31. Which among the following comes under primary sector of Indian Economy?
1. Sugar Industry
2. Dairy
3. Banking
4. Transport of Goods
Option “B” is correct Indian economy is classified into three sectors viz, Primary sector, Secondary sector and Tertiary sector. Agriculture,Dairy, forestry, pasturing, mining, fishing are in the primary sector.
32. What is the full form of FDI?
1. Foreign Direct Input
2. Foreign Direct Investment
3. Fiscal Direct Investment
4. Fiscal Direct Input
Option “B” is correct FDI is an investment in a country by a company located in another country. The investment is called direct because the investor, is a foreign entity try to control or manage things of another country.
33. In which situation, wages and prices chase each other at a very quick speed?
Option “D” is correct Hyperinflation is an extremely rapid period of inflation, usually caused by a rapid increase in the money supply.
34. Banking comes under which of the following sector?
1. Primary sector
2. Secondary sector
3. Tertiary sector
4. Both Secondary and Tertiary sectors
Option “C” is correct Service sector also known as tertiary sector includes all branches of human activity whose core is to provide services.Banking ,transportation,fianancial service etc come in the category of service sector.
35. Which of the following is a basic characteristic of ‘Oligopoly’?
1. Many sellers, many buyers
2. Few sellers, few buyers
3. Few sellers, many buyers
4. Many sellers, few buyers
Option “C” is correct An oligopoly is a market structure in which a few firms dominate. When a market is shared between a few firms and many buyers .
36. What was the main objective of the 5th Five Year Plan?
1. Removal of poverty and achievement of self-reliance
2. Faster, more inclusive and sustainable growth
3. Inclusive growth
4. None of these
Option “A” is correct The 5th Five Year Plan (1974-79) objective was to increase the level of employment, reduce poverty and to attain self sufficiency in agriculture.
37. In Indian economy, the sectors are divided into Private and Public on what basis?
1. Ownership of enterprises
2. Usage of raw materials
3. Nature of economic activities
4. Employment policies
Option “A” is correct Indian economy, the sectors are divided on the ownership. Privately companies is that in which company is owned by the company’s founders, management or a group of private investors while public company is that portion of an economic system that is controlled by national, state or provincial, and local governments.
38. What is moderate degree of controlled inflation called as?
Option “A” is correct Reflation is the act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy.It is moderate way to control of inflation.
39. What is the full form of ‘CARE’, the third credit rating agency in India?
1. Credit Analysis and Rating Enterprise
2. Credit Agency of Rating Equities
3. Credit Agency of Rating Enterprise
4. Credit Analysis and Research
Option “D” is correct Credit Analysis and Research Ltd. (CARE) is the first credit rating agency recognized by the Capital Markets Development Autority (CMDA),
40. What is difference of Revenue expenditure and Revenue receipts called as?
1. Revenue
2. Total expenditure
3. Revenue Deficit
4. Total revenue
