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B Com Exam  >  B Com Tests  >  Test: Political Environment - 1 - B Com MCQ

Test: Political Environment - 1 - B Com MCQ


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10 Questions MCQ Test - Test: Political Environment - 1

Test: Political Environment - 1 for B Com 2024 is part of B Com preparation. The Test: Political Environment - 1 questions and answers have been prepared according to the B Com exam syllabus.The Test: Political Environment - 1 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Political Environment - 1 below.
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Test: Political Environment - 1 - Question 1
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Which branches of government are found in both the Indian and U.S. political systems?

Detailed Solution for Test: Political Environment - 1 - Question 1
Both the Indian and U.S. political systems have three branches of government, which are the Executive, Legislative, and Judiciary. These branches are responsible for different functions and work together to ensure a balanced system of governance.
Test: Political Environment - 1 - Question 2
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What is the main goal of the Indian National Congress?

Detailed Solution for Test: Political Environment - 1 - Question 2
The main goal of the Indian National Congress is to eradicate poverty. The party has been working towards implementing policies and programs that aim to uplift the socio-economic conditions of the underprivileged sections of society. By focusing on poverty eradication, the Indian National Congress aims to create a more equitable and prosperous nation.
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Test: Political Environment - 1 - Question 3
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Which party in India rejects both capitalism and communism?

Detailed Solution for Test: Political Environment - 1 - Question 3
The Bharatiya Janata Party (BJP) in India rejects both capitalism and communism. The party follows the ideology of integral humanism, which seeks to strike a balance between individual rights and the welfare of society. By rejecting both capitalism and communism, the BJP promotes a unique approach to governance that focuses on holistic development and the formation of smaller states for better governance.
Test: Political Environment - 1 - Question 4
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What is the length of India's 2014 elections?
Detailed Solution for Test: Political Environment - 1 - Question 4
India's 2014 elections lasted for a total of 6 weeks. The voting process took place from April 7 to May 12, and the results were tallied on May 16. This election period is considered the longest in Indian history, highlighting the immense scale and significance of the democratic process in the country.
Test: Political Environment - 1 - Question 5
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What is the role of state governments in India?
Detailed Solution for Test: Political Environment - 1 - Question 5
State governments in India are primarily responsible for maintaining internal security within their respective states. This includes managing law and order, overseeing the state police forces, and ensuring public safety. State governments work in coordination with the central government to maintain peace and harmony within their regions.
Test: Political Environment - 1 - Question 6
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Why does the government intervene in economic activity in under-developed countries?
Detailed Solution for Test: Political Environment - 1 - Question 6
The government intervention in economic activity in under-developed countries is primarily aimed at ensuring economic stability. In such countries, the free play of economic forces can lead to large unemployment and instability in the economic system. By intervening, the government can regulate and guide economic activities to achieve stability and full employment of resources. This intervention becomes even more crucial in under-developed economies that are striving to overcome poverty and improve living standards.
Test: Political Environment - 1 - Question 7
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What is the purpose of comprehensive planning in under-developed economies?
Detailed Solution for Test: Political Environment - 1 - Question 7
Comprehensive planning in under-developed economies aims to achieve economic stability. In such economies, there is a circular constellation of forces that keep the country in a state of under-development equilibrium. Comprehensive planning allows the government to break this vicious circle and initiate the process of economic development. By strategically planning and allocating resources, the government can guide the economy towards stability and growth.
Test: Political Environment - 1 - Question 8
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Why does the government invest in social and economic overheads in under-developed countries?
Detailed Solution for Test: Political Environment - 1 - Question 8
The government invests in social and economic overheads in under-developed countries to incentivize private enterprise in the long run. Private entrepreneurs are generally interested in quick returns on their investments and may not be willing to invest in costly social overheads that provide long-term benefits to society as a whole. By investing in these overheads, such as schools, hospitals, and infrastructure, the government creates external economies that benefit private enterprises and contribute to overall economic development.
Test: Political Environment - 1 - Question 9
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What is the residency requirement for foreign nationals to buy property in India?
Detailed Solution for Test: Political Environment - 1 - Question 9
Foreign nationals of non-Indian origin who reside outside India can only buy property in India if they satisfy the residency requirement of staying 183 days or more in a financial year. This requirement ensures that individuals have a substantial connection to the country before being allowed to own immovable property. It helps regulate property ownership and prevent misuse or illegal transactions.
Test: Political Environment - 1 - Question 10
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What is the role of the state government in providing education in India?
Detailed Solution for Test: Political Environment - 1 - Question 10
The state government in India plays a crucial role in providing education. This includes maintaining school buildings and colleges, employing teachers, and providing assistance to underprivileged students. The state government's education department is responsible for ensuring access to quality education for all citizens, regardless of their socio-economic background. By prioritizing education, the state government aims to create a skilled and educated workforce, contributing to the overall development of the country.
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