Tag: economics

Questions Related to economics

After passing legislation, the rent charged from tenants was fixed between  _______.

economics the state of the indian economy on the eve of independence diversification into productive activities policy of agriculture, industry and foreign trade under british rule cottage and small scale industries

  1. 25 to 60%

  2. 25 to 50%

  3. 35 to 60%

  4. 35 to 50%

Show answer
Correct Option: B

It is uncommon in a zamindari system _______________.

economics the state of the indian economy on the eve of independence diversification into productive activities policy of agriculture, industry and foreign trade under british rule cottage and small scale industries

  1. for land to belong to the tiller

  2. for land not to belong to the tiller

  3. that all the cultivated land to belong to zamindar and uncultivated to the tiller

  4. none of the above

Show answer
Correct Option: A

Ceilings on land holdings were fixed as under ________.

economics the state of the indian economy on the eve of independence diversification into productive activities policy of agriculture, industry and foreign trade under british rule cottage and small scale industries

  1. 18 acres of wetland & 54 acres of unirrigated land

  2. 18 acres of unirrigated & 54 acres of wetland

  3. 18 acres of both unirrigated & wetland

  4. 54 acres of both unirrigated & wetland

Show answer
Correct Option: A

Around ______ percent of population of the country was engaged in agriculture sector at the time of independence.

economics the state of the indian economy on the eve of independence diversification into productive activities policy of agriculture, industry and foreign trade under british rule cottage and small scale industries

  1. 40

  2. 50

  3. 60

  4. 72

Show answer
Correct Option: D

Select the correct statement/statements using the code given below:
1. Industrial lockouts caused by the striking contractual labour has increased during the last $5$ years, which indicates immediate need of labour reforms in India pending since long.
2. Increasing labour unrest in India is emerging as the main determinant in attracting FDI. 

economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

  1. Only I

  2. Only 2

  3. I and 2

  4. Neither 1 nor 2

Show answer
Correct Option: D
Explanation:

Both the statements are incorrect. The number of strikes and lockouts show a decreasing trend at least in the instances of lockouts, in the country. Labour unrest in India is not seen as a major deterrent in attracting FDI to the country. 

Regional disparity in per capita income in India has increased in the post reform period due to many factors. Which among the following factors has not contributed to the growth in such disparity?

economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

  1. Decline in the share of public investment.

  2. Change in policy regime regulating investment locations.

  3. Poor governance and poor infrastructure.

  4. Allocation of central government funds through the award of finance commission.

Show answer
Correct Option: D

Growth in GDP during reform period was mainly driven by growth in _______.

economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

  1. service sector

  2. agriculture sector

  3. industrial sector

  4. both A and C

Show answer
Correct Option: A
Explanation:

Growth in GDP during reform period was mainly driven by the growth in the service sector. During the reform period, the growth of agriculture and industrial sectors has declined whereas the growth of service sector has gone up.

As a result of foreign investment _____________.

economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

  1. India has seen a tremendous rise in new technology

  2. India is the fifth largest foreign exchange reserve holder in the world

  3. rising prices could not be kept under control

  4. all of the above

Show answer
Correct Option: A
Explanation:
The opening up of the economy has led to rapid increase in foreign direct investment and foreign exchange reserves. At present, India is the sixth largest foreign exchange reserve holder in the world. Rising prices have also been kept under control. and India has seen tremendous rise in new technology.

Foreign investment includes ________.

economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

  1. FDI

  2. FII

  3. both A and B

  4. none of the above

Show answer
Correct Option: C
Explanation:
The foreign investment includes foreign direct investment and foreign institutional investment.

Developing countries don't have access to developed countries market because _______.

economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

  1. high non-tariff barriers like quota restriction

  2. inability to produce

  3. lack of labour

  4. none of the above

Show answer
Correct Option: A
Explanation:
A developing country like India still does not have the access to developed countries’ markets because of high non-tariff barriers. For example, although all quota restrictions on exports of textiles and clothing have been removed from India, U.S.A. has not removed their quota restriction on import of textiles from India and China.