Name the Finance Minister who took a decision to introduce reforms in India.

1. P. Chiambaram.
2. Narsimha Rao.
3. Dr. Manmohan Singh.
4. Arun Jetli.

The origin of the financial crisis can be traced from the inefficient management of the Indian economy, which of the following reasons are responsible?

1. Government did not able to generate sufficient revenue.
2. Government expenditure began to exceed its revenue.
3. Government borrowed money for meeting consumption needs.
4. All of the above.

Which sector have faced some adverse impacts of NEP?

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

When was Navratna Policy announced?

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

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.

Financial sector reforms mainly relate to:

1. Banking sector.
2. Insurance sector.
3. Both (a) and (b).
4. Stock market.

__________________ means the excess of anticipated expenditures over estimated revenue.

1. Surplus.
2. Deficit.
3. Loss.
4. Profit.

LQP stands for:

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

GST is applicable on __________________ of a good.

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

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.