Tag: history

Questions Related to history

When was the NEP introduced?

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

  1. 1980

  2. 1991

  3. 1990

  4. 1986

Show answer
Correct Option: B
Explanation:
In 1991, India met with an economic crisis relating to its external debt. India agreed to the conditionalities of World Bank and IMF and announced the New Economic Policy (NEP). The NEP, introduced in 1991, consisted of wide ranging economic reforms.

Who among the following cannot open 'No Frill Account' in a bank?

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

  1. Agricultural labourer

  2. Student

  3. A small firm selling white goods

  4. Farmer

Show answer
Correct Option: C
Explanation:

No Frill Account is a basic banking account that requires either nil minimum balance or very low minimum balance. Charge applicable to such accounts are low. Services available to such accounts are limited. 

Firms selling white goods are not likely to have low amounts in the account due to their monetary transactions that happen on a regular basis.

Which of the following organisations is created specially for providing credit to small and medium enterprises in India?

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

  1. NABARD

  2. SIDBI

  3. ECGC

  4. AMFI

Show answer
Correct Option: B
Explanation:

Small Industries Development Bank of India (SIDBI): Established as wholly owned subsidiary of IDBI and SIDBI Act 1989. Its headquarters is in Lucknow. It has 5 regional and 21 branch offices across the country. It is the principal financial institution for, promotion, financing and development of industries in the small scale sectors. It also co-ordinates the agencies which provides finance to small enterprises.

In context of business and banking, what is CRAR?

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

  1. Capital to Risk (Weighted) Asset Ratio

  2. Credit to Risk Asset Ratio

  3. Credit to Risk Assessment Ratio

  4. Capital to Risk Assessment Rate

Show answer
Correct Option: A
Explanation:

Capital Adequacy Ratio (CAR), also called Capital to Risk (Weighted) Asset Ratio (CRAR) is a ratio of Bank's capital to its risk. Capital Adequacy Ratios are a measure of the amount of Bank's core capital expressed as a percentage of its risk-weighted asset.

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

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

  1. Services

  2. Agriculture

  3. Industry

  4. Both Agriculture and Industry

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Correct Option: A

Which of the following would result in a fall in asset prices?

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

  1. Low liquidity in the economy

  2. High liquidity in the economy

  3. RBI increasing the Reverse Repo Rates

  4. RBI allowing more banks to play

Show answer
Correct Option: A

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

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

  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

Show answer
Correct Option: D
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.

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

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

  1. general budget

  2. common budget

  3. annual budget

  4. finance report of the year

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Correct Option: A

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

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

  1. Results of January-March

  2. Performance during April-June

  3. Profits during July-September

  4. The period when the profits are highest

Show answer
Correct Option: B
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

Which of the following does POSCO manufacture?

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

  1. Cement

  2. Pharma products

  3. Steel

  4. Textiles

Show answer
Correct Option: C
Explanation:

POSCO (formerly Pohang Iron and Steel Company) is a multinational steel-making company headquartered in Pohang, South Korea.