Economics Practice Questions Set 9

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For India's Top Government Exams

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Which of the following is not the recommendation of the Arvind Mayaram Committee on Rationalizing the FDI/FPI definition (June 2014)? *

1 point

Foreign investment of 10 percent or more in a listed company will be treated as a foreign direct investment (FDI)

In a particular company, an investor can hold the investments either under the FPI (Foreign Portfolio Investment) route or under the FDI route, but not both

Any investment by way of equity shares, compulsorily convertible preference shares debentures which is less than 10 percent of the post issue paid-up equity capital of a company shall be treated as FPI

On NRI Investors, the Committee recommended treating non-repatriable investment as FDI

Private investment in Indian agriculture is mostly on labor-saving mechanization. This could be a response to ___
*

1 point

rising productivity of the agricultural sector

rising inequality in agriculture

rising wages and tighter labor market

debt write-off by the Government

Which of the following statements is/are correct?

1. The Marxist theory repudiates the idea of the atomized and alienated individual.
2. Marxism upholds the idea of the natural rights of men and individuals.
Select the correct answer using the code given below :

1 point

1 only

2 only

Both 1 and 2

Neither 1 nor 2

Which one of the following is not correct in the context of industrial clusters development in India?
*

1 point

Industrial clusters play an important role for the MSME participants in their inclusiveness, technology absorption, and efficiency improvement

Industrial clusters are visible in traditional handloom, handicrafts, and modern SME

Industrial cluster programs in India are administered by various ministries

Industrial clusters lead to the promotion of monopoly in the market

Which one of the following is the major source of gross tax revenue (GTR) for the Government of India?
*

1 point

Income tax

Corporation tax

Customs duty

Service tax

Which of the following statements in the context of the income-environment relationship is/are correct?
(1) Pollution trends tend to follow an inverse-U-shaped relationship across different stages of economic development.
(2) In the beginning stage, pollution increases due to urbanization and industrialization.
(3) In the later stage, pollution declines due to structural changes in the services sector.
Select the correct answer using the code given below. *

1 point

1 only

1 and 2 only

1, 2 and 3

2 and 3 only

Under flexible exchange rate system, the exchange rate is determined
*

1 point

predominantly by the market mechanism

by the Central Bank

as a weighted index of a group of currencies

by the World Trade Organization

The rise in the price of a commodity means
*

1 point

the rise in the value of currency only

fall in the value of currency only

the rise in the value of commodities only

fall in the value of currency and rise in the value of the commodity

An exceptional demand curve is one that slopes
*

1 point

downward to the right

upward to the right

horizontally

upward to the left

Demand for a commodity refers to ___
*

1 point

The desire for that commodity

Need for that commodity

Quantity demanded of that commodity

Quantity demanded at a certain price during any particular period of time

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