Practice Test

Q1) Which of the following statement is correct ? Show Answer

Q2) All the following development were noticed during 1991 (when economic reforms were enforced) except one. Identify it Show Answer

Q3) Which of the following statement is correct about the New Industrial Policy,1991 ? Show Answer

Q4) At present only ____industries are reserved for the public sector Show Answer

Q5) At present there are only____industries for which licensing is compulsory Show Answer

Q6) At present,100 percent FDI is allowed in Show Answer

Q7) In private banking _______percent FDI is allowed Show Answer

Q8) As a result of the New Industrial Policy ,1991 : Show Answer

Q9) Under the New Industrial Policy ,1991 : Show Answer

Q10) As a result of the New Industrial Policy ,1991 : Show Answer

Q11) In the pre-reform period, the banking sector Show Answer

Q12) Which of the following is correct in relation to banks in the post-reforms period ? Show Answer

Q13) Which of the following is correct in relation to external sector in the pre-reforms period ? Show Answer

Q14) Which of the following is correct in relation to external sector in the post-reforms period ? Show Answer

Q15) FERA stands for Show Answer

Q16) FEMA stands for Show Answer

Q17) As a result of the foreign trade reforms ; Show Answer

Q18) All of the following statements except one are correct about the foreign Trade Policy 2004-09 .Identify the incorrect Statement Show Answer

Q19) DFEC stands for Show Answer

Q20) EPCG stands for Show Answer

Q21) FIEO stands for Show Answer

Q22) Fiscal policy means Show Answer

Q23) The unsustainable levels of government deficits in the late 80's can be attributed to : Show Answer

Q24) CENVAT stands for Show Answer

Q25) The FRBMA stands for Show Answer

Q26) The FRBMA ,2003 emphasises on Show Answer

Q27) The Economic reforms have failed to Show Answer

Q28) Under the New Industrial Policy ,1991 : Show Answer

Q29) Before financial reforms, the banking system was characterised by all of the following except Show Answer

Q30) WTO stands for Show Answer

Q31) _________refers to relaxation of previous government restrictions Show Answer

Q32) ________refers to the transfer of assets or services function from public to private ownership Show Answer

Q33) ________refers to disposal of public sector's units in the equity in the market Show Answer

Q34) The Pre-condition for privatisation to be successful requires Show Answer

Q35) Which of the following statements regarding privatisation is correct ? Show Answer

Q36) Privatisation in India has taken place in all of the cases except Show Answer

Q37) Which of the following statement is correct ? Show Answer

Q38) _________means integrating the domestic economy with the world economy Show Answer

Q39) MATCH THE FOLLOWING : WTO Show Answer

Q40) RBI Show Answer

Q41) IMF Show Answer

Q42) IBRD Show Answer

Q43) In the year 1991 , this data was observed Show Answer

Q44) The number of industries in the public sector is reduced to Show Answer

Q45) CRR was lowered in 2004 to Show Answer

Q46) SLR in recent years is Show Answer

Q47) Bank rate was lowered in 2003 to Show Answer

Q48) PLR stands for Show Answer

Q49) FRA stands for Show Answer

Q50) RBI devalued its rupee to what percentage in 1991 ? Show Answer

Q51) Removal of tariff & other restriction in the flow of goods & services between countries is called Show Answer

Q52) Sale of part of equity holdings by the govt. in any PsU's to private investors is called Show Answer

Q53) GDR stands for Show Answer

Q54) In which method does the govt retain stake upto 26% in the PSU to protect its interest ? Show Answer

Q55) In which method does the govt simply sell part of its share is one PSU to other PSU's ? Show Answer

Q56) In which method does the govt sell a major portion of its stakes to a strategic buyer & also gives out management control ? Show Answer

Q57) in which year , did the realization from disinvestments exceed the targeted amount ? Show Answer

Q58) what is the term used for interdependence among countries with regards to goods, services ,capital ,etc ? Show Answer

Q59) Globalisation will lead to Show Answer

Q60) Globalisation will result in allocative efficiency by Show Answer

Q61) Globalisation is bad because it Show Answer

Q62) India has achieved full convertibility in Show Answer

Q63) EMR stands for Show Answer

Q64) Current membership of IMF is Show Answer