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WorksheetsEconomic Reforms 1991 Grade 12
Total questions: 20
Worksheet time: 10mins
New Economic Policy was initiated in the year
1980
1988
1990
1991
(1) In 1991, India agreed to the conditionalities of ____ and ______ and announced the New Economic Policy.
(a)
Reforms related to revenue and expenditure of government is termed as
Industrial Reforms
Monetary Reforms
Fiscal Reforms
Financial Reforms
HEAD OFFICE OF WTO IS LOCATED IN
GENEVA
BERLIN
NEW YORK
DELHI
INDIA ASKED FOR A LOAN OF ________ FROM IMF IN 1991
$10 BILLION
$7 BILLION
$200 MILLION
NONE
(a) refers to relaxation of Government restrictions
WHICH OF THE FOLLOWING INDUSTRIES ARE RESERVED FOR THE PUBLIC SECTOR
DEFENCE EQUIPMENTS
ATOMIC ENERGY GENERATION
CEMENT
BOTH 1 AND 2
RBI WAS SETUP IN
1960
1952
1991
1935
(a) means integrating domestic economy with the world economy.
WTO was established in the year
1995
1885
2005
2015
Trade between two contries is known as
Multi lateral trade
Bilateral trade
Unilateral trade
-------- refers to disposal of equity of public sector units in the market
Globalisation
Privatisation
Disinvestment
Liberalisation
All of these
Which of the following reforms were initiated under liberalisation by Govt
Industrial sector reforms
Tax reforms
Financial sector reforms
All of these
Which of the following is not a tax reform ?
Reduction in taxes
Reforms in Indirect taxes
Simplification of tax process
Devaluation of Rupees
------ refers to contracting out some of its activities to a third party which were earlier performed by the organisation
Outsourcing
Globalisation
Privatisation
Liberalisation
-------- involves deregulation and reduction of government controls and greater autonomy of private investment to make economy more competitive .
Globalisation
Privatisation
Liberalisation
All of these
________ refers to reduction in the value of domestic currency by the government
Depreciation of rupee
Devaluation of rupee
Revaluation of rupee
Appreciation of rupee
GATT was established in the year
1950
1949
1948
1946
GST came into effect from (a) .
RBI’s role was changed from a _______ to a_____ under financial Reforms
(a)
