CA FOUNDATION PAPER - 4 (BUSINESS AND COMMERCIAL KNOWLEDGE) 500+ MCQs
CHAPTER - 4 GOVERNMENT POLICIES FOR BUSINESS GROWTH MOST IMPORTANT OBJECTIVE QUESTIONS
Hello Students ! Hope you all are doing well. We are Glad to Inform you that we are providing A whole new sets of objective based questions for your CA FOUNDATION BUSINESS AND COMMERCIAL KNOWLEDGE (PAPER - 4 ) EXAMINATION in which you are getting most important Chapterwise MCQs for all the Chapters of BCK AND ECONOMICS
- These MCQs are specially designed to give a quick and comprehensive view just before your examination
- There are More than 100+ MCQs of this particular chapter that cover 100% part of your chapter
1. The Government Policies are "Sine qua non" for all spheres of the economy. The term "Sine qua non" means:
-
(a) Indispensible
(b) Universal
(c) Robust
(d) Applicable
2. In which country, the import of second hand foreign cars is allowed?
-
(a) India
(b) Bangladesh
(c) Japan
(d) USA
3. During the time of Emperor Chandra Gupta Maurya, the great intellectual guru of the emperor___________outlined the public policy of the State.
-
(a) Akbar
(b) Sultan
(c) Chanakya
(d) Todarmal
4. At the time of attaining freedom in 1947, India witnessed the existence of the problem of__________
-
(a) Multiplicity of Princely States
(b) Lack of Industries
(c) Lack of enough food-grains
(d) All of the above
5. In Delhi sultanate, who introduced stringent tax reforms:
-
(a) Alauddin Khilji
(b) Akbar
(c) Todarmal
(d) Chanakya
6. During the time of Akbar, land reforms were introduced under the leadership of:
-
(a) Alauddin Khiljis
(b) Akbar
(c) Todarmal
(d) Chanakya
7. During the time when Ashoka, the Great, ruled Magadh__________ introduced the policy of Peace & Harmony.
-
(a) Ashoka
(b) Chandragupta
(c) Todarmal
(d) Chanakya
8. Who has authorised the book "Arthashastra", a Conceptual frame work of State Craft and public Policy?
-
(a) Chandragupta Maurya
(b) Chanakya
(c) Plato
(d) Akbar
9. At the time of independence, Strong policy making was required as the nation had a diversity of:
-
(a) Languages
(b) Cultures
(c) Inequalities
(d) All of the above
10. Which of the following is not a part of European Nations?
-
(a) Germany
(b) Denmark
(c) Japan
(d) Sweden
11. BRICS Stands for
-
(a) Brazil, Russia, India, China and South Africa
(b) Britain, Russia, India, China and Sweden
(c) Brazil, Russia, India, Columbia, and South America
(d) Britain, Russia, India, Columbia and Sweden.
12. Which one of the following is regarded as Socialist and Communist State?
-
(a) China
(b) North Korea
(c) Erstwhile Soviet Union
(d) All of the above
13. There have been monumental efforts in changing the post-independence policies specially in 1991. These efforts are Commonly referred to as:
-
(a) LPG
(b) SEC
(c) RRB
(d) None of the above
14. Which one of the following is an example of Liberalisation?
-
(a) Simplification of tax structure
(b) Removing quotas and bars
(c) Removing economic restrictions
(d) All of the above
15. The measures of lifting the trade barriers are covered in:
-
(a) Liberalization
(b) Privatization
(c) Globalization
(d) All of the above
16. Simplification of trade restrictions
related to import is an example
-
(a) Globalization
(b) Privatization
(c) Disinvestment
(d) Aggregation
17. LPG stands for:
-
(a) Liberalization
(b) Privatization
(c) Globalization
(d) All of these
18. Globalization means:
-
(a) Taking off restrictions in export
and import of goods and services
(b) Gradual decrease in Government command and control over economic policies. (c) Transfer of Government ownership to private lands.
(d) None of these.
19. Gradual decrease in Government command and control over the economic policies:
-
(a) Globalization
(b) Privatization
(c) Liberalization
(d) None of the above.
20. Which one of the following countries is included in BRICS nations?
-
(a) Sweden
(b) South Africa
(c) South Korea
(d) Singapore
Meaning of Policies
21. In which country, you do not have
to pay a single penny to enter the National Art Gallery?
-
(a) England
(b) India
(c) Both India and England
(d) You have to pay in both countries
22. A__________ emanates from decision and decision is taken in line with____________identify the right expression to fill in the blanks.
-
(a) Policy, Goal
(b) Plan, Budget
(c) Goal, Plan
(d) Budget, Plan
23._________ outlined political system as a set of interactions having structures, each of which performs its functions in order to keep it like a going Concern.
-
(a) Gabriel Philips
(b) Gabriel Almond
(c) David Easton
(d) Kautilya
24. Who has propounded model on political-policy relationship known as Black Box Model?
-
(a) Gabriel Philips
(b) Gabriel Almond
(c) David Easton
(d) Kautilya
25._______ given by David Easton, identifies that there are many Societal demands which one not in- cluded in the decisions and policies designed by the State.
-
(a) Black Box Model
(b) Politics Box Model
> (c) Policy Box Model
(d) White Box Model
26.__________ has classified the inputs of political system into generic functional categories.
-
(a) Gabriel Almond
(b) Gabriel Solomon
(c) Richard David
(d) David Easton
27. The outputs of political system generally take the form of:
-
(a) Governmental Policies
(b) Programs
(c) Decisions
(d) All of these
28. The generic functional categories of inputs of political system include:
-
(a) Political Socialization & recruitment
(b) Interest Aggregation & articulation
(c) Political Communication
(d) All of the above.
29.____________ are those which are carried on by a political system in
response to demands or Stresses placed upon the system in the form of inputs.
-
(a) Economic System
(b) Input activities
(c) Output activities
(d) Political System
30. In the Context of political, the democracy frames:
-
(a) Stringent Policies
(b) No Policies
(c) Liberal Policies
(d) Complex Policies
31. An________ rules looks for policies which dominate over public freedom.
-
(a) Autocratic
(b) Democratic
(c) Free Rein
(d) Royal
Public Policy
32. Identify the one which may be considered as a public policy
-
(a) A decision by a Central Government to purchase a fleet of cars
(b) An old building to be demolished by a municipal corporation
(c) All citizens are to be provided with biometric aadhaar card
(d) Government passes a special resolution to change the name of a park
33. In any economy, the public policy is guided by __________factors.
-
(a) Social and cultural
(b) Religious
(c) Political
(d) All of these
34. In Delhi Metro, the first compart- ment in the moving direction is reserved for ladies. This policy of keeping reservation emanates from:
-
(a) Socio perspective
(b) Welfare perspective
(c) Cultural perspective
(d) Socio-cultural prospective
35. The Statement "Public policy is whatever Government chooses to do or not to do" is given by:
-
(a) Thomas R. Dye
(b) Richard Rose
(c) Carl J. Friedrich
(d) Martin Luther
36 Public Policies are always _______________
-
(a) Goal oriented
(b) Minutely defined
(c) Pro-rich
(d) For the poor
Nature of Public Policy
37. Which of the following is type of Public Policies.
-
(a) Facilitative Policy
(b) Regulatory Policy
(c) Restrictive Policy
(d) All of these
38. SEBI, RBI and IRDA are:
-
(a) Regulatory Institutions
(b) Policy institutions
(c) Satellite Institutions (d) Goal setting bodies
39. In order to protect products, the Government has imposed Custom Duties. The nature of this
public policy is
-
(a) Restrictive
(b) Regulatory
(c) Facilitating
(d) Liberal
40. The Conducive policies towards the development of Micro-Small- Medium Enterprises are an example of policy.
-
(a) Restrictive
(b) Regulatory
(c) Facilitating
(d) Liberal
41. The formation of National Skills
Development Corporation is example
of____________
policy.
-
(a) Restrictive
(b) Regulatory
(c) Facilitating
(d) Liberal
42. Which one of the following is the example of Regulatory Practices?
-
(a) Customs duties
(b) RBI
(c) MSME
(d) NSDC
43. After Independence, Planning
Commission (now NITI Aayog) was
established to make economic plans
for a period of
-
(a) Three
(b) Four
(c) Five
(d) Seven
44. After independence, India followed a:
-
(a) Socialistic Path of Development
(b) Commonwealth Model of Growth (c) Mixed Economic Path
(d) Capitalistic Model of Development
45. NITI Aayog replaced:
-
(a) Planning Commission
(b) Election Commission
(c) MRTP Commission
(d) Financial Commission
46. Which of the following institutions has been scrapped recently?
-
(a) Minerals and Metals Regulatory Commission
(b) Coal India Limited
(c) Planning Commission
(d) FIPB
47. Many of the Eastern European nations signed "Warsaw Pact" and followed the ______ pattern of
economy.
-
(a) Communistic
(b) Capitalistic
(c) Mixed
(d) Regional
48. Which one of the following western European nations have followed a Capitalistic model?
-
(a) Great Britain
(b) France and Spain
(c) Portugal and Germany
(d) All of the above.
49. The Constitution of the nation outlines the nature of policies to be taken for the growth and development of the nation. This Constitution was framed and accepted in _________.
-
(a) 1947
(b) 1948
(c) 1950
(d) 1951
50. When India became independent, the problems prevailing were -
-
(a) Socio-economic transformation
(b) National Integrity
(c) External Environment
(d) All of the above
51. Immediately after independence, the new Government of India indentified a thoroughly close knit relation and interaction between the important Government agencies. These agencies were:
-
(a) Political Executive
(b) Legislature
(c) Bureaucracy & judiciary
(d) All of the above.
53. Who invests the foreign currency in India to get better returns, other than Foreign Direct Investments?
-
(a) Non-Resident Indians
(b) Overseas citizens of India
(c) Both (a) & (b)(d) None of the these
54. In any economy, the foreign Direct
Investment:
-
(a) Is meant for setting up of business.
(b) Brings forex investment
(c) Enhances employment opportunities
(d) All of the above.
55. OCI refers to
-
(a) Overseas citizens of India
(b) Overseas Corporate Investors
(c) Other Corporate Investors
(d) None of these
56. As a part of series of measures taken towards liberalizing foreign investment, permission was grouted to _______to invest up to 100
percent capital in priorities sectors
-
(a) Non-Resident Indians
(b) Overseas Corporate Bodies
(c) Both (a) & (b)
(d) 100 percent Capital is never allowed
57. OCBs mean:
-
(a) Overseas Corporate Bodies
(b) Ordnance Commission Bilateral Secretariat
(c) Oversees Civic Boards
(d) Oversees Commercial Bilateral Treaties
58. FEMA replaced FERA in
-
(a) 2004
(b) 2000
(c) 1991
(d) 1999
59. The Companies in India are examples of FDI presence in India during the past
liberalization days.
-
(a) Samsung, Sony and HP
(b) Coke, Pepsico and Microsoft
(c) General MotorsHyundaiHonda, Toyota, Volkswagen & Volvo
(d) All of the above.
60. Which one of the following measures was taken towards liberalizing foreign investment?
-
(a) Automatic permission for technology agreements in high priority industries
(b) Removal of restrictions on FDI in low technology areas.
(c) Liberalization of technology imports.
(d) All of the above.
61. In order to give protection to foreign investments, the Government has signed the convention of ________
-
(a) Multilateral Investment Agreement.
(b) Multilateral Investment Rule.
(c) Multilateral Inflow Guarantee Agency.
(d) Multilateral Investment Guarantee Agency.
62._________ as a policy
helped India in integrating the country's economy with the world economy.
-
(a) Globalization
(b) Privatization
(c) Social Regionalism
(d) None of these.
63. Industrial policy was reformed first through the Industrial Policy in _________, which opened up the foreign
Capital inflow.
-
(a) 1949
(b) 1951
(c) 1991
(d) 2015
64. What was the reason behind reforms by the Government in 1991?
-
(a) Dysfunctions in Economy.
(b) Poor efficiency and low productivity in public sector undertakings
(c) Strong trade - Unionism which has crippled the growth of private sector
(d) All of these
65. Upto 1991, The Government of India took huge loans from the source:
-
(a) Asian Development Bank
(b) World Bank
(c) IMF
(d) All of the above
66. In 1992, some of the Public Sector Enterprises were first corporatized and process was started to sold a large chunk of shares to public. This process may be regarded as :
-
(a) Merger
(b) Disinvestment
(c) Globalization
(d) Sell-off
67. In the mid 1980s, the Soviet Union got broken and ________ independent States were formed.
-
(a) 7
(b) 11
(c) 15
(d) 21
68. In 1992, the Government of India took revolutionary steps to open up the economy. Which one of the following is part of such steps?
-
(a) Massive Change in economic policy
(b) Priority given to Public Sector
(c) Loss making Public Sector Enterprises were closed or divested
(d) All of these.
69.________
emanates from
decision and _________ is taken in line with ___________
-
(a) Policy, decision and goal
(b) Goal, Policy and Rules
(c) Rules, Policy and goal
(d) Rules, goal and Policy
70. Which one of the following Statement is Correct?
-
(a) Decisions are not based on Policy.
(b) All decisions can be categorized as the matters of policy.
(c) All the decisions that are taken cannot be categorized as matter of policy.
(d) There is no relation between decision and policy.
71. A decision is the ___________
of
making a ____________
-
(a) Act, Choice
(b) Impact, Policy
(c) Effect, decision
(d) Rule,decision.
72. There are many policies of the Government having vast areas of operation affecting the general welfare and development of the society as a whole. These policies have been formulated keeping in view the:
-
(a) Prime Character of the Indian Constitution
(b) Socio-economic problems
(c) Level of moral values of the society (d) All of these
73. The Union Government through different Ministries and various Regulatory Institutions may issue _____________.
-
a) Codes
(b) Guidelines
(c) Statutes
(d) Any of these.
74. Which one of the following is the example of distributive policies of the Government?
-
(a) Adult Education Programme
(b) Food Relief
(c) Social insurance & immunization camps
(d) All of these
75. __________
are concerned with regulation of national and foreign trade, business, safety measures, public utilities, etc.
-
(a) Regulatory Rules
(b) Regulatory Policies
(c) Regulatory Act
(d) Distribute Policies
76. _____________
can be in the area of public distribution to people below poverty line, public welfare, justice for women, health services, etc.
-
(a) Regulatory Policies
(b) Distributive Policies
(c) Distributive Decisions
(d) None of these
77. Which one of the following is not a regulatory institution?
-
(a) RBI
(b) Ministry of Commerce
(c) SEBI
(d) IRDA
78. Government holds responsibility and private sector handles fully and partly the delivery of product and services.
-
(a) Delegation
(b) Divestment
(c) Displacement
(d) Disinvestment
79. As a type of privatization, the delegation may happen through:
-
(a) Contract
(b) Franchise
(c) Grant
(d) Any of these
80. The Selling of a portion of owner- ship (Stake) in a public enterprise to private parties is regarded as:
-
(a) Delegation
(b) Divestment
(c) Displacement
(d) Disinvestment
81. In case of Maruti-Suzuki, the Union Government surrendered partial ownership and sold the majority stake to Suzuki of Japan in course of time. This is a case of:
-
(a) Partial Disinvestment
(b) Displacement
(c) Delegation
(d) Divestment
82. The Government monopoly through BSNL and MTNL has been taken away by the private sector plays like Airtel, Reliance Jio, Vodafone, etc. This type of privatization may be regarded as
-
(a) Displacement
(b) De-Centralization
(c) Delegation
(d) Ownership pattern policy
83.
facilitates privatization if it enables private sector to challenge a Government monopoly.
-
(a) Displacement
(b) De-regulation
(c) Dis-investment
(d) Privatization
84. FDI in sectors/activities which do not require any prior approval either of the Government or the Reserve Bank of India is identified as:
-
(a) Green Channel
(b) Priority route
(c) Non-Commercial Route
(d) Automatic Route
85. The method of FDI other than Automatic route is called:
-
(a) NRI Route
(b) Government Route
(c) Institutional Route
(d) Priority Route
86. In the post liberalization and privatization period, India was Considered a lucrative place of FDI inflow
because of its
-
(a) Huge domestic market
(b) Huge employment opportunity
(c) Low profile in Global economy
(d) None of these
87. ______________may be described as a flow of capital investment to an enter- prise in a nation by another enterprise located in a different nation by capturing a majority stake in ownership in a company in the target country.
-
(a) Foreign Direct Investment.
(b) Foreign Direct Inflow
(c) Globalization
(d) Foreign Intuitional Investors
88. Permission for FDI is
-
(a) Uniform for all sectors
(b) Not Uniform for all sectors
(c) Prohibited in all sectors
(d) Not allowed in India
89. Where there is no approval through Automatic Route, the company Concerned has to seek permission
from __________
-
(a) Atomic Energy
(b) Nidhi Company
(c) Lottery Business
(d) All of these
90. FIPB stands for:
-
(a) Foreign Institutional Promotion Board
(b) Foreign Institutional Preparatory Board
(c) Foreign Investment Priority Board
(d) Foreign Investment Promotion Board
91. India generally receives FDI from:
-
(a) US
(b) Britain
(c) Singapore & Japan
(d) All of the above
92. TDR stands for
-
(a) Transferable Development
Rights
(b) Technical Device Rights
(c) Technological Development Rays
(d) None of these
93. In which of the following sector,
FDI is not prohibited?
-
(a) Development of Townships
(b) Construction of residential/commercial premises
(c) construction of roads & bridges
(d) Trade in TDR
94. Identify the sector where, FDI is
not permitted:
-
(a) Automobile
(b) Infrastructure
(c) Textile
(d) Animal Husbandry
95. FDI is allowed in:
-
(a) Tea Plantation
(b) Coconut Plantation
(c) Sugarcane Plantation
(d) None of the above
96. Which of the following is correct?
-
(a) Government looks for FII's over FDI's for investment purposes
(b) There is no restriction in any sector for FDI
(c) There is limitation on some sectors for FDI
(d) All of these.
97. 100% FDI investment allowed in
which year?
-
(a) 2010
(b) 2012
(c) 2014
(d) 2004
98. Hyundai India Limited came to
India through the FDI route. It followed the path of:
-
(a) Divestment in Public Sector Unit
(b) Joint Venture
(c) By creating a 100% Indian subsidiary
(d) Replacement of a Government sector business.
99. Who cannot be a Foreign Direct
Investor?
-
(a) Governments or Government
Agencies
(b) Estates, Trusts, or Other Organi- zations
(c) Unincorporated Private or Public Enterprises
(d) None of the above
100. FDI may be allowed through
-
(a) Automatic Route
(b) Government Route
(c) Any of (a) & (b)
(d) None of these
101. Blackrock invested 30 million USDs as a portfolio investor in Indian stock market. This may be a case of
-
(a) FDI
(b) FII investment
(c) Indirect investment
(d) NRI investment
102. Foreign Intuitional Investors are:
-
(a) Large Foreign groups
(b) Having substantial investible funds
(c) Both (a) & (b)
(d) None of these
103. Foreign Intuitional Investors are registered abroad with a view to investing in other nations to invest in:
-
(a) Equity Markets
(b) Hedge & Pension Funds
(c) Mutual Funds
(d) All of these
104. Which of the following statement
is correct about FIIS?
-
(a) They have strong research team.
(b) They Speculate to invest in a Country.
(c) They invest where there is a possibility of strong return in equity market
(d) All of these.
Hope You Like Our Content ! Please give us a share and drop down your valuable comment
ca foundation,
ca foundation mcqs,
ca foundation BCK,
ca foundation BCK mcqs,
ca foundation BCK objective questions,
ca foundation BCK chapter 4
ca foundation BCK chapter 4 Government Policies For Business Growth
ca foundation BCK chapter 4 mcqs
ca foundation BCK chapter 4 Government Policies For Business Growth mcqs
ca foundation BCK chapter 4 objective questions
ca foundation BCK chapter 4 Government Policies For Business Growth objective questions
ca foundation Government Policies For Business Growth mcqs
ca foundation Government Policies For Business Growth objective questions