When was Navratna Policy announced?

1. 1992
2. 1991
3. 1995
4. 1996

Which of the following is not a method of privatisation?

1. Disinvestment.
2. Sale of PSUs to private sector.
3. Contraction of PSUs.
4. Sale of PSUs to government.

_______ sector remained stagnant during reform period.

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

Devaluation of a currency means:

1. Fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
2. Permitting the currency to seek its worth in the international market.
3. Fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies.
4. Reduction in the value of domestic currency in relation to other currencies in the world

International Bank for Reconstruction and Development (IBRD) is popularly known as:

1. World Bank.
2. Bank of Tokyo.
3. American Express.
4. HSBC Bank.

Deregulation of the economy and to introduce the policy of laissez-faire can be achieved through:

1. Liberalisation.
2. Globalisation.
3. Privatisation.
4. None of these.

Rate of which tax was reduced as per the tax reforms:

1. Income tax.
2. Corporation tax.
3. Value-added tax.
4. Property tax.

What was the immediate crisis India faced in the beginning of the 1990s?

1. Inflation.
2. Debt trap.
3. Foreign exchange crisis.
4. All of the above.

Which of the following is not true about economic crisis of India in 1990?

1. India was highly indebted country, pay ₹ 10,000 crore as interest payment.
2. Foreign exchange reserves showed a marginal rise owing to policies between 1950 to 1990.
3. Inflation rate was very high at 16.8% per annum.
4. BOP was in deficit of ₹ 30,000 crore.