Tag: the government and economic development

Quizzes (9) Questions (98)

Questions Related to the government and economic 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

For reform of direct and indirect tax laws Government of India constituted __________.

  1. Central Board of Direct Tax (CBDT)

  2. Tax Planning Commission

  3. Tax Reform Committee (TRC)

  4. Direct and Indirect Tax Board
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

For reform of direct and indirect tax laws Government of India constituted Tax Reform Committee. This Tax reform committee is also known as Raj Chelliah Committee. This committee helped to lay out agendas concerning India's direct and indirect tax.

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

Disinvestment was done in _______________.

  1. public sector

  2. co-operative sector

  3. private sector

  4. joint sector
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Disinvestment was done in public sector. Disinvestment is included in the process of privatization. It means transfer of ownership of public sector to private 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

New economic reforms in India were introduced in ________.

  1. 1990

  2. 1991

  3. 2000

  4. 2001
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

New economic reforms in India were introduced in 1991. This new economic reform is based on LPG theme. LPG stands for Liberalization, Privatization and Globalization. This economic reform helps to create a more free economy.

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

Reservation for public sector has been reduced to only _________ industry groups.

  1. two

  2. four

  3. three

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

Reservation for public sector has been reduced to only three industry groups. It is reduced in order to promote free and fair trade and uphold the process of liberalization.

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 of the following is not the main feature of economic reforms?

  1. Liberalization

  2. Privatization

  3. Planned economy

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

Panned economy is not the main feature of economic reforms. New economic policy was adopted by the Government of India in the year of 1991. It was based on liberalization, privatization and globalization. It helped to create a more free economy.

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 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

  1. (i) Only

  2. (ii) Only

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

  4. (i) ,(ii), (iii) and (iv)
Reveal answer Fill a bubble to check yourself
B Correct answer
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.

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

Navratnas does not include __________.

  1. BEL

  2. BPCL

  3. MTNL

  4. OIL
Reveal answer Fill a bubble to check yourself
B Correct answer
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

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

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

  1. 20%

  2. 24%

  3. 35%

  4. 40%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Based on historical economic data for India around 2013-14, oil and lubricants accounted for a significant portion of the import bill, typically around 35%.

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

'Public Sector' means ___________.

  1. government ownership on commerce and trade

  2. capitalist ownership on commerce and trade

  3. private ownership on trade

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

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

  1. 1950

  2. 1952

  3. 1956

  4. 1960
Reveal answer Fill a bubble to check yourself
C Correct answer
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.