Tag: economic system and economic policies

Quizzes (1) Questions (93)

Questions Related to economic system and economic policies

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

Which of the following sector(s) make(s) maximum contribution to the national income of India?

  1. Services

  2. Agriculture

  3. Industry

  4. Both Agriculture and Industry
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The services sector has consistently been the largest contributor to India's GDP for several decades, significantly outpacing both agriculture and industry in terms of value added.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

The full form for BIFR, in the context of the Indian Industry is _________.

  1. Board for Investment and Financial Redevelopment

  2. Bureau for Industrial and Financial Revolution

  3. Board for Investment and Formal Reconstruction

  4. Board for Industrial and Financial Reconstruction
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Board for Industrial and Financial Reconstruction (BIFR): BIFR was established under the Sick Industrial Companies (Special Pro-visions) Act 1985 (SICA). It is an agency of Government of India, part of the Department of Financial services of the Ministry of Finance. Its objective is to determine sickness of industrial companies and to assist in reviewing those that may be viable and shutting down the others.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

Union Budget, which is presented every year in the parliament, is also known as the ________.

  1. general budget

  2. common budget

  3. annual budget

  4. finance report of the year
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Union Budget is formally referred to as the Annual Financial Statement under Article 112 of the Indian Constitution, but it is commonly called the General Budget.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

The financial results of banks and other organisations normally are expressed in quarters. What does Q-1 mean?

  1. Results of January-March

  2. Performance during April-June

  3. Profits during July-September

  4. The period when the profits are highest
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

First Quarter $(Q _1)$ : April-June
Second Quarter $(Q _2)$ : July-September
Third Quarter $(Q _3)$ : October-December
Fourth Quarter $(Q _4)$ : January-March

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

The Finance Minister of India in one of his press conferences said that inflationary pressure is likely to continue following recent increase in rates of some commodities in international markets. Which of the following commodities was he referring to as it gets frequent increase at international levels and disturbs our Home Economy substantially?

  1. Gold and Silver

  2. Petroleum products

  3. Tea and Coffee

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

India is a major importer of crude oil. Fluctuations in international petroleum prices have a direct and significant impact on India's inflation, trade deficit, and overall economic stability.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

Distribution of insurance products and insurance policies by banks as corporate agents is known as _________.

  1. general Insurance

  2. non-life insurance

  3. bancassurance

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

Bancassurance is a partnership between a bank and an insurance company where the bank sells the insurance company's products to its existing customer base.