Objectives of privatisation policy are:

1. To improve the government's financial position.
2. To improve the performance of an enterprise.
3. To reduce the burden on public administration.
4. All the above.

International body which deals with Multilateral Trade Agreement between nations is:

1. UNO
2. WTO
3. OPEC
4. IBRD

When was New Economic Policy announced?

1. In July, 1991
2. In June, 1991
3. In July, 1996
4. In June, 1992

Which duty has been removed to increase the competitive position of Indian goods in the international markets?

1. Custom duty.
2. Export duty.
3. Import duty.
4. None of the above.

_______ sector remained stagnant during reform period.

1. Primary Sector.
2. Secondary Sector.
3. Tertiary Sector.
4. All of the above.

Which of the following statements is true?

1. Privatisation and disinvestment is one and the same thing.
2. Every privatisation is disinvestment.
3. Every disinvestment is privatisation.
4. Disinvestment is broader than privatisation.

__________________ refers to the sale of equity of public sector units in the market.

1. Liberalisation.
2. Globalisation.
3. Disinvestment.
4. Privatisation.

When was New Economic Policy introduced in India?

1. 1991
2. 1981
3. 1995
4. 2000

Which of the following factors cause government to undertake programmes of public sector reforms?

1. Economic inefficiency in the production activities of the public sector.
2. Rapid and unreasonable expansion of bureaucracy.
3. Lack of accountability and corruption.
4. All the above.

What was the one major proposal of new industrial policy (1991)?

1. NRI's will not be allowed for capital investment in India.
2. Facility of FDI upto 51 percent in high priority industries.
3. Import restrictions on technical know how for one year.
4. Abolition of industrial licencing except for six industries.