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______

What do you mean by liberalization?

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

SEBI Stands for ____________________

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