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

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

How many industries still need license for its operations?

1. 4
2. 6
3. 8
4. 10

LPG stands for:

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

Devaluation of a currency means:

1. Fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
2. Permitting the currency to seek its worth in the international market.
3. Fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies.
4. Reduction in the value of domestic currency in relation to other currencies in the world

Which market form has declined with coming of NEP?

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

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

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

Which sector have faced some adverse impacts of NEP?

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

_______ sector has got maximum boost from new economic policy 1991.

1. Primary Sector.
2. Secondary Sector.
3. Tertiary Sector.
4. All 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).

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.