Economics and Social Development – Test 7 1

Consider the following statements:
1. MMTC Limited is India’s largest international trading organization.
2. Neelachal Ispat Nigam Limited has been set up by MMTC jointly with the Government of Orissa. [UPSC 2009(CS-P)]

A “closed economy” is an economy in which [UPSC 2011 (CS-P)]

A great deal of Foreign Direct Investment (FDI) to India comes from Mauritius than from many major and mature economics like UK and France. Why? [UPSC 2010 (CS-P)]

A rapid increase in the rate of inflation is sometimes attributed to the “base effect”. What is “base effect”?  [UPSC 2011 (CS-P)]

Among the following, who are the Agarea community? [UPSC 2009(CS-P)]

An objective of the National Food Security Mission is to increase the production of certain crops through area expansion and productivity enhancement in a sustainable manner in the identified districts of the country. What are those crops? [UPSC 2010 (CS-P)]

As per the UN – Habitat’s Global Report on Human Settlement 2009, which one among the following regions has shown the fastest growth rate of urbanization in the last three decades? [UPSC 2010 (CS-P)]

As regards the use of international food safety standards as reference point for the dispute settlements, which one of the following does WTO collaborate with? [UPSC 2010 (CS-P)]

Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statements best represents an important difference between the two?[UPSC 2011 (CS-P)]

Consider the following actions by the Government:
1. Cutting the tax rates
2. Increasing the government spending
3. Abolishing the subsidies
In the context of economic recession, which of the above actions can be considered a part of the “fiscal stimulus” package? [UPSC 2010 (CS-P)]