__________________ means the excess of anticipated expenditures over estimated revenue.

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

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).

As a part of globalisation process, tariff rates were _____________ in India.

1. Raised.
2. Lowered.
3. Not changed.
4. Abolished.

Deregulation of the economy and to introduce the policy of laissez-faire can be achieved through:

1. Liberalisation.
2. Globalisation.
3. Privatisation.
4. None of these.

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.

_______ sector remained stagnant during reform period.

1. Primary Sector.
2. Secondary Sector.
3. Tertiary Sector.
4. All of the above.

Which of the following statements is true?

1. Privatisation and disinvestment is one and the same thing.
2. Every privatisation is disinvestment.
3. Every disinvestment is privatisation.
4. Disinvestment is broader than privatisation.

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.

What was the immediate crisis India faced in the beginning of the 1990s?

1. Inflation.
2. Debt trap.
3. Foreign exchange crisis.
4. All of the above.

Which of the following is not a navratna company?

1. Bharat Petroleum Corporation Limited.
2. Gas Authority of India Limited.
3. Indian Railways.
4. Steel Authority of India Limited.