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Question (31)

QN0038201

A consumer spends ₹100,000 on goods, and 60% of the spending is on products whose prices have fallen due to greater competition. How much is spent on these products?

(A) ₹40,000
(B) ₹50,000
(C) ₹60,000
(D) ₹80,000

Correct Answer: C

Explanation:

60% of ₹100,000 = ₹60,000.

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Question (32)

QN0038202

According to the chapter, which group particularly benefited from greater consumer choice, quality and lower prices?

(A) Well-off urban consumers
(B) Only small farmers
(C) Only temporary workers
(D) Only unorganised workers

Correct Answer: A

Explanation:

The chapter states that well-off urban consumers particularly benefited.

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Question (33)

QN0038203

Out of 50 local firms, 20 receive foreign investment after increased globalisation. What percentage of firms received such investment?

(A) 20%
(B) 30%
(C) 40%
(D) 50%

Correct Answer: C

Explanation:

Percentage = 20/50 × 100 = 40%.

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Question (34)

QN0038204

Why are MNCs attracted to sectors where there are many well-off consumers?

(A) They expect no competition
(B) Such consumers can provide a market for their products
(C) Government bans local producers there
(D) Production costs are always zero

Correct Answer: B

Explanation:

Well-off consumers create demand and an attractive market for MNC products.

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Question (35)

QN0038205

A firm's revenue is ₹12 crore and its expenditure is ₹7 crore. What is the difference between revenue and expenditure?

(A) ₹3 crore
(B) ₹5 crore
(C) ₹7 crore
(D) ₹19 crore

Correct Answer: B

Explanation:

Difference = ₹12 crore − ₹7 crore = ₹5 crore.

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Question (36)

QN0038206

Which of the following is an Indian multinational corporation mentioned in the chapter?

(A) Tata Motors
(B) Ford Motors
(C) Cargill
(D) A foreign toy manufacturer

Correct Answer: A

Explanation:

Tata Motors is listed in the chapter as an Indian MNC.

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Question (37)

QN0038207

An SEZ unit receives a tax exemption for the first 5 years. If its tax would otherwise be ₹4 crore per year, how much tax would it avoid over 5 years?

(A) ₹4 crore
(B) ₹8 crore
(C) ₹20 crore
(D) ₹25 crore

Correct Answer: C

Explanation:

Tax avoided = ₹4 crore × 5 = ₹20 crore.

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Question (38)

QN0038208

Which statement correctly describes a Special Economic Zone (SEZ) as discussed in the chapter?

(A) It is an area designed to attract foreign investment through facilities and incentives
(B) It is an area where foreign trade is completely banned
(C) It is only for agricultural production
(D) It prevents MNCs from investing

Correct Answer: A

Explanation:

SEZs are created to attract foreign investment by providing facilities and incentives.

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Question (39)

QN0038209

A worker previously had employment for 12 months but now gets work for only 8 months. What is the percentage decrease in employment duration?

(A) 25%
(B) 33.33%
(C) 40%
(D) 50%

Correct Answer: B

Explanation:

Decrease = 4 months. Percentage = 4/12 × 100 = 33.33%.

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Question (40)

QN0038210

The price of an imported component falls from ₹100 to ₹50. What is the percentage reduction?

(A) 25%
(B) 40%
(C) 50%
(D) 60%

Correct Answer: C

Explanation:

Reduction = ₹50. Percentage reduction = 50/100 × 100 = 50%.

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Question (31)

A consumer spends ₹100,000 on goods, and 60% of the spending is on products whose prices have fallen due to greater competition. How much is spent on these products?

Explanation:

Link:

Question (32)

According to the chapter, which group particularly benefited from greater consumer choice, quality and lower prices?

Explanation:

Link:

Question (33)

Out of 50 local firms, 20 receive foreign investment after increased globalisation. What percentage of firms received such investment?

Explanation:

Link:

Question (34)

Why are MNCs attracted to sectors where there are many well-off consumers?

Explanation:

Link:

Question (35)

A firm's revenue is ₹12 crore and its expenditure is ₹7 crore. What is the difference between revenue and expenditure?

Explanation:

Link:

Question (36)

Which of the following is an Indian multinational corporation mentioned in the chapter?

Explanation:

Link:

Question (37)

An SEZ unit receives a tax exemption for the first 5 years. If its tax would otherwise be ₹4 crore per year, how much tax would it avoid over 5 years?

Explanation:

Link:

Question (38)

Which statement correctly describes a Special Economic Zone (SEZ) as discussed in the chapter?

Explanation:

Link:

Question (39)

A worker previously had employment for 12 months but now gets work for only 8 months. What is the percentage decrease in employment duration?

Explanation:

Link:

Question (40)

The price of an imported component falls from ₹100 to ₹50. What is the percentage reduction?

Explanation:

Link:

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