Economics Quiz- 6 | My Online Pathshala

1. One of the objectives of Industrial Licensing Policy in India was to ensure :

(a) creation of adequate employment opportunities.

(b) free flow of foreign capital In Indian Industries.

(d) balanced Industrial development across regions.

Correct! Wrong!

Ans.:- (d)

2. Currency notes of Rs. 2 denomination and above are liabilities of -

(a) Government of India

(b) Reserve Bank of India

(d) All of the above

Correct! Wrong!

Ans.:- (b)

3. RBI does not transact the business of which State Government ?

(a) Nagaland

(b) Jammu and Kashmir

(d) Assam

Correct! Wrong!

Ans.:- (b)

4. Token privatisation or deficit privatisation of public sector units occur when the government sells

(a) 5% of shares

(b) 10% of shares

(d) 20% of shares

Correct! Wrong!

Ans.:- (a)

5. The Narasimhan Committee (1991) on financial reforms proposed for establishment of a -

(a) Four tier hierarchy of the Banking structure

(b) Three tier hierarchy of the Banking structure

(d) Unified control by the apex institutions

Correct! Wrong!

Ans.:- (a)

6. Which one of the following is not an industrial finance institution?

(a) UTI

(b) ICICI

(d) SFCs

Correct! Wrong!

Ans.:- (c)

7. Which of the following is the largest employer in India?

(a) Food Corporation of India

(b) Posts and Telegraphs Department

(d) Steel Authority of India

Correct! Wrong!

Ans.:- (c)

8. The principal reason why national economic planning is still being pursued inspite of embracing a market economy since 1991 is that:

(a) the vast quantity of capital already deployed in the public sector needs to be nurtured

(b) the market economy is mainly confined to industry and commerce and central planning in agriculture is necessary

(d) Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions

Correct! Wrong!

Ans.:- (d)

9. India has:

(a) Socialistic economy

(b) Gandhian economy

(d) Free economy

Correct! Wrong!

Ans.:- (c)

10. India opted for ‘Mixed Economy’ in :

(a) Framing of the Constitution

(b) Second Five Year Plan

(d) None of the above

Correct! Wrong!

Ans.:- (c)

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