Deck 10: Business and Economic Terms

Question 1

FERA is foreign exchange regulation act for _________.

A)industries .
B)small scale .
C)labour.
D)owner.

Answer 1

industries .

Question 2

SAOIL is ______.

A)Steel authority of India ltd .
B)School authority of India ltd.
C)State authority of India ltd.
D)Span authority of India ltd.

Answer 2

Steel authority of India ltd .

Question 3

NDP is ____.

A)Net Domestic Product.
B)Net Domestic Percentage.
C)Net Domestic Personnel.
D)Net Domestic Public.

Answer 3

Net Domestic Product.

Question 4

Who gave a practical shape to privatization?

A)MARGARAT THATCHER.
B)LOUIS PETER.
C)WILLIAMS.
D)FAYOL.

Question 5

The techniques of privatization are contract _______and concession.

A)building.
B)free .
C)leases .
D)hire purchase.

Question 6

There are _____sins of privatization.

A)5.
B)6.
C)7.
D)8.

Question 7

The income level of residents in a country is indicated by _______.

A)gross national income.
B)gross domestic product.
C)per capita gross national income.
D)per capita gross domestic product.

Question 8

--------is the process of analyzing the environment for the identification of factors which have impact on or have implication for the business.

A)Assessment
B)Forecasting
C)Scanning
D)None of these

Question 9

PEST is an acronym which stands for ________.

A)Political, Environment, Societal, Technology. Share institution privatization.
B)Political, Economic, Societal, Technological.
C)Political, Economic, Social, Technological.
D)People, Economy, Standards, Tr

Question 10

The European Union is an example of ______.

A)monetary union.
B)free trade area.
C)common market.
D)economic union.

Question 11

The legal system in India is based on ______.

A)Common law.
B)Civil law.
C)Theocratic law.
D)Hindu law.

Question 12

A mixed economy is necessarily a _____.

A)controlled.
B)planned.
C)organised.
D)planned, organised and controlled.

Question 13

The origin of Common law is in _____.

A)America.
B)England.
C)Russia.
D)India.

Question 14

The taking over of a private firm by the host country government to be run it as a government unit is ______.

A)expropriation.
B)confiscation.
C)nationalisation.
D)domestication

Question 15

Who is responsible for presenting the Union Budget before the Parliament?

A)Prime Minister
B)Finance Minister
C)RBI Governor
D)none of the above

Question 16

The goods and the services produced, priced and distributed by the government is ___.

A)Market economy.
B)Secular economy.
C)Command economy.
D)Mixed economy.