Economics Practice Quiz 66

Q1.Which Indian company is mentioned as an MNC in the 'automobiles' sector?

A. Infosys B. Ranbaxy C. Tata Motors D. Asian Paints

Q2.Infosys is mentioned as an Indian multinational company (MNC) in which specific sector?

A. Medicines B. Paints C. IT D. Automobiles

Q3.What are the industrial zones set up by the central and state governments in India to attract foreign companies called?

A. Export Processing Zones (EPZs) B. Free Trade Zones (FTZs) C. Special Economic Zones (SEZs) D. Industrial Development Areas (IDAs)

Q4.For how long do companies setting up production units in Special Economic Zones (SEZs) not have to pay taxes initially?

A. Two years B. Three years C. Five years D. Ten years

Q5.What measure has the government allowed in labour laws to attract foreign investment?

A. Stricter enforcement of labour laws B. Increased minimum wage requirements C. Flexibility in the labour laws D. Mandatory union membership for all workers

Q6.In recent years, how have companies been hiring workers 'flexibly' instead of on a regular basis?

A. For long-term contracts regardless of work pressure B. For permanent positions with reduced benefits C. For short periods when there is intense pressure of work D. Only for managerial and supervisory roles

Q7.What are foreign companies demanding regarding labour laws, even after existing flexibilities have been allowed by the government?

A. Stricter regulations on worker safety B. More government subsidies for training C. More flexibility in labour laws D. Higher wages for all contract workers

Q8.What major challenge has globalization posed for a large number of small producers and workers?

A. Increased demand for their products B. Easier access to international markets C. Major challenges D. Reduced production costs

Q9.What is the approximate number of workers employed by small and medium industries in India, next only to agriculture?

A. 1.1 crore B. 11 crore C. 110 crore D. 1100 crore

Q10.In which year did Ravi start his company producing capacitors?

A. 2001 B. 2000 C. 1992 D. 1995

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Economics Practice Quiz 66