Business Environment 1. In which production India has attained self-sufficiency?
Fertilizers Edible oil Petroleum Food grains View answer Correct answer: (D)
2. Closed economy' is one in which
Only export takes place Neither exports nor imports take place Money supply is fully controlled Exchange rates are under a full control of the government View answer Correct answer: (B)
3. The largest share in India's national income is from
Service sector Agriculture sector Manufacturing sector Trade sector View answer Correct answer: (A)
4. Which of the following countries per capita income is the highest?
India Bangladesh Thailand Pakistan View answer Correct answer: (C)
5. Which of the following is not a fundamental right enshrined in the Indian Constitution?
Right to freedom of religion Right to equality Right to equal pay for equal work for men as well as women Right to freedom of thought and expression View answer Correct answer: (C)
6. Among the supply side measures to control inflation is
Curtailing public expenditure Mopping up excess liquidity through taxation Credit control measures of RBI Maintaining price levels through 'administered price mechanism' and 'effective PDS' View answer Correct answer: (D)
7. Which of the following items is not included in a country’s balance of payments?
Shipping services Interest received from abroad Import and export duties Tourists' expenditure View answer Correct answer: (C)
8. Which of the following is the most integrated form of regional economic arrangement?
Customs union Economic union Free trade area Multilateral trading area View answer Correct answer: (B)
9. A situation where a country exports a product at a price below its cost of production.
Full cost pricing New protectionism Dumping Price skimming View answer Correct answer: (C)
10. Coca Cola is a good example of a ___________________ MNC (Multinational Corporation).
conglomerate free-standing vertically integrated horizontally integrated View answer Correct answer: (A)