Government Policies for Business Policies Multiple Choice Question MCQ

Categories: BUSINESS EDUCATION

1. After independence, Planning Commission (now NITI Aayog) was established to make economic plans for a period of _________ years.

(a) Three

(b) Four

(c) Five

(d) Seven

Answer: (c) Five


2. After independence, India followed a:

(a) Socialistic Path of Development

(b) Commonwealth Model of Growth

(c) Mixed Economic Path

(d) Capitalistic Model of Development

Answer: (c) Mixed Economic Path


3. NITI Aayog replaced:

(a) Planning Commission

(b) Election Commission

(c) MRTP Commission

(d) Financial Commission

Answer: (a) Planning Commission


4. Which of the following institutions has been scrapped recently?

(a) Minerals and Metals Regulatory Commission

(b) Coal India Limited

(c) Planning Commission

(d) FIPB

Answer: (c) Planning Commission


5. Many of the Eastern European nations signed “Warsaw Pact” and followed the _________ pattern of economy.

(a) Communistic

(b) Capitalistic

(c) Mixed

(d) Regional

Answer: (a) Communistic


6. Which one of the following western European nations have followed a Capitalistic model?

(a) Great Britain

(b) France and Spain

(c) Portugal and Germany

(d) All of the above.

Answer: (d) All of the above.


7. The Constitution of the nation outlines the nature of policies to be taken for the growth and development of the nation. This Constitution was framed and accepted in _________.

(a) 1947

(b) 1948

(c) 1950

(d) 1951

Answer: (c) 1950


8. When India became independent, the problems prevailing were _________.

(a) Socio – economic transformation

(b) National Integrity

(c) External Environment

(d) All of the above

Answer: (d) All of the above


9. Immediately after independence, the new Government of India inden- tified a thoroughly close knit relation and interaction between the important Government agencies. These agencies were :

(a) Political Executive

(b) Legislature

(c) Bureaucracy & judiciary

(d) All of the above.

Answer: (d) All of the above.


10. What was the reason behind India’s journey towards liberalization?

(a) Fall of Warsaw Pact nations

(b) Formation of European Union

(c) Pressure of heady development loans from agencies like IMF, World Bank and ADB.

(d) All of the above.

Answer: (d) All of the above.


11. Who invests the foreign currency in India to get better returns, other than Foreign Direct Investments?

(a) Non-Resident Indians

(b) Overseas citizens of India

(c) Both (a) & (b)

(d) None of the these

Answer: (c) Both (a) & (b)


12. In any economy, the foreign Direct Investment:

(a) Is meant for setting up of business.

(b) Brings forex investment

(c) Enhances employment opportunities

(d) All of the above.

Answer: (d) All of the above.


13. OCI refers to _________.

(a) Overseas citizens of India

(b) Overseas Corporate Investors

(c) Other Corporate Investors

(d) None of these

Answer: (a) Overseas citizens of India


14. As a part of series of measures taken towards liberalizing foreign investment, permission was grouted to _________ to invest up to 100 percent capital in priorities sectors.

(a) Non-Resident Indians

(b) Overseas Corporate Bodies

(c) Both (a) & (b)

(d) 100 percent Capital is never allowed.

Answer: (c) Both (a) & (b)


15. OCBs mean:

(a) Overseas Corporate Bodies

(b) Ordnance Commission Bilateral Secretariat

(c) Oversees Civic Boards

(d) Oversees Commercial Bilateral Treaties

Answer: (a) Overseas Corporate Bodies


16. FEMA replaced FERA in _________.

(a) 2004

(b) 2000

(c) 1991

(d) 1999

Answer: (d) 1999


17. The _________ Companies in India are examples of FDI presence in India during the past liberalization days.

(a) Samsung, Sony and HP

(b) Coke, Pepsico and Microsoft

(c) General Motors, Hyundai, Honda, Toyota, Volkswagen & Volvo

(d) All of the above.

Answer: (d) All of the above.


18. Which one of the following measures was taken towards liberalizing foreign investment?

(a) Automatic permission for technology agreements in high prio-rity industries.

(b) Removal of restrictions on FDI in low technology areas.

(c) Liberalization of technology imports.

(d) All of the above.

Answer: (d) All of the above.


19. In order to give protection to foreign investments, the Government has signed the convention of _________.

(a) Multilateral Investment Agree-ment.

(b) Multilateral Investment Rule.

(c) Multilateral Inflow Guarantee Agency.

(d) Multilateral Investment Guaran-tee Agency.

Answer: (d) Multilateral Investment Guaran-tee Agency.


20. _________ as a policy helped India in integrating the coun-try’s economy with the world economy.

(a) Globalization

(b) Privatization

(c) Social Regionalism

(d) None of these.

Answer: (a) Globalization


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