CBSE Questions for Class 9 Elements Of Business Fundamentals Of Business Activities Quiz 8 - MCQExams.com

Cross holding method of Disinvestment refers to ____________________.
  • Government selling part of its Shares in one PSU to other PSUs
  • Government selling Shares of PSUs to Public Sector Financial Institutions & 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
In India, the three major objectives of economic policy are growth, social justice and price stability. Which of the above objectives can be pursued most effectively by the monetary authorities of the country?
  • Growth
  • Social Justice
  • Price Stability
  • None of the above
Quantitative measures to control credit are also called _____________.
  • General Measures
  • Selective Methods
  • Both (a) and (b)
  • Neither (a) nor (b)
Which of the following statement is correct?
  • Supply of land is perfectly elastic
  • Fertility of land cannot change
  • Land does not yield any result unless human efforts are employed
  • Supply of land can be increased
In India, in which of the following, Foreign Direct Investment (FDI) is not allowed?
  • Drugs and Pharmaceuticals
  • Electricity Generation
  • Defence
  • Rail Transport
All of the following developments were noticed during $$1991$$(when economic reforms were enforced), except _________.
  • national debt was nearly $$60$$ per cent of the GNP of India
  • inflation crossed double digits
  • foreign reserves were maintained at a very high level
  • none of the above
Which of the following is not a quantitative method of credit control __________________.
  • Bank Rate policy
  • Open market operations
  • The Repo Rate
  • Consumer credit regulation
Of the major $$12$$ ports, _________ has been the top traffic handler for last five years.
  • Paradip
  • Cochin
  • Kandla
  • Mumbai
Convertibility of the rupee implies __________________.
  • being able to convert rupee notes into gold
  • allowing the value of the rupee to be fixed by market forces
  • freely permitting the conversion of rupee to other major currencies and vice versa
  • developing an international market for currencies in India
The economic reforms have failed to ______________.
  • keep fiscal deficits to the targeted levels
  • fully implement industrial deregulation
  • fully open the economy to trade
  • all of the above
Which of the following methods cannot be used as an instrument of Quantitative Control of credit by the Central Bank?
  • Bank Rate Policy
  • Open Market Operations
  • Change in Margin Requirements
  • Changes in Reserve Requirements
India is on ___________.
  • paper currency standard
  • metal currency standard
  • both paper and metal currency standard
  • none of the above
Almost __________ percent of India's global merchandise trade is carried through the sea route.
  • $$95$$
  • $$65$$
  • $$80$$
  • $$55$$
Which of the following is the example of economic activity?
  • Production
  • Consumption
  • Charity
  • A and B both
Which one of the following is NOT an important import item of India at present?
  • Petroleum oil
  • Edible oil
  • Fertilizers
  • News print
What is one of the future consequences of an increase in the current level of consumption in the India
  • Slower economic growth in the future.
  • Greater economic growth in the future
  • No change in our economic growth rate
  • Greater capital accumulation in the future
All but one, of the following statements is incorrect. Find the correct statement.
  • Balance of payments is a narrow concept than balance of trade.
  • India is facing severe foreign exchange reserves crunch.
  • Devaluation is the panacea for BOP problem.
  • The RBI is the lender of last resort for Indian public sector banks.
Who controls economic activities under centrally planned economies?
  • Industrialists
  • Private firms
  • Government 
  • Consumer
Economic laws are essentially _________.
  • conditional
  • unconditional
  • rigid
  • neutral
Which of the following is considered production in economics?
  • Saving a child from drowning in a river.
  • Doctor examining a patient for a fee.
  • Boating in a lake for recreation.
  • Painting a picture for pleasure.
Human relations skills are also called.
  • Conceptual skills
  • Technical skills
  • Interpersonal skills
  • Problem solving skills
A _________ is the ability to perform the given job.
  • Communication skills
  • Technical skills
  • Interpersonal skills
  • Administrative skills
The feature of business should be____________.
  • Unlawful business
  • No risk
  • Distinct ownership
  • No status
Which of the following professional degree is given by a private institute?
  • Chartered Accountant
  • Cost Accountant
  • Chartered Secretary
  • Chartered Financial Analyst
Business process is also called business function.
  • False
  • True
  • Partly true
  • Partly false
Which of the following factors may affect the location of business?
  • Transport facilities
  • Availability of labour
  • Market - Customers
  • All of the above
Who of the following has defined business as "Human activity directed towards producing or acquiring wealth through buying and selling goods"?
  • Wheeler
  • H. Fayol
  • J. Stephenson
  • Lewis H. Haney
Which of the following cannot be a social objective of the business?
  • Production and Supply of Quality Goods and Services
  • Contribution to the General Welfare of the Society
  • Adoption of UnFair Trade Practices
  • None of the above
Frictional unemployment is consistent with full employment.
  • True
  • False
Frictional unemployment rate of ________ is consistent with full employment level, as per the experience of developed countries.
  • 3 to 4%
  • 5 to 8%
  • upto 2%
  • 10 to 15%
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