1000 Best Indian Economy MCQs
Q113). Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to
a).80 percent
b).83 percent
c).90 percent
d).100 percent
Correct Answer:
100 percent
Explanation:
Q114). Which of the following is not a part of machinery that settles industrial disputes?
a).Wage Court
b).Works Committee
c).Conciliation officers
d).Board of Conciliation
Correct Answer:
Wage Court
Explanation:
Q115). The central banking functions in India are performed by the
a).I, II
b).II
c).I
d).II, III
Correct Answer:
II
Explanation:
Q116). Development expenditure of the Central government does not include
a).defence expenditure
b).expenditure on economic services
c).expenditure on social and community services
d).grant to states
Correct Answer:
defence expenditure
Explanation:
Q117). ICICI is the name of a
a).chemical industry
b).bureau
c).corporation
d).financial institution
Correct Answer:
financial institution
Explanation:
Q118). Gilt-edged market means
a).bullion market
b).market of government securities
c).market of guns
d).market of pure metals
Correct Answer:
market of government securities
Explanation:
Q119). In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
a).Chemicals other than fertilizers
b).Services sector
c).Food processing
d).Telecommunication
Correct Answer:
Telecommunication
Explanation:
Q120). Devaluation of a currency means
a).reduction in the value of a currency vis-a-vis major internationally traded currencies
b).permitting the currency to seek its worth in the international market
c).fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
d).fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
Correct Answer:
reduction in the value of a currency vis-a-vis major internationally traded currencies
Explanation: