"Globalisation of Indian Economy" denotes : (1) Increase of external borrowings (2) having minimum intervention in economic relations with other countries (3) starting of new business units abroad (4) relaxing the programmes of import substitution

"Globalisation of Indian Economy" denotes : (1) Increase of external borrowings (2) having minimum intervention in economic relations with other countries (3) starting of new business units abroad (4) relaxing the programmes of import substitution
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(2) having minimum intervention in economic relations with other countries Explanation: Globalization means integrating the economy of a country with the economies of other countries or world economy under conditions of free flow of trade, capital and movement of persons across borders. In the Indian content, this implies opening up the economy to foreign direct investment by providing facilities to foreign companies to invest in different fields of economic activity in India; removing constraints and obstacles to the entry of MNCs in India allowing Indian companies to enter into foreign collaborations in India and also encouraging them to set up joint ventures abroad; carrying out massive import liberalization programmes by switching over from quantitative restrictions to tariffs in the first place and then bringing down the level of import duties considerably; and instead of a plethora of export incentives opting for exchange rate adjustments for promoting exports.
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“Globalisation of Indian Economy” denotes : (1) Increase of external borrowings (2) having minimum intervention in economic relations with other countries (3) starting of new business units abroad (4) relaxing the programmes of import substitution

Description : “Globalisation of Indian Economy” denotes : (1) Increase of external borrowings (2) having minimum intervention in economic relations with other countries (3) starting of new business units abroad (4) relaxing the programmes of import substitution

Last Answer : having minimum intervention in economic relations with other countries

One of the main factors that led to rapid expansion of Indian exports is - (1) Imposition of import duties (2) Liberalization of the economy (3) Recession in other countries (4) Diversification of exports

Description : One of the main factors that led to rapid expansion of Indian exports is - (1) Imposition of import duties (2) Liberalization of the economy (3) Recession in other countries (4) Diversification of exports

Last Answer : (4) Diversification of exports Explanation: India has rapidly diversified its exports markets from the traditional export partners towards emerging and developing economies. This has played a crucial ... export markets can be noted from the narrowing dependence on selected economies for exports.

One of the main factors that led to rapid expansion of Indian exports is (1) Imposition of import duties (2) Liberalisation of the economy (3) Recession in other countries (4) Diversification of exports

Description : One of the main factors that led to rapid expansion of Indian exports is (1) Imposition of import duties (2) Liberalisation of the economy (3) Recession in other countries (4) Diversification of exports

Last Answer : Diversification of exports 

Relaxing the restrictions and controls imposed on Business and industry means A. Liberalisation B. Privatisation C. Globalisation D. None of the above

Description : Relaxing the restrictions and controls imposed on Business and industry means A. Liberalisation B. Privatisation C. Globalisation D. None of the above

Last Answer : A. Liberalisation

What does the term free-market denote in terms of economy? a) Minimal government intervention in trade and minimum regulations b) Maximum government intervention in trade and maximum regulations c) Means of production owned by the state d) None of the above

Description : What does the term free-market denote in terms of economy? a) Minimal government intervention in trade and minimum regulations b) Maximum government intervention in trade and maximum regulations c) Means of production owned by the state d) None of the above

Last Answer : : a) Minimal government intervention in trade and minimum regulations

Micro economics theory deals with (a) Economic behavior of individual economic decision making units; (b) Economy as a whole ; (c) Trade relations ; (d) Economic growth of the society

Description : Micro economics theory deals with (a) Economic behavior of individual economic decision making units; (b) Economy as a whole ; (c) Trade relations ; (d) Economic growth of the society

Last Answer : (a) Economic behavior of individual economic decision making units; 

when the australian economy was based on import-substitution manufacturing -General Knowledge

Description : when the australian economy was based on import-substitution manufacturing -General Knowledge

Last Answer : When the Australian economy was based on import-substitution manufacturing, domestic manufacturing was discouraged.

Devaluation of currency leads to - (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Description : Devaluation of currency leads to - (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Last Answer : (4) All of the above Explanation: Devaluation in modern monetary policy is a reduction in the value of a currency with respect to those goods, services or other monetary units with which ... deficit. Import substitution means promotion of export to replace imports. It is also fallout of devaluation.

Devaluation of currency leads to (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Description : Devaluation of currency leads to (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Last Answer : All of the above

1) Which among the following could be said to be an 'Open Economy'?a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other nations in goods and services and financial assets c) An economy that operates without government intervention d) None of the above

Description : 1) Which among the following could be said to be an 'Open Economy'? a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other ... services and financial assets c) An economy that operates without government intervention d) None of the above

Last Answer : : b) A nation that trades with other nations in goods and services and financial assets

One of the features of a free market economy is - (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer's sovereignty

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Last Answer : (4) consumer's sovereignty Explanation: Consumer Sovereignty is one of the features of a free market economy. It refers to the assertion consumer preferences determine the production of goods and ... market performance is in fact responsive to the specific wants of the consumers within the system.

One of the features of a free market economy is (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer’s sovereignty

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Last Answer : consumer’s sovereignty

Which of the following is not the role of public sector in India a. Export Promotion b. Import Substitution c. Foreign exchange earnings d. Increase in unemployment

Description : Which of the following is not the role of public sector in India a. Export Promotion b. Import Substitution c. Foreign exchange earnings d. Increase in unemployment

Last Answer : Answer: Increase in unemployment

In the Indian context, the emphasis on import substitution often run counter to --------- A. the objective of managerial development B. the objective of Sports develpment C. the objective of Skill develpment D. the objective of Technological develpment

Description : In the Indian context, the emphasis on import substitution often run counter to --------- A. the objective of managerial development B. the objective of Sports develpment C. the objective of Skill develpment D. the objective of Technological develpment

Last Answer : D. the objective of Technological develpment

Which of the following denotes an underdeveloped economy? a. High level of inequalities b. Low level of capital productivity c. A relatively closed economyd. All the above

Description : Which of the following denotes an underdeveloped economy? a. High level of inequalities b. Low level of capital productivity c. A relatively closed economy d. All the above

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Laissez-faire economics refers to: a) a term denoting economic transactions carried out by the State/government b) economic transactions in private parties where there is no intervention by the State/government c) a branch of socialism focusing on welfare economics d) None of the above

Description : Laissez-faire economics refers to: a) a term denoting economic transactions carried out by the State/government b) economic transactions in private parties where there is no intervention by the State/government c) a branch of socialism focusing on welfare economics d) None of the above

Last Answer : b) economic transactions in private parties where there is no intervention by the State/government

What does the letter `e' denotes in the term `e - banking'? (1) Essential Banking (2) Economic Banking (3) Electronic Banking (4) Expansion Banking

Description : What does the letter `e' denotes in the term `e - banking'? (1) Essential Banking (2) Economic Banking (3) Electronic Banking (4) Expansion Banking

Last Answer : (3) Electronic Banking Explanation: 'e-banking' stands for electronic banking which involves the use of computers to carry out banking transactions such as withdrawals through cash dispensers or transfer of funds at point of sale. It is also known as online or interne banking.

What does the letter ‘e’ denotes in the term ‘e - banking ’ ? (1) Essential Banking (2) Economic Banking (3) Electronic Banking (4) Expansion Banking

Description : What does the letter ‘e’ denotes in the term ‘e - banking ’ ? (1) Essential Banking (2) Economic Banking (3) Electronic Banking (4) Expansion Banking

Last Answer : Electronic Banking

Globalisation means - (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy

Description : Globalisation means - (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy

Last Answer : (3) Integration of the domestic economy with the world economy Explanation: Globalization is the process of international integration arising from the interchange of world views, products, ... globalization refers to processes that promote world-wide exchanges of national and cultural resources.

Freeing the economy from all unnecessary controls and regulations is referred to as - (1) Freedom (2) Privatisation (3) Liberalisation (4) Globalisation

Description : Freeing the economy from all unnecessary controls and regulations is referred to as - (1) Freedom (2) Privatisation (3) Liberalisation (4) Globalisation

Last Answer : (3) Liberalisation Explanation: Economic liberalization is a very broad term that usually refers to fewer government regulations and restrictions in the economy in exchange for greater participation ... liberalization in short refers to "the removal of controls", to encourage economic development.

Globalisation means (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy

Description : Globalisation means (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy

Last Answer : Integration of the domestic economy with the world economy

Freeing the economy from all unnecessary controls and regulations is referred to as (1) Freedom (2) Privatisation (3) Liberalisation (4) Globalisation

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Description : Which of the following transactions is included in the current account balance of the Balance of payments statement? (a) Foreign direct investments. ; (b) Portfolio investments.; (c) External commercial borrowings. ; (d) Dividends earned on portfolio investments

Last Answer : (d) Dividends earned on portfolio investments

Which one of the following items is not included in the current account of India's Balance of Payments? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Description : Which one of the following items is not included in the current account of India's Balance of Payments? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

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Description : Open Market Operations refer to (1) Borrowings by Scheduled banks from RBI (2) Lending by Commercial banks to industry (3) Purchase and sale of Government securities by RBI (4) Deposit mobilization

Last Answer : (3) Purchase and sale of Government securities by RBI Explanation: Open Market Operation (OMO) refers to the buying and selling of government securities in the open market in order to expand or ... in the banking system. A central bank uses OMO as the primary means of implementing monetary policy.

Loans raised by the government from the public are known as: a) Corporate borrowings b) Common borrowings c) Market borrowings d) Private borrowings

Description : Loans raised by the government from the public are known as: a) Corporate borrowings b) Common borrowings c) Market borrowings d) Private borrowings

Last Answer : : c) Market borrowings

Open Market Operations refer to __________ . (1) Borrowings by Scheduled banks from RBI (2) Lending by Commercial banks to industry (3) Purchase and sale of Government securities by RBI (4) Deposit mobilisation

Description : Open Market Operations refer to __________ . (1) Borrowings by Scheduled banks from RBI (2) Lending by Commercial banks to industry (3) Purchase and sale of Government securities by RBI (4) Deposit mobilisation

Last Answer : Purchase and sale of Government securities by RBI

Which one of the following items is not included in the current account of India’s Balance of Payments ? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Description : Which one of the following items is not included in the current account of India’s Balance of Payments ? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Last Answer : Non-monetary gold movements

An open economy is one wherea. Deficit financing is absentb. No export activitiesc. No import activitiesd. Economy opened to the world

Description : An open economy is one where a. Deficit financing is absent b. No export activities c. No import activities d. Economy opened to the world

Last Answer : d. Economy opened to the world A closed economy is one where there is no exporting or importing activity. it is generally a feature of underdeveloped economies.

A part of National Debt known as External Debt is the amount - (1) borrowed by its citizens from abroad (2) lent by its citizens to foreign governments (3) borrowed by its government from abroad (4) lent by its government to foreign government

Description : A part of National Debt known as External Debt is the amount - (1) borrowed by its citizens from abroad (2) lent by its citizens to foreign governments (3) borrowed by its government from abroad (4) lent by its government to foreign government

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A part of National Debt known as External Debt is the amount (1) borrowed by its citizens from abroad (2) lent by its citizens to foreign governments (3) borrowed by its government from abroad (4) lent by its government to foreign government

Description : A part of National Debt known as External Debt is the amount (1) borrowed by its citizens from abroad (2) lent by its citizens to foreign governments (3) borrowed by its government from abroad (4) lent by its government to foreign government

Last Answer : borrowed by its government from abroad

Let pk(R) denotes primary key of relation R. A many-to-one relationship that exists between two relations R1 and R2 can be expressed as follows: (1) pk(R2)→pk(R1) (2) pk(R1)→pk(R2) (3) pk(R2)→R1∩R2 (4) pk(R1)→R1∩R2

Description : Let pk(R) denotes primary key of relation R. A many-to-one relationship that exists between two relations R1 and R2 can be expressed as follows: (1) pk(R2)→pk(R1) (2) pk(R1)→pk(R2) (3) pk(R2)→R1∩R2 (4) pk(R1)→R1∩R2

Last Answer : Answer: 2

Which is the most common method of measuring economic development? a. Profit loss b. Income c. Sales d. Import-export

Description : Which is the most common method of measuring economic development? a. Profit loss b. Income c. Sales d. Import-export

Last Answer : b. Income

Which is the most common method of measuring economic development? a. Profit loss b. Income c. Sales d. Import-export

Description : Which is the most common method of measuring economic development? a. Profit loss b. Income c. Sales d. Import-export

Last Answer : b. Income

Which of the following denotes business activity at high level with increasing output and incomea. Boomb. Recessionc. Depressiond. Recovery

Description : Which of the following denotes business activity at high level with increasing output and income a. Boom b. Recession c. Depression d. Recovery

Last Answer : a. Boom Boom, recession, depression and recovery are the phases of a business cycle

Describe the impact of globalisation on Indian economy with examples. -SST 10th

Description : Describe the impact of globalisation on Indian economy with examples. -SST 10th

Last Answer : Impact of Globalisation on Indian Economy: 1.Higher standard of living in urban areas. 2.The impact has not been uniform among producers and investors. 3.There is greater choice before the ... company and call centres. 7.Local companies supply raw materials to foreign industries and have prospered.

Explain visible imports of globalisation on the Indian Economy, with two examples. -SST 10th

Description : Explain visible imports of globalisation on the Indian Economy, with two examples. -SST 10th

Last Answer : (i) Greater Competition among producers : Greater competition among producers both local and foreign, has been of advantage to consumers, particularly the well-off section of the society. ... time of start of globalisation. Information and communication technology also grew on an average 20%.

There are no benefits of globalisation. OR There is no impact of globalisation on the Indian economy.

Description : There are no benefits of globalisation. OR There is no impact of globalisation on the Indian economy.

Last Answer : State with reasons whether you agree or disagree with the following statement: There are no ... no impact of globalisation on the Indian economy.

In initial years of planning, industrial development was largely based on A. export substitution B. import substitution C. transportation D. none of these

Description : In initial years of planning, industrial development was largely based on A. export substitution B. import substitution C. transportation D. none of these

Last Answer : A. export substitution

In which duration, considerable import substitution has taken place in many important areas in capital goods, organic chemicals ? A. two decades B. three decades C. four decades (last) D. five decades

Description : In which duration, considerable import substitution has taken place in many important areas in capital goods, organic chemicals ? A. two decades B. three decades C. four decades (last) D. five decades

Last Answer : C. four decades (last)

The major objective of monetary policy is to - (1) increase government's tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy

Description : The major objective of monetary policy is to - (1) increase government's tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy

Last Answer : (3) Promote economic growth with price stability Explanation: The main objective of monetary policy is to control the supply of money, often targeting an inflation rate or interest rate ... usually to contribute to lower unemployment, and to maintain predictable exchange rates with other currencies.

Multiplier process in economic theory is conventionally taken to mean: (1) the manner in which prices increase (2) the manner in which banks create credit (3) income of an economy grows on account of an initial investment (4) the manner in which government expenditure increases

Description : Multiplier process in economic theory is conventionally taken to mean: (1) the manner in which prices increase (2) the manner in which banks create credit (3) income of an economy grows on account of an initial investment (4) the manner in which government expenditure increases

Last Answer : (3) income of an economy grows on account of an initial investment Explanation: In economics, a multiplier is a factor of proportionality that measures how much an endogenous variable changes in response to a change in ... of the U.S. money supply, and MO as a measure of the U.S. monetary base.

Which of the following explains the term economic growth? a. Increase in per capita production b. Increase in per capita real income c. structural change in the economy d. all the above are right

Description : Which of the following explains the term economic growth? a. Increase in per capita production b. Increase in per capita real income c. structural change in the economy d. all the above are right

Last Answer : d. all the above are right There is no single definition that can define the term economic growth. However, there are various indicators that explain the term

The major objective of monetary policy is to (1) increase government’s tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy

Description : The major objective of monetary policy is to (1) increase government’s tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy 

Last Answer : Promote economic growth with price stability

Multiplier process in economic theory is conventionally taken to mean : (1) the manner in which prices increase (2) the manner in which banks create credit (3) income of an economy grows on account of an initial investment (4) the manner in which government expenditure increases

Description : Multiplier process in economic theory is conventionally taken to mean : (1) the manner in which prices increase (2) the manner in which banks create credit (3) income of an economy grows on account of an initial investment (4) the manner in which government expenditure increases

Last Answer : income of an economy grows on account of an initial investment 

'PROTECTION' means - (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Description : 'PROTECTION' means - (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Last Answer : (4) All of the above Explanation: Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a ... protect businesses and workers within a country by restricting or regulating trade with foreign nations.

What is considered to be one of the most important attributes when we compare countries at the level of development? a. Industrial development b. Resources of the country c. Income d. Import-export

Description : What is considered to be one of the most important attributes when we compare countries at the level of development? a. Industrial development b. Resources of the country c. Income d. Import-export

Last Answer : c. Income

What is considered to be one of the most important attributes when we compare countries at the level of development? a. Industrial development b. Resources of the country c. Income d. Import-expor

Description : What is considered to be one of the most important attributes when we compare countries at the level of development? a. Industrial development b. Resources of the country c. Income d. Import-expor

Last Answer : c. Income

‘PROTECTION’ means (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Description : ‘PROTECTION’ means (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Last Answer : All of the above

Which among the following has the least possibility of globalisation ? (1) selection of labour force (2) location of capital works (3) to manage resources for investment (4) increase in infrastructure

Description : Which among the following has the least possibility of globalisation ? (1) selection of labour force (2) location of capital works (3) to manage resources for investment (4) increase in infrastructure

Last Answer : location of capital works