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IE & IFS QUIZ III

Total questions: 40

Worksheet time: 20mins

Name
Class
Date
1.

Globalization is defined as a rise in ______ among nations.

a)

Economic integration

b)

Political integration

c)

Spiritual integration

d)

Wealth integration

2.

Which Organisation popularised the globalisation concept in mid -1980s ?

a)

UB

b)

OECD

c)

IMF

d)

ECB

3.

Which among the following is not a benefit of globalisation ?

a)

Technology transfer

b)

Job creation

c)

Political stability

d)

Economic development

4.

Which among the following is not a protectionism measure ?

a)

Increased tariff

b)

Increased quota

c)

Non-tariff barriers

d)

increased capital account convertibility

5.

Which is not one of the primary pillars of the 1991 economic reform ?

a)

Automation

b)

Liberalisation

c)

Globalization

d)

Privatisation

6.

Narsimham committee on financial sector reforms is related to which sector ?

a)

Insurance

b)

Banking

c)

Capital market

d)

Money market

7.

Which is not a part of supervisory reforms, CAMELS ?

a)

Capital adequacy

b)

Asset quality

c)

Merger

d)

Earnings

8.

Which among the following is not an instrument used by Indian corporate sector to access funds from international capital market ?

a)

ADR

b)

GDR

c)

FCCB

d)

IPO

9.

The foreign trade policy 2015-2020 targeted to increase India's merchandise and services exports to ____ by 2019-2020.

a)

$ 900 Billion

b)

$ 700 Billion

c)

$ 600 Billion

d)

$ 500 Billion

10.

FDI from Pakistan is placed under __________

a)

Automatic route

b)

Government route

c)

Approval route

d)

None of these

11.

FDI limit in private banking is ____ ?

a)

26%

b)

49%

c)

74%

d)

100%

12.

FDI in India is prohibited in which of the sectors ?

a)

Defence

b)

Irrigation

c)

Health

d)

Lottery business

13.

Which is known as " Hot Money " ?

a)

FII

b)

FDI

c)

FPI

d)

None of these

14.

When did India become a member of IMF ?

a)

1945

b)

1955

c)

2000

d)

2010

15.

Which is not one of the baskets of five currencies used for SDR Valuation ?

a)

US Dollar

b)

Canadian Dollar

c)

Japanese Yen

d)

Chinese Renminbi

16.

India is not one of the founder member of which of the World Bank group of institutions ?

a)

IBRD

b)

IDA

c)

MIGA

d)

IFC

17.

Which nation is not a member of organization of petroleum exporting countries (OPEC) ?

a)

Kuwait

b)

Saudi Arabia

c)

UAE

d)

Qatar

18.

Is India a member of the Regional Comprehensive Economic Partnership (RCEP) ?

a)

Yes

b)

No

c)

N/A

d)

___

19.

OECD stands for ____

a)

Orientation for Economic Coordination and Deployment

b)

Obligation for External Coordination and development

c)

Organization for Economic Cooperation and Development

d)

Obligation for External cooperation and deployment

20.

The process of reducing dependency and integration among particular units throughout the world is known as ______

a)

Liberalisation

b)

Privatization

c)

Globalisation

d)

Deglobalisation

21.

Protectionism takes three main forms. Find the wrong one.

a)

Tariffs

b)

Non- tariff Barriers

c)

Import Quotas

d)

Export Quotas

22.

Economic reforms were Implemented in India in ____ ?

a)

1980

b)

1991

c)

1995

d)

2007

23.

Find out the wrong answer regarding the main pillars of "New economic policy".

a)

Integration

b)

Liberalisation

c)

Privatisation

d)

Globalisation

24.

Regulations that imposed on trade agreements must be relaxed in favour for trade to thrive, is called ____ .

a)

Liberalisation

b)

Privatisation

c)

Globalisation

d)

None of these

25.

The committee that formed for reforms in "Monetary Policy" in 1985 is ____.

a)

Chakaravarti Committee

b)

Narasimham Committee

c)

Padmanabhan Committee

d)

Verma Committee

26.

The committee that formed for reforms in "Financial Sector Reforms" in 1991 is ____.

a)

R H Khan Committee

b)

Gaiporia committee

c)

Tarapore Committee

d)

Narsimham Committee

27.

The committee that formed for reforms in "Review Bank Supervision" in 1996 is ____.

a)

Padmanabhan Committee

b)

Narsimham Committee

c)

Tarapore Committee

d)

Verma Committee

28.

In the full form of CAMELS, M stands for ____

a)

Market

b)

Monetary

c)

Members

d)

Management

29.

Full form of SARFAESI is ?

a)

Securitization and recoginition of financial assets and enforcement of securities interest

b)

Securitization and reconstruction of financial assets and enforcement of securities interest

c)

Securitization and reconstruction of financial assets and enforcement of standard interest

d)

Securitization and refurbishment of financial assets and enforcement of securities interest

30.

The banking ombudsman scheme was established in ____, for quick and low cost venue for bank clients to resolve grievances.

a)

1985

b)

1991

c)

1995

d)

1997

31.

To oversee and govern the insurance industry, which institution is created ?

a)

AMFI

b)

IBA

c)

IRDA

d)

SEBI

32.

An investment made in a country, by a foreign investor is called ____

a)

FII

b)

FDI

c)

FPI

d)

GATT

33.

FDI limit in defence manufacturing sector is ____

a)

15%

b)

49%

c)

51%

d)

100%

34.

FDI limit in Banking- Public sector is ___

a)

20 %

b)

49%

c)

74%

d)

100%

35.

Which one is not a type of FDI ?

a)

Redfield FDI

b)

Greenfield FDI

c)

Brownfield FDI

d)

Joint venture

36.

FII refers to ______ capital invested in stocks or hedge funds.

a)

Long term

b)

Mid term

c)

Short term

d)

None of these

37.

Which one is not the indicator of economic growth ?

a)

GDP

b)

GNI

c)

Per capita income

d)

HDI

38.

Companies based outside India that offer investment proposals in India is called ____ .

a)

FDI

b)

FII

c)

FPI

d)

None of these

39.

Head quarter of IMF is situated in

a)

Paris

b)

Geneva

c)

New York

d)

Washington D.C.

40.

Head quarter of WTO is situated in


a)

Paris

b)

Geneva

c)

New York

d)

Washington D.C.