UPSC Level 2 Economics Prelims Quiz #7

Hemant Bhatt is a B. Tech from Pantnagar University and has studied Social Sciences at SciencesPo, Paris. He teaches at Oracle IAS, Dehradun.
He is a bibliophile and a fitness enthusiast.

#1. Consider the following statements regarding objectives of SEZ Act 2005: 1. Development of infrastructure facilities 2. Promotion of investment from foreign countries only 3. Promotion of exports of services only 4. Creation of employment opportunities Which of the statements given above is/are correct?

1 and 2

2 and 3

1 and 4

1, 2, 3 and 4

#2. Classifcation of an enterprise into public or private sector is based on?

number of employees in the enterprise

ownership of assets of the enterprise

employment conditions for workers in the enterprise

nature of products manufactured by the enterprise

#3. Consider the following statements: 1. The Spice Route Project is related to increase spice exports. 2. The Spice Route Project initiative is taken by Kerala. Which of the statements given above is/are correct?

1 only

2 only

1 and 2

None

#4. Consider the following statements: 1. International Monetary Fund (IMF) was initiated in 1944 at the Bretton Woods Conference and formally created in 1945. 2. IMF grants loan to member country and other developing countries. Which of the statements given above is/are correct?

1 only

2 only

1 and 2

None

#5. In India, rural incomes are generally lower than the urban incomes. Which of the following reasons account for this? (1) A large number of farmers are illiterate and know little about scientifc-agriculture. (2) Prices of primary products are lower than those of manufactured products. (3) Investment in agriculture has been lower when compared to investment in industry :

1, 2 and 3

1 and 2

1 and 3

2 and 3

#6. According to Stockholm International Peace Research Institute (SIPRI), which among the following are world’s top three arms importing countries?

China–India–Pakistan

Pakistan–China–India

India–China–Pakistan

China–Pakistan–India

#7. Which of the following would include Foreign Direct Investment in India?By incorporating a wholly owned subsidiary or company anywhere 2. By acquiring shares in an associated enterprise 3. Through a merger or an acquisition of an unrelated enterprise 4. Participating in an equity joint venture with another investor or enterprise Select the answer using the codes given below

1 and 2

2, 3 and 4

1, 3 and 4

1, 2, 3 and 4

#8. Which of the following are member countries of the proposed BCIM economic corridor?

Bangladesh, China, India and Myanmar

Bhutan, China, India and Myanmar

Bangladesh, China, India and Malaysia

Bangladesh, China, Indonesia and Myanmar

#9. To obtain full benefts of demographic dividend, what should India do ? 1. Promoting skill development 2. Introducing more social security schemes 3. Reducing infant mortality rate 4. Privatisation of higher education Which of the above statements is/are correct ?

1 only

2 only

None of the above

3 and 4 only

#10. Consider the following statements relating to the World Trade Organization (WTO): 1. The WTO deals with the global rules of trade between nations. 2. The goal of the WTO is to help producers of goods and services, exporters, and importers conduct their business. 3. The WTO, which is a successor body of the General Agreement on Tariffs and Trade, came into being following the Uruguay Round of Negotiations. 4. The WTO distances itself in framing of rules on trad in intellectual property rights. Which of the statements given above are correct?

1, 2 and 3

2, 3 and 4

1, 2 and 4

1 and 3 only

Finish

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Hemant Bhatt

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Hemant Bhatt is a B. Tech from Pantnagar University and has studied Social Sciences at SciencesPo, Paris. He teaches at Oracle IAS, Dehradun.
He is a bibliophile and a fitness enthusiast.