1. Assertion (A): The integration of domestic economy through trade and capital flows accelerated Indian economic growth significantly.
Reason (R): The Government is keen to promote exports and provide more jobs.
A. Both (A) and (R) correct; (R) explains (A)
B. Both (A) and (R) correct; but (R) does not explain (A)
C. (A) correct, (R) incorrect
D. (R) correct, (A) incorrect
Correct Answer: A
2. Which is a benchmarking tool to measure logistics supply chain performance across nations?
A. Logistics Preparedness Index
B. Supply Chain Performance Index
C. Logistics Performance Index
D. Supply Chain Preparedness Index
Correct Answer: C
3. Which of the following is / are NOT true about linear shipping?
(a) Used for high-value manufactured goods
(b) Offers slower service
(c) Runs on fixed schedule
(d) Contract document is Charter Party
A. (a) & (c)
B. (a), (b) & (d)
C. (d)
D. (b) & (d)
Correct Answer: B
4. Which term refers to effective control acquisition by one company over another without legal combination?
A. Consolidation
B. Acquisition
C. Merger
D. Takeover negotiation
Correct Answer: B
5. WTO body that reviews trade policies of member countries is:
A. TRIPS
B. DSB
C. TPRB
D. General Council
Correct Answer: C
6. Balance of payment accounts include which components?
A. Current account & Capital account
B. Government & Private accounts
C. Budget & Trade accounts
D. Revenue & Expenditure accounts
Correct Answer: A
7. Under which WTO agreement protection is provided to trademarks and copyrights?
A. TRIMS
B. TRIPS
C. GATS
D. GATT
Correct Answer: B
8. The international organisation providing concessional loans for economic development of poor countries is:
A. IMF
B. WTO
C. World Bank
D. OECD
Correct Answer: C
9. Which information system supports routine, structured reporting processes?
A. MIS
B. DSS
C. ESS
D. KMS
Correct Answer: A
10. Data Mining is used for:
A. Extracting patterns from large databases
B. Storing large data
C. Presenting summary reports only
D. Hardware networking
Correct Answer: A
11. Decision support system (DSS) is used for:
A. Strategic unstructured decision making
B. Regular operational reporting
C. Data storing
D. Management accounting only
Correct Answer: A
12. Artificial intelligence primarily aims at:
A. Improving physical productivity
B. Simulating human thought processes into machines
C. Networking hardware across systems
D. Improving inventory capacity
Correct Answer: B
13. EXIM policy relates to:
A. Promotion of foreign tourism
B. Export-import trade regulations
C. Banking credit policy
D. Control of foreign exchange
Correct Answer: B
14. Foreign Direct Investment advantages include:
A. Increase capital formation & technological upgradation
B. Guaranteed domestic employment
C. Monopoly protection
D. Trade deficit control only
Correct Answer: A
15. A document used internationally as a transport contract is:
A. Delivery challan
B. Bill of Lading
C. Certificate of Origin
D. Letter of Credit
Correct Answer: B