Opening up the economy to the economies of the world so that Indian economy can compute at international level is called:

1. Liberalisation.
2. Globalisation.
3. Privatisation.
4. None of the above.

GATT stands for:

1. General Agreement on trade and tariff.
2. Governments Association for trade and tariff.
3. General Agreement on terms of trade.
4. Government Agreement on terms of trade.

When was New Economic Policy announced?

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

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

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

The pre-condition of privatisation to be successful requires:

1. Liberalisation and de-regulation of the economy.
2. Capital markets should be sufficiently developed.
3. Both (a) and (b).
4. None of these.

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.

LQP stands for:

1. License, Quota and Permit.
2. Liberalisation, Quality Improvement and Production.
3. License, quality and Production.
4. Liberalisation, Quota and Permit.

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

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

___________ refers to an electronic device that allows an individual to make financial transactions electronically.

1. e-wallets.
2. Plastic cards.
3. Cheques.
4. None of the above.