Industries Infrastructure And Foreign Trade Quiz 7 (19 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. MNC

Correct Answer: B) Minimise cost of production.

2. Indian Railways revenue from:

Correct Answer: B) Freight.

3. Which of the following agencies has the power to declare any industrial unit as a potentially sick unit? [CDS 2000]

Correct Answer: A) BIFR.

4. WTO

Correct Answer: B) Enforce international trade.

5. Multinational corporation in India

Correct Answer: D) Infosys.

6. Trade deficit occurs when

Correct Answer: B) Export

7. Sector-wise, maximum employment in the public sector is in :

Correct Answer: B) Community, social and personal services.

8. Which of the following would most likely lead to an increase in the FD in the short term?

Correct Answer: B) A fall in Australia's household savings ratio.

9. The government issues currency and coins to

Correct Answer: D) Help make exchange of goods and services easier.

10. New exim policy has choosen a town for the pottery export :

Correct Answer: C) Khurja.

11. EOU stands for

Correct Answer: B) Export Oriented Unit.

12. Which one among the following is not true for Special Economic Zones? [CDS 2011]

Correct Answer: C) No permission for subcon- tracting.

13. Indian became an ..... of primary products and ..... of finished goods.

Correct Answer: B) Exporter, importer.

14. Which Agriculture export item is second in case of India?

Correct Answer: B) Rice.

15. Trade surplus occurs when

Correct Answer: A) Export>import.

16. What does the acronym FDI mean?

Correct Answer: D) Foreign Direct Investment.

17. Which of the following is India's highest exporting category?

Correct Answer: A) Gems & Jewellery.

18. Under perfect competition: [GIC AAO 1993]

Correct Answer: C) Any firm can influence price and supply in the market.

19. Hundi that is payable on order following a fixed term is called .....

Correct Answer: C) Firman-jog (Muddati).