new economic policy

Front

LPG policy focused on: Liberalisation, globalisation, privatisation, all of the above

Back

all of the above

Front

Which of the following was the reason for initiation of economic reforms in 1991? (a) Increase in fiscal deficit, (b) BoP crises, (c) Fall in foreign exchange reserve, (d) All of these

Back

All of these

Front

Fiscal Deficit=

Back

Total expenditure of government – receipts(other than borrowings)

Front

Which of the following is NOT the reason for initiation of economic reforms in 1991? Poor Performance of PSUs, Fall in Foreign exchange reserves, Mounting fiscal deficit, High Growth Rate of Population.

Back

High Growth Rate of Population.

Front

Liberalisation implies:

Back

Reduction in government’s control over economy

Front

Which Act has been enacted in the place of MRTP Act?

Back

Competition Act .

Front

Laissez –fair policy is that policy in which:

Back

There is no intervention by the state in the functioning of an economy

Front

Privatisation means: Allowing the private sector to set up industries which were previously reserved for the public sector, Existing enterprises of the public sector are either wholly or partially sold to the private sector

Back

Both (a) and (b)

Front

Which of the following is the example of direct tax? Income Tax, Wealth Tax, Goods and service Tax, Both (a) and (b)

Back

Both (a) and (b)

Front

Integrating the economy of a country with the economies of other countries is known as:

Back

Globalisation