Practice Test


Q1) Gradual decrease in government command and control over the economic policies is Show Answer


Q2) Taking off restrictions on export and import of goods and services is Show Answer


Q3) Transfer of government ownership to private hands is Show Answer


Q4) Chanakya authored the book Show Answer


Q5) David Easton propounded a model on politics policy relationship known as __________ model. Show Answer


Q6) GST was implemented in India with effect from Show Answer


Q7) Public policies are always __________ oriented. Show Answer


Q8) __________ policies curtail all benefits in some particular issue. Show Answer


Q9) __________ model of Government has a strong private sector. Show Answer


Q10) practices regulate the activities of a particular sector of economy. Show Answer


Q11) OCB stands for Show Answer


Q12) Selling of shares of Public Sector Enterprises to public is Show Answer


Q13) FDI Stands for Show Answer


Q14) FDI is prohibited in India in Show Answer


Q15) FII stands for Show Answer


Q16) FEMA replaced FERA as legislation in: Show Answer


Q17) The form of privatization, where government keeps hold of responsibility and private enterprise handles the management of it fully or partly is known as: Show Answer


Q18) A __________ emanates from decision and decision is taken in line with __________. Identify the right expression to fill in the blanks Show Answer


Q19) In order to take a decision, there must be __________ course of action. Fill in the blank space with appropriate expression. Show Answer


Q20) The method of FDI other than Automatic route is called : Show Answer


Q21) Hyundai India Limited came to India through the FDI route. It followed the path of: Show Answer


Q22) ______ is a course or principle of action adopted or proposed by an organization or individual. Show Answer


Q23) Who was the regulatory body for controlling financial affairs in India before SEBI? Show Answer


Q24) MNCs have to align their operations according to the _____ of those nations where from they operate. Show Answer


Q25) Identify the one which may be considered as a public policy: Show Answer


Q26) Public Policies on monetary aspects, economy, market, taxes etc, are reflected in Show Answer


Q27) ___________ is a plan or course of action, of a Government, intended to influence and determine decisions, actions, and other matters Show Answer


Q28) Which of the following statement is correct? Show Answer


Q29) Public Policies are always __________. Fill in the gap by taking the appropriate expression from the following : Show Answer


Q30) Targets of the Government is called - Show Answer


Q31) Policy is concerned with the - Show Answer


Q32) Act of making choice is called Show Answer


Q33) Gabriel Almond popularized the idea of a - Show Answer


Q34) David Easton propounded a Model on Politics-Policy Relationship known as - Show Answer


Q35) OCBs mean: Show Answer


Q36) The Governments try to look for some avenues to look for a feedback process towards Public Policy. These processes are known as - Show Answer


Q37) Policies based on nature of economy is classified as- Show Answer


Q38) FEMA replaced FERA as legislation in: Show Answer


Q39) Which of the following is not an example of Public Policy? Show Answer


Q40) When was SEBI constituted? Show Answer


Q41) Public Policies are classified as - Show Answer


Q42) NABARD refinances the financial institutions which finances the ____ Show Answer


Q43) Waiving of farm loans is an example of - Show Answer


Q44) How many members of SEBI should be from RBI? Show Answer


Q45) Establishment of Central Board of Film Certification is an example of - Show Answer


Q46) Reforms in Dowry Act and Divorce Act are the examples of: Show Answer


Q47) The process by which a legislative proposal is brought before a law making body and then translated into the law of the land is called - Show Answer


Q48) Law making body at the Central Level in India - Show Answer


Q49) Law making body at the State Level in India - Show Answer


Q50) Where can be first appeal against SEBI be made? Show Answer


Q51) The Lower House in State Legislature - Show Answer


Q52) The Upper House in State Legislature - Show Answer


Q53) when a state has both Vidhan Sabha and Vidhan Parishad, the Proposed Bills should be passed Show Answer


Q54) Decisions on annual financial spending, Taxes and Duties and Military spending are considered in: Show Answer


Q55) The Economic Change Process is characterized by - Show Answer


Q56) Who regulates the currency in the country? Show Answer


Q57) The Economic Policy which refers to the gradual decrease in Government command and control over the economic policies - Show Answer


Q58) Transfer of Government Ownership to private hands is called - Show Answer


Q59) Which of the following institutions has been scrapped recently? Show Answer


Q60) Which of the following is an impact of Liberalization? Show Answer


Q61) Privatization may have an adverse effect on - Show Answer


Q62) Who cannot be a Foreign Direct Investor? Show Answer


Q63) In India, Foreign Investments is prohibited in - Show Answer


Q64) The form of privatization, where government keeps hold of responsibility and private enterprise handles the management of it fully or partly is known as: Show Answer


Q65) In case of Maruti Suzuki, the Union Government surrendered partial ownership and sold the majority stake to Suzuki of Japan in course of time. This is a case of: Show Answer


Q66) RBI Nationalized in _______. Show Answer


Q67) Which of the following is not a development bank? Show Answer


Q68) In case of NOCIL (National Organic Chemicals Industries Limited), the Reliance Industries Limited as a private enterprise expanded and gradually displaced the government entity. It was a case of: Show Answer


Q69) Blackrock invested 30 million USDs as a portfolio investor in Indian stock market. This may be a case of: Show Answer


Q70) Identify which of these is not a function of the Central Bank Show Answer


Q71) In order to take a decision, these must be _______ course of action. Fill in the blank space with appropriate expression. Show Answer


Q72) Simplification of trade restrictions related to import is an example of: Show Answer


Q73) When a Company publicly sells new stocks and bonds for the first time, it does so in - Show Answer


Q74) Hyundai India Limited came t India through the FDI route. It followed the path of: Show Answer


Q75) A situation in a market in which Sellers independently strive for the Buyers? patronage, in order to achieve certain business objective Show Answer


Q76) Increase in Competition leads to - Show Answer


Q77) After independence, India followed a: Show Answer


Q78) The process of economic liberalization in India began mainly in Show Answer


Q79) Partial or complete sale of a public sector enterprise is called Show Answer


Q80) Integration of national economies into a world economy is known as: Show Answer


Q81) The initial trigger for the policy of economic liberalization in India in 1991 was Show Answer


Q82) Which of the following is an example of industrial reforms: Show Answer


Q83) ________ is a course or principle of action adopted or proposed by an organization or individual. Show Answer


Q84) Who was the regulatory body for controlling financial affairs in India before SEBI? Show Answer


Q85) MNCs have to align their operations according to the _____ of those nations where from they operate. Show Answer


Q86) Identify the one which may be considered as a public policy: Show Answer


Q87) Public Policies on monetary aspects, economy, market, taxes etc. are reflected in Show Answer


Q88) _______ is a plan or course of action, of a Government, intended to influence and determine decisions, actions, and other matters. Show Answer


Q89) Which of the following statement is correct? Show Answer


Q90) Public Policies are always __________. Fill in the gap by taking the appropriate expression from the following: Show Answer


Q91) Targets of the Government is called - Show Answer


Q92) Policy is concerned with the - Show Answer


Q93) Act of making choice is called Show Answer


Q94) Gabriel Almond popularized the idea of a Show Answer


Q95) David Easton propounded a Model on Politics-Policy Relationship known as - Show Answer


Q96) OCBs mean: Show Answer


Q97) The Governments try to look for some avenues to look for a feedback process towards Public Policy. These processes are known as - Show Answer


Q98) Policies based on nature of economy is classified as - Show Answer


Q99) FEMA replaced FERA as legislation in: Show Answer


Q100) Which of the following is not an example of Public Policy? Show Answer


Q101) When was SEBI constituted? Show Answer


Q102) Public Policies are classified as - Show Answer


Q103) NABARD refinances the financial institutions which finances the ________ Show Answer


Q104) Waiving of farm loans is an example of - Show Answer


Q105) How many members of SEBI should be from RBI? Show Answer


Q106) Establishment of Central Board of Film Certification is an example of- Show Answer


Q107) Reforms in Dowry Act and Divorce Act are the examples of: Show Answer


Q108) The process by which a legislative proposal is brought before a law making body and then translated into the law of the land is called - Show Answer


Q109) NABARD serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in ________ Show Answer


Q110) Law making body at the Central Level in India - Show Answer


Q111) Law making body at the State Level in India - Show Answer


Q112) Where can the first appeal against SEBI be made? Show Answer


Q113) The Lower House in State Legislature - Show Answer


Q114) The Upper House in State Legislature - Show Answer


Q115) The EXIM bank does not perform one of the following functions: Show Answer


Q116) When a State has both Vidhan Sabha and Vidhan Parishad, the Proposed Bills should be passed - Show Answer


Q117) Decisions on annual financial spending, Taxes and Duties and Military spending are considered in: Show Answer


Q118) The Economic Change Process is characterized by - Show Answer


Q119) Who regulates the currency in the country? Show Answer


Q120) The Economic policy which refers to the gradual decrease in Government command and control over the economic policies Show Answer


Q121) NABARD is the most important institution in the country which looks after the development of the Show Answer


Q122) Transfer of Government Ownership to private hands is called - Show Answer


Q123) Which of the following institutions has been scrapped recently? Show Answer


Q124) Which of the following is an impact of Liberalization? Show Answer


Q125) Who of the following is not primarily a profit seeking institution? Show Answer


Q126) Privatization may have an adverse effect on - Show Answer


Q127) The RBI has been vested with extensive power to control and supervise commercial banking system under which Act? Show Answer


Q128) FDI involves the acquisition of atleast ______ of the voting power in an Enterprise by Foreign Investors. Show Answer


Q129) Who cannot be a Foreign Direct Investor? Show Answer


Q130) The Reserve Bank of India being the Central Bank of India performs all the central banking functions. Which one of the following is not the functions of RBI? Show Answer


Q131) A Watch Company of Malaysia investing in a textile Company in India is an example of Show Answer


Q132) Which one of the following is not the role of the Competition Commission of India? Show Answer


Q133) _______ is a process in which the Resident of one Country acquires ownership of Financial Assets / Securities in another Country. Show Answer


Q134) When was IRDAI constituted? Show Answer


Q135) Which of the following statements is not true about FPI Show Answer


Q136) In India, Foreign Investments is prohibited in Show Answer


Q137) The form of privatization, where government keeps hold of responsibility and private enterprise handles the management of it fully or partly is known as: Show Answer


Q138) A category of Facilitators, who operate to ease the doing of business Show Answer


Q139) Which Section of IRDAI Act, 1999 lays down the duties, powers and functions of IRDAI? Show Answer


Q140) An example of Point of Contact (POC) Business Facilitators Show Answer


Q141) SIDBI caters to the needs of Show Answer


Q142) SEBI, RBI and IRDA are Show Answer


Q143) Which of the following is not a function of SIDBI?function of SIDBI? Show Answer


Q144) Who is the custodian of the nation's foreign exchange reserves? Show Answer


Q145) The Subsidiary of SIDBI that enables faster realisation of receivables by MSMEs Show Answer


Q146) Which of the following statements about RBI is incorrect? Show Answer


Q147) EXIM Bank acts as an apex Banking Institution in - Show Answer


Q148) The RBI has been vested with extensive power to control and supervise commercial banking system under the- Show Answer


Q149) EXIM Bank activities include Show Answer


Q150) A ________ emanates from decision and decision is taken in line with ________identify the right expression to _II in the blanks: Show Answer


Q151) Which of the following is not a function of EXIM Bank? Show Answer


Q152) For the discharge of its functions efficiently, SEBI has been vested with the following powers: Show Answer


Q153) Provision of finance for agriculture is now handled by Show Answer


Q154) What is the constitution of Competition Commission of India? Show Answer


Q155) NABARD is a - Show Answer


Q156) SEBI has several functions rolled into one body. Which one of the following is not the function of SEBI? Show Answer


Q157) Which of the following is not correct about RBI? Show Answer


Q158) In case of Maruti-Suzuki, the Union Government surrendered partial ownership and sold the majority stake to Suzuki of Japan in course of time. This is a case of: Show Answer


Q159) RBI Nationalized in ______ Show Answer


Q160) Which of the following is not a development bank? Show Answer


Q161) Central Bank is one which constitutes the - Show Answer


Q162) In case of NOCIL (National Organic Chemicals Industries Limited), the Reliance Industries Limited as a private enterprise expanded and gradually displaced the government entity. It was a case of Show Answer


Q163) Which of the following is the monetary authority of a country? Show Answer


Q164) The Industrial Finance Corporation of India (IFCI) was established in which year? Show Answer


Q165) Identify which of these is not a function of the Central Bank. Show Answer


Q166) Blackrock invested 30 million USDs as a portfolio investor in Indian stock market. This may be a case of Show Answer


Q167) Identify which of these is not a function of the Central Bank. Show Answer


Q168) In order to take a decision, there must be _______ course of action. Fill in the blank space with appropriate expression. Show Answer


Q169) Identify which of these is not a function of the Central Bank. Show Answer


Q170) Which of the following is not the function of RBI. Show Answer


Q171) FDI in sectors /activities which do not require any prior approval either of the Government or the Reserve Bank of India is identified as: Show Answer


Q172) Since when has IFCI been converted into a private limited company? Show Answer


Q173) Which of the following statements about Central Bank is incorrect? Show Answer


Q174) SEBI has to be responsive to the needs of groups, which constitute the market: Show Answer


Q175) The currect CRR is Show Answer


Q176) Which one of the following statements is incorrect? Show Answer


Q177) The currect SLR is - Show Answer


Q178) Which of the following statements about IFCI is not true? Show Answer


Q179) Which of the following is a quantitative measure of credit policy Show Answer


Q180) The method of FDI other than Automatic route is called : Show Answer


Q181) Which of the following is a quantitative measure of credit policy Show Answer


Q182) Which of the following is a direct beneficiary of IFCI? Show Answer


Q183) The rate of interest at which the RBI lends to Banks Show Answer


Q184) FIPB stands for: Show Answer


Q185) Bank Rate at 1% = Show Answer


Q186) Which institution has been recently designated as a nodal agency for "Scheme of Credit Enhancement Guarantee for Scheduled Caste entrepreneurs"? Show Answer


Q187) If current Bank Rate is 9% and RBI decreases it by 10 basis points, the New Rate will be Show Answer


Q188) ______ is rate at which Banks borrow money from the RBI against pledging or sale of Government Securities to RBI. Show Answer


Q189) _______ is the rate of interest offered by RBI, when Banks deposit their Surplus Funds with the RBI for short periods. Show Answer


Q190) Which of the following, set up in 1990, is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium enterprise sector? Show Answer


Q191) SEBI stands for- Show Answer


Q192) Identify the sector where, FDI is not permitted: Show Answer


Q193) Headquarter of SEBI is located at Show Answer


Q194) Which among the following complaints not dealt by SEBI Show Answer


Q195) The Chairman of SEBI shall be appointed by the Show Answer


Q196) SIDBI does not function as a Nodal/ Implementing Agency to which ministry of the Government: Show Answer


Q197) How many officials of RBI shall be members of the SEBI Board? Show Answer


Q198) Simplification of trade restrictions related to import is an example of: Show Answer


Q199) Duties of SEBI does not include Show Answer


Q200) Which bank took over the operations of the international finance wing of IDBI, and became the principal _nancial institution in the field of international trade in India? Show Answer


Q201) Which of the following groups does not constitute the Securities Market? Show Answer


Q202) SEBI has its Western Regional Office in: Show Answer


Q203) SEBI's functions are classified as Show Answer


Q204) Sale of 50% stake in a PSU to a single private sector company is an example of: Show Answer


Q205) Appeal against SEBI's Orders lies to the Show Answer


Q206) Which of the given statements does not stand true for EXIM Bank? Show Answer


Q207) When a Company publicly sells new stocks and bonds for the first time, it does so in Show Answer


Q208) Example of Secondary Market Show Answer


Q209) Where is the headquater of NABARD? Show Answer


Q210) Power of SEBI under the SEBI Act Show Answer


Q211) Large number of SHGs have been linked to credit, resulting in an important Indian tool for microfinance, by the endeavour of: Show Answer


Q212) Under the SCRA, the SEBI has power to Show Answer


Q213) Hyundai India Limited came to India through the FDI route. It followed the path of: Show Answer


Q214) A situation in a market in which Sellers independently strive for the Buyers' patronage, in order to achieve certain business objective Show Answer


Q215) Increase in Competition leads to Show Answer


Q216) The regional office of SEBI is not located in: Show Answer


Q217) The situation where products perform the same function and compete against each other is called - Show Answer


Q218) FDI is allowed in: Show Answer


Q219) ________ is the conflict between vendors whose products or services are not the same, but that could satisfy the same consumer need. Show Answer


Q220) Which one of the following is an Indian regulatory body that facilitates business organizations? Show Answer


Q221) IRDAI stands for - Show Answer


Q222) _______ is an Indian Development Bank. Show Answer


Q223) Which of the following statements is true? IRDAI comprises of Show Answer


Q224) After independence, India followed a: Show Answer


Q225) FDI Limit in Insurance Sector is Show Answer


Q226) Which of the following is not an Indian Development Bank? Show Answer


Q227) Government holds responsibility as private sector handles fully and partly the product and services. Show Answer


Q228) Globalization means: Show Answer


Q229) Which of the following is correct? Show Answer


Q230) IFCI stands for: Show Answer


Q231) NITI Aayog replaced: Show Answer


Q232) ............... makes the trade between two countries more difficult or expensive. Show Answer


Q233) 100% FDI investment allowed in which year? Show Answer


Q234) Which of the following is a type of economic system? Show Answer


Q235) ............... is a process of eliminating unnecessary controls and restrictions on smooth functioning of business enterprise. Show Answer


Q236) Liberalisation does not include: Show Answer


Q237) Following is not an objective of privatisation. Show Answer


Q238) Economic Policies are framed by Show Answer


Q239) The partial or full disposal of an investment or asset through sale, exchange, closure or bankruptcy is called as Show Answer


Q240) Policies which facilitates an activity are known as Show Answer


Q241) Policies that curtail all benefits in some particular issue are Show Answer


Q242) Public policy is whatever government chooses to do or not to do was said by Show Answer


Q243) Which of the following is/are the characteristics of a good public policy Show Answer


Q244) OCBs stands for Show Answer


Q245) MIGA stands for Show Answer


Q246) Policies meant for specific segments of society are called Show Answer


Q247) The private enterprise expands and gradually displaces the government entity. This concept is known as Show Answer


Q248) FEMA replaces the FERA as legislation in Show Answer


Q249) SEBI, IRDA, RBI all are examples of Show Answer


Q250) Full form of NOCIL Show Answer


Q251) In which of the following sectors Foreign Direct Investment is not allowed Show Answer


Q252) Foreign Direct Investment is allowed in Show Answer


Q253) Which of the following is type of Public Policies. Show Answer


Q254) LPG stands for Show Answer


Q255) 50 % or more of shares are transferred to private entities : Show Answer


Q256) FDI prohibited at both routes : Show Answer


Q257) FDI is allowed in : Show Answer


Q258) In which of the following policy curtail all benefits ? Show Answer


Q259) The formation of National Skills and Development Corporation (NSDC) is an example of which of the following public policy ? Show Answer


Q260) Taking of restrictions in import and export of goods is : Show Answer


Q261) Selling of a portion of ownership from public enterprise to private parties : Show Answer


Q262) In which of the following FDI is prohibited under both the government route as well as the atomic route ? Show Answer


Q263) Where there is no approval through atomic route for FDI the company has to seek permission from : Show Answer


Q264) Industrial policy was first reformed through : Show Answer


Q265) FII preter to Park then funds to fuel which type of market ? Show Answer


Q266) In which of the following sector, FDI is prohibited in India ? Show Answer


Q267) Which of the following is an example of facilitating policy ? Show Answer


Q268) Type of privatization, where government keeps hold of responsibility and private enterprise handles fully or partly the delivery of product and services through franchise, grant, etc. is known as : Show Answer


Q269) Which of the following is not a source of infusion of Foreign Funds in India ? Show Answer


Q270) Which of the following is one of the most significant macro policy indicator that impact business ? Show Answer


Q271) Which policies are meant for specific segment of society it can be in the area of public distribution to people below poverty line, police for woman etc ? Show Answer


Q272) Government reduction in MTNL and BSNL is an example of - Show Answer


Q273) FDI is not allowed in ___
Show Answer


Q274) Privatisation may not be of conceptulised in form of -
Show Answer


Q275) FDI in sector / activities which require prior approval either of the government or the RBI are.
Show Answer


Q276) NSDC is which type of policy
Show Answer


Q277) Akbar introduced land reform under the leadership of - Show Answer


Q278) In which year first industrial policy come Show Answer


Q279) In which year first 5 year plan was introduced ? Show Answer


Q280) FDI is prohibited in sectors except Show Answer


Q281) National governments looks for sustainable investment
Show Answer