Which market form has declined with coming of NEP?

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

India has been a favourite destination of outsourcing because:

1. India has English speaking youth.
2. India has well developed IT sector.
3. Indian government policies are favourable for outsourcing.
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).

__________________ means the excess of anticipated expenditures over estimated revenue.

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

Predecessor of WTO is:

1. General Agreement on Trade and Tariff.
2. General Announcement on Trade and Tax.
3. General Agreement on Taxes and Trials.
4. None of the above.

LPG stands for:

1. Liberalisation, Production and Global Cooperation.
2. Liberalisation, Privatisation and Globalisation.
3. License, Privatisation and Globalisation.
4. License, Permit and Goods.

How many industries still need license for its operations?

1. 4
2. 6
3. 8
4. 10

When was New Economic Policy announced?

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

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.