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.

What was the one major proposal of new industrial policy (1991)?

1. NRI's will not be allowed for capital investment in India.
2. Facility of FDI upto 51 percent in high priority industries.
3. Import restrictions on technical know how for one year.
4. Abolition of industrial licencing except for six industries.

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.

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.

___________ 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.

Why privatisation is considered as better policy to improve efficiency of sick PSU's?

1. Private sector is more efficient.
2. Private sector operates for profit.
3. Private sector provide job security.
4. Both (a) and (b).

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.

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.

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.