Tag: civics

Quizzes (292) Questions (3031)

Questions Related to civics

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

India has the _____ largest telecom network in the world.

  1. First

  2. Fifth

  3. Seventh

  4. Tenth
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India's telecommunication network is the second largest in the world by number of telephone users (both fixed and mobile phone) with 1.053 billion subscribers as on 31 August 2016. It has one of the lowest call tariffs in the world enabled by mega telecom operators and hyper-competition among them. India has the world's second-largest Internet user-base. As on 31 March 2016, there were 342.65 million internet subscribers in the country.

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

_____ is the linkage of nation's markets with global markets.

  1. Liberalisation

  2. Privatisation

  3. Globalisation

  4. Systemisation
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Globalisation refers to the integration of markets in the global economy.  Markets where globalisation is particularly common include financial markets, such as capital markets, mone and credit markets, and insurance markets, commodity markets, such as markets for oil, coffee, tin, and gold, and product markets, such as markets for motor vehicles and consumer electronics.

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

Which feature was not included in the new industrial policy in 1991?

  1. Privatisation

  2. Liberalisation

  3. Nationalisation

  4. Globalisation
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Nationalisation was not included in the Industrial Policy of 1991. The policy envisaged disinvestment of government equity in public sector to mutual funds, financial institutions, the general public, and workers.

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

Agriculture is subject to ____________.

  1. The Law of Diminishing Returns

  2. Law of Increasing Returns

  3. Both (a) and (b)

  4. Neither of the two
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Agriculture is subject to the Law of Diminishing Returns. 

As we know that, when we employ more and more variable factors with the fixed factors, it results in a lower marginal product, thus leading to the Law of Diminishing Returns. In agriculture, the land is a fixed factor as it cannot be increased or decreased as per the choice of an agriculturist. When factors of production which are variable in nature are employed, Law of Diminishing Returns apply.

Thus, the correct answer is A.

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

The basic purpose of human development is to improve the well-being of people.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The basic purpose of human development is to improve the well-being of people. Human development is the science that seeks to understand how and why the people of all ages and circumstances change or remain the same over time

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

In India, strategic aspects like Arms and Ammunition, Atomic Energy, etc. belong to ____________.

  1. private sector

  2. public sector

  3. joint sector

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In India, strategic aspects like Arms and Ammunition, Atomic Energy, etc. belong to public sector. Only the public sector have the power to intervene in the above mentioned sectors since these sectors are reserved only within the purview of the public sector.

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

Government of India constituted a Tax Reforms Committee (TRC) in ________.

  1. August, 1957

  2. August, 1971

  3. August, 1981

  4. August, 1991
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Government of India constituted a Tax Reforms Committee (TRC) in August, 1991. Tax Reform Committee is also known as Raj Chelliah Committee. It is formed in order to reform direct and indirect taxes prevailing in India.

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

Economic reforms were introduced in the following sector(s) of the economy ____________.

  1. industrial and financial sector

  2. financial and fiscal sector

  3. monetary and fiscal sector

  4. industrial, financial, fiscal and external sector.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Economic reforms were introduced in the following sector(s) of the economy:
a) industrial sector
b) financial sector
c) fiscal sector
d) external sector
Economic reforms aims to create a more freer economy and uphold the liberalization, privatization and globalization. Economic reforms helps to promote economic growth and development.
Multiple choice civics foreign trade in india the government and economic development indian economy on the eve of independence impact of technology on livelihoods

After economic reform industrial licensing was abolished for _________.

  1. 18 industries

  2. 28 industries

  3. all industries, except 18 industries

  4. all industries
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

After economic reform industrial licensing was abolished for all industries, except 18 industries.Economic reforms aims to create a more freer economy and uphold the liberalization, privatization and globalization. Economic reforms helps to promote economic growth and development.

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

Economic reform is required to overcome the problem of:
(i)  Excess consumption and expenditure over revenue
(ii) Over protection to industry and heavy losses in public sector
(iii) Mismanagement of firm, economy and poor technological development
(iv) Mismanagement of foreign exchange reserve and shortage of foreign exchange

  1. (i) and (ii)

  2. (i) and (iii)

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

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Economic reform is required to overcome the problem of:
(i)  Excess consumption and expenditure over revenue
(ii) Over protection to industry and heavy losses in public sector
(iii) Mismanagement of firm, economy and poor technological development

(iv) Mismanagement of foreign exchange reserve and shortage of foreign exchange
Economic reforms aims to create a more freer economy and uphold the process of liberalization, privatization and globalization. It helps to achieve a higher economic growth and development.