Practice Quiz :- 28


1. Which industry employs the largest number of women in India?
a) tea
b) textile
c) jute
d) coal
2. Which of the following is not a cash crop?
a) Jute
b) groundnut
c) jowar
d) sugarcane
3. An economy is at the ‘take off’ stage on its path to development when it
a) becomes stagnant
b) begins steady growth
c) is liberalized
d) gets maximum foreign aid

Ans.b) begins steady growth

4. Which among the following treaties provided for a common currency for the member countries of European Community?
a) Brussels Treaty
b) Geneva Convention
c) Mastricht Treaty
d) Treaty of Versailles

Ans.c) Mastricht Treaty

5. SEBI stands for
a) Science and Engineering Board of India
b) Securities and Exchange Board of India
c) Social Equity Bureau of India
d) Science and Educational Board of India

Ans.b) Securities and Exchange Board of India

6. With which of the following lies the basic regulatory authority for mutual funds and stock markets?
a) Reserve bank of India
b) Government of India
c) SEBI
d) Stock Exchanges
7. With which aspect of commerce are ‘Bulls and Bears’ associated?
a) Foreign Trade
b) Stock Exchange market
c) banking
d) international finance

Ans.b) Stock Exchange market

8. Which of the following is the basic characteristic of Oligopoly?
a) a few sellers, one buyer
b) a few sellers, many buyers
c) a few sellers, a few buyers
d) many sellers, few buyers

Ans.b) a few sellers, many buyers

9. State Financial Corporations give assistance mainly to develop
a) small and medium scale industries
b) agricultural farms
c) cotton industry
d) large scale industries

Ans.a) small and medium scale industries

10. In which of the following fields was the first co-operative movement in India initiated?
a) agricultural credit
b) farming activities
c) consumer co-operation
d) agricultural marketing

Ans.a) agricultural credit