TRIPS stands for:

1. Tariff and Revenue for Indian Policies for Stabilisation.
2. Trade Related Intellectual Property Rights.
3. Tariff and Revenue for Indian Policy Strategy.
4. Trade related Indian Property Rights.

GST is applicable on __________________ of a good.

1. Demand.
2. Supply.
3. Production.
4. All of these.

When was New Economic Policy announced?

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

Which of the following is not a navratna company?

1. Bharat Petroleum Corporation Limited.
2. Gas Authority of India Limited.
3. Indian Railways.
4. Steel Authority of India Limited.

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.

The process of privatisation is where:

1. A company is transferred to a non-profit organization.
2. Services that were previously supplied are outsourced.
3. A few public sector enterprises are sold to private sector.
4. A state industry merges with or takes over a private or publicly owned company.

Which sector have faced some adverse impacts of NEP?

1. Agricultural Sector.
2. Industrial Sector.
3. Both (a) and (b).
4. None of these.

Industries now reserved for the public sector are:

1. Defence equipment.
2. Atomic energy generation.
3. Railway transport.
4. All of the above.

Which of the following policies were taken under 'structural reform measures?

1. Correcting BOP.
2. Controlling inflation.
3. Improving economic efficiency.
4. Increasing international competitiveness.

Choose from the options below:

1. Both (i) and (ii).
2. Both (ii) and (iii).
3. Both (iii) and (iv).
4. Both (ii), (iii) and (iv).

How many industries are reserved for public sector at present?

1. 4
2. 17
3. 10
4. 3