new economic policy

LPG policy focused on:

• Liberalisation

• globalisation

• privatisation

• all of the above

Which of the following was the reason for initiation of economic reforms in 1991?

• Increase in fiscal deficit

• (b) BoP crises

• Fall in foreign exchange reserve

• All of these

Fiscal Deficit=

• Total expenditure of government – receipts

• Total expenditure of government – receipts(other than borrowings)

• Revenue expenditure of the government – Revenue receipts

• None of the above.

Which of the following is NOT the reason for initiation of economic reforms in 1991?

• Poor Performance of PSUs

• Fall in Foreign exchange reserves

• Mounting fiscal deficit

• High Growth Rate of Population.

Liberalisation implies:

• Reduction in government’s control over economy

• Encouragement to public sector

• Nationalism

• None of these

Which Act has been enacted in the place of MRTP Act?

• Competition Act .

• Monopoly Act

• Licensing Act

• oreign Exchange Act.

Laissez –fair policy is that policy in which:

• There is intervention by the government in the functioning of an economy

• There is intervention by the state in the functioning of an economy

• There is no intervention by the state in the functioning of an economy

• None of these

Privatisation means :

• Allowing the private sector to set up industries which were previously reserved for the public

  sector

• Existing enterprises of the public sector ar either wholly or partially sold to private sector

• Both (a) and (b)

• None of these

Which of the following is the example of direct tax?

• Income Tax

• Wealth Tax

• Goods and service Tax

• Both (a) and (b)

Integrating the economy of a country with the economies of other countries is known as:

• Liberalisation (

• Globalisation

• Privatisation

• None of these