1. Which committee recommended the enactment of Competition Act?
(A) High level Committee on Competition Policy and Law.
(B) A Committee on Law and Order.
(C) A Central Committee for Research and Policy.
(D) None of these.
Answer:
HIGH LEVEL COMMITTEE ON COMPETITION POLICY AND LAW.
2. Which policy is concerned with raising revenue through taxation and deciding on the level and pattern of expenditure?
(A) Monetary policy.
(B) Fiscal policy.
(C) Cash policy.
(D) None of these.
Answer:
FISCAL POLICY.
3. Who has developed the 'Systems Approach' of industrial relations?
(A) John Dunlop.
(B) Garry S. Becker.
(C) Michael J. Jucius.
(D) Edwin B. Flippo.
Answer:
JOHN DUNLOP.
4. FEMA was passed in the year
(A) 1999
(B) 1989
(C) 2000
(D) 1997
Answer:
1999.
5. The policy of Government related to Export and Import is
(A) IMEX Policy.
(B) EXIM Policy.
(C) Export Policy.
(D) None of these.
Answer:
EXIM POLICY.
6. ________ is an Act to control and regulate the concentration of economic power to the common detriment?
(A) IRDA Act.
(B) MRTP.
(C) ILO Act.
(D) FERA.
Answer:
MRTP.
7. Consumer Protection Act was came into force in
(A) 1985
(B) 1986
(C) 1999
(D) 1989
Answer:
1986
8. Indian economy is an example of
(A) Capitalist economy.
(B) Closed economy.
(C) Mixed economy.
(D) None of these.
Answer:
MIXED ECONOMY.
9. _______ economy is not planned, controlled or regulated by the Government
(A) Closed economy.
(B) Mixed economy.
(C) Free market economy.
(D) None of these.
Answer:
FREE MARKET ECONOMY.
10. _______ is the main aim of economic planning in India.
(A) Economic growth.
(B) Industrial expansion.
(C) Growth with social justice.
(D) None of these.
Answer:
GROWTH WITH SOCIAL JUSTICE.
