Q.1
The aim of _____________ is to integrate the indian economy with the world economy.
  • liberalisation
  • globalisation
  • privatization
Q.2
_______ means removal of entry and growth restrictions on the private sector.
  • liberalisation
  • privatisation
  • globalisation
Q.3
Deficit in balance of payments arises when foreign payments for ______________ exceeds foreign receipts from _________________.
  • import, export
  • export , import
Q.4
A lawyer believes his client is guilty, but remains professional and represents his client. This is an example of which of the following?
  • Moral behavior
  • Unlawful behavior
  • Ethical behavior
  • Mannerly behavior
Q.5
Which of the following terms is defined as “conduct based on or authorized by law which is established by society to maintain order and protect people and property from harm?”
  • Moral behavior
  • Legal behavior
  • Ethical behavior
  • Mannerly behavior
Q.6
What is Ethics to do with?
  • Business
  • The wider community
  • Right and wrong
  • Nothing
Q.7
The best type of regulation is
  • Self regulation
  • Industry regulation
  • Government regulation
  • None of these
Q.8
Too much regulation of business will cause
  • Loss of investments
  • Loss of employment
  • Regional imbalances
  • All of these
Q.9
Regulation of business is done by
  • Company itself
  • Government
  • Outsiders
  • Directors
Q.10
Political stability impacts the business
  • Directly
  • Indirectly
  • No influence
  • None of these
Q.11
Apex body of legislation in India
  • Parliament
  • Assembly
  • Lok Sabha
  • Vidhan Sabha
Q.12
Fundamental right of education for 6 toyear olds is
  • Article 31 A
  • Article 41 A
  • Article 51 A
  • Article 21 A
Q.13
Expand EODB
  • Ease of Doing Business
  • Ease of Doing Banking
  • Easy Office Database
  • None of these
Q.14
Liberalization means
  • Free trade
  • Easing restrictions on business
  • New rules and regulations
  • None of these
Q.15
Competition Actenabled
  • Repeal of MRTP Act 1969
  • More stringent rules
  • Tight control over mergers
  • None of these
Q.16
The policy that deals with revenues and expenditures of
  • Monetary policy
  • Fiscal policy
  • Tax policy
  • Revenue policy
Q.17
The agency responsible for monetary policy in India
  • Finance Ministry
  • RBI
  • MOSPI
  • Parliament
Q.18
Major source of revenue for Indian government is
  • Corporation Tax
  • Income Tax
  • GST
  • All of these
Q.19
Expenditure of creating infrastructure is
  • Revenue expenditure
  • Development expenditure
  • Capital expenditure
  • Government expenditure
Q.20
Globalization is encouraged by
  • Internet
  • Mobile phones
  • Computer
  • None of these
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