The US Story

Q.

Highlight the salient features of India's pre-independence occupational structure.

Q. Answer in detail.

Explain Regulation of consumer credit as a qualitative measure of the Central Bank of India.

Q. differentiated India from England, and thus did not allow the Revolution to take place in India.

1. Lack of incentive
2. Cheap capital
3. Training
4. Education outcomes

Q.

What were the geographical advantages which benefitted USA in its early stages?

1. Location which was sufficiently close to UK for maritime trade

2. Vast land and resources

3. Relative isolation and hence security from external invasion

4. All of these

Q. What are the types of Entrepreneurs according to personality?

Q. FDI in private sector banking sector is allowed up to _______,

1. 26%
2. 49%
3. 74%
4. 100%

Q. Which of the following is not a feature of monopolistic competition?

1. Free entry and free exit
2. Non- Homogeneous products
3. Restrictions on entry
4. Large number of firms

Q. A major function of the Federal Reserve System, established in 1913, was to _______.

1. regulate the money supply.
2. balance the budget.
3. encourage industrial development.
4. regulate the stock market.
5. regulate foreign trade.

Q.

Ensuring capital investment and a supply of credit for the many investment opportunities was important for the economic growth of the US. ___ banks were set up for this purpose.

Q. The inadequate number of investment channels is one of the reasons for low capital formation in India.

1. True
2. False

Q.

The native population of the Americas dropped from almost 57 million to 5 million. What was the single most important reason for this?

1. None of these

2. Starvation caused by the influx of western settlers

3. Wars and conflicts with the western settlers

4. Epidemics like small pox, measles etc. which came from Europe

Q. FDI in which of these sectors is not permitted ________.

1. chitfund
2. gambling
3. all of the above
4. lottery

Q.

The wages for labour were high in the US because of the ________.

1. Large availability of land

2. Highly educated population

3. Largely indigenous population

4. None of these

Q. Meaning of LIFE??

Q. The main causes of differences between growth in the North and the South Americas lie in .

1. demography
2. poverty
3. cultures
4. attitudes

Q.

The British settlers in the US were dissatisfied with the British government of the colony. Why?

1. A large number of taxes were imposed on the colony by the British crown

2. The US settlers had no representation in the parliament which made important policy decisions for the US

3. The British governemnt went to war with the US

4. US settlers were not recognized as equal citizens by the British crown

Q.

The US standard model of development emphasized which of the following?

1. Increased imports

2. Development and spreading of religion

3. Mass education

4. Protective tariffs

Q.

What was the early socio-political advantages of the US settlers?

1. Strong trade relations with the Britain

2. A focus on education

3. All of these

4. The European settlers brought over cultural and institutional features like democracy.

Q.

Why did US adopt the UK's technology readily?

1. USA faced a lack of capital

2. Wages for labour were much lower in US compared to the UK

3. The US was forced to adopt the technology by the UK

4. Wages in the US were high and comparable to that of the UK.

Q.

Which of the following play a part in creating a strong national market?

1. Abolishing internal tariffs

2. Protective tariffs

3. Better transportation

4. Better healthcare facilities

Q. The main aim in establishing 'Small Inventions Development Board' is ______.

1. To provide raw materials
2. To improve the quality of products
3. To provide information regarding production
4. Assisting the inventions in small industries and technology

Q. FDI in defense sector is allowed upto _______.

1. 100%
2. not allowed
3. 49%
4. 74%

Q. Which of the following statements is correct with regard to external sector in the post-reform period?

1. Quantitative restrictions have been imposed on a number of tradable items.
2. Quantitative restrictions have been removed on most of the items, except a few goods.
3. The tariff obstacles have been further raised. Foreign investment is now being discouraged.
4. All of the above.

Q. FDI is not allowed _______.

1. betting
2. all of the above
3. real estate development
4. casinos

Q. The ___________ sector of work is that sector where legal provisions do not completely govern.

1. Organised
2. Primary
3. Seconday
4. Unorganised