| 151 |
The exchange rate changes from ₹80 to ₹85 per US dollar under a flexible system. This means the rupee has: |
Economics/Business Economics
Foreign exchange rate |
Easy |
| 152 |
In a fixed exchange rate system, an official reduction in the value of the domestic currency is called: |
Economics/Business Economics
Foreign exchange rate |
Easy |
| 153 |
Why does the supply curve of foreign exchange usually slope upwards? |
Economics/Business Economics
Foreign exchange rate |
Medium |
| 154 |
Indian residents suddenly increase their travel to Europe. Under a flexible exchange rate, what is the likely… |
Economics/Business Economics
Foreign exchange rate |
Medium |
| 155 |
Which description fits a managed floating exchange rate? |
Economics/Business Economics
Foreign exchange rate |
Hard |
| 156 |
Which land settlement system allowed landlords to collect rent from cultivators with little interest in impro… |
Economics/Business Economics
Indian economy on the eve of independence |
Easy |
| 157 |
In which year were railways introduced in India? |
Economics/Business Economics
Indian economy on the eve of independence |
Easy |
| 158 |
India had a large export surplus under colonial rule. Why did this not lead to a build-up of gold and foreign… |
Economics/Business Economics
Indian economy on the eve of independence |
Medium |
| 159 |
The decline of Indian handicrafts under colonial rule was mainly due to: |
Economics/Business Economics
Indian economy on the eve of independence |
Medium |
| 160 |
Which statement best describes the purpose of railways built under British rule? |
Economics/Business Economics
Indian economy on the eve of independence |
Hard |
| 161 |
The Planning Commission of India was set up in: |
Economics/Business Economics
Five Year Plans |
Easy |
| 162 |
An economic system in which both the state and the private sector play a role is called a: |
Economics/Business Economics
Five Year Plans |
Easy |
| 163 |
A farmer starts using a new high-yielding variety of seeds in place of traditional seeds. Which goal of plann… |
Economics/Business Economics
Five Year Plans |
Medium |
| 164 |
The policy of avoiding food imports by producing enough food within the country reflects the goal of: |
Economics/Business Economics
Five Year Plans |
Medium |
| 165 |
Why can the goals of growth and employment sometimes conflict in planning? |
Economics/Business Economics
Five Year Plans |
Hard |
| 166 |
The principle of "land to the tiller" means that: |
Economics/Business Economics
Agriculture: features, problems and policies |
Easy |
| 167 |
The Green Revolution is associated mainly with the use of: |
Economics/Business Economics
Agriculture: features, problems and policies |
Easy |
| 168 |
Fixing the maximum amount of land that a person can own is called: |
Economics/Business Economics
Agriculture: features, problems and policies |
Medium |
| 169 |
The first phase of the Green Revolution benefited mainly: |
Economics/Business Economics
Agriculture: features, problems and policies |
Medium |
| 170 |
Why did a larger marketable surplus after the Green Revolution help the government? |
Economics/Business Economics
Agriculture: features, problems and policies |
Hard |
| 171 |
Under the Industrial Policy Resolution 1956, a private firm wishing to start a new industrial unit generally … |
Economics/Business Economics
Industry: features, problems and policies |
Easy |
| 172 |
Small-scale industries were promoted after independence mainly because they are: |
Economics/Business Economics
Industry: features, problems and policies |
Easy |
| 173 |
How many categories of industries were defined by the Industrial Policy Resolution 1956? |
Economics/Business Economics
Industry: features, problems and policies |
Medium |
| 174 |
Licences were given more easily for setting up units in economically backward areas. What was the main aim of… |
Economics/Business Economics
Industry: features, problems and policies |
Medium |
| 175 |
Why were certain products reserved for production by small-scale industries? |
Economics/Business Economics
Industry: features, problems and policies |
Hard |
| 176 |
The trade strategy of replacing imports with domestic production is called: |
Economics/Business Economics
Foreign trade |
Easy |
| 177 |
A limit on the quantity of a good that may be imported is a: |
Economics/Business Economics
Foreign trade |
Easy |
| 178 |
The infant industry argument for protection says that: |
Economics/Business Economics
Foreign trade |
Medium |
| 179 |
Which tool of protection also directly raises government revenue? |
Economics/Business Economics
Foreign trade |
Medium |
| 180 |
Which was a major criticism of India's long-running import substitution policy? |
Economics/Business Economics
Foreign trade |
Hard |
| 181 |
Selling part of the government's equity in a public sector enterprise to the public is called: |
Economics/Business Economics
Liberalisation, privatisation and globalisation |
Easy |
| 182 |
The World Trade Organisation was founded in 1995 as the successor to: |
Economics/Business Economics
Liberalisation, privatisation and globalisation |
Easy |
| 183 |
Removal of industrial licensing for most products in 1991 is an example of: |
Economics/Business Economics
Liberalisation, privatisation and globalisation |
Medium |
| 184 |
An American bank hires a firm in India to handle its customer phone calls. This is an example of: |
Economics/Business Economics
Liberalisation, privatisation and globalisation |
Medium |
| 185 |
Which of the following was a stabilisation measure rather than a structural reform measure in 1991? |
Economics/Business Economics
Liberalisation, privatisation and globalisation |
Hard |
| 186 |
Which sector contributed most to India's GDP growth after the 1991 reforms? |
Economics/Business Economics
Appraisal of LPG policies |
Easy |
| 187 |
The term "jobless growth" refers to a situation in which: |
Economics/Business Economics
Appraisal of LPG policies |
Easy |
| 188 |
Critics argue that agriculture was hurt by the reforms mainly because: |
Economics/Business Economics
Appraisal of LPG policies |
Medium |
| 189 |
A small domestic toy maker loses customers after cheaper imported toys enter the market following tariff cuts… |
Economics/Business Economics
Appraisal of LPG policies |
Medium |
| 190 |
Which argument is used by critics of disinvestment in India? |
Economics/Business Economics
Appraisal of LPG policies |
Hard |
| 191 |
Which of the following is a source of human capital formation? |
Economics/Business Economics
Human capital formation |
Easy |
| 192 |
The Right to Education Act (2009) provides free and compulsory education for children aged: |
Economics/Business Economics
Human capital formation |
Easy |
| 193 |
A software engineer moves from a small town to a large city for a better-paid job. In human capital theory, t… |
Economics/Business Economics
Human capital formation |
Medium |
| 194 |
How does human development differ from human capital in its view of education and health? |
Economics/Business Economics
Human capital formation |
Medium |
| 195 |
Which feature distinguishes human capital from physical capital? |
Economics/Business Economics
Human capital formation |
Hard |
| 196 |
The apex institution coordinating rural financing in India is: |
Economics/Business Economics
Rural development |
Easy |
| 197 |
Farming without synthetic fertilisers and pesticides, using natural inputs to maintain soil health, is called: |
Economics/Business Economics
Rural development |
Easy |
| 198 |
A group of village women each save a small amount every month and give small loans to members from this pool.… |
Economics/Business Economics
Rural development |
Medium |
| 199 |
A farmer starts poultry and fish farming in addition to growing crops. What is the main benefit of this diver… |
Economics/Business Economics
Rural development |
Medium |
| 200 |
Why do farmers especially need credit facilities? |
Economics/Business Economics
Rural development |
Hard |