EGMC002
Assignment – 1
1 Which of the following economists developed the concept of Human Development?
O Kailash Satyarthi
O Muhammad Yunus
O Paul Streeten
O Mahbub-ul-Haq
2 The World Wide Web was developed in the late 1980s by
O Michael Porter
O Tim Berners-Lee
O C. Freeman
O Steve Jobs
3 Which of the following measures can be applied for controlling erosion and
restoring the productivity of eroded lands?
O To regulate over-grazing and shifting cultivation practices.
O Efforts to prevent gully erosion and control their formation.
O To disseminate education among people with regard to the positive benefits of
contour bunding, contour terracing, regulated forestry, cover cropping, mixed
farming, crop rotation, etc.
O All of these
4 What are the two most important aspects of economic globalization?
O Reduction in import tariffs and internationalization of financial transactions
O Financial trading and supplying capital
O Socio cultural development and control of imports
O Increase in employment opportunities and increase of import tariffs
5
assists in the reconstruction and development of territories of the members by
facilitating the investment of capital for productive purposes.
O World Bank
0 IFC
0 IMF
O All of these
6 Privatisation can be achieved by
O Both Franchising and Leasing
0 Leasing
O Franchising
O Cross holding
7 Which of the following industry/industries is/are exclusively reserved for the
public sector?
O Atomic Energy
O Railway Transport
O Both Atomic Energy and Railway Transport
O Defence Equipment, Atomic Energy and Railway Transport
8 'Privatization' implies
O access to the resources of the Public Sector Enterprises
O promotion of role of MNCs in the Indian economy
O a change in the ownership resulting and promotion of collective ownership
O a change in the ownership resulting in a change in the management.
9 The most favoured nation (MFN) clause under the WTO regime is based on the
principle of
O Non-discrimination between nations
O Favouring the neighbouring nations
O Differential treatment between locals and foreigners
O Uniform tariff across commodities
10 What is the main objective of human development?
O Poverty eradication
O Ensure productive employment
O To enlarge people's choices and empower them
O Contribute to sustained growth
11 Among the following options which is not the objective of the WTO?
O To promote free and fair trade
O To provide aid during the Balance of Payment crisis of the member countries
O To settle trade disputes
O To enlarge production and trade of goods
12
was replaced by
on 1st Jan 1995?
0 WTO, GATT
0 GATS, WTO
0 IMF, GATT
0 GATT, WTO
13 Which of the following are the 17 new Sustainable Development Goals?
O Conserve and sustainably use the oceans, seas and marine resources
O Reduce inequality within and among countries
O Take urgent action to combat climate change and its impacts
O All of these
14 Patents are often referred to as a type of
of levels of _
, and patent activity is an indicator
O "industrial" property, innovation
O social property, innovation
O government property, research
O public property, research
15 Which of the following is not a key area of human development?
O Access to resources
O Quality of Health
O Access to lead a luxurious life
O Access to educational opportunities
16 Measures to globalise Indian economy include
O Removal of quantitative restrictions
O Reduction of import tariffs
O Removal of export duties
O All of these
17 Which of the following was an extension of the Industrial Policy Resolution of
1956?




Industrial Policy Statement 1973 and 1980
Industrial Policy Statement 1973
Industrial Policy Statement 1980
Industrial Policy Resolution 1991
18 Unilateral transfers of Balance of Payments comprise of
O gifts from Russian government to Gol
O remittances from Indian worker's employed in Dubai
O all of these
O transfers from Gol to embassies in China and Canada
19 Schedule B of Industrial Policy of 1956 comprised of
industries.
0 17
0 12
0 14
04
20
is called as economic constitution of India. It for the first time gave a broad
and detailed framework of industrial development in India.
O Industrial Policy Resolution 1956
O Industrial Policy Resolution 1948
O Industrial Policy Statement 1980
O Industrial Policy Resolution 1991
21 The genesis of IT revolution began just after
O Second world war
O First worldwar
O lndo-Pak conflict
O Iran-Iraq conflict
22 TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement is
administered by:
O United Nations Conference on Trade and Development (UNCTAD)
O United Nations Organization (UNO)
O World Trade Organization (WTO)
O World Bank (WB)
23 The 1950s saw the commercial development of mainframe computers,
spearheaded by?
0 Wipro
0 IBM
0 Apple
0 WTO
24 The computing technology, the Internet was a product of military research, the
first network dating from
0 1979
0 1959
0 1969
0 1949
25 The present WTO system is based on the
O Paraguay Round Agreements
O Uruguay Round Agreements
O USA Round Agreements
O Argentina Round Agreements
26 Both foreign direct investment (FDI) and foreign institutional investment (FII)
are related to investment in a country. Which of the following is incorrect regarding
FDI and FII?
 Both FII and FDI bring capital into the economy
 The restrictions on the entry of FDI are lower than that on FII
 FII invests in technology-oriented enterprises, whereas FDI invests in
traditional business set ups
 FDI is considered to be more stable than FII.
27 As a part of the liberalization announced in 1991, industrial policy measures were
initiated by the government to liberalise the
O Railways
O Arms and Ammunitions sector
O MRTP regulations
O Small Scale Sector
28 Balance of Payments deficit can be removed through?
O Devaluation of currency
O Export promotion
O Import substitution
O All of these
29 The major objective(s) of Public Sector Enterprises is/are
O Creation of employment opportunities and economic growth of the Indian
economy
O Promotion of exports and imports of India
O Redistribution of income and promotion of imports
O All of these
30 A new approach to the public sector was visualized in the Industrial Policy
Resolution of
0 1973
0 1991
0 1980
0 1977
Assignment – 2
1 Industrial licensing constituted the key element in Government of India's
industrial policy from
O 1951to 1981
O 1951 to 1987
O 1951to 1991
O 1991 onwards
2 Patents are often referred to as a type of
of levels of _
, and patent activity is an indicator
O "industrial" property, innovation
O social property, innovation
O government property, research
O public property, research
3 The Industrial Policy Statement of 1956 comprises of
O Foreign direct investment (FDI) up to 51 per cent foreign equity in high priority
industries
O Import of advanced technology
O Foreign equity up to 51 per cent in trading companies primarily engaged in
export activities
O Classification of industries into three categories.
4 Which of the following is not a key area of human development?
O Access to resources
O Quality of Health
O Access to lead a luxurious life
O Access to educational opportunities
5 A new approach to the public sector was visualized in the Industrial Policy
Resolution of
0 1973
0 1991
0 1980
0 1977
6 The international product life-cycle model, was put forward by
0 Raymond Vernon
0 Heckscher-Ohlin
0 Eli Heckscher
0 BertilOhlin
7 Indian rupee was devalued in 1991 to resolve the
O Balance of Payments crisis
O Budgetary Deficit
O Global crisis
O Slow Growth of industrial sector
8
is called as economic constitution of India. It for the first time gave a broad
and detailed framework of industrial development in India.
O Industrial Policy Resolution 1956
O Industrial Policy Resolution 1948
O Industrial Policy Statement 1980
O Industrial Policy Resolution 1991
9 Unilateral transfers of Balance of Payments comprise of
O gifts from Russian government to Gol
O remittances from Indian worker's employed in Dubai
O all of these
O transfers from Gol to embassies in China and Canada
10
agreements are legally binding on the members.
O World Bank Group
0 IFC
0 IMF
0 WTO
11 Which of the following are the 17 new Sustainable Development Goals?
O Conserve and sustainably use the oceans, seas and marine resources
O Reduce inequality within and among countries
O Take urgent action to combat climate change and its impacts
O All of these
12 'Privatization' implies
O access to the resources of the Public Sector Enterprises
O promotion of role of MNCs in the Indian economy
O a change in the ownership resulting and promotion of collective ownership
O a change in the ownership resulting in a change in the management.
13 The most favoured nation (MFN) clause under the WTO regime is based on the
principle of
O Non-discrimination between nations
O Favouring the neighbouring nations
O Differential treatment between locals and foreigners
O Uniform tariff across commodities
14 When a country has trade deficit it means that it
O Purchases more goods from the rest of the world than it sells
O Purchases more stocks and bonds from the rest of the world thaniisells
O Sells more goods to the rest of the world than it purchases
O Sells more stocks and bonds to the rest of the world than iipurchases
15 The Human Development Index is developed by
O United Nations Development Programme
O United Nations Development Policies
O United Nations Development Project
O United Nations Organisation
16 WTO negotiations produced general rules that apply to
commitments made by the governments.
and
specific
O all members, individual member,
O individual member, all members,
O individual member, some members
O few members, all members,
17 Both foreign direct investment (FOi) and foreign institutional investment (Fii) are
related to investment in a country. Which of the following is incorrect regarding FOi
and FlI?
O Both Fii and FOibring capital into the economy
O The restrictions on the entry of FOi are lower than that on Fii
O Fii invests in technology-oriented enterprises, whereas FOi invests in traditional
business set ups
O FOi is considered to be more stable than Fii.
18 The computing technology, the Internet was a product of military research, the
first network dating from
0 1979
0 1959
0 1969
0 1949
19
assists in the reconstruction and development of territories of the members by
facilitating the investment of capital for productive purposes.
O World Bank
0 IFC
0 IMF
O All of these
20 Which of the following was an extension of the Industrial Policy Resolution of
1956?
O Industrial Policy Statement 1973 and 1980
O Industrial Policy Statement 1973
O Industrial Policy Statement 1980
O Industrial Policy Resolution 1991
21 Economic growth is a subset of
model.
O Human resource model
O Human development model
O Union development model
O All of these
22 The present WTO system is based on the
O Paraguay Round Agreements
O Uruguay Round Agreements
O USA Round Agreements
O Argentina Round Agreements
23 Objective(s) of disinvestment programme in India is to
O achieve efficiency of enterprise
O provide fiscal support
O achieve efficiency of enterprise and provide fiscal support
O none of these
24 The major objective(s) of Public Sector Enterprises is/are
O Creation of employment opportunities and economic growth of the Indian
economy
O Promotion of exports and imports of India
O Redistribution of income and promotion of imports
O All of these
25 Which of the following measures can be applied for controlling erosion and
restoring the productivity of eroded lands?
O To regulate over-grazing and shifting cultivation practices.
O Efforts to prevent gully erosion and control their formation.
O To disseminate education among people with regard to the positive benefits of
contour bunding, contour terracing, regulated forestry, cover cropping, mixed
farming, crop rotation, etc.
O All of these
26 Anti-globalists believe that MNCs
O exploit the labour employed by them in different parts of the world
O do not sell technology to host countries
O collaborate with domestic companies
O impose foreign culture
27 Which of the following industry/industries is/are exclusively reserved for the
public sector?
O Atomic Energy
O Railway Transport
O Both Atomic Energy and Railway Transport
O Defence Equipment, Atomic Energy and Railway Transport
28 Laissez Faire policy is adopted in
O Socialst Economic system
O Capitalist Economic system
O Communist Economic System
O Mixed Economic System
29 As a part of the liberalization announced in 1991, industrial policy measures were
initiated by the government to liberalise the
O Railways
O Arms and Ammunitions sector
O MRTP regulations
O Small Scale Sector
30 Among the following options which is not the objective of the WTO?
O To promote free and fair trade
O To provide aid during the Balance of Payment crisis of the member countries
O To settle trade disputes
O To enlarge production and trade of goods