GST is applicable on __________________ of a good.

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

Which of the following organisations settles the disputes among the member countries?

1. IME
2. World Bank
3. WTO
4. None of the above.

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.

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.

General Agreement on Trade and Tariff (GATT) was established in 1948 with how many countries as global trade partners?

1. 20
2. 21
3. 22
4. 23

___________ 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.

In order to facilitate privatisation, which of the following policies were adopted?

1. Policies were made liberal for private sector.
2. Taxfree advantage were given.
3. Private vector were given free capital.
4. Both (b) and (c).

Which of the following is/ are not true for financial sector reforms?

1. The role of RBI changed to regulator.
2. Private sector banks were allowed to work.
3. Bank were allowed to expand their branches without prior approval.
4. All of the above are true.

LPG stands for:

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

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.