economic Reforms

Question 1

Economic reforms refer to a set of economic policies directed to accelerate the pace of

Answer 1

Growth and development

Question 2

In which year india launched the new economic policies

Answer 2

1991

Question 3

Components of NEP Are

Answer 3

• Policy of liberation
• Policy of privatisation
• Policy of Globalisation

Question 4

Which bank is called International Bank for reconstruction and development

Answer 4

World Bank

Question 5

_ is a process of involving the private sector in the ownership or operation of a state owned enterprise

Answer 5

Privatisation

Question 6

_ of the economy means freedom of the producing units from direct or physical control of the government

Answer 6

Liberalisation

Question 7

Countries that had achieved raped growth due to liberalisation were

Answer 7

Korea , Thailand , Singapore

Question 8

In which year and month the new industrial policy was announced to abolish license of licensing ?

Answer 8

July 1991

Question 9

For which industries the licensing was not abolished?

Answer 9

*Liquor
*Cigarette
*Defence equipments
*Industrial Explosives
Dangerous chemicals

Question 10

Economic reforms under liberalisation were ?

Answer 10

• Industrial reforms
• Financial Sector Reforms
• Tax Reforms

Question 11

NEP Number of industries reserved for public sector was reduced to -

Answer 11

17 to 8

Question 12

In which year the number of industries were reduced to merely 3

Answer 12

2010- 2011

Question 13

In 2010- 11 which three industries were of public sector?

Answer 13

• Atomic energy
• RAILWAY
• defence equipments

Question 14

During NEP is it true that now a matter of producers choice depending on market conditions

Answer 14

True

Question 15

In india which bank is controlled by financial sector

Answer 15

RBI

Question 16

Financial sector include what ?

Answer 16

#Banking and non banking financial institutions
#Stock exchange Market
#Foreign exchange Market

Question 17

FII Stands for -

Answer 17

Foreign Institutional Investment

Question 18

Because of liberalisation RBI shifted for a regulator to what ?

Answer 18

Facilitator

Question 19

The RBI would only facilitate the free play of Market forces and leave it to commercial banks to decide the interest rate it symbolises which function of RBI

Answer 19

Facilitator

Question 20

Before liberalisation RBI act as a -

Answer 20

Regulator

Question 21

Foreign investment limit in banks was raised to what %

Answer 21

74 %

Question 22

In which year was demonitisation introduced

Answer 22

2016

Question 23

Demonitisation withdraws the status of what

Answer 23

Legal tender

Question 24

On which date govt announced demonitisation

Answer 24

8 Nov , 2016