deficit in balance of payments arises when foreign payments for ______________ exceeds foreign receipts from _________________.

• import, export

• export , import

economic reforms have _______ the role of the public sector.

• increased

• reduced

_______ means removal of entry and growth restrictions on the private sector.

• liberalisation

• privatisation

• globalisation

in the industrial sector reforms, the number of industries, exclusively reserved for the public sector reduced from 17 to ________ industries.

• 3

• 4

• 5

• 6

as per the financial sector reform, the role of RBI was reduced from __________ to facilitator of financial sector.

• regulator

• controller

the aim of _____________ is to integrate the indian economy with the world economy.

• liberalisation

• globalisation

• privatization

__________ refers to contracting out some of its activities to a third party which were earlier performed by the organization.

• outsourcing

• privatisation

india has become a favourable destination of outsourcing for most of the MNC's because of low__________ and availability of ______________ .

• wage rate, skilled manpower.

• skilled manpower , wage rate

taxes are of two types:____________ taxes and _______________.

• income and corporate

• direct , indirect

___________________ means transfer of ownership , management and control of public sector enterprises to entrepreneurs in the private sector.

• liberalisation

• privatisation

• globalisation