12th Class Economics Indian Economy / भारतीय अर्थव्यवस्था Question Bank

done MCQs - New Economic Policy, 1991 Total Questions - 23

• question_answer1)
  Economic reforms in India were started in India:
  A)
  1951 done clear
  B)
  1985 done clear
  C)
  1991     done clear
  D)
  2001 done clear
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• question_answer2)
  What is the number of industries reserved for public sectors?
  A)
  Eight done clear
  B)
  Two done clear
  C)
  Five done clear
  D)
  Four done clear
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• question_answer3)
  Which of the following industry is not reserved for the public sector?
  A)
  Atomic energy done clear
  B)
  Rail transport done clear
  C)
  Iron and steel done clear
  D)
  None of these done clear
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• question_answer4)
  Who is the Chairman of the GST Council?
  A)
  Finance Minister done clear
  B)
  Prime Minister done clear
  C)
  Finance Secretary done clear
  D)
  Deputy Chairman of NITI Aayog done clear
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• question_answer5)
  When was MUDRA bank set-up?
  A)
  1991 done clear
  B)
  1994 done clear
  C)
  2000     done clear
  D)
  2015 done clear
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• question_answer6)
  GST has been implemented from:
  A)
  April, 2018 done clear
  B)
  January 1, 2018 done clear
  C)
  January 1, 2017 done clear
  D)
  July 1, 2017 done clear
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• question_answer7)
  Which of the following replaced MRTP Act?
  A)
  Competition Act done clear
  B)
  Foreign Exchange Management Act done clear
  C)
  New Companies Act done clear
  D)
  None of the above done clear
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• question_answer8)
  Who regulate the International Trade?
  A)
  IMF done clear
  B)
  World Bank done clear
  C)
  WTO done clear
  D)
  UNO done clear
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• question_answer9)
  Which of the following regulates the inflow and outflow of foreign exchange in India?
  A)
  FERA done clear
  B)
  FEMA done clear
  C)
  MRTP done clear
  D)
  SEBI done clear
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• question_answer10)
  Which of the following is not an instrument of fiscal policy?
  A)
  Taxation done clear
  B)
  Public expenditure done clear
  C)
  Interest rate done clear
  D)
  Government borrowings done clear
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• question_answer11)
  Which of the following statements is false?
  A)
  Deregulation of the industries is not good for the economy done clear
  B)
  Structural reforms are long-term measures done clear
  C)
  Globalisation is achieved by increasing tourism done clear
  D)
  Liberalisation is an economic reform done clear
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• question_answer12)
  Which one of these is still to be bought by the private sector?
  A)
  Air India done clear
  B)
  ONGC done clear
  C)
  SAIL done clear
  D)
  BHEL done clear
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• question_answer13)
  Which of the following statements is not true?
  A)
  Globalisation is opening up of the economy to the rest of the world done clear
  B)
  Liberalisation is removal of controls from the private sector done clear
  C)
  Privatisation is reducing the economic activity of private sector. done clear
  D)
  None of the above done clear
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• question_answer14)
  WTO has been established in:
  A)
  1960 done clear
  B)
  1992 done clear
  C)
  1963 done clear
  D)
  1995 done clear
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• question_answer15)
  BPO means:
  A)
  Business Policy Outsource done clear
  B)
  Business Process Organisaton done clear
  C)
  Business Process Outsourcing done clear
  D)
  None of the above done clear
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• question_answer16)
  RBI was set-up in:
  A)
  2006 done clear
  B)
  1971 done clear
  C)
  1963     done clear
  D)
  1935 done clear
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• question_answer17)
  Government declared ......... public sector undertakings as Navaratnas.
  A)
  6 done clear
  B)
  9 done clear
  C)
  3 done clear
  D)
  12 done clear
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• question_answer18)
  WTO is located in:
  A)
  Geneva done clear
  B)
  Berlin done clear
  C)
  New York done clear
  D)
  Japan done clear
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• question_answer19)
  ......... implies free interaction among all the countries in various fields like trade technology, Outsourcing etc.
  A)
  Monopoly done clear
  B)
  Privatisation done clear
  C)
  Policy reform done clear
  D)
  Globalisation done clear
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• question_answer20)
  Selling-off part of the equity of PSU's is called:
  A)
  Globalisation done clear
  B)
  Privatisation done clear
  C)
  Disinvestment done clear
  D)
  None of these done clear
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• question_answer21)
  New Economic Policy was announced in:
  A)
  June 1990 done clear
  B)
  July 1990 done clear
  C)
  July 1991 done clear
  D)
  January 1991 done clear
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• question_answer22)
  ......... and........ currency notes of old Mahatma Gandhi series were banned as Legal tender money on 8th November, 2016.
  A)
  Rs 50 and Rs 100 done clear
  B)
  Rs 500 and Rs 1000 done clear
  C)
  Rs 500 and Rs 2000 done clear
  D)
  Rs 500 and Rs 200 done clear
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• question_answer23)
  Demonetisation does not target:
  A)
  tax administration done clear
  B)
  cashless economy done clear
  C)
  credit creation done clear
  D)
  encouragement to black money done clear
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