MCQOPTIONS
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This section includes 12 Mcqs, each offering curated multiple-choice questions to sharpen your 10th knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Arrange the following legal enactments in India in the chronological sequence from the first to the last. (A) The Mines Act(B) The Minimum Wages Act(C) The Payment of Gratuity Act(D) The Child Labour (Prohibition and Regulation) Act(E) The Apprentices ActChoose the correct answer from the options given below: |
| A. | (B), (D), (C), (A), (E) |
| B. | (B), (A), (E), (C), (D) |
| C. | (A), (E), (B), (C), (D) |
| D. | (E), (B), (A), (C), (D) |
| Answer» C. (A), (E), (B), (C), (D) | |
| 2. |
Assertion (A) : The volume of imports tends to be very high when there is a conjecture of high rate of economic growth and a sharp fall in the relative price of imports and vice versa. Reason(R) : High rate of growth, ceteris paribus, is associated with rise in imports and increase in the imports, ceteris paribus, is associated with a fall in the relative price of imports. |
| A. | Both (A) and (R) are correct and (R) is the right explanation of (A). |
| B. | Both (A) and (R) are correct but (R) is not the right explanation of (A). |
| C. | (A) is correct but (R) is not correct. |
| D. | (R) is correct but (A) is not correct. |
| Answer» B. Both (A) and (R) are correct but (R) is not the right explanation of (A). | |
| 3. |
Assertion (A): Reserve Bank of India is an important regulatory and administrative authority to execute FEMA provisions.Reason (R): Being monetary authority and custodian of foreign exchange, Reserve bank of India enjoys requisite expertise of FEMA administration.In the context of the above two statements, which one of the following option is correct? |
| A. | Both A) and R) are correct and R) is the right explanation of A) |
| B. | Both A) and R) are correct but R) is not the right explanation of A) |
| C. | Both A) and R) are incorrect |
| D. | is correct and R) is not correct |
| Answer» B. Both A) and R) are correct but R) is not the right explanation of A) | |
| 4. |
Match the items of List I with the items of List II and choose the correct code of combination:List IList IIa.Indian Contract Acti.2002b.Right to information Actii.1872c.Information Technology Actiii.2005d.Competition Activ.2000 |
| A. | a-i, b-ii, c-iii, d-iv |
| B. | a-ii, b-iv, c-i, d-iii |
| C. | a-iii, b-iv, c-ii, d-i |
| D. | a-ii, b-iii, c-iv, d-i |
| Answer» E. | |
| 5. |
Match List-I with List-II:List-IList-IIa) Fiscal, monetary and industrial policiesi) Social responsibilitiesb) Social obligations towards several stakeholdersii) Stakeholders/interest groupc) Consumers, shareholders, suppliers, creditors etc.iii) Business Ethicsd) Moral principles that defines the right or wrongiv) Economic policiesChoose the correct option from those given below: |
| A. | a-iii, b-i, c-iv, d-ii |
| B. | a-i, b-ii, c-iv, d-iii |
| C. | a-ii, b-iv, c-iii, d-i |
| D. | a-iv, b-i, c-ii, d-iii |
| Answer» E. | |
| 6. |
Match List-I with List-II:List-IList-IIa) Cyber Crimei) Intellectual Property Right Actb) Doctrine of Caveat Emptorii) Negotiable Instrument Actc) Dishonour of Billiii) Sale of Goods Actd) Patent and Copyrightsiv) The Information Technology Act Choose the correct option from those given below: |
| A. | a-iii, b-iv, c-i, d-ii |
| B. | a-iii, b-ii, c-iv, d-i |
| C. | a-iv, b-iii, c-ii, d-i |
| D. | a-ii, b-iv, c-iii, d-i |
| Answer» D. a-ii, b-iv, c-iii, d-i | |
| 7. |
Match the items of List - II with the items of List - I and indicate the code of correct matching. The items relate to economies of scale/scope.List - IList - II(a) Economies of scale(i) arise with lower average costs of manufacturing a product when two complementary products are produced by asingle firm(b) Internal economiesii) Mean lowering of costs of production by producing in bulkc) External economies(iii) Arise when cost per unit depends on size of the firm(d) Economies of scope(iv) Arise when cost per unit depends on the size of theindustry, not the firm |
| A. | (a) -(ii), (b) - (iv), (c) - (i), (d) - (iii) |
| B. | (a) - (i), (b) - (ii), (c) - (iii), (d) - (iv) |
| C. | (a) - (ii), (b) - (iii), (c) - (iv), (d) - (i) |
| D. | (a) - (iv), (b) - (iii), (c) - (ii), (d) - (i) |
| Answer» D. (a) - (iv), (b) - (iii), (c) - (ii), (d) - (i) | |
| 8. |
Match List I with List II List I List II(a) Size of the market(i) Globalization of business(b) Demographic environment(ii) Foreign trade policy(c) Export-oriented units(iii) Macro - environmentd) Multinational corporations(iv) Non - economic environmentChoose the correct option from those given below |
| A. | (a) - (iv), (b) - (ii), (c) - (iii), (d) - (i) |
| B. | (a) - (ii), (b) - (iii), (c) - (i), (d) - (iv) |
| C. | (a) - (iii), (b) - (ii), (c) - (i), (d) - (iv) |
| D. | (a) - (iii), (b) - (iv), (c) - (ii), (d) - (i) |
| Answer» E. | |
| 9. |
Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.Assertion (A): The multilateral trading system is an attempt by governments to make the business environment stable and predictable.Reason (R):Promising not to raise trade bathers can be as important as lowering one, because the promise gives businesses a clearer view of their future market opportunities. |
| A. | Both (A) and (R) are correct and (R) is the right explanation of (A). |
| B. | Both (A) and (R) are correct but (R) is not the right explanation of (A) |
| C. | Both (A) and (R) are incorrect. |
| D. | (A) is correct but (R) is incorrect. |
| Answer» B. Both (A) and (R) are correct but (R) is not the right explanation of (A) | |
| 10. |
According to FEMA, foreign exchange does NOT include 1. Deposits payable in any foreign currency2. Bills of exchange drawn in Indian currency but payable in any foreign currency3. Traveller's cheques drawn by institutions outside India but payable in Indian currency4. Drafts drawn by banks outside India and payable in foreign currency |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» E. | |
| 11. |
Match the items of List I with the items of List II and choose the correct answer from the code given below.List IList II(a) Rival Firms(i) External Environoment(b) Technology(ii) Social and Cultural Environment(c) Improving Quality(iii) Internal Environment(d) Ethics in Business(iv) Global Environment |
| A. | (a) - (i), (b) - (ii), (c) - (iii), (d) - (iv) |
| B. | (a) - (ii), (b) - (iii), (c) - (iv), (d) - (i) |
| C. | (a) - (iii), (b) - (i), (c) - (iv), (d) - (ii) |
| D. | (a) - (iv), (b) - (i), (c) - (ii), (d) - (iii) |
| Answer» D. (a) - (iv), (b) - (i), (c) - (ii), (d) - (iii) | |
| 12. |
For the following two statements regarding infrastructural services in the country, choose the correct code for the statements being correct or incorrect.Statement I: Most infrastructure services are provided by public monopolies which generally suffer with severe problems like lack of accountability, low productivity, poor financial performance and over-employment.Statement II: There is a need now to induce more private sector investment and participation in sharing, accountability, monitoring and management of infrastructure sector. |
| A. | Both I and II are correct |
| B. | Both I and II are incrorrect |
| C. | I is incorrect but II correct |
| D. | I is correct, but II is incorrect |
| Answer» D. I is correct, but II is incorrect | |