Economics Practice Quiz 67

Q1.In which year did the Indian government remove restrictions on imports of capacitors, leading to Ravi's struggle?

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

Q2.What activity did Indian television companies shift to due to competition from MNC brands?

A. Manufacturing their own components B. Exporting television sets C. Assembling activities for MNCs D. Diversifying into other electronic goods

Q3.Why did Indian television companies prefer to import capacitors over buying from producers like Ravi?

A. Imported capacitors were of higher quality. B. The price of imported capacitors was half the price charged by Ravi. C. Ravi's production capacity was insufficient. D. Government policies mandated imports.

Q4.What is a primary reason for employers preferring 'flexible' employment for workers?

A. To increase worker productivity B. To reduce raw material costs C. To cope with growing competition D. To provide more benefits to workers

Q5.What is a direct consequence of employers preferring 'flexible' employment for workers?

A. Workers receive higher wages B. Workers' jobs become more secure C. Workers' jobs are no longer secure D. Workers get more holidays

Q6.Which of the following was NOT a benefit Sushila was entitled to as a 'permanent worker' in the late 1990s?

A. Health insurance B. Provident fund C. Overtime at a double rate D. Paid annual leave

Q7.Why do large MNCs in the garment industry order products from Indian exporters?

A. To support Indian economy B. To ensure ethical labor practices C. To find the cheapest goods to maximize profits D. To promote cultural exchange

Q8.To cut their own costs and secure large orders, Indian garment exporters primarily try to reduce which of the following?

A. Cost of raw materials B. Labour costs C. Transportation costs D. Marketing expenses

Q9.While competition among garment exporters has allowed MNCs to make large profits, what is the stated outcome for workers?

A. Workers receive a fair share of benefits B. Workers' wages have significantly increased C. Workers are denied their fair share of benefits D. Workers gain more job security

Q10.According to the provided text, in which sector are most workers in India employed today?

A. Organised sector B. Public sector C. Unorganised sector D. Foreign MNCs

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Economics Practice Quiz 67