New Economic Policy 1991

Which of the following are the components of New Economics Policy?

• Liberalization

• Association

• Privatization

• Industrialization

Government of India Adopted New Economics Policy in (a)  

What do you mean by liberalization?

Write any two measures taken for the Liberalization of Indian economy.

SEBI Stands for (a)  

To bring about flexibility in laws relating to Foreign Exchange, following law was Implemented-

• FERA

• FEMA

• SEBI

• GST

Eliminating government set restrictions or barriers is known as?

• Free Trade

• Favorable trade

• Investment

• Liberalization

What does Liberalization aims at?

• Socialist pattern of society

• Economic planning

• Land reforms

• Economic reforms

Which was the following was one of the most important measures introduced in the foreign trade policy from 1991?

• The reduction of restriction on imports from other countries

• The reduction of restriction on export to other countries

• Above both options are incorrect

• Above both options are correct

Abolition of which of the following Act leads to freedom in investment decision?

• MRTP Act of 1969

• Industrial policy act of 1956

• Dereservation act of 1956

• New Economic Act of 1991