Industries, Infrastructure and Foreign Trade Set 3
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This set of Indian Economy Multiple Choice Questions & Answers (MCQs) focuses on Industries, Infrastructure and Foreign Trade Set 3
Q1 | Which of the following sectors does not come under tertiary sector?
- Transport
- Trade
- Business Services
- Electricity
Q2 | Which of the following committees was assigned to recommend reforms in the insurancesector?
- Rekhi Committee
- Nadkarni Committee
- Malhotra Committee
- Chelliah Committee
Q3 | Consider the following statements: [IAS 2004] 1. National Thermal Power Corporation has diversitled into hydropower sector 2. Power Grid Corporation of India has diversified into telecom sector Which of the statements given above is/are correct?
- 1 only
- 2 only
- both 1 and 2
- neither 1 nor 2
Q4 | Whenever newspapers talk about the performance of core industries, which of the following is NOT considered among them? [Bank of India PO 2010]
- Petroleum
- Automobile
- Mining
- Steel
Q5 | Which one of the following pairs is not correctly matched? [CDS 2008]
- Hindalco Industries - Novelis
- Tata Steel - Corus Group
- Jet Airways - Air Sahara
- Kingfisher Airlines - MDLR Airlines
Q6 | Which institution provides long run finance to industries?
- UTI
- LIC
- GIC
- All of these
Q7 | One of the main factors that led to rapid expansion of Indian exports is :
- liberalisation of the economy
- diversification of exports
- imposition of import duties
- recession in other countries
Q8 | The main argument advanced in favour of small scale and cottage industries in India is that:
- cost of production is low
- they require small capital investment
- they advance the goal of equitable distribution of wealth
- they generate a large volume of employment
Q9 | Present Industrial policy in India aims at :
- promoting the private sector units
- increasing the production of public sector units
- accelerating the performance of mixed economy
- discourage the performance of the private sector
Q10 | When does the problem of unfavourable balance of payment arise?
- When exports decrease
- When exports increase
- When imports increase
- When imports are greater than exports
Q11 | The difference between visible exports and visible imports is defined as [Corporation Bank PO 2011]
- Balance of trade
- Balance of payment
- Balanced terms of trade
- Gains from trade
Q12 | Which of the following was formed to suggest means for eradicating black money? [I. Tax 1992]
- Finance Commission
- Sarkaria Commission
- Shah Commission
- Chelliah Committee
Q13 | BoP (Balance of Payment) refers to :
- transactions in the flow of capital
- transactions relating to receipts and payment of invisibles
- transactions relating only to exports and imports
- systematic record of all its economic transaction with the rest of the world
Q14 | Mashelkar Committee was constituted to report on :
- economic policy
- constitutional changes
- black money
- auto fuel policy
Q15 | Which of the statements given above is/are correct? [CDS 2008] 1. The USSR assisted in the building of the Bhilai Steel plant. 2. The British assisted in the building of the Bokaro Steel plant.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q16 | New exim policy has choosen a town for the pottery export :
- Panipat
- Moradabad
- Khurja
- Agra
Q17 | A country is said to be in a debt trap if: [IAS 2002]
- it has to abide by the conditionalities imposed by the International Monetary Fund
- it has to borrow to make interest payments on outstanding loans
- it has been refused loans or aid by creditors abroad
- the World Bank charges a very high rate of interest on outstanding as well as new loans
Q18 | 'Dumping' in the context of international trade refers to : [CDS 2000]
- exporting goods at prices below the actual cost of production
- exporting goods without paying the appropriate taxes in the receiving country
- exporting goods of inferior quality
- exporting goods only to re-import them at cheaper rates
Q19 | The exports of India:
- are confined to a few items
- are spread over several commodity groups
- have not shown much of a change since 1960-61
- comprise mainly of agro-based products
Q20 | G-77 summit is a forum for: [CDS 2000]
- North-South Cooperation
- East-West Cooperation
- South-South Cooperation
- North-North Cooperation
Q21 | The headquarters of World Trade Organisation is in : [CDS 2000]
- Montreal
- Seattle
- Geneva
- The Hague
Q22 | The headquarters of OPEC (Organisation of Petroleum Countries) is at :
- Vienna
- Kuwait City
- Algeria
- Tehran
Q23 | Per capita incomeWhich of the above is/are the parameters for the measurement of Human Development Index by UNDP? [CDS 2005]
- 1, 2 and 4
- 1 and 3
- 4 only
- 1, 2, 3 and 4
Q24 | Which of the following constitute the World Bank? [IAS 1995] 1. International Bank of Reconstruction and Development 2. International Finance Corporation 3. International Development Association 4. International Monetary Fund Choose the correct answer from the codes given below:
- 1, 2 and 3
- 1 and 2
- 1 and 3
- 1, 2, 3 and 4
Q25 | The headquarters of IMF and World Bank are located at :
- Geneva and Montreal
- Geneva and Vienna
- New York and Geneva
- Both Washington DC