Deck 10: Developments in Indian Commerce, Industry, and Media

Question 1

Federation of Indian Chambers of Commerce and Industry formed in

A)1927
B)1926
C)1925
D)1924

Answer 1

1927

Question 2

Broadcast media consists of

A)Telegraph
B)Television
C)Brochure
D)Posters

Answer 2

Television

Question 3

Information Technology Act was enacted in

A)1999
B)2000
C)2005
D)2015

Answer 3

2000

Question 4

Press Council of India was set up in

A)1952
B)1953
C)1954
D)1955

Question 5

Advertising Agencies Association of India was formed in

A)1945
B)1944
C)1943
D)1942

Question 6

Cable Television Network Rules was established in

A)1991
B)1992
C)1993
D)1994

Question 7

All the offences under FEMA are considered as which of the following type?

A)Civil offence
B)Criminal offence
C)Cognizable
D)Non-cognizable

Question 8

Which of the following correctly defines India's foreign exchange rate system?

A)Fixed rate
B)Free float
C)Managed float
D)Fixed target of bank

Question 9

VAT was introduced to replace which tax?

A)Income tax
B)Sales tax
C)Custom duty
D)Excise tax

Question 10

What was the one major proposal of the new industrial policy(1991)?

A)NRIS will not be allowed capital investment in India
B)Facility of FDI upto 5% in high priority industry
C)Import restrictions on technical knowhow for one year
D)Abolition of industrial licensing except six industries

Question 11

Laissez-faire policy in that policy in which

A)There is no intervention by the government in the function of the economy
B)There is intervention by the state in the function of an economy
C)There is no intervention by the state in the function of the economy
D)There is no intervention by the bank

Question 12

Privatization of public sector undertakings by selling of parts of the equity of the PSUg to the private sector is known as……………

A)Disinvestment
B)Outsourcing
C)Tax reforms
D)Foreign exchange reforms

Question 13

What was the one major proposal of new industrial policy (1991)?

A)NRI will not be allowed for capital investment in India
B)FDI up to 51% to high priority sector
C)Import restrictions on technological know-how for 1 year
D)Abolition of Industrial licensing except for six industries

Question 14

The most common form of investments by MNCs in countries around the world is to:

A)Set up new factories
B)Buy existing local companies
C)Form partnerships with local companies
D)Give out loans

Question 15

Which of the following Indian industries has been hit hard by globalisation:

A)IT
B)Toy making
C)Jute
D)Cement

Question 16

Which of the following organisation lays stress on liberalisation of foreign trade and foreign investment:

A)International Labour Organisation
B)IMF
C)WHO
D)WTO

Question 17

Special Economic Zones do not have to pay taxes for an initial period of:

A)2 years
B)5 years
C)7 years
D)10 years

Question 18

Which of these was not a change brought about by liberalization?

A)Single channel to multiple cable channels
B)Multimedia growth
C)Greater market research and media planning
D)Cuts in media spending

Question 19

After liberalization consumers have become more

A)Adventurous and demanding
B)Risk evaders
C)Less knowledgeable
D)Less demanding

Question 20

Present day consumers are more inclined for

A)Brand image
B)Only product utility
C)Cheap products
D)Only imported goods

Question 21

Effective marketing includes

A)After sales service
B)Employee retention
C)HR policy
D)Infrastructure

Question 22

Emerging service sector contributed to creation of

A)Fashion
B)Jobs
C)Food choices
D)Educatioal choices

Question 23

Which of this is a factor for increased innovation and research?

A)Poor sales
B)Advertising
C)Discounts
D)Increased jobs

Question 24

Liberalisation boosted Indian advertising by

A)Creating competition in the market
B)Increased government spending
C)Creating more literacy
D)Creating more monopolies

Question 25

Advertising changed lifestyles by creating

A)Demand
B)Aspirations
C)Jobs
D)Competition