1. In which among the following years, a new “Liberalized Industrial Policy” in India was announced for the first time?
[A] 1986
[B] 1991
[C] 1992
[D] 1993
2. In which among the following years, the MRTP act became effective?
[A] 1970
[B] 1972
[C] 1975
[D] 1978
3. In the Industrial Policy of 1991, how many industries were reserved only for Public Sector?
[A] 7
[B] 8
[C] 11
[D] 13
4. In an oligopolistic or monopolistically competitive market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept ?
[A] Supracompetitive pricing
[B] Swing Demand
[C] Kinked Demand
[D] Imperfect competition
5. Which among the following was NOT a reason behind India’s poverty as pointed out by Dadabhai Naoroji in his famous work “Poverty and Un-British Rule in India” ?
[A] Expenditure of the European Officials in England
[B] Money sent by the British professionals to England
[C] India’s Population growth
[D] Bringing of British Capital in India
6. Which among the following was the first deepwater block in India to start production?
[A] Krishna Godavari D-6
[B] Mahanadi deepwater block NEC-DWN-2002/1
[C] SB-11
[D] KG-DWN- 2005/2
7. Which among the following represents a decrease in the Owner’s equity?
[A] Issue of Bonus Shares
[B] Redemption of the Debentures
[C] Redemption of the Preference Shares
[D] Purchase of the Building
8. Which among the following will be a debit entry in India’s balance of payments?
[A] Imports of goods by India
[B] Income of Indian investments abroad
[C] Receipts of transfer payments
[D] Exports of services by India
ANSWER:-
1)[B] 1991
2)[A] 1970
3)[B] 8
4)[C] Kinked Demand
5)[C] India’s Population growth
6)[A] Krishna Godavari D-6
7)[B] Redemption of the Debentures
8)[B] Income of Indian investments abroad
9)[C] Industrial Policy of 1948
10)[C]V. K. R. V. Rao
