Tag: foreign trade in india

Questions Related to foreign trade in india

In order to generate adequate resources for public sector enterprises to sustain their growth, there had been an increasing demand for their ________.
(i) Liberalization
(ii) Privatization
(iii) Disinvestments
(iv) Globalization

civics foreign trade in india the government and economic development indian economy on the eve of independence impact of technology on livelihoods

  1. (i) Only

  2. (ii) Only

  3. (i) (ii) and (iii) only

  4. (i) ,(ii), (iii) and (iv)

Show answer
Correct Option: B
Explanation:

In order to generate adequate resources for public sector enterprises to sustain their growth, there had been an increasing demand for their privatization. Privatization can be defined as a process which includes transfer of ownership and management of the public enterprise to the private enterprises.

Navratnas does not include __________.

civics foreign trade in india the government and economic development indian economy on the eve of independence impact of technology on livelihoods

  1. BEL

  2. BPCL

  3. MTNL

  4. OIL

Show answer
Correct Option: B
Explanation:

Navaratnas does not include BPCL( Bharat Petroleum Corporation Limited). BPCL is included in Maharatnas.
Navaratnas are:

1. Bharat Electronics Limited (BEL)

2. Container Corporation of India Limited

3. Engineers India Limited

4. Hindustan Aeronautics Limited

5. Hindustan Petroleum Corporation Limited

6. Mahanagar Telephone Nigam Limited

7. National Aluminium Company Limited

8. National Buildings Construction Corporation Limited

9. NMDC Limited

10. Neyveli Lignite Corporation Limited

11. Oil India Limited

12. Power Finance Corporation Limited

13. Power Grid Corporation of India Limited

14. Rashtriya Ispat Nigam Limited

15. Rural Electrification Corporation Limited

16. Shipping Corporation of India Limited

Import of oil and lubricants constitute nearly ________ of India's total import bill as per 2013-14 data.

economics foreign trade in india the government and economic development indian economy on the eve of independence impact of technology on livelihoods

  1. 20%

  2. 24%

  3. 35%

  4. 40%

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Correct Option: C

'Public Sector' means ___________.

civics foreign trade in india the government and economic development indian economy on the eve of independence impact of technology on livelihoods

  1. government ownership on commerce and trade

  2. capitalist ownership on commerce and trade

  3. private ownership on trade

  4. none of the above

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Correct Option: A
Explanation:

Public sector refers to all the companies, bank, commerce and trade which has 51% or more of government shares as it equity. Therefore, it refers to the government ownership on commerce and trade.

The first atomic power station in Trombay was started in the year _____.

civics foreign trade in india the government and economic development indian economy on the eve of independence impact of technology on livelihoods

  1. 1950

  2. 1952

  3. 1956

  4. 1960

Show answer
Correct Option: C
Explanation:

The Bhabha Atomic Research Centre (BARC) is India’s premier nuclear research facility based in Trombay, Mumbai, Maharashtra. BARC is a multi-disciplinary research centre with extensive infrastructure for advanced research and development covering the entire spectrum of nuclear science, engineering and related areas.

When there is excess demand for a commodity, the 'Law of demand' implies that __________.

business economics and quantitative methods foreign trade in india the government and economic development indian economy on the eve of independence impact of technology on livelihoods

  1. price of the commodity falls

  2. price of the commodity remains same

  3. price of the commodity rises

  4. quantity demanded of the commodity falls

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Correct Option: C

Supply of perishable goods is inelastic.

business economics and quantitative methods foreign trade in india the government and economic development indian economy on the eve of independence impact of technology on livelihoods

  1. True

  2. False

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Correct Option: A

Total outlay is price multiplied by quantity. 

business economics and quantitative methods foreign trade in india the government and economic development indian economy on the eve of independence impact of technology on livelihoods

  1. True

  2. False

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Correct Option: A
Explanation:

Total outlay is another method to measure elasticity of demand this is also known as the expenditure method, Total outlay is calculated by taking into account the total expenditure which Is price multiplied by quantity. 

_______ is the price at which demand, for a commodity is equal to is supply.

business economics and quantitative methods foreign trade in india the government and economic development indian economy on the eve of independence impact of technology on livelihoods

  1. Normal price

  2. Equilibrium price

  3. Short run price

  4. Secular price

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Correct Option: B
Explanation:

Equilibrium price is the price at which the quantity demanded and the quantity supplied is the same. After equilibrium is achieved the price does not change. It is the ideal market price.

In economics, a state of balance is called ________________.

business economics and quantitative methods foreign trade in india the government and economic development indian economy on the eve of independence impact of technology on livelihoods

  1. saturation point

  2. stability point

  3. profit maximising point

  4. equilibrium point

Show answer
Correct Option: D