Cluster · Indian Economic Policy and Foreign Trade

d
Clusters / #1244
tight score 0.45

Indian Economy Concepts and Policies
Questions
263
Questions in this cluster
260 total
Question Category Subtype Difficulty

The Indian economy is a/an_______.

[RRB NTPC CBT]

pipeline-1186427
gk intermediate

Which of the following statements is TRUE about a mixed economy?

[NTPC CBT 2]

pipeline-1186330
gk intermediate

With progressive delicensing of industries as part of liberalisation, which of the following is the industry that is removed from the requirement of license?

[SSC CPO 2024]

pipeline-1186323
gk intermediate

_____ restrict/s imports and help/s domestic producers from foreign competition.
(A) Tariffs
(B) Quotas

[SSC GD 2022]

pipeline-1186494
gk intermediate

Under ______ economy. ‘The decisions of what to produce, how much to produce and at what price to sell are taken by the market, by private enterprises, with the state having no economic role’.

[RRB NTPC CBT]

pipeline-1185059
gk intermediate

Which of these is NOT a characteristic of a free-enterprise economy?

[SSC CHSL 2023]

pipeline-1184979
gk intermediate

Which of the following statements is correct regarding the socialist society in the economy?
I. The government decides what goods are to be produced.
II. Distribution of goods under socialism is supposed to be based on what people need.

[SSC CHSL 2022]

pipeline-1184974
gk intermediate

Private ownership of the means of production is a feature of a ______ economy.

[SSC CGL 2019]

pipeline-1184973
gk intermediate

Which of the following is not one of the basic questions every society needs to answer?

[SSC CHSL 2023]

pipeline-1184969
gk intermediate

In a capitalist society the goods produced are distributed among people .

[SSC GD 2024]

pipeline-1184968
gk intermediate

Although there was a category of industries left to the private sector, the sector was kept under state control through a system of licenses. No new industry was allowed unless a license was obtained from the government. The above lines are about which of the following ?

[SSC GD 2022]

pipeline-1185585
gk intermediate

In_____ economies, all productive resources are owned and controlled by the government.

[SSC CGL 2019]

pipeline-1184983
gk intermediate

In which one of the following types of economy are the factors of production owned individually?

[RRB NTPC CBT]

pipeline-1184981
gk intermediate

The sale of government assets is also known as:

pipeline-1306001
mp_police intermediate

Which of the following is/are related to Special Economic Zones (SEZ)?

I. Import of goods for free domestic procurement or circulation, maintenance and development of SEZ units.

II. There is a single window of clearance for central and state level approvals.

III. Custom officials do not go for regular checking of goods for import and export.

pipeline-1306099
mp_police intermediate

What is the meaning of dumping in the context of international trade?

pipeline-1306201
mp_police intermediate

Which of the following is a push factor of globalisation of business?

pipeline-1305998
mp_police intermediate

Which of the following is NOT a component of liberalisation?

pipeline-1302190
mp_police intermediate

________ means the transfer of ownership, management and control of public sector enterprises to the private sector.

pipeline-1300243
mp_police intermediate

The sale or liquidation of assets by the government , usually Cent ral and State public sect orent erprises, project s, or other fixed assets is called ______.

pipeline-1300241
mp_police intermediate

Which of the following methods can be used for liberalisation?

pipeline-1305707
mp_police intermediate

The difference between exports and imports is called ____________________.

pipeline-1300240
mp_police intermediate

Economic planning is an essential feature of which of the following economies?

pipeline-1305801
mp_police intermediate

______ refers to the measure related to the sale of assets for the achievement of some purpose.

pipeline-1293056
mp_police intermediate

How can currency depreciation stimulate an increase in net exports?

1. By reducing export costs
2. By reducing import prices

Select the answer using the code given below :

pipeline-1291674
mp_police intermediate

Which of the following is correct statement about Industrial Policy Resolution 1956? 

I. This resolution formed the basis of the Second Five Year Plan, the plan which tried to build the basis for a socialist pattern of society. 

II. This resolution classified industries into two categories only. The first category comprised industries which would be exclusively owned by the private sector.

pipeline-1292954
mp_police intermediate

The economic reforms of 1991 aimed to transform India into which of the following types of economy?

pipeline-1290549
mp_police intermediate

Which of the following is the most traditional mode of entering into the foreign market?

pipeline-1286195
mp_police intermediate

Which of the following refers to the transfer of ownership, management and control of public sector enterprises to private sector entrepreneurs?

pipeline-1272178
mp_police intermediate

The industrial sector of the country was divided into how many schedules under the Industrial Policy Resolution 1956?

pipeline-1333880
bihar_police intermediate

In 1991, India met with an economic crisis due to ________.

pipeline-1333878
bihar_police intermediate

In which year was the rupee devalued for the first time by nearly 37%?

pipeline-1333881
bihar_police intermediate

Import substitution strategy is commonly called ____________.

pipeline-1335755
bihar_police intermediate

In which type of economy there is neither exports nor imports?

pipeline-1335651
bihar_police intermediate

Which of the following is the function of trade barriers?

pipeline-1335750
bihar_police intermediate

How can currency depreciation stimulate an increase in net exports?

1. By reducing export costs
2. By reducing import prices

Select the answer using the code given below :

pipeline-1323755
bihar_police intermediate

The sale of government assets is also known as:

pipeline-1318199
bihar_police intermediate

What is the meaning of dumping in the context of international trade?

pipeline-1318207
bihar_police intermediate

Which of the following is called investment by a resident direct investor in a non-resident direct investment enterprise?

pipeline-1323947
bihar_police intermediate

Which of the following is/are related to Special Economic Zones (SEZ)?

I. Import of goods for free domestic procurement or circulation, maintenance and development of SEZ units.

II. There is a single window of clearance for central and state level approvals.

III. Custom officials do not go for regular checking of goods for import and export.

pipeline-1318201
bihar_police intermediate

Which of the following methods can be used for liberalisation?

pipeline-1318106
bihar_police intermediate

The sale or liquidation of assets by the government , usually Cent ral and State public sect orent erprises, project s, or other fixed assets is called ______.

pipeline-1318025
bihar_police intermediate

________ means the transfer of ownership, management and control of public sector enterprises to the private sector.

pipeline-1318027
bihar_police intermediate

Which of the following is NOT a component of liberalisation?

pipeline-1318032
bihar_police intermediate

The difference between exports and imports is called ____________________.

pipeline-1318098
bihar_police intermediate

Which of the following is a push factor of globalisation of business?

pipeline-1318108
bihar_police intermediate

Economic planning is an essential feature of which of the following economies?

pipeline-1318099
bihar_police intermediate

In 1991, the Indian rupee was devalued in how many steps?

pipeline-1297840
bihar_police intermediate

Private ownership of the means of production is a feature of a _______ economy.

pipeline-442369
bihar_police intermediate

Which among the following type of Economies, “Laissez Faire” is associated with?

pipeline-435740
bihar_police intermediate
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