ECONOMIC REFORMS ---- LPG

Name the two international organisation whom India approved for loan to manage the crisis during 1990's

• IMF and WTO

• IMF and World Bank

• World Bank and WTO

• None of these

Liberalisation was introduced to put an end to

• Controls and restrictions And open various sectors

• Foreign exchange regulation

• To empower private sector

• Public sector power

Which among the following is not a reason for economic reforms

• Poor performance of public sector

• Deficit in balance of payment account

• Inefficient management

• Political instability

Outsourcing is one of the important outcome of

• Globalisation

• Privatisation

• Liberalisation

• Liberalisation all of these

WTO is a successor organisation of

• General agreement on trade and tariff

• IMF

• UNO

• None of these

WTO was founded in the year

• 1990

• 1995

• 1999

• 2001

In 1991 an immediate measure to resolve the BOP crisis was

• To free the determination of Rupee value in foreign exchange market from government control

• Devaluation of rupee against foreign currency

• Removing the trade barriers quota and tariffs

• Simplification of export and import procedures

The trade policy reforms aimed at

• Dismantling of quantitative restrictions on imports and Exports

• Reduction of tariff rates

• Removal of licensing procedures procedures for imports

• All of the above

With the launch of make in India which among the following was further liberalised

• foreign direct investment

• Foreign institutional investment

• Foreign exchange reserve

• All of these

Make in India was launched in the year

• 2012

• 2014

• 2016

• 2017