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Economic Reforms

Description: Economic Reforms in India
Number of Questions: 15
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Tags: Economic Reforms in India
Attempted 0/15 Correct 0 Score 0

Fiscal policy means

  1. policy relating to money and banking in a country

  2. policy relating to public revenue and public expenditure

  3. policy relating to non banking financial institutions

  4. none of the above


Correct Option: B

____ means integrating the domestic economy with the world economy.

  1. Globalisation

  2. Privatisation

  3. Liberalisation

  4. Disinvestment


Correct Option: A

The precondition for privatisation to be successful requires

  1. liberalisation and deregulation of the economy

  2. capital markets to be sufficiently developed

  3. none of the above

  4. both of the above (1) and (2)


Correct Option: D

_____ has been founded to act as permanent watchdog on the international trade.

  1. IBRO

  2. ADB

  3. WTO

  4. IMF


Correct Option: C

Which of the following is not a part of fiscal policy?

  1. Subsidy under public distribution system

  2. Control of population

  3. Imposition of taxation

  4. Issue of bonds by government


Correct Option: B

In the pre-reform period, the banking sector

  1. functioned in a highly regulated environment

  2. functioned in a manner detrimental to the generally public

  3. concentrated on making huge profit

  4. none of the above


Correct Option: A

EPCG stands for

  1. Export Promotion Capital Goods

  2. Expert programmer for Credit Generation

  3. Exchange programmer for Consumer Goods

  4. Export Promotion Consumer Goods


Correct Option: A

Which of the following statements, regarding privatisation is correct?

  1. Privatisation is a panacea for all economic problems.

  2. Privatisation always leads to attaining social and economic efficiency.

  3. Privatisation may result in lop-sided development of industries in the country.

  4. None of the above


Correct Option: C

NIXI stands for

  1. National Internet Exchange of India

  2. National International Exchange of India

  3. National Institute of Exchange of Indian goods

  4. None of the above


Correct Option: A

FERA stands for

  1. Foreign Export Revaluation Act

  2. Funds Exchange Resource Act

  3. Finance and Export Regulation Association

  4. Foreign Exchange Regulation Act


Correct Option: D

Which of the following statements is correct with regards to the external sector in the post reform period?

  1. Quantitative restrictions have been imposed on a number of tradable items.

  2. Quantitative restrictions have been removed on most of the items, except a few goods.

  3. The tariff walls have been further raised.

  4. Foreign investment is now being discouraged


Correct Option: B

Which of the following statements is against privatisation?

  1. Privatisation will help reducing the burden on the exchequer.

  2. It will help the profit making public sector units to modernise and diversity their business.

  3. It will help in making public sector units more competitive.

  4. None of the above


Correct Option: D

Which of the following statements is correct?

  1. The public sector was given a dominant position in the newly independent India.

  2. The foreign trade policy post independence allowed free trade of all goods and services.

  3. Monetary policy post independence sought to keep the CRR at a very low level.

  4. None of the above


Correct Option: A

Under NIP, for MRTP the threshold limit of assets was

  1. added

  2. removed

  3. unchanged

  4. simplified


Correct Option: B

____ refers to the transfer of assets or service functions from public to private ownership.

  1. Globalisation

  2. Privatisation

  3. Disinvestment

  4. Liberalisation


Correct Option: B
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