CA Foundation Paper 4

Commercial Knowledge MCQ

Chapter 10 • 18 Questions from ICAI Study Material

Questions

18

Est. Time

14 min

Exam Weight

5-8%

Source

ICAI Book

Sample Questions: Commercial Knowledge

Preview 8 of 18 MCQs from Chapter 10

1. The Indian industry stagnated under the colonial rule because

A) Indians were keen on building huge structures and monuments only
B) Deterioration was caused by high prices of inputs due to draught
C) The Indian manufactures could not compete with the imports of cheap machine made goods ✓
D) None of the above

2. The first wave of liberalization starts in India

A) In 1951
B) In 1980’s ✓
C) In 1990
D) In 1966

3. The sequence of growth and structural change in Indian economy is characterized by

A) The historical pattern of prominence of sectors as agriculture, industry, services
B) The historical pattern of prominence of sectors as industry, services, agriculture
C) Unique experience of the sequence as agriculture, services, industry ✓
D) All the above are correct

4. Merchandise Exports from India Scheme was replaced by -

A) Remission of Duties and Taxes on Export Products (RoDTEP) in 2021 ✓
B) National Logistics Policy (NLP) in 2020
C) Remission of Duties and Taxes on Export Products (RoDTEP) in 2019
D) None of the above

5. The Foreign Investment Promotion Board (FIPB)

A) a government entity through which inward investment proposals were routed to obtain required government approvals
B) no more exists as the same is replaced by a new regime namely Foreign Investment Facilitation Portal ✓
C) no more exists as all inward investments are through automatic route and need no approval
D) is the body which connects different ministries in respect of foreign portfolio investments

6. FAME-India Scheme aims to

A) Enhance faster industrialization through private participation
B) to promote manufacturing of electric and hybrid vehicle technology ✓
C) to spread India’s fame among its trading partners
D) None of the above

7. In terms of Ease of Doing Business in 2020 India ranks

A) 63 ✓
B) 77
C) 45
D) None of the above

8. E-NAM is -

A) An electronic name card given to citizens of India
B) National Agriculture Market with the objective of creating a unified national market for agricultural commodities.
C) a pan-India electronic trading portal which networks the existing APMC mandis
D) b) and c) above ✓