Practice Test


1) Gradual decrease in government command and control over the economic policies is


2) Taking off restrictions on export and import of goods and services is


3) Transfer of government ownership to private hands is


4) Chanakya authored the book


5) David Easton propounded a model on politics policy relationship known as __________ model.


6) GST was implemented in India with effect from


7) Public policies are always __________ oriented.


8) __________ policies curtail all benefits in some particular issue.


9) __________ model of Government has a strong private sector.


10) practices regulate the activities of a particular sector of economy.


11) OCB stands for


12) Selling of shares of Public Sector Enterprises to public is


13) FDI Stands for


14) FDI is prohibited in India in


15) FII stands for


16) FEMA replaced FERA as legislation in:


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


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


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


20) The method of FDI other than Automatic route is called :


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


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


23) Who was the regulatory body for controlling financial affairs in India before SEBI?


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


25) Identify the one which may be considered as a public policy:


26) Public Policies on monetary aspects, economy, market, taxes etc, are reflected in


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


28) Which of the following statement is correct?


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


30) Targets of the Government is called -


31) Policy is concerned with the -


32) Act of making choice is called


33) Gabriel Almond popularized the idea of a -


34) David Easton propounded a Model on Politics-Policy Relationship known as -


35) OCBs mean:


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


37) Policies based on nature of economy is classified as-


38) FEMA replaced FERA as legislation in:


39) Which of the following is not an example of Public Policy?


40) When was SEBI constituted?


41) Public Policies are classified as -


42) NABARD refinances the financial institutions which finances the ____


43) Waiving of farm loans is an example of -


44) How many members of SEBI should be from RBI?


45) Establishment of Central Board of Film Certification is an example of -


46) Reforms in Dowry Act and Divorce Act are the examples of:


47) 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 -


48) Law making body at the Central Level in India -


49) Law making body at the State Level in India -


50) Where can be first appeal against SEBI be made?


51) The Lower House in State Legislature -


52) The Upper House in State Legislature -


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


54) Decisions on annual financial spending, Taxes and Duties and Military spending are considered in:


55) The Economic Change Process is characterized by -


56) Who regulates the currency in the country?


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


58) Transfer of Government Ownership to private hands is called -


59) Which of the following institutions has been scrapped recently?


60) Which of the following is an impact of Liberalization?


61) Privatization may have an adverse effect on -


62) Who cannot be a Foreign Direct Investor?


63) In India, Foreign Investments is prohibited in -


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


65) 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:


66) RBI Nationalized in _______.


67) Which of the following is not a development bank?


68) 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:


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


70) Identify which of these is not a function of the Central Bank


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


72) Simplification of trade restrictions related to import is an example of:


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


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


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


76) Increase in Competition leads to -


77) After independence, India followed a:


78) The process of economic liberalization in India began mainly in


79) Partial or complete sale of a public sector enterprise is called


80) Integration of national economies into a world economy is known as:


81) The initial trigger for the policy of economic liberalization in India in 1991 was


82) Which of the following is an example of industrial reforms:


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


84) Who was the regulatory body for controlling financial affairs in India before SEBI?


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


86) Identify the one which may be considered as a public policy:


87) Public Policies on monetary aspects, economy, market, taxes etc. are reflected in


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


89) Which of the following statement is correct?


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


91) Targets of the Government is called -


92) Policy is concerned with the -


93) Act of making choice is called


94) Gabriel Almond popularized the idea of a


95) David Easton propounded a Model on Politics-Policy Relationship known as -


96) OCBs mean:


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


98) Policies based on nature of economy is classified as -


99) FEMA replaced FERA as legislation in:


100) Which of the following is not an example of Public Policy?


101) When was SEBI constituted?


102) Public Policies are classified as -


103) NABARD refinances the financial institutions which finances the ________


104) Waiving of farm loans is an example of -


105) How many members of SEBI should be from RBI?


106) Establishment of Central Board of Film Certification is an example of-


107) Reforms in Dowry Act and Divorce Act are the examples of:


108) 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 -


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


110) Law making body at the Central Level in India -


111) Law making body at the State Level in India -


112) Where can the first appeal against SEBI be made?


113) The Lower House in State Legislature -


114) The Upper House in State Legislature -


115) The EXIM bank does not perform one of the following functions:


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


117) Decisions on annual financial spending, Taxes and Duties and Military spending are considered in:


118) The Economic Change Process is characterized by -


119) Who regulates the currency in the country?


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


121) NABARD is the most important institution in the country which looks after the development of the


122) Transfer of Government Ownership to private hands is called -


123) Which of the following institutions has been scrapped recently?


124) Which of the following is an impact of Liberalization?


125) Who of the following is not primarily a profit seeking institution?


126) Privatization may have an adverse effect on -


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


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


129) Who cannot be a Foreign Direct Investor?


130) 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?


131) A Watch Company of Malaysia investing in a textile Company in India is an example of


132) Which one of the following is not the role of the Competition Commission of India?


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


134) When was IRDAI constituted?


135) Which of the following statements is not true about FPI


136) In India, Foreign Investments is prohibited in


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


138) A category of Facilitators, who operate to ease the doing of business


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


140) An example of Point of Contact (POC) Business Facilitators


141) SIDBI caters to the needs of


142) SEBI, RBI and IRDA are


143) Which of the following is not a function of SIDBI?function of SIDBI?


144) Who is the custodian of the nation's foreign exchange reserves?


145) The Subsidiary of SIDBI that enables faster realisation of receivables by MSMEs


146) Which of the following statements about RBI is incorrect?


147) EXIM Bank acts as an apex Banking Institution in -


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


149) EXIM Bank activities include


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


151) Which of the following is not a function of EXIM Bank?


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


153) Provision of finance for agriculture is now handled by


154) What is the constitution of Competition Commission of India?


155) NABARD is a -


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


157) Which of the following is not correct about RBI?


158) 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:


159) RBI Nationalized in ______


160) Which of the following is not a development bank?


161) Central Bank is one which constitutes the -


162) 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


163) Which of the following is the monetary authority of a country?


164) The Industrial Finance Corporation of India (IFCI) was established in which year?


165) Identify which of these is not a function of the Central Bank.


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


167) Identify which of these is not a function of the Central Bank.


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


169) Identify which of these is not a function of the Central Bank.


170) Which of the following is not the function of RBI.


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


172) Since when has IFCI been converted into a private limited company?


173) Which of the following statements about Central Bank is incorrect?


174) SEBI has to be responsive to the needs of groups, which constitute the market:


175) The currect CRR is


176) Which one of the following statements is incorrect?


177) The currect SLR is -


178) Which of the following statements about IFCI is not true?


179) Which of the following is a quantitative measure of credit policy


180) The method of FDI other than Automatic route is called :


181) Which of the following is a quantitative measure of credit policy


182) Which of the following is a direct beneficiary of IFCI?


183) The rate of interest at which the RBI lends to Banks


184) FIPB stands for:


185) Bank Rate at 1% =


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


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


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


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


190) 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?


191) SEBI stands for-


192) Identify the sector where, FDI is not permitted:


193) Headquarter of SEBI is located at


194) Which among the following complaints not dealt by SEBI


195) The Chairman of SEBI shall be appointed by the


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


197) How many officials of RBI shall be members of the SEBI Board?


198) Simplification of trade restrictions related to import is an example of:


199) Duties of SEBI does not include


200) 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?


201) Which of the following groups does not constitute the Securities Market?


202) SEBI has its Western Regional Office in:


203) SEBI's functions are classified as


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


205) Appeal against SEBI's Orders lies to the


206) Which of the given statements does not stand true for EXIM Bank?


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


208) Example of Secondary Market


209) Where is the headquater of NABARD?


210) Power of SEBI under the SEBI Act


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


212) Under the SCRA, the SEBI has power to


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


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


215) Increase in Competition leads to


216) The regional office of SEBI is not located in:


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


218) FDI is allowed in:


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


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


221) IRDAI stands for -


222) _______ is an Indian Development Bank.


223) Which of the following statements is true? IRDAI comprises of


224) After independence, India followed a:


225) FDI Limit in Insurance Sector is


226) Which of the following is not an Indian Development Bank?


227) Government holds responsibility as private sector handles fully and partly the product and services.


228) Globalization means:


229) Which of the following is correct?


230) IFCI stands for:


231) NITI Aayog replaced:


232) ............... makes the trade between two countries more difficult or expensive.


233) 100% FDI investment allowed in which year?


234) Which of the following is a type of economic system?


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


236) Liberalisation does not include:


237) Following is not an objective of privatisation.


238) Economic Policies are framed by


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


240) Policies which facilitates an activity are known as


241) Policies that curtail all benefits in some particular issue are


242) Public policy is whatever government chooses to do or not to do was said by


243) Which of the following is/are the characteristics of a good public policy


244) OCBs stands for


245) MIGA stands for


246) Policies meant for specific segments of society are called


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


248) FEMA replaces the FERA as legislation in


249) SEBI, IRDA, RBI all are examples of


250) Full form of NOCIL


251) In which of the following sectors Foreign Direct Investment is not allowed


252) Foreign Direct Investment is allowed in


253) Which of the following is type of Public Policies.


254) LPG stands for


255) 50 % or more of shares are transferred to private entities :


256) FDI prohibited at both routes :


257) FDI is allowed in :


258) In which of the following policy curtail all benefits ?


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


260) Taking of restrictions in import and export of goods is :


261) Selling of a portion of ownership from public enterprise to private parties :


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


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


264) Industrial policy was first reformed through :


265) FII preter to Park then funds to fuel which type of market ?


266) In which of the following sector, FDI is prohibited in India ?


267) Which of the following is an example of facilitating policy ?


268) 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 :


269) Which of the following is not a source of infusion of Foreign Funds in India ?


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


271) 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 ?