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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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