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Questions Related to insights on lpg

The International Finance Corporation's main function is to assist.

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

  1. Public sector undertakings

  2. Private enterprise

  3. The Government in the Planning processes

  4. Small Scale Industries only

Show answer
Correct Option: B
Explanation:

The International Finance Corporation (IFC) is part of the World Bank Group. It is the largest global development institution focused on private sector development in low income and other emerging markets helping to generate productive jobs and deliver essential services to the undeserved.

'Maastricht Treaty' is related to ______________.

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

  1. Environment Unification

  2. Europe Unification

  3. Limitation of Atomic Power

  4. Unification of East and West Germany

Show answer
Correct Option: B
Explanation:

The Maastricht Treaty is officially the Treaty on European Union, it was signed on 7 February 1992 by the members of the European Communities in Maastricht, Netherlands, to further European integration. It established the European Union.
European citizenship was created, allowing citizens to reside in and move freely between the Member States. a common foreign and security policy was established. closer cooperation between police and the judiciary in criminal matters was agreed.

The International Monetary Fund was established in _________.

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

  1. 1919

  2. 1930

  3. 1945

  4. 1947

Show answer
Correct Option: C
Explanation:

The International Monetary Fund (IMF) was established in 1945 as an international fund for economic cooperation which was a result of the Bretton Woods Conference held in the year 1944.

The Headquarters of 'Economic and Social Commission for Asia and Pacific' is at _____________.

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

  1. Singapore

  2. Bangkok

  3. Manila $7$

  4. Hong Kong

Show answer
Correct Option: B
Explanation:

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has its Headquarters in Bangkok, Thailand .The Commission maintains five subregional offices in order to better target and deliver programs.

Which statement is true for IMF?

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

  1. It is not an agency of UNO

  2. It can grant loan to any country of the world

  3. It can grant loan to State Government of a country

  4. It grants loan only to member nations

Show answer
Correct Option: D
Explanation:

IMF loans are meant to help member countries tackle balance of payments problems, stabilize their economies, and restore sustainable economic growth. The IMF is not a development bank and, unlike the World Bank and other development agencies, it does not finance projects.

India has witnessed a number of acute problems immediately prior to implementation of economic reforms in early $1990$'s. Among the following, which one was severe and unmanageable?

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

  1. Industrial backwardness

  2. Balance of payments crisis

  3. Backwardness of agriculture

  4. Shortage of food grains

Show answer
Correct Option: B
Explanation:

India was facing major BOP deficit issues since $1985$ and had borrowed from international bodies heavily to solve to BOP problem. However, it kept on rising and by the end of 1990 it turned in to serious crisis like situation. The foreign exchange reserves were at an all time low and the IMF refused to provide further assistance.

Consider the following statements regarding the features of the World Bank:
$1$. The Board of Governors is the supreme body
$2$. The voting power of the Governor of a member country is related to the financial contribution of the country concerned.
$3$. It gives short-term loan to its members to correct their temporary balance of payments disequilibrium.
Which one of the statements given above is/are correct?

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

  1. $1$ only

  2. $1$ and $2$

  3. $2$ and $3$

  4. $1, 2$ and $3$

Show answer
Correct Option: B
Explanation:

World Bank is the world's foremost inter-governmental organisation. It was set up in July $1944$ at the Bretton-Woods Conference. The Board of Governors is the supreme body of the World Bank, wherein each Governor is a representative of one of the member countries. The voting power of the Governor is based on the financial contribution of the country they represent.
It provides long-term loan to its member countries for economic development programmes and structural changes.

In the post-liberalisation period, the share of direct taxes in gross tax revenue in India has __________.

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

  1. increased

  2. decreased

  3. first increased and then decreased

  4. remained the same

Show answer
Correct Option: A
Explanation:

In the post-liberalisation period, the share of direct taxes in gross tax revenue in India has increased.

Which of the following factors are largely responsible for industrial sickness in India?
$1$. Faulty planning
$2$. Mismanagement
$3$. Inadequate equity capital
$4$. Outdated technology
Select the correct answer using the codes given.

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

  1. $1, 2$ and $3$

  2. $2, 3$ and $4$

  3. $1, 2$ and $4$

  4. $1, 3$ and $4$

Show answer
Correct Option: B
Explanation:

The factors, which are responsible for industrial sickness in India, are mismanagement, inadequate equity capital and outdated technology.

Which one of the following states accounts for the bulk of production of coal in India?

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

  1. Madhya Pradesh

  2. Maharashtra

  3. Jharkhand

  4. Odisha

Show answer
Correct Option: C
Explanation:

Earlier Bihar was the largest coal producer in India, but now after the division of Bihar the first position in production of coal is achieved by Jharkhand.