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.

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.

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.

Which of the following is/ are not true for financial sector reforms?

1. The role of RBI changed to regulator.
2. Private sector banks were allowed to work.
3. Bank were allowed to expand their branches without prior approval.
4. All of the above are true.

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.

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.

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.

General Agreement on Trade and Tariff (GATT) was established in 1948 with how many countries as global trade partners?

1. 20
2. 21
3. 22
4. 23

Which market form has declined with coming of NEP?

1. Monopoly Market.
2. Perfect Competition.
3. Oligopoly.
4. Monopolistic Competition.

GST is applicable on __________________ of a good.

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