FREE Bachelor of Commerce: Economics Questions and Answers

Question 1

Which of the following aspects of the New Industrial Policy of 1991 wasn't present?

Accepted Answer

setting up of new public sector enterprises

Answer

permitted foreign investment

Answer

removal of mrto limit

Answer

abolition of industrial licensing

Question 2

One of the measures taken to increase the effectiveness of the public sector was

Accepted Answer

raising fresh equity from the market

Answer

maintaining public sector monopoly

Answer

increasing government\s shareholding in public enterprises

Answer

increasing operational control on public enterprises by the government

Question 3

Which of the following was a significant banking industry reform that was implemented in 1991?

Accepted Answer

introduction of prudential norms

Answer

rbi determined interest rates

Answer

reduce slr

Answer

raising slr and cpr

Question 4

Health insurance is provided by Rashtriya Swasthya Bima Yojana to

Accepted Answer

workers in the unorganized sector

Answer

the entire population

Answer

workers in the organized sector

Answer

only women and children

Question 5

India's agricultural prices are

Accepted Answer

uncertain

Answer

same

Answer

very remunerative

Answer

very certain

Question 6

Agriculture price regulation is necessary to

Accepted Answer

provide incentives to farmers

Answer

to increase income inequality

Answer

trade policy

Answer

to encourage farmers to spend more

Question 7

Farmers are guaranteed a minimum support price.

Accepted Answer

floor price

Answer

low income

Answer

competitive price

Answer

high income

Question 8

Issue The cost is what the government charges for food grains.

Accepted Answer

to ration shops

Answer

in the open market

Answer

low price

Answer

to the middlemen

Question 9

Fair price businesses safeguard the interests of

Accepted Answer

poor consumers

Answer

poor traders

Answer

poor farmers

Answer

poor people

Question 10

Price policy mostly has advantages

Accepted Answer

large farmers

Answer

marginal farmers

Answer

middle man

Answer

small farmers