Recap-Chapter 3

New Economic Reforms

• 1990

• 1950

• 1996

• 1991

Which institution regulates the financial sector in India?

Which of the following is a Navaratna?

• a) Indian Oil Corporation Limited

• b) Steel Authority of India Limited

• c) Hindustan Aeronautics Limited

• d) Airport Authority of India

IBRD was another name for which institution?

• a) Reserve Bank of India

• b) Federal Reserve

• c) World Bank

• d) Swiss National Bank

The process through which a company hires services from external sources mainly foreign countries is known as?

• a) Privatisation

• b) Disinvestment

• c) Outsourcing

• d)Liberalisation

Which policy means integrating of domestic economy with the world economy?

• a) Globalization

• b) Privatisation

• c) Liberalisation

• d) None of the above

___________ (Direct / Indirect) taxes are the taxes levied on commodities.

The Goods and Service Tax Act came into effect from ___________

• 2001

• 2016

• 2017

• 1995

In 1991, as an immediate measure to resolve the balance of payment crisis, the rupee was _______ (revalued / devalued) against foreign currencies.

1991 reforms were undertaken under the finance minister ................

• PV Narasimha Rao

• Dr. Manmohan Singh

• Rageev Gandhi

• Nehru