Which sector have faced some adverse impacts of NEP?

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

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).

Which of the following is not true about economic crisis of India in 1990?

1. India was highly indebted country, pay ₹ 10,000 crore as interest payment.
2. Foreign exchange reserves showed a marginal rise owing to policies between 1950 to 1990.
3. Inflation rate was very high at 16.8% per annum.
4. BOP was in deficit of ₹ 30,000 crore.

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.

Which market form has declined with coming of NEP?

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

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.

International Bank for Reconstruction and Development (IBRD) is popularly known as:

1. World Bank.
2. Bank of Tokyo.
3. American Express.
4. HSBC Bank.

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.

Which duty has been removed to increase the competitive position of Indian goods in the international markets?

1. Custom duty.
2. Export duty.
3. Import duty.
4. None of the above.

Which of the following is/are objective(s) of GST?

1. To eliminate classification dispute between goods and services.
2. To bring uniformity in tax rates.
3. To ensure availability of input tax credit across the value chain.

Choose from the options below:

1. Both (i) and (ii).
2. Both(i) and (iii).
3. Both (ii) and (iii).
4. All of these.