New Economic Policy 1991

Who was the Prime Minister in 1991 to take bold and significance decision

• Atal Bihari Vajpayee

• P.V. Narasimha Rao

• Rajiv Gandhi

• Lal Bahadur Shastri

1. Which Macroeconomic stabilization measures were taken in 1991?

• Control of inflation

• Fiscal correction

• Improvement in BOP

• All of the above

1. What was the main reason for increase in import price during 90s?

• Increase in crude oil prices

• War with Pakistan

• Demonetization

• Non availability of solar vehicle’s

1. Structural reforms are also known as

• Infrastructural development

• Supply side management

1. What is the full form of LPG?

• Liberty Prosperity Governance

• Low Poverty Goals

• Liberalization Privatization Globalization

• Long Performance Goals

1. What was the limit on companies Assets under MRTP Act?

• 80 crores

• 150 crores

• 120 crores

• 100 crores

1. When was IRDA Act was passed?

• 1995

• 1999

• 2000

• 2010

1. Industrial sectors reforms are

• Abolition of industrial licensing

• Reduced the role of public sector

• Removal of MRTP limit

• All of the above

1. Since 1951, India has been ______ economy.

• Socialist

• Mixed

• Capitalist

• Feudalistic

1. Which one of the following measure was taken to reduce inflation.

• Reduction of CRR and SLR

• Increase in CRR and SLR

• Lowering of exports

• None of the above