CBSE Questions for Class 9 Elements Of Business Fundamentals Of Business Activities Quiz 7 - MCQExams.com

Which one of the following taxes belong exclusively to the State Governments?
  • Income Tax
  • Agricultural Tax
  • Excise Tax
  • Wealth Tax
Which of the following is not true about the pre-reforms period (i.e. before 1991)?
  • Shortage of Foreign Exchange
  • Heavy Government Borrowings
  • Huge Losses of Public Sector Enterprises
  • Surplus Budget in each financial year
In the pre-reforms period (i.e. before 1991), Import of food grains was permitted ______________.
  • In order to meet domestic demand in case of shortage of foodgrains
  • To help Indians consume nutritious food
  • Whenever there was a favourable Balance of Trade
  • All of the above
Which of the following does not relate to the External Sector Reforms in 1991?
  • Devaluation of the Rupee
  • Removal of restrictions on Foreign Exchange transactions
  • Export Support
  • Restrictions on Foreign Direct Investment
Which of the following is a positive impact of Economic Reforms on the Indian Economy?
  • Focus on Brand Building in an increasingly competitive market place
  • Shift from labour-intensive to capital-intensive methods of production
  • Stress on quality and R & D
  • All of the above
Which of the following does not relate to the Banking Sector Reforms in 1991?
  • Introduction of Derivative Products
  • Restriction of credit for purchase of consumer durables
  • Liberalisation of principles governing Dividend Payments
  • Emphasis on transparency
'Served from India' brand concept has been started for -
  • Agricultural exports
  • Exports of services
  • Export of handlooms and handicrafts
  • Export of gems and jewellery
In which of the following situations, the Law of Variable Proportions will not apply?
  • Improvement in technology
  • When all factors are proportionately varied
  • Where the factors must be used in fixed proportions to yield the product
  • All of the above
Lowering of Import / Export Duty Rates, as part of the External Sector Reforms in 1991, relates to -
  • Exchange Rate Stabilisation
  • Rationalisation of Tariff Structure
  • Quantitative Restrictions
  • Foreign Direct Investment
In India, Support to Exporters is available in the form of:
  • Duty and Tax Concessions
  • Export Finance
  • Export Promotion Marketing Assistance
  • All of the above
Net domestic expenditure is consumption expenditure plus _____________.
  • net foreign investment
  • net foreign investment plus net domestic investment
  • net domestic investment
  • replacement expenditure
All of the following institutions promote/assist Export Trade. Identify the institution which does not.
  • The Trade Fair Authority
  • Indian Institute of Management
  • The Indian Institute of Foreign Trade
  • Commodity Boards
Which of the following were abolished as part of the External Sector Reforms in 1991?
  • Cash Compensatory Scheme
  • EXIM Scrip Scheme
  • Both (a) and (b)
  • Neither (a) nor (b)
Which of the following statements is true?
  • The services of a doctor are considered production
  • Man can create matter
  • The services of a housewife are considered production
  • When a man creates a table, he creates matter
As a result of Economic Reforms, Re-structuring, Mergers & Acquisitions of Companies, Business Process Re-engineering, processes have been ___________.
  • Simplified
  • Made more procedural
  • Subject to Central Government approval in all situations
  • None of the above
Which of the following is an important ingredient of Selling Economies?
  • Advertising Economies
  • Inventory Economies
  • Transportation Economies
  • Storage Economies
The term disinvestment is more popularly used ____________________________.
  • Where a holding company sells shares of a Subsidiaray company
  • Where an investment company off loads its holding
  • Where central / State government sells its holdings of public sector companies
  • None of the above
After the initial stages of increasing returns to scale, the Firm will experience ________________________.
  • Still Increasing Returns to Scale
  • Constant Returns to Scale
  • Diminishing Returns to Scale
  • None of the above
When Total Revenue equals Economic Costs, it means that the firm________________.
  • Has No-profits-No-Loss
  • Earns Normal Profits
  • Earns more than Normal Profits (i.e. Super -Normal Profits)
  • Incurs Looses in the accounting sense
An indifference curve slopes down towards right since more of one commodity and less of another result in.
  • Same satisfaction
  • Greater satisfaction
  • Maximum satisfaction
  • Decreasing expenditure
Comforts lies between the.
  • Inferior goods and necessaries
  • Luxuries and inferior goods
  • Necessaries and luxuries
  • None of the above
In the book market, the supply of books will decrease if any of the following occurs except.
  • A decrease in the number of book publishers
  • A decrease in the price of the book
  • An increase in the future expected price of the book
  • An increase in the price of paper used
A large Firm can offer better security to Bankers and obtain credit easily. This creates ________ for such Firm.
  • Internal Economies of Scale
  • Internal Diseconomies of Scale
  • External Economies of Scale
  • External Diseconomies of Scale
Who first raised the fears of a world food shortage?
  • David Ricardo
  • T.R. Malthus
  • J.S. Mill
  • J.B. Say
Equity Offer through 'Differential Pricing Method' primarily refers to ________________________.
  • Government selling part of its Shares in one PSU to other PSUs
  • Government selling Shares of PSUs to Public Sector Financial Institutions and Banks
  • Government's own Financial Institutions buying Government's stake in select PSU's and holding them until any third buyer emerges
  • None of the above
Sale of a major portion of Government stake to a Strategic Buyer and also giving over the management control is called as ____________.
  • Strategic Sale
  • Cross Holding
  • Warehousing
  • Retaining Golden Share
Maintaining Government's stake up to 26% in the PSU to protect its interest is called as ______________.
  • Strategic Sale
  • Cross Holding
  • Warehousing
  • Retaining Golden Share
Quantitative Methods aim at influencing _______________________.
  • The end-use of credit in specific areas
  • The total volume of credit in the banking system
  • Both (a) and (b)
  • Neither (a) nor (b)
In the context of Indian Economy, there may be a need for importing foodgrains in case of:
  • Balancing exports and imports of foodgrains.
  • Severe shortages of foodgrains due to drought, floods, etc.
  • Increase in the consumption of foodgrains
  • None of the above
Disinvestment Process in India is criticized on the following grounds ________________.
  • Lack of Proper Planning
  • Privatisation of Profit-making PSUs only
  • Failure to meet Budget Targets
  • All of the above
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