WorksheetsCH-3 REFORMS SINCE 1991 OR NEW ECONOMIC POLICY (TEST-1)
Total questions: 10
Worksheet time: 6mins
Economic reforms in India were initiated in the year:
1990
1991
1992
1992
Liberalisation implies:
greater role of public sector
reduction in government control over the private sector
free economy with no controls
none of these
Which of the following is not an element of fiscal reforms?
Taxation reforms
Public expenditure reforms
Change in interest rate
Control on public debt
Which of the following is not a component of privatisation?
Contraction of public sector
Disinvestment in public sector enterprises.
Sale of public sectors share
Purchase of industrial shares by the government.
Which of the following is an element of financial sector of the economy?
Banking and non-banking financial institutions
Stock exchange market
Foreign exchange market
All of these
Which of the following is an example of indirect tax?
Income tax
Wealth tax
Goods and services tax
None of these
Liberalisation of the economy under the new economic policy changed the role of RBI in the economy:
from a 'regulator' to 'facilitator' of the financial sector
from a 'controller' to 'manager' of the government sector
both (a) and (b)
none of these
External sector reforms under NEP included:
foreign exchange reforms
foreign trade policy reforms
both (a) and (b)
none of these
(a) taxes are those taxes, the burden of which can be shifted on to others.
Selling off part of the equity of PSU's is called ______________
Monopoly
Privatisation
Policy reform
Globalisation
