New Economic Policy

LPG policy focused on

• Liberalisation

• privatisation

• globalisation

• all of these

Liberalisation implies

• reduction in government's control over economy

• encouragement to public sector

• nationalisation

• none of these

laissez- faire policy is that in which

• there is no 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

After liberalisation, red tapism in the government administrative departments has _________ (increased/decreased)

In India, financial sector is regulated and controlled by the _________

_________ implied a substantial shift in the role of the RBI from ' a regulator' to 'a facilitator' of the financial sector.

_________ barriers refer to barriers on imports through high import duty.

Liberalisation means a system of laissez- faire

• True

• False

Choose the correct alternative showing chronological order of the following events

i. establishments of GATT

ii. Demonetisation in India

iii. Maharatna status to different companies.

iv. Foreign Exchange Management Act

• iv, iii, i, ii

• i, iv, iii, ii

• iv, ii, i, iii

• iii, i, iv, ii

Define Economic reforms