When was New Economic Policy introduced in India?

1. 1991
2. 1981
3. 1995
4. 2000

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

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

How many PSUs were given status of mini ratnas?

1. 108
2. 9
3. 97
4. 21

The most common route for investment by MNCs in countries around the world is to:

1. Set-up new factories.
2. Buy existing local companies.
3. Form partnership with local companies.
4. All of the above.

IMF stands for:

1. International Monetary Foundation.
2. Internal Monetary Fund.
3. International Monetary Fund.
4. International Money Foundation.

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.

__________________ means the excess of anticipated expenditures over estimated revenue.

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

At present India is the _______ largest foreign exchange holder of the world.

1. fifth.
2. sixth.
3. seventh.
4. eighth.

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.

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.