1T, 2F
c. 1T, 2T
d. 1F, 2F
62. Which among the following are not part of main objective of Mercosuris.
a. Establishment of free trade zone
b. to free Mercosuris from external trade barriers
c. A common external tariff (a customs union).
d.Free movement of capital, labour and services
a. 1T, 2F
b. 1T, 2T
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c. 1F, 2T
d. 1F, 2F
a. 1T, 2T
b. 1F, 2F
c. 1T, 2F
d. 1F, 2T
a. 1T, 2T
b. 1F, 2F
c. 1F, 2T
d. 1T, 2F
66. 1. Monetary policy is a tool that a national Government uses to control the supply
and availability of money, to influence the overall economic activity.
2. An open economy is an economy in which there are economic activities between
domestic community and the national community.
a. 1T, 2F
b. 1F, 2T
c. 1F, 2F
d. 1T, 2T
a. 1T, 2F
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b. 1T, 2T
c. 1F, 2F
d. 1F, 2T
68. 1.Capitalist economy is not concerned with productive resources are owned by
private individuals, who use these resources to earn profits and government
intervention is minimum.
2. The public sector may not be very efficient due to lack of initiative and
responsibility on the part of bureaucrats.
a. 1F, 2T
b. 1F, 2F
c. 1T, 2F
d. 1T, 2T
a. 1F, 2T
b. 1T, 2F
c. 1F, 2F
d. 1T, 2T
70. Which among following are sources recognized by Law itself as authoritative?
1. Juristic Writings
2. Statutes and law
3. Literary Writings
4. Customary Law
a. 1 & 3
b. 1 & 4
c. 2 & 4
d. 3 & 4
71. The major purpose of business legislation includes protection of companies from
________________, protection of consumers from ______________ practices and
protection of the interests of society from unbridled business behavior
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d. Credit facility, Dumping
1. Industrial Policy Resolution 1956 had reserved 10 industries for the public sector
2. The industrial policy of 1991 reduced the number of such industries to eight.
a. 1F, 2T
b. 1T, 2F
c. 1T, 2T
d. 1F, 2F
73. Which among the following are two major reasons for disinvestment in India ?
a. Human resources, literacy
b. fiscal support, efficiency of enterprise
c. Labour, Union
d. Compelling need, political pressure
a. 1F, 2T
b. 1T, 2F
c. 1F, 2F
d. 1T, 2T
a. 1T, 2F
b. 1T, 2T
c. 1F, 2F
d. 1F, 2T
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Part C
Answer all questions 4*10=40 Marks
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